Aberdeen firm Rig Control Products (RCP) said yesterday it had netted a £300,000 deal to supply a Singaporean company with oilfield equipment. RCP, which also has a base in Singapore, will also install the four pieces of integrated well control kit on rigs as part of the contract. The system is made up of a hydraulic console with a remotely-operated panel, which is used to operate and control dual choke valves, among other things.
BG Group and Keppel Offshore & Marine have secured a licence to supply LNG bunker to vessels in the Port of Singapore.
Oil services firm Ezra warned it expects to register a net loss for the 2016 first quarter compared to earnings a year before.
A vessel carrying 560 metric tons of bunker fuel sank after a collision with a chemical tanker in the Singapore Strait late Wednesday, the city-state’s Maritime and Port Authority or MPA said. Shipping traffic in the waterway remains undisrupted and there were no signs of any fuel leak, the MPA said in a statement on Thursday.
Japanese company Modec has contracted out the project to build a floating storage and offloading (FSO) vessel for Maersk Oil’s £3billion Culzean gas development in the North Sea. Singapore’s Sembcorp Marine said it had secured the work to design and build the FSO, with the project being handled by its wholly-owned subsidiary Sembcorp Marine Rigs and Floaters (SMRF). Scheduled for delivery in the first quarter of 2018, the vessel will be Sembcorp’s first FSO new-build secured on a full turnkey project basis.
Apple has confirmed its expanding operations in Singapore will be powered by solar energy as it zeroes in on its 100% renewable target.
Singapore’s Pavilion Energy Pte has signed a 10-year LNG agreement with a unit of Russia’s gas giant Gazprom PJSC, Chief Executive Officer Seah Moon Ming said Tuesday. The liquefied natural gas unit of Singapore’s state-owned Temasek Holdings Pte has also signed a memorandum of understanding with the Chinese energy company Huadian to supply LNG from 2020 onward and a similar agreement with Japan’s Jera Co. to jointly procure and invest in LNG, he said at a conference in Singapore.
EMAS Offshore has netted $33million in new contract wins to clients in Asia and West Africa. The company revealed the contracts as it also reported an improved full-year profit. The contracts form part of the Singapore and Oslo-listed firm’s strategy to focus its efforts in West Africa.
Deck machinery specialist Ace Winches has welcomed a delegation from Singapore to its Towie Barclay Works facility in Aberdeenshire.
Australian company Woodside Energy has awarded Norwegian engineering services firm Aibel a FEED contract for the subsea tie back to the Ngujima-Yin FPSO.
Gradually . . . little bit by little bit . . . Asia-Pac companies are seeking and gaining control of the subsea construction market though, for now at least, the larger part remains under the control of Western companies, primarily European.
Chinese shipyard Cosco Corporation (Singapore) has successfully won an arbitration case in the UK. The case was against a compatriot rig owner in relation to an axed $500million-plus drillship newbuild deal. A spokesman for the company said the matter related to a previous announcement in October 2013.
Energy commodities giant Noble Group extended its biggest monthly drop in 16 years after the Singapore bourse issued a warning on the company’s shares amid a slump in commodity prices.
Singapore-based conglomerate Keppel's second-quarter net profit fell 2 percent to S$396.7 million ($290.2 million) from a year earlier, weighed down by weak performance in the offshore and marine unit. Keppel, one of the world's largest offshore rig builders, also has business interest in real estate and infrastructure. The weakness in oil market over the past year has been weighing on the rig building business globally. Keppel posted revenue of S$2.6 billion for the quarter ended June 30, down 19 percent from a year earlier, and a net profit of S$756.9 million for the first half of the year. That was slightly short of half of a mean estimate for the full year at S$1.59 billion, based on 21 analysts polled by Thomson Reuters.