Keppel FELS and Keppel Shipyard have clinched contracts worth approximately SGD130m ($95.7m) for a newbuild LNG-ready dredger and the modification of a FPSO vessel.
Greek oil and gas producer, Energean Oil & Gas, has significantly expanded its operations in the growing eastern Mediterranean gas hub, with the purchase of Italian energy group Edison's oil and natural gas unit for an initial consideration of $750m.
Bumi Armada’s joint venture firm in India has clinched a charter contract valued at approximately $2.1bn from Oil and Natural Gas Corporation (ONGC) of Indian for the provision of one FPSO.
As the offshore market starts to turn the corner some 33 FPSO projects are expected to be sanctioned over the next three years according to analysts Rystad Energy.
World’s largest FPSO provider SBM Offshore executed its second FPSO hull contract at Shanghai Waigaoqiao Shipbuilding (SWS) as part of its Fast4ward FPSO programme.