Hyundai Gets LNG Contract

Friday, November 03, 2000
Nigeria Liquefied Natural Gas (NLNG) said it had awarded a contract for the building of an LNG carrier to Hyundai Heavy Industries of Korea. The company said the contract was the third to be awarded to the Korean firm and that the ship with a capacity 137,300 cu. m. would be delivered by the end of February 2003. The NLNG said it was increasing its fleet of carriers to deliver extra output from the expansion of its southern Bonny LNG facility. NLNG is building a third production train at the $3.8 billion LNG plant which will raise output to nine million tons per year from current six million tons on completion in 2002.

Contracts

Austal Dives into Loss

Australia’s largest shipbuilder Austal posted a full year loss of $84.28 million because a program to build war ships for the US Navy took longer than expected.

Russian Shipbuilder Signs $1 bln Oil Rigs Contract with Iran

Russian shipbuilder Krasnye Barrikady and Iran's Tasdid Offshore Development Company (TODC)  have signed a deal worth $1 billion to build five offshore drilling

BP, ExxonMobil, ConocoPhillips 'Quit' Alaska LNG Project

BP, Conoco Phillips, and Exxon Mobil said that the 65-billion dollar megaproject would be too unprofitable for them to move into the next phase of development.

 
 
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