Keppel Singmarine, the wholly-owned subsidiary of Keppel Offshore & Marine Ltd. (Keppel O&M), has secured two contracts worth a total of about Sing $65 million (US$49 million).
One was awarded by Seaways International to build a multi-task Anchor Handling Tug (AHT) vessel, with a designed bollard pull of 100 tonnes. It will be equipped with Class 1 and 2 fire-fighting capabilities, dynamic positioning systems Class 2, oil recovery Class I capabilities and other equipment. It is due for completion in second-quarter 2016 and will be the fifth AHT unit built by Keppel Singmarine for Seaways.
The yard was also awarded a contract by Nakilat-Keppel Offshore & Marine, a joint venture shipyard in Qatar between Qatar’s Nakilat and Keppel O&M, to provide technical services for the construction of a lift boat.
Drillers cut nine oil rigs in the week to March 22, bringing the total count down to 824, the lowest since April 2018, Baker Hughes, a GE company (NYSE: BHGE), said in its weekly report.
The independent U.S. energy producer aims to take a final investment decision on the $20 billion project in the coming months, having signed up long-term buyers for its LNG.
The first circulated draft of the much anticipated hydrocarbon law in Algeria, has shown that the government has loosen up the law in a move that aims to attract more foreign investors to the energy sector in Algeria. The question is, will it be passed amid contentious political transition?