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Most floating energy projects are likely to be delayed by three to six months and, if the coronavirus (COVID-19) virus is not contained soon, could lead to year-long delays.
PACC Offshore Services Holdings (POSH) has clinched contracts from Petronas for the deployment of four offshore support vessels to support the project of Petronas Floating Liquefied Natural Gas 2 (PFLNG Dua).
SBM Offshore has signed contracts for the construction of the company’s fourth and fifth Fast4Ward new build multi-purpose hulls with two Chinese shipyards, Shanghai Waigaoqiao Shipbuilding and China Merchants Industry Holdings.