Singapore's Offshore Industry Recovering
vessels, tugs and barges and recently finished restructuring its debt after getting "almost zero" enquiries in the previous two years."It is going to be difficult to attract new people or even bring back those who have left," he said.Even sector heavyweights Keppel Corp and Sembcorp Marine said recently they were not hopeful of any quick recovery."While overall sentiment and offshore capex spend have begun to improve, it will take some time before sustained new orders occur," Wong Weng Sun, Sembcorp Marine's chief executive, said at its results briefing this month
Semco Wins Order for Culzean Hook-up
will be responsible for carrying out the electrical work, while the piping and painting work will be carried out by two other companies. The Culzean complex consists of a central processing platform, a wellhead platform, a living quarter platform, which are currently under construction at the Sembcorp Marine yard in Singapore. Production from the natural gas field is expected to commence in 2019. In Singapore Semco Maritime will even now set up a team of hook up specialists to prepare the installation work in order to have everything planned when the platforms arrive in the North Sea next summer
GE Technology to Power Massive Crane Vessel
A recent partnership between Sembcorp Marine and GE aims realize one of the most challenging offshore projects in recent times for Heerema’s new Semi-Submersible Crane Vessel (SSCV) Sleipnir, which at 220 meters long and 102 meters wide, will be the world’s largest crane vessel. Equipped with two cranes, each boasting a lifting capacity of 10,000 tons, Sleipnir will be used for offshore construction and heavy lifting. A recent deal signed between GE’s Marine Solutions business and Sembcorp Marine will see GE provide technology that will be at the heart of the
Transocean Delays Drillship Delivery
Transocean Ltd. (NYSE: RIG) announced today an agreement with Sembcorp Marine's subsidiary, Jurong Shipyard Ptd Ltd, to defer the delivery and related final payments of two dynamically positioned ultra-deepwater drillships. The proprietary Jurong Espadon 3T designed rigs are now scheduled to be delivered during the first and third quarter of 2020.
Sembcorp Unit Wins $1 bln Maersk North Sea Deal
Sembcorp Marine subsidiary SMOE Pte Ltd has secured an Engineering, Procurement and Construction (EPC) contract worth over USD One billion (including long lead items) from Maersk Oil North Sea UK Limited. The contract includes the building of the Central Processing Facility plus 2 connecting bridges, Wellhead Platform and Utilities & Living Quarters Platform Topsides for the Culzean Field Development. The facility will be installed at a water depth of some 90 meters in UK sector of the Central North Sea. SMOE will provide engineering, procurement, construction and onshore pre-commissio
Transocean's Fleet Update
extension in the U.K. sector of the North Sea at a dayrate of $190,000 ($17 million estimated backlog). * Sedco Express - Awarded a 45 day contract offshore Nigeria at a dayrate of $300,000 ($14 million estimated backlog). * The company has amended its construction contracts with Sembcorp Marine's subsidiary, Jurong Shipyard, to delay the delivery of its two newbuild, ultra-deepwater drillships by 24 months. The two drillships are now expected to be delivered in the second quarter of 2019 and the first quarter of 2020, respectively. * The GSF Monarch and Transocean Spitsbergen
Ezra Wins $110m 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, to supply an external turret mooring system for the Libra field’s Extended Well Test (EWT) FPSO vessel. The Libra oil field is a large, ultra-deepwater (up to 2,500metres) oil prospect located in the Santos Basin, about 230 kilometres off the coast of Rio de Janeiro, Brazil, north of Tupi
Transocean Orders Two New Ultra-Deepwater Drillships
Transocean Ltd. inform that a subsidiary company has awarded contracts to Sembcorp Marine's subsidiary, Jurong Shipyard, in Singapore for construction of two newbuild dynamically positioned ultra-deepwater drillships with contract options for up to three more. The two drillships are expected to be delivered from the shipyard in the second quarter of 2017 and the first quarter of 2018, respectively. The combined capital cost is estimated at approximately US$1.24 billion including the shipyard contracts; project management; owner-furnished equipment; inventory and capital spares; but excluding
Sembcorp Marine Q4 Net Profit Up 9.2%
(Reuters) Singapore's Sembcorp Marine Ltd, one of the largest offshore drilling rig producers in the world, said its net profit in the fourth quarter rose 9.2 percent as higher operating profit offset lower contributions from associates and joint ventures. Sembcorp Marine, which is the world's second-largest jackup rig producer after crosstown rival Keppel Corporation Ltd , posted a fourth-quarter net profit of S$182.4 million ($143.89 million). Its full-year net profit rose 3.2 percent to S$555.7 million, above a mean forecast of 23 analysts of S$528.50 million. The company's order book fell to
February 2024
