Technip Wins Brunei Offshore Pipe Contract
Technip awarded flexible pipe supply contract for Champion Field offshore Brunei. Technip has been awarded by Swiber Offshore Construction a flexible pipe supply contract for the Brunei Shell Petroleum’s Champion Field, located 40 kilometers offshore Brunei, at a water depth of 45 meters. The contract covers the supply of 12 flexible flowlines, with a total length of 19 kilometers. Brunei Shell Petroleum will use these flexible pipes to increase the existing Champion Field production by redevelopment. The Champion WaterFlood Project, divided into brown field and green field, will be carried out in several phases and will aim at increasing oil recovery from the field.
MARCAS Awards Contract to Unitor
Ship supply specialist Unitor, has entered into a three-year sole supply contract with MARCAS, the Bermuda-based marine purchasing group. MARCAS’ members, who include the V. Ships Group, Teekay Shipping and World Wide shipping, have agreed to contract with Unitor for the sole supply of chemicals, gases and associated welding products for a minimum period of three years.
Yamal LNG Inks Deal with Gazprom to Sell LNG in Asia
A trading subsidary of Russian gas producer Yamal LNG has signed a long-term supply contract with a trading subsidiary of Gazprom, under which liquefied natural gas (LNG) produced by Yamal LNG will be sold in Asia, Yamal LNG said on Friday. The company said in a statement that the contract involved sales of 2.9 million tons of LNG per annum which would be sold to the Asia-Pacific region, primarily India, with the LNG priice indexed to crude oil. The contract was signed by Yamal Trade Pte Ltd and Gazprom Marketing & Trading Singapore Pte Ltd. (Reporting By Jason Bush)
LNG Prices Low on Oversupply
The Asian market for liquefied natural gas (LNG) remained subdued this week, weighed down by oversupply concerns and as the northern hemisphere exits its high demand summer season. Spot prices for Asian LNG <LNG-AS> were at $5.40 per million British thermal units (mmBtu), down 5 cents from a week ago. That's more than 70 percent below the $20.50 per mmBtu peak from February 2014. "Summer demand had been strong at this level (of mid$5/mmBtu). It's approaching shoulder months so prices are correcting," a Singapore-based LNG trader said. LNG deamnd weakens seasonlly during the shoulder season between the northern hemisphere's summer and winter. However, LNG markets are also generally oversupplied, largely because of soaring output from Australia and the United States.
Ribcraft Awarded GSA Supply Contract
Ribcraft line of rigid inflatable boats has been approved for the United States Government's General Services Administration (GSA) Awards Schedule, a government approved listing of suppliers and manufacturers for all government agencies. "Even though we have already provided RIBs to several government agencies,inclusion in the GSA Schedule will allow us to better support our present federal customers as well as make our RIBs and offerings more accessible to all interested agencies," said Brian Gray, President of Ribdraft USA.
Chinese LNG Project Progressing
A Chinese consortium led by China Offshore Oil Corp. (CNOOC) and oil major BP aim to complete a feasibility study for China's first liquefied natural gas (LNG) project by next June. An agreement for the supply of gas is also expected to be sealed in a similar timeframe, the official said. The Chinese consortium and BP plan to build a three million ton per year (tpy) LNG import terminal in southern Chinese province of Guangdong by the end of 2005. "We aim to finish the study around May or June next year. It is hoped that the gas supply contract will also fall into place around the same schedule," he said. The Guangdong LNG Joint Executive Office, a joint management team based in the city of Shekou, is preparing bidding documents for potential gas suppliers, the Shekou-based official said.
Poland: First LNG Shipment due in Nov-Dec
Poland expects to receive its first cargo of liquefied natural gas at its new LNG terminal at the end of November or early December, the treasury minister was quoted as saying on Sunday. The terminal, being built in the Baltic city of Swinoujscie, is Poland's flagship project to diversify its gas supplies and reduce a dependence on Russia. The terminal had originally been scheduled to open in 2014 but has been delayed several times. Built at a cost of almost 3.5 billion zlotys ($942 million), the terminal is expected to be ready for full commercial use next May and is likely to reach full capacity by 2018, its operator said last month. Its construction is to be officially completed on Monday. "The gas, which will arrive now, will not be burnt ...
Hydro and Talum Enter Agreement
Hydro Aluminium has entered into a long-term purchase agreement with the Slovenian aluminium producer Talum for foundry alloy casthouse products. Talum will supply Hydro with an average of 70,000 tonnes of foundry alloy products per year over the next seven years. This new supply contract comes in addition to the ongoing agreement under which Hydro annually purchases approximately 50,000 tonnes of extrusion ingot from Talum. The new purchase agreement will start 1 January 2004 and run through 2010. Hydro and Talum have been cooperating closely since 1987, including Hydro's supply of alumina for Talum's primary aluminium production.
