"Oil Spill India 2016" set for Launch in Mumbai in August
The 4th Edition of Oil Spill India (OSI) 2016 is all set to be launched at the JW Marriot Sahar, Mumbai. Keeping with the current trend and the government policy of "Make in India" the theme selected for this two-day event scheduled for 11th and 12th August 2016 is "Commitment, Synergy, Excellence. For the first time Mumbai will play host to this unique major event “OSI 2016”, whereas the first three editions had been successfully hosted in GOA. In year 2011, Oil and Natural Gas Corporation Ltd (ONGC)…
India's Oil Exploration near South China Sea Irks China
The state-run China Daily says that India's plans to conduct oil exploration off Vietnam coast in the South China Sea is "illegal and is an "unwise move" that may "sabotage" positive momentum in ties. "India's intention to once again explore for oil in the disputed waters of the South China Sea is an unwise move, as it will further complicate the maritime disputes and do a disservice to maintaining the positive momentum that has been achieved in China-India ties," the China Daily said in an editorial.
Keppel Wins $120m in Offshore Contracts
Keppel Offshore & Marine Ltd's (Keppel O&M) subsidiaries Keppel Shipyard Ltd (Keppel Shipyard) and Keppel Nantong Shipyard Co. Ltd (Keppel Nantong) won five contracts worth about $120m in total. "We are glad to have the support of repeat and new customers for a range of offshore and marine projects," said Michael Chia, MD (Marine and Technology) of Keppel O&M. "Keppel Shipyard's latest contracts bear testament to its extensive expertise and experience in Floating Production Storage and Offloading (FPSO) and Floating Storage and Offloading (FSO) conversion, upgrading and repair works.
Indian Board to Review Offshore Vessel Deal
The Oil & Natural Gas Corporation (ONGC) Board is expected to take up a proposal to place orders with the Netherland's IHC Offshore & Marine BV for a well stimulation vessel for about $244 million against the company's budget estimate of $150 million. The reservations over the contract stem from the fact that IHC Offshore & Marine was the only bidder that was technically qualified and it quoted a price of $254 million for the vessel, or nearly 70% higher than ONGC's estimate, reports 'The Times of India'.
Arabian Sea Contract for Technip Consortium
Technip, in a consortium with Afcons and TH Heavy Engineering, awarded offshore India contract. The contract, worth in total about 50-million Euros, awarded by Oil & Natural Gas Corporation Ltd (ONGC), is for the Heera Redevelopment (HRD) process platform project in the Arabian Sea, approximately 70 km South-West of Mumbai, India. Installation of a new bridge connecting the existing HRC process platform, the strengthening of the existing bridge and the modification on an existing HRC process platform to ensure interconnections between all the process lines and the utilities.
Keppel Shipyard Secures S$142 Million Contracts
Keppel Shipyard Ltd (Keppel Shipyard) has secured three conversion contracts worth a total of S$142 million. These conversion contracts are to convert a Liquefied Natural Gas (LNG) Carrier to a Floating Storage Unit (FSU), a VLCC tanker to a Floating Storage and Offloading (FSO) unit as well as a tanker to a Floating Production Storage and Offloading (FPSO) unit. Mr Nelson Yeo, Managing Director of Keppel Shipyard, said, "We are glad to have the trust and confidence of the global industry for a range of conversion projects.
Wärtsilä Ship Design Contract for 12 Vessels
Wärtsilä, ship power system integrator, has signed a ship design contract with Pipavav Shipyard of India. The contract calls for a total of 12 Offshore Supply Vessels (OSVs) to be designed by Wärtsilä and built by Pipavav, for delivery to ONGC - Oil and Natural Gas Corporation Ltd, which is the largest oil and gas producer in India. The yard is scheduled to begin production of the first seven vessels in the first quarter of 2010. Wärtsilä's strong track record in producing consistently…
Keppel FELS Delivers Rigs Early
Keppel FELS Ltd (Keppel FELS) has delivered two rigs safely, ahead of schedule and within budget to owners. The KFELS B Class jackup rig, Greatdrill Chitra, was delivered to India’s Greatship Global Energy Services Pte Ltd (Greatship) 12 days ahead of schedule, earning Keppel FELS a bonus of S$300,000. Keppel FELS also delivered Gold Star, the world’s first DSS 38 deepwater semisubmersible drilling rig, to Brazilian operator, Queiroz Galvão Óleo e Gás (QGOG), six days early. Both rigs are well on-track for their maiden deployments.