Floaters. Photo: Sembcorp Marine Ltd.

Sembmarine Inks LoI with Shell for FPU

By Aiswarya Lakshmi!!!

Sembcorp Marine announced that its wholly-owned subsidiary Sembcorp Marine Rigs & Floaters has signed a Letter of Intent (LOI) with Shell Offshore for the construction of the hull and topside as well as the integration of the Vito floating production unit (FPU).

If the project moves forward, the Vito FPU will be a new facility located in the Mississippi Canyon, approximately 150 miles south of New Orleans, Louisiana, USA, in water depth of 4,050 ft.
Comprising a single topside module supported by a 4-column semisubmersible floating hull, the Vito FPU is designed with a throughput capacity of 100,000 bpd of oil and 100 MMSCFD of gas.
Final contract award will be dependent upon Shell and its partners sanctioning the project.
The LOI is not expected to have any material impact on the net tangible assets and earnings per share of the Group for the year ending December 31, 2017.
Image: Transocean

Transocean Amends Drilling Contract

Transocean announced that an agreement has been reached with the incumbent customer to amend the drilling contract on the harsh environment semisubmersible Transocean Leader.

Viking Energy. Photo: Eidesvik Offshore

Statoil Extends Contract with Viking Energy

Norwegian oil major Statoil has declared a one-year option for the Platform Supply Vessel (PSV) Viking Energy from April this year, in direct continuation of current contract.

Bruce Stuart (Photo: Interventek)

Interventek Appoints Stuart as Business Development Director

Interventek Subsea Engineering has announced the appointment of Bruce Stuart to the role of Sales and Business Development Director. Stuart brings with him over 30 years of

Ed Dudson. Photo: Incat Crowther

Dudson Joins Incat Crowther as MD

Incat Crowther has appointed Ed Dudson as Managing Director of its UK business and as a board member contributing to overall business direction.   With more than twenty five

Tony Boemi, Vice-president, Growth and Development at the Port of Montreal, Christine St-Pierre, Québec Minister of International Relations and La Francophonie, Jordan Reeves, Consul General of Canada, Mumbai, Sandeep Mehta, President of Adani Ports and Special Economic Zone and Dominic Marcotte, Consul and Director of the Québec Government Office in Mumbai. Photo: Montreal Port Authority (MPA)

Mundra Port, Port of Montreal Sign Cooperative Agreement

On a trade mission to India, the Montreal Port Authority (MPA) has signed a Cooperative Agreement with Mundra Port, Gujarat State, north of Mumbai. This agreement aims to

Photo: Ocean Yield Official Linkedin Page

Ocean Yield Acquires Two Handysize Dry Bulkers

Norwegian shipowner  Ocean Yield announced that 100% owned subsidiaries of the Company has agreed to acquire two 2018 built handysize dry bulk vessels with 12-year bareboat