S. Coast Guard uses SunWize Solar Modules
SunWize was selected for a five year supply contract with the US Coast Guard (USCG) to provide specialty solar modules to power navigational aids, buoys and lighthouses. The contract was awarded by the USCG Electrical Systems Contracting Branch for use by the Navigational Aids Division in Baltimore, MD. Based on estimates for production over five years, the total value of the contract is potentially five million dollars for the supply of nearly 15,000 solar modules. SunWize manufactures the modules in their Kingston, New York corporate headquarter facility.
Survival Craft Wins $7.7m Lifeboat Contract
Marine safety specialist Survival Craft Inspectorate Ltd has won offshore contracts potentially worth a total of $7.7m to supply new lifeboats that meet key upgrade requirements. Among Survival Craft’s clients are Apache, BP, Chevron, Maersk Oil and Marathon, which have all agreed supply contracts for the upgrading of their UK-located fixed installations. The upgrades are in accordance with the companies’ obligations as duty holders, taking into account the Health and Safety Executive’s Big Persons in Lifeboats Guidance Information Sheet 12/2008 for offshore installations, published in December 2008. The move has been prompted by the need for operators to comply with the Offshore Installations (Prevention of Fire and Explosion…
Survival Craft Wins $7.7B Lifeboat Contract
Marine safety specialist Survival Craft Inspectorate Ltd won offshore contracts potentially worth a total of $7.7B to supply new lifeboats that meet key upgrade requirements. Among Survival Craft’s clients are Apache, BP, Chevron, Maersk Oil and Marathon, which have all agreed supply contracts for the upgrading of their UK-located fixed installations. The upgrades are in accordance with the companies’ obligations as duty holders, taking into account the Health and Safety Executive’s Big Persons in Lifeboats Guidance Information Sheet 12/2008 for offshore installations, published in December 2008. The move has been prompted by the need for operators to comply with the Offshore Installations (Prevention of Fire and Explosion…
Seacat Services Secures Burbo Bank Charter Deal
DONG Energy has awarded offshore energy support vessel operator Seacat Services with the supply contract for all crew transfer services at its 258MW Burbo Bank Extension project under development in the Irish Sea. The four-vessel charter contract, with durations of three to 11 months, is the second such agreement signed between Seacat Services and DONG Energy in 2016, following the confirmation of a four-workboat construction support deal for the Race Bank Offshore Wind Farm in April. With a handful of remaining ‘Round 2.5’ extension projects due for installation in U.K.
Canpotex Reaches Agreement with Indian Customers
Canpotex Limited announced it has agreed to an annual contract with its government and private sector partners in India to supply approximately 1 million metric tons of potash at a price of $322 per metric ton on a CFR basis. Steven Dechka, Canpotex's President and Chief Executive Officer, stated that this new agreement demonstrates once again the importance Canpotex places on the Indian market and on supporting its loyal and long-term customer base in India. "We are very pleased to conclude these new supply contracts with our long-term Indian customers, and continue our role as a leading potash supplier to this important market," stated Dechka.
Technic Wins Another Ichthys LNG Contract
Technip wins INPEX CORPORATION commissioning contract worth approximately €210 million, for the Ichthys LNG Project in the Browse Basin, Western Australia. An integrated team will work on all activities related to the preparation and execution of the offshore commissioning for the floating, production, storage and offloading (FPSO) unit and the central processing facility. Technip’s operating center in Perth, Australia will execute the contract starting immediately, which is planned to be completed following the delivery of first gas from the Ichthys LNG Project scheduled in Q4 2016. Philippe Barril, Technip’s Executive Vice President…
Scana to Supply FPSO Mooring Winches
Scana Industrier ASA subsidiary, Scana Offshore Vestby, has signed a winch supply contract with UK-based Dana Petroleum. The contract is for delivery of mooring winches for Dana Petroleum's new floating production, storage and offloading vessel (FPSO) which will be used in their Western Isles Development Project. The total value of the contract is 57 MNOK. Dana Petroleum plc is a $4 billion oil and gas business with operations in the UK, Egypt, Norway, The Netherlands and Africa. The Western Isles Project (Dana 77% and Cieco 23%) will develop two discovered oil fields called Harris and Barra in the Northern North Sea, 160km east of the Shetlands and 12km west of the Tern field. The FPSO will be based on Sevan Marine technology and built at COSCO Qidong Shipyard in China.
