The launching of M.V. Reestborg, Nb. 403 was performed performed on Friday January 25 2013 at 11.00 hours on Ferus Smit’s production site in Leer, Germany. This promises to become a splash of huge proportions, as it is by far the largest ship ever built at Ferus Smit yards. With a length of 170mtr, Breadth [...]
Douglas-Westwood (DW) forecast that between 2013 and 2017 $91bn will be spent on floating production systems (FPS) – an increase of 100% over the preceding five-year period. In Douglas-Westwood’s new World Floating Production Market Forecast 2013-2017, a total of 121 floating production units are forecast – a 37% increase. This growth is driven by multiple [...]
October 5, 2012 | Posted in
Africa,
Americas,
Asia Pacific,
Europe & Eurasia,
Featured,
Headlines,
Middle East,
News by topic,
NEWS category,
Offshore News,
Press releases,
Regional news,
Shipbuilding News,
South & Central Asia |
Read More »
A poll conducted at the Offshore Northern Seas (ONS) conference in Stavanger has revealed that industry professionals see Arctic exploration as a viable solution to Norway’s declining oil production rates. 74% of participants said that the development of sizeable reserves in Arctic waters offshore Norway could reverse the country’s diminishing North Sea production rates by [...]
Pemamek Oy Ltd was recently awarded a contract of Aker Philadelphia Shipyard, construction and delivery of a micro panel line. Commissioning in early 2013, the new modern micro panel line replaces the existing one. This new line will substantially increase shipyard’s productivity and therefore improve outstandingly Aker Philadelphia Shipyards positioning at the market. Additionally, Pemamek [...]
FPSO Peregrino is one of the biggest and most technologically advanced oil production ships in the world. Converted at a cost of more than $1 billion, the vessel receives, processes and stores high viscosity oil from the ultra-deep Peregrino oil field off the coast of Brazil. The entire production process – from reservoir to wellhead [...]
Fred. Olsen Production and BW Offshore have signed a contract with Vaalco Energy for a five year extension for the lease and operation of the FPSO Petróleo Nautipa. The FPSO is owned 50% by Fred. Olsen Production and 50% by BW Offshore. The firm period has been extended to Q3 2020 (from Q3 2015), with [...]
July 2, 2012 | Posted in
Company News,
Europe & Eurasia,
Featured,
Headlines,
News by topic,
NEWS category,
Offshore News,
Press releases,
Regional news,
Workboat News |
Read More »
Japan Petroleum Exploration Co. Ltd (JAPEX) and Mitsubishi Corporation (MC) announced that Kangean Energy Indonesia Ltd. (Operator), a wholly-owned subsidary of Energi Mega Pratama Inc. (JAPEX and MC each makes a 25% investment in Energi Mega Pratama Inc.) based in Republic of Indonesia, has started commercial production on 26th May 2012 in the Terang gas [...]
![Russia: Gazprom Neft, Chevron Ink Marine Engine Oils Production Agreement]()
Gazprom Neft Lubricants and Chevron have signed a licensing agreement for the manufacture of marine engine oils, allowing the Gazprom Neft subsidiary to supply a wide range of lubricants, including hydraulic, compressor, turbine and cooling liquids as well as specialized lubricants, for sea and river vessels. Chevron is one of the current world leaders [...]
March 30, 2012 | Posted in
Also in the news,
Company News,
Equipment News,
Europe & Eurasia,
Featured,
News by topic,
NEWS category,
Press releases,
Regional news,
Shipping News |
Read More »
Austal has allocated its first shipbuilding project to its recently acquired shipyard in the Philippines. Construction of the vessel will commence in the first quarter of this year, and provide work through to November. Austal acquired the shipyard in the West Cebu Industrial Park in Balamban, Cebu in November last year as part of a [...]
Norwegian conglomerate Aker said on Monday it was offering to buy Aker Floating Production , which owns and operates two ships that can… (Reuters) Source: Reuters, November 7, 2011: Image: Aker Floating Production
