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Thursday, February 27, 2014

Sembcorp Marine's Jurong Shipyard secures US$1.08 billion in contracts from Transocean
Sembcorp Marine's subsidiary Jurong Shipyard has signed two contracts for US$540 million each to build two drillships with options for three additional units from a subsidiary of Transocean Ltd (Transocean). Scheduled for delivery in 2Q 2017 and 1Q 2018, the drills ...

Tuesday, February 18, 2014

Cosco (Guangdong) Shipyard announces that two option contracts have been declared effective
The Board of Directors of COSCO Corporation Limited announce that two (2) option contracts, awarded to COSCO (Guangdong) Shipyard Co., Ltd, a subsidiary of the Company's 51% owned subsidiary, COSCO Shipyard Group Co., Ltd, for the construction of two (2) platform su ...
EXMAR LPG disposes of 2 older LPG vessels
EXMAR LPG (the Joint Venture between EXMAR and Teekay LNG PARTNERS) announce the sale of the Very Large Gas Carrier FLANDERS HARMONY (85,826 m³ - 1993 built) and the Midsize Gas Carrier TEMSE (35,754 m³ - 1994 built). TEMSE is expected to be delivered to its ...

Monday, February 17, 2014

Concordia Maritime signs cooperation agreement with Shell
Concordia Maritime has signed an agreement with Shell Tankers Singapore Private Ltd (Shell) covering the employment of the P-MAX tankers Stena Penguin and Stena Progress. 'Generally speaking, the product tanker market is developing well and in accordance with our p ...

Friday, February 7, 2014

Keppel secures repeat contract from UMW for jackup worth US$218 million
Keppel FELS Limited (Keppel FELS), a subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has secured a contract from UMW Drilling 8 (L) Ltd, a wholly-owned subsidiary of UMW Oil & Gas Corporation Sdn. Bhd. (UMW Oil & Gas), for a KFELS B Class jackup rig worth US$21 ...

Friday, January 31, 2014

EOC Limited appoints new Chief Financial Officer
Mr Chan Eng Yew, 41, Chief Financial Officer (CFO) of EOC Limited, one of Asia's leading providers of offshore production services to the oil and gas (O&G) sector, will be stepping down at the helm after attaining a steady revenue stream for the Group in FY13. EOC s ...

Wednesday, January 8, 2014

ExxonMobil celebrates Singapore chemical plant expansion
ExxonMobil reinforced its long-term supply commitment to the fast-growing Asia-Pacific market today during an event celebrating the expansion of its Singapore chemical production facility. 'Global chemical demand will grow at a faster pace than GDP as people seek h ...

Thursday, January 2, 2014

Sembcorp Marine's PPL Shipyard secures US$211.5 million from Perisai (L) Inc.
Sembcorp Marine's subsidiary PPL Shipyard has secured a repeat order to build a third Pacific Class 400 jack-up rig worth US$211.5 million from Perisai (L) Inc, a wholly-owned subsidiary of Perisai Petroleum Teknologi Bhd. Scheduled for delivery in the third quarte ...

Tuesday, November 26, 2013

Vallianz awarded US$150 million chartering contracts in the Middle East
Vallianz Holdings Limited, an integrated offshore marine solutions provider in the offshore oil and gas industry, through its subsidiary, has been awarded US$150 million worth of chartering contracts by a leading company in the Middle East. Platform Supply Vessels (' ...

Friday, October 4, 2013

GasLog announces the delivery of the recently acquired LNG carrier
GasLog Ltd. (NYSE:GLOG) announced that it has taken delivery of the STX Frontier, a 2010-built, 153,600 cubic meter Tri-Fuel Diesel Electric LNG carrier from STX Pan Ocean LNG PTE. Ltd., a Singapore based company. The vessel has been renamed GASLOG CHELSEA. Paul Wogan, ...

Wednesday, September 25, 2013

Singapore financial backing for Cougar Energy
Cougar Energy Limited (ASX: CXY) announce it has entered into a secured funding agreement with Twinkle Woods Limited, a private investment company based in Singapore, for a commitment of A$ 1 million. Cougar Energy has today drawn down the first A$ 850,000. This is the ...

Thursday, September 12, 2013

Helix signs agreement with Sembcorp Marine's Jurong Shipyard to build Q7000 semisubmersible well intervention vessel
Helix Energy Solutions Group, Inc. (NYSE: HLX) announced today that it has signed a contract with Sembcorp Marine's subsidiary Jurong Shipyard in Singapore for the construction of its Q7000 newbuild semisubmersible well intervention vessel previously announced by He ...

Thursday, July 11, 2013

Is a talent shortage set to hold back the LNG industry?
Employers in the wider oil and gas sector bemoan the lack of skilled workers in key roles, how much they cost, and their apparent mercenary approach to contracts. Additionally there does not seem to be a ready solution to these manpower issues. An ageing workforce, a bi ...

Monday, July 1, 2013

New sale and leaseback transactions with Ship Finance totalling US$600 million for the West Linus
North Atlantic Drilling ("NADL") and Ship Finance International Limited ("Ship Finance") today announce an agreement to a combined sale and leaseback arrangement whereby Ship Finance will acquire the harsh environment jack-up drilling rig West Linus ...

Monday, June 10, 2013

Got that Monday morning feeling?
In this edition of the "Got that Monday morning feeling?" article we would like to draw your attention to four fantastic opportunities based in Singapore, Canada and Ukraine. Singapore: Mechanical Engineer - MDE Consultants currently have a client who are see ...

Thursday, May 30, 2013

ExxonMobil Singapore Chemical Plant expansion in operation
ExxonMobil's Singapore Chemical Plant is now producing ethylene from the facility's second world-scale steam cracker. The expansion is integrated with the existing petrochemical plant. Over the next few weeks, the petrochemical complex, powered by a 375-megawat ...

Friday, May 17, 2013

Seadrill Limited closes the tender rig T15 transaction
We refer to the press release dated May 7, 2013, which announced the transaction to sell the T-15 Tender rig. Seadrill Limited has today completed the previously announced transaction to sell the T-15 tender rig to Seadrill Partners. The agreed upon sale is for a tota ...