Friday, May 24, 2019

Sembcorp Marine News

MOL Signs LNG Charter with Pavilion Gas

LNG bunkering vessel supplying a containership. Pic: MOL

Mitsui O.S.K. Lines (MOL) has announced that it has signed a long-term charter contract to operate Asia's largest (12,000m3-class) LNG bunkering vessel in Singapore, the world's largest fuel supply port…

Sembcorp Marine Bags Offshore Wind and Ferry Projects

Pic: Sembcorp

Sembcorp Marine is breaking new ground in renewable  energy engineering solutions with two separate projects worth over S$200 million (USD 145 mln).The Group has inked an agreement with Ørsted Wind Power…

Sembcorp Marine, Teekay Offshore Pact on Petrojarl Varg FPSO

Petrojarl Varg FPSO. Image: Teekay

Sembcorp Marine Rigs & Floaters, a wholly-owned subsidiary of Sembcorp Marine,  has signed an agreement with Varg L.L.C., a wholly-owned subsidiary of Teekay Offshore Partners L.P., for engineering, procurement…

Singapore's Offshore Industry Recovering

© ligados / Adobe Stock

A big drag on Singapore's growth in recent years, the embattled offshore and marine industry, has broken a three-year losing streak. Yet industry executives aren't betting on a return to the glory days anytime soon.The industry…

Keppel Q2 Profit up 44 Percent

Singapore's Keppel Corp posted a 44 percent rise in its second-quarter profit, citing stronger earnings from its property and infrastructure divisions that offset losses in its other segments, including offshore and marine.Keppel, whose businesses ra

GTT, Sembcorp Ink Membrane Tank Solutions Deal

GTT has signed a Technical Assistance and License Agreement (TALA) with Singapore-based Sembcorp Marine for the design and construction of Sembcorp Marine's Gravifloat, FSRU and mid-scale LNG carrier products, using GTT membrane solutions.

Sembcorp Marine Outlook Subdued on Q1 Profit Slump

(File photo: Sembcorp Marine)

Singaporean rig builder Sembcorp Marine Ltd said on Wednesday first-quarter profit fell 86 percent, and signaled a subdued outlook for orders and business volumes.Sembcorp Marine said profit came in at…

Production Floaters Orders Are on the Rebound

© sadagus/Adobe Stock

Fifteen production floaters were contracted in 2017 – 11 FPSOs, two production semis, a wellhead TLP and an FLNG – and the number of deep water projects in the near-term planning queue indicates production floater orders are set to accelerate.

Sembcorp Marine Swings to Q4 Loss

File Image (CREDIT: AdobeStock / (c) Nightman)

Singapore's Sembcorp Marine swung to a net loss in the fourth quarter, with revenue plunging 21 percent due to lower rig-building revenue, fewer floater and offshore platforms projects. The rig builder…

Keppel Posts First Quarterly Loss in 14 Years

File Image (CREDIT: AdobeStock / (c) Nightman)

Singaporean conglomerate Keppel Corp swung to its first quarterly net loss in 14 years, after accounting for a huge fine its rig-building unit agreed to pay to resolve investigations into charges it bribed Brazilian officials.

First Oil and Contract Start-up for Libra FPSO

(Photo: Teekay)

Teekay Offshore Partners L.P. announced that its jointly owned floating production storage and offloading (FPSO) unit, the FPSO Pioneiro de Libra (Libra), has achieved first oil and commenced its 12-year…

LOI for Johan Castberg Hull Construction is Signed

File Image (Statoil)

Statoil is signing a letter of intent with Sembcorp Marine Rigs & Floaters Pte. Ltd in Singapore for the construction of the hull and integrated living quarters for the floating production, storage and…

Borr Drilling Deal Could Lead to Mexico Contracts

Borr Drilling's acquisition of nine jack-up rigs from Singapore's PPL shipyard could provide it a competitive edge in seeking contracts off Mexico, Danske Bank analysts said. The company has successfully…

Borr Drilling in USD 1.3bln Sembcorp Deal

Photo: Sembcorp Marine Ltd

Singapore-based Sembcorp Marine said its wholly-owned subsidiary PPL Shipyard (PPLS) has agreed to sell nine Pacific Class 400 jackup drilling rigs to Borr Drilling and its subsidiaries for a total of US$1.3 billion.

Semco Wins Order for Culzean Hook-up

Photo: Semco Maritime

Semco Maritime to participate in the preparation (hook-up) of Maersk Oil UK’s new gas field in the U.K. sector of the North Sea when the production units arrive from Singapore in the summer of 2018. The…

Keppel's Q1 Profit up 23 pct

File Image (CREDIT: AdobeStock / (c) Nightman)

Singapore's Keppel Corp on Thursday reported a 23 percent rise in its first-quarter profit as improved earnings from the infrastructure and investments divisions helped offset weakness in its offshore and marine business.

VRC System Ordered for SSCV Sleipnir

SSCV Sleipnir (Image: Heerema Marine Contractors)

Heerema Marine Contractors has chosen Emerson Automation Solutions to provide a valve remote control (VRC) system for the world’s largest semi-submersible offshore crane vessel, SSCV Sleipnir, currently…

Heerema Sleipnir Contract to TMC

Heerema Sleipnir (Photo: Heerema Marine Contractors)

Compressor supplier Tamrotor Marine Compressors (TMC) has been awarded a contract by Sembcorp Marine to supply compressed air systems to the new build Heerema Sleipnir crane vessel. The scope of work includes…

Sembcorp Marine Swings to Q4 Profit

Annual revenue lowest since 2006. Singapore's Sembcorp Marine Ltd (SembMarine) swung to profit in the fourth quarter of 2016 after provisions pulled the rig builder into a loss the year earlier, but a…

Sembcorp Marine, ENGIE Ink Gravifloat Technology Deal

Sembcorp Marine and ENGIE will develop a Gravifloat 3-in-1 integrated solution for near-shore receiving, storage and regasification of LNG as well as power generation. Photo Engie

Sembcorp Marine Rigs & Floaters Pte. Ltd., and Paris-based ENGIE have entered into a Memorandum of Understanding (MOU) to cooperate in the development and deployment of Sembcorp Marine’s proprietary Gravifloat…