Top LNG Buyers Form Alliance to Push for Flexible Contracts
The world's biggest liquefied natural gas (LNG) buyers are clubbing together to secure more flexible supply contracts in a move that further shifts power to buyers rather than producers. Japan, China and South Korea are the world's biggest LNG importers, accounting for about 55 percent of global purchases, according to data from energy consultancy Wood Mackenzie. The countries' biggest respective buyers are joining together to extract concessions from producers that would give them supply flexibility such as having the right to re-sell imports to third parties…
ECOSLOPS, SOPREMA Ink Supply Deal
ECOSLOPS an innovative technology company that upgrades ship-generated hydrocarbon residues (slops) into valuable distillates and light bitumen, has announced the signing of a long-term XFO (light bitumen) supply contract with SOPREMA. SOPREMA is the European leader in the bituminous membrane market for the isolation industry and had a 2.13 bn€ turnover in 2015 with more than 6,260 employees in 40 plants. Commenting on the development, Vincent Favier, CEO, ECOSLOPS, said, "We have worked with SOPREMA since our first plant in the Port of Sinès opened…
PBES Lithium Energy Storage for HH Ferries
Plan B Energy Storage (PBES) said it has secured the energy storage supply contract for the two largest battery-powered ferries in the world. Each of the two Scandlines Helsingborg-Helsingör ferries will have 4.16 MWh batteries to provide power for primary propulsion. The fully electric ferries will carry their part of more than 7.4 million passengers and 1.9 million vehicles annually with zero emissions. The energy storage system, designed by PBES with a proprietary liquid cooling system that provides a higher level of safety to marine customers…
LNG Starts Flowing From Oman
Oman began loading liquefied natural gas (LNG) onto a ship last Thursday for its first exports of the gas. "It is being loaded as we speak, and it is expected to be shipped tomorrow morning," Oman LNG spokesman Julian Barnes said. Barnes said the shipment would go to South Korea, a key customer for Oman's future LNG sales. Oman LNG, a $2.5 billion LNG project in the Gulf Arab state, has a 25-year contract to sell 4.1 million tons a year of LNG to Korea Gas Corp. It also has supply contracts with Japanese and U.S. firms.
Venezuela Delays Crude Shipments amid Operational Mishaps, Low Output
Venezuelan state oil company PDVSA has delayed and canceled crude deliveries to commercial partners in recent months, according to documents seen by Reuters, a further sign of the steady production decline of the country's top export. From October through January, PDVSA canceled or delayed delivery of almost 7 million barrels of crude due to cargoes being rescheduled or skipped, often because it did not have enough oil available, according to internal company documents seen by Reuters. Most pending cargoes were supposed to be delivered to regular buyers including U.S. Phillips 66 and Thai TIPCO Asphalt. Other shipments were canceled even before being assigned to specific customers.
MAN Engines for Three New Cruise Ships
MAN Diesel & Turbo said it has won the engine-supply contract from Fincantieri for newbuildings ordered by Costa Asia and P&O Cruises, Australia, members of Carnival Corporation & plc. Each vessel will feature 2 × 14V48/60CR + 3 × 8L48/60CR medium-speed MAN engines, providing 62,400 kW installed power. The engines will be delivered to Fincantieri’s shipyards in Monfalcone (Trieste) and Marghera (Venice) between August 2017 and September 2019. Each newbuilding will weigh 133,500 gt, have a length of 323 m, a passenger capacity of 4,000, and carry a crew of 1,450 personnel.
NLNG May Get Cash for Six LNG Carriers Soon
Nigeria Liquefied Natural Gas Company (NLNG) $1.6 billion bank loan on the cards. The company, which is majority owned jointly by the state oil company NNPC and Royal Dutch Shell, told Reuters a year ago it had contacted global banks to appoint advisers to explore the best option to raise funds. More recently a banking source told Reuters that the loan was being structured as a medium to long term financing with the close expected by the end of March 2013. NLNG was set up over two decades ago to harness Nigeria's natural gas resources and produce liquefied natural gas and natural gas liquids for export. It has long-term supply contracts with buyers in Italy, Spain, Turkey, Portugal and France and also sells on the spot market, reports Reuters. Source: Reuters
Patrol Vessels Delivered to Bangladesh Coast Guard
Two Minerva class corvettes decommissioned by the Italian Navy have been delivered to the Bangladesh Coast Guard (BCG) following upgrade and conversion at the Fincantieri shipyard in Muggiano, La Spezia. Urania and Danaide, renamed Karamuzzaman and Mansoor Ali, are the final two units part of the supply contract of four offshore patrol vessels (OPV), to the BCG, which have been retired from the national fleet in March 2016. Together with Minerva and Sibilla, renamed Syed Nazrul and Tajuddin and delivered in August 2016…