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Polymer Pioneer Wins Sperry Award
Thordon Bearings’ founder and polymer materials pioneer George A. (Sandy) Thomson has been awarded the global transportation sector’s most distinguished accolade, the Elmer A. Sperry Award 2019 for “Advancing the Art of Transportation”.Thomson joins a long list of Sperry Award recipients, which was established in 1955, including Donald Douglas, Ferdinand Porsche, Sir Geoffrey De Havilland, Christopher Cockerell…
KNOT Signs Charter Contract with Total
Knutsen NYK Offshore Tankers AS (KNOT), a NYK Group company, has concluded a time-charter contract for a maximum 15-year period starting from 2021 for a shuttle…
FLNG Project Count Hits 20
Finance — or at least project economics based on long-term commodity prices — appear to be factors limiting a surge in investments in floating liquefied natural gas (FLNG) a new study by U.S.-based numbers cruncher, World Energy Reports, revealed Monday.Among a growing count of floating producers in the planning stage, some are destined to become FLNG, increasingly the go-to solution discussed for producing stranded or remote gas.
MTR100: Five "Ones to Watch"
For Marine Technology Reporter's (MTR) 14th Annual "MTR100" - a look at 100 innovators and technologies in the subsea space - MTR editor-at-large Elaine Maslin reports on five companies and technologies that are worth the watch for the remainder of 2019 and beyond. For the full edition, see https://magazines.marinelink.com/nwm/MarineTechnology/201907/Blue Logic: Entering a new eraCompletely new modes…
MODEC Raises $1bln Bond for FPSO Project
Japanese FPSO provider MODEC has decided to issue project bonds to international investors to refinance a floating production, storage and offloading (FPSO) vessel…
Euronav Sells VLCC for FPSO Conversion
Belgium-based crude oil tanker company Euronav NV has sold its oldest very large crude carrier (VLCC) for conversion into a floating production storage and offloading…
MODEC Unveils New FPSO Designs
Japanese floating production specialist MODEC has developed a pair of next generation new build hull designs for floating production, storage and offloading (FPSO) vessels developed in partnership with Mitsui E&S Shipbuilding, targeting greater production and storage capacity.As a result of increases in required crude oil and gas production capacities, FPSO topsides have become bigger and heavier,…
NYK Bulk Shipping Records Lower Profit
Japanese shipping and logistics company Nippon Yusen Kabushiki Kaisha (NYK) said that its bulk Shipping division recorded lower profit than previous year.In the…
Boskalis Wins Woodside Scarborough Contract
Dutch dredging company Royal Boskalis Westminster N.V. has been awarded the contract for the seabed intervention and shore crossing activities for Woodside’s proposed…
Neptune Acquires Interests in Offshore Indonesia
Neptune Energy East Sepinggan, subsidiary of the European exploration and production company Neptune Energy has agreed to acquire interests from the Eni East Sepinggan Limited…
FPSO Liza Destiny Sets Sail for Guyana
The very first production vessel destined for operations offshore Guyana has departed Singapore en route to the ExxonMobil-operated Stabroek block off the northeastern coast of South America.The Liza Destiny floating, production, storage and offloading (FPSO) vessel is expected to arrive in September ahead of first oil planned in 2020.The FPSO, which was converted from a very large crude carrier (VLCC) at the Keppel Shipyard in Singapore…
Keppel Wins Yinson FPSO Modification Work
Singapore-based Keppel Offshore & Marine (Keppel O&M) has through its wholly-owned subsidiary Keppel Shipyard, secured a contract from repeat customer Yinson for the modification of a floating production, storage and offloading vessel (FPSO).The contract is between Keppel Shipyard and Yinson Nepeta Production Ltd, a wholly-owned subsidiary of Yinson Production Pte Ltd, for the fast-track modification and upgrading of FPSO Allan.
Sapura Energy Bags Multiple Contracts
Malaysia’s oilfield services player Sapura Energy said it has has clinched contracts worth a total of MYR 1 billion ($242 million) for several new oil patch deals…
Teekay, Alpha Petroleum FPSO Deal Terminated
Teekay Offshore Partners, midstream services provider to the offshore oil production industry, said that the agreement with Alpha Petroleum signed in October 2018…
Modec Signs LOI for FPSO with Petrobras
MODEC Inc. received a letter of intent (LOI) from Petróleo Brasileiro for the supply, charter, and operations of a Floating Production Storage and Offloading (FPSO)…
SHI Wins Order for 2 LNG Carriers
South Korean shipbuilder Samsung Heavy Industries (SHI) has received an order for the construction of two liquefied natural gas (LNG) carriers.The shipbuilder said…
Shipping of First LNG Cargo from Prelude is "Imminent" - Royal Dutch Shell
Shipping of the first liquefied natural gas (LNG) cargo from the long-awaited Prelude floating production project in Australia is "imminent", Royal Dutch Shell said on Tuesday.Prelude - the world's biggest floating LNG production unit and the biggest maritime vessel ever built - is expected to have an annual LNG production capacity of 3.6 million tonnes.It will also produce 1.3 million tonnes a year of condensate and 400,000 tonnes a year of liquefied petroleum gas (LPG).
Teekay Offshore Arranges $550mln Refinance
London-based international law firm Watson Farley & Williams (WFW) advised Teekay Offshore Partners on two separate fleet refinancings with a combined value of…
Bumi Armada Profit Up 28.5% in Q1
Malaysia's offshore oilfield services firm Bumi Armada announced that its first-quarter net profit jumped 28.5% on-year, mainly thanks to joint ventures, lower cost of sales…
Teekay Gets $450mln for Shuttle Tanker Fleet
The midstream services provider to the offshore oil production industry Teekay Offshore Partners announced that in accordance with previously noted financing plans…