Oil Multinational News

Samsung Heavy Industries, South Korea's major shipyard, build a floating production unit for British oil multinational BP that will be used in offshore drilling in the Gulf of Mexico, says a report in Yonhap. The 1.5 trillion won ($1.26 billion) contract is the first for a floating oil production platform to be received by any of South Korea's big three shipbuilders in 18 months, according to Samsung Heavy. Under the deal with BP Plc, Samsung Heavy will build a floating production unit (FPU) by August 2020. The semi-submersible platform will be used for BP’s field development project, called ‘Mad Dog II,” in the U.S. Gulf of Mexico. Production began in the Mad Dog oil field in 2005.

'World Diamond', the first of a series of six uniquely designed platform supply vessels (PSV), was christened recently by the ship’s godmother, Princess Margareta of Romania, at Damen Shipyards’ Galati in Romania. Each of these PSVs is classed by Lloyd’s Register and is of 3,300 dwt with a breadth of 16.2 metres and draught of 6.5 metres. The remaining five PSVs will be delivered to their owner, Norwegian offshore support company, World Wide Supply AS (WWS), later this year. Four of the vessels will support the oil multinational Petrobas in offshore Brazil from next year…

The resurgence of shipbuilding in Brazil has led Cathelco to set up a joint venture with Workship do Brasil, Rio de Janeiro based marine equipment suppliers, which will now be known as Cathelco Brasil. Cathelco, based in the UK, is a manufacturer of marine pipework anti-fouling systems and impressed current cathodic protection (ICCP) systems for ships, FPSOs and semi-submersibles. Cathelco currently has over 20,000 installations on record. The revival of shipbuilding in Brazil is being driven by the success of Petrobras…