SPECIAL FEATURE OIL & GAS / SHIPYARD NEWS

oil

Crude oil is one of Vietnam’s leading exports, estimated reserves at 270 million tones. The country has potential gas reserves of 1,300 billion cubit metres. By reducing taxes and fees, the government desires to boost interest in exploration and development of oil and gas processing industries. Grab hold of the incentives and tap into Vietnam’s reserves.

Vietnam signs US$9 billion deal to build oil refineryVietnam yesterday inked a deal with companies from Japan and Kuwait to build an oil refinery complex worth nearly US$9 billion as part of efforts to meet its growing energy needs.The Nghi Son refinery, which is due to start operating by 2017 in Thanh Hoa Province, about 200km south of Hanoi, will turn Kuwaiti oil into gasoline and other petroleum products. The refinery will be able to process 10 million tonnes of crude oil a year, the Vietnamese government said.State-owned PetroVietnam will own a 25.1-percent stake in the joint venture, while Japan’s Idemitsu Kosan Co and Kuwait Petroleum International Ltd will each hold 35.1 percent. Mitsui Chemicals Inc of Japan will own the remaining 4.7 percent.

Labuan Shipyard Engineering To Play Bigger Role In Marine, Oil And Gas Industries
LABUAN, Oct 6 (Bernama) — The recent signing of a RM100 million contract by Labuan Shipyard Engineering Sdn Bhd (LSE) for the engineering, construction, testing and delivery of a 77m DP2 Diesel-Electric Propulsion Platform Supply Vessel with Tanjung Kapal Services Sdn Bhd (TKS) has placed the company in a better position in the marine and oil & gas industries.

As Interest in LNG Surges, Regulators Struggle to Keep Pace:
The use of Liquefied Natural Gas (LNG) as a transportation fuel for ships, barges and ferries has surged in recent months. This surge is due, in large part, to the boon in the production of natural gas in the U.S.;
The first major step was the approval of a $324.6 million loan guarantee under the Title XI program to TOTE Shipholdings to finance the construction of two new containerships that will use LNG as propulsion fuel. These ships are being built at the General Dynamics-NASSCO shipyard in San Diego, CA. According to MARAD, the construction of the new ships will generate 600 jobs at NASSCO and suppliers around the U.S. Once built, the ships will be placed in the Jones Act trade and carry freight between Jacksonville, FL, and Puerto Rico

Deepwater Technology Group (DTG) Keppel Offshore
We are the only global offshore and marine group to possess a suite of in-house deepwater rig designs.
Through DTG, we provide design and engineering solutions spanning semisubmersibles and various floating structures such as drilling tenders, accommodation semisubmersibles and drillships. Our range of deepwater solutions is further enhanced through FloaTEC LLC, our joint venture with J.Ray McDermott, which specialises in floating production systems.
Semisubmersibles KFELS DSS™ Series .., ESemi II.., KFELS SSDT™ 3600E (drilling tender).., DSS™ 20NS (floating accommodation) SSAU™ 3600 (floating accommodation) Drillships: DrillDeep DS10000 …DrillDeep DS12000…. Floating Production System,Extended Tension Leg Platform ,Extendable Draft Semi Submersible.. DeepDraft Semi , Research and Development:, WaveRun Joint Industry Project Current Affairs Joint Industry Project, Ice Effect on Arctic Offshore Structure.

Keppel FELS to build KFELS Super B jackup rig worth US$240 million :Keppel FELS Limited (Keppel FELS), a wholly-owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has secured a contract from BOT Lease Co., Ltd (BOTL), an affiliated company of The Bank of Tokyo- Mitsubishi UFJ, for a KFELS Super B Class jackup rig worth about US$240 million. Scheduled for completion at end 2016, the rig – which is provisionally named Hakuryu 15 – will be operated by Japan Drilling Co.,Ltd (JDC) based on the leased agreement with BOTL..
Keppel AmFELS to build one of world’s largest land rigs for over US$100 million.. Keppel AmFELS LLC, a US-based wholly-owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has won a contract valued at over US$100 million to build one of the world’s largest land drilling rigs for a major operator. Scheduled for delivery in mid-2016, Keppel AmFELS will be undertaking the engineering, procurement and construction of the rig. The rig will be capable of operating in harsh conditions. Backed by comprehensive facilities and a highly-capable workforce, Keppel AmFELS has built up a strong track record in the construction, refurbishment, conversion, life extension and repair of a variety of drilling rigs. The above contract is not expected to have a material impact on the net tangible assets or earnings per share of Keppel Corporation Limited for the current financial year..
SEMBCORP MARINE’S SEMBAWANG SHIPYARD SECURES CONTRACT WORTH ABOUT S$600 MILLION

FROM SAIPEM SA FOR THE CONVERSION OF TWO FPSOS FOR KAOMBO PROJECT IN OFFSHORE ANGOLA
Singapore, 21 July 2014:
Sembcorp Marine’s wholly-owned subsidiary Sembawang Shipyard has secured a Floating Storage Production Offloading (FPSO) conversion contract worth about S$600 million from Saipem SA, France for the conversion of Two FPSOs for the Kaombo Project in Offshore Angola ting

SEMBCORP MARINE’S SEMBAWANG SHIPYARD SECURES FAVOURED CUSTOMER CONTRACT FROM GASLOG LNG SERVICES LTD., GREECE

SEMBCORP MARINE’S PPL SHIPYARD STARTS 2014 WITH A US$214.3 MILLION JACK-UP RIG ORDER WITH OPTIONS FOR ANOTHER TWO JACK-UP RIGS FROM MARCO POLO MARINE
Sembcorp Marine’s subsidiary PPL Shipyard has signed a turnkey jack-up rig contract worth US$214.3 million with Marco Polo Drilling (I) Pte. Ltd., an indirect wholly-owned subsidiary of Marco Polo Marine Ltd (“MPM”), as well as the grant of an option for two sequential units of similar jack-up rigs to be exercised at MPM’s discretion. The transaction contemplated under the contract is subject to approvals from the yard, a wholly-owned subsidiary of Sembcorp Marine, has secured shareholders of MPM…

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