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Coldharbour Marine's New UK Office
Coldharbour Marine, long recognised for the design, manufacture and supply of inert gas and fluid handling equipment vessels (FPSOs) has moved into a new 25k sq. ft. headquarters in Linby, Nottinghamshire. All of Coldharbour’s administration…
Keppel Q4 Profit Up; 2014 Profit Beats Street
Keppel Corp's full-year profit up 2 pct at S$1.9 bln. Singapore's Keppel Corp Ltd said fourth-quarter net profit rose 6.1 percent to S$725.9 million ($544.8 million), while its full-year profit rose 2 percent and beat analysts' consensus. Keppel…
The Deepwater Sector's Perfect Storm
Impact of $50 oil and Petrobras implosion on contracting in the floating production sector The drop in oil/gas prices and ongoing implosion in Petrobras have combined to create a perfect storm in the deepwater sector. More than 170 projects…
Statoil Awards Johan Sverdrup Jacket Contract
On behalf of the Johan Sverdrup licence partners, Statoil has awarded a contract to Kværner Verdal for delivery of the riser platform jacket for the Johan Sverdrup field. Scheduled for delivery in the summer of 2017, the jacket's contract value is close to NOK 2 billion.
Smith Named CEO of Golar LNG
Gary Smith will take over as CEO of Golar LNG limited, taking over for Doug Arnell, who will step down on February 1, 2015. Smith brings a track record of leadership and operational management in the mid-stream oil and gas, shipping and LNG businesses.
Petrobras is Largest Operator of Floating Production Platforms
Petrobras now operates more floating production platforms (including self-owned and chartered ones) than any other company in the world, according to Petrodata, a consulting firm that specializes in providing information about the global oil industry.
Shell, GDF Take Stakes in Floating LNG Terminal
Europe's largest oil company Royal Dutch Shell and French firm GDF Suez are likely to take 26 percent stake each in GAIL India Ltd’s proposed ‘floating LNG import terminal’ at Kakinada in Andhra Pradesh. Andhra Pradesh Gas Distribution Corp…
Lower Oil Price Effect on GCC Economies in 2015
The Brent oil price per barrel lost more than 50% of its value from $114 in June 2014 to the current price of about $50. Coface expects it to average at $75 on average in 2015. This bearish trend is pressurizing the hydrocarbon sector in major…
N'Goma FPSO Producing & On Hire
SBM Offshore this morming received formal Production Readiness Notice (PRN) for N'Goma FPSO from client Eni, operator of Block 15/06 on behalf of the Joint Venture which also includes Sonangol Pesquisa e Produção, SSI Fifteen Limited and Falcon Oil Holding Angola SA.
Petrobras Reports Record Production
Total production of oil and natural gas from Petrobras, in December 2014, in Brazil and abroad, reached the average of 2 million 863 thousand barrels of oil equivalent per day, the best result reached in the history of the company, Petrobras reported.
SAACKE Water Boiler Ordered for FLNG
SAACKE Marine Systems received an initial order from Japan-based JGC Corporation in June 2014 to deliver a complete high temperature water boiler system – consisting of a fired hot water boiler with a dual fuel burner and two heat recovery units…
Ezra to Supply Turret Mooring System for Libra Field
Ezra wins $110 million engineering and fabrication contract from Jurong Shipyard for deepwater project in Brazil; engineering, procurement and construction (EPC) contract scope includes supply of an external, bow mounted, cantilever turret mooring…
Ezra Wins $110 mi Deepwater Brazilian Contract
Ezra Holdings Limited today announced that the Group’s wholly owned subsidiary London Marine Consultants (LMC), Ezra’s Floating Production, Storage and Offloading (FPSO) Turret Design outfit has been awarded a contract by Sembcorp Marine’s subsidiary Jurong Shipyard of Singapore…
Jackup Rig Delivered to PEMEX
Keppel FELS Limited (Keppel FELS), a wholly owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has delivered a KFELS B Class jackup rig to Mexican national oil company, Petróleos Mexicanos (PEMEX). The rig was named Yunuen by Lady Sponsor Valerie Pahl-Hernandez…
Golar Orders Second FLNGV Conversion
Keppel Shipyard and Black & Veatch team up with Golar LNG for the second time to convert floating liquefaction vessel Black & Veatch has again been called upon to combine its PRICO LNG technology and global engineering, procurement and construction…
BW Offshore: Contract extension for Abo
BW Offshore has signed a Letter of Intent for a two years extension for FPSO Abo with Nigerian Agip Exploration Limited, an affiliate of ENI S.p.A. until Q4 2016, with options for additional seven years (until Q4 2023).
BW Offshore Gets FPSO Umuroa Lease Extended
BW Offshore has received a one year contract extension for the lease and operation of the FPSO Umuroa. The FPSO is operating on the Umuroa field offshore New Zealand for AWE. The firm period has been extended to Q4 2016 (from Q4 2015).
Golar in Cameroon FLNG HOA
Golar LNG Ltd today announced the signing of a Heads of Agreement (the "HOA") with Societe Nationale de Hydrocarbures ("SNH") and Perenco Cameroon ("Perenco") for the development of a floating liquefied natural gas export project (the "Project")…
BW Offshore Lands FPSO Contract Extension
BW Offshore has received a one year contract extension for the lease and operation of the FPSO Umuroa operating on the Umuroa field offshore New Zealand for AWE. Under the extended contract, the firm period has been extended from Q4 2015 to Q4 2016.
Teekay Petrojarl Contracts Damen for FPSO Upgrade
Damen Shiprepair Rotterdam (DSR), part of Damen Shiprepair & Conversion (DSC), has been awarded an EPC contract by Petrojarl I LLC for the upgrade of its FPSO Petrojarl I. The Petrojarl I is a Teekay Petrojarl managed FPSO built in 1986 which has been active in the North Sea.
EXMAR Orders Second FLNG from Wison
EXMAR NV has placed an order for a second Floating LNG Liquefaction Unit (FLNG) at Wison Offshore & Marine. Under the agreement, Wison will be responsible for the turnkey engineering, procurement, construction, transportation, installation and commissioning (EPCIC) of the FLNG…