MHI LNG-FPSO Approval for Two Tank Types
Mitsubishi Heavy Industries, Ltd. (MHI) completed development related to floating production, storage and offloading units for liquefied natural gas (LNG-FPSO), and has obtained two kinds of approval in principle (AIP) from major international ship classification societies. In tandem with intensified activity in medium- and small-scale offshore gas field development, demand for LNG-FPSOs, a new method of gas production offering movable capability, has been increasing globally. Boosted by the new recognition of the safety and reliability of its proposed units, MHI will now begin aggressive marketing activities toward construction of the world's first LNG-FPSO.
Seadrill Sells FPSO Crystal Sea
Seadrill Limited, the owners of the Crystal Sea, have completed a sale of the FPSO vessel to BW Offshore. The total consideration for the FPSO vessel is $80 million of which $60 million in cash and U20 million in BW Offshore shares. BW Offshore Limited is a Oslo Stock Exchange listed company.
