Typhoon tears BP FPSO from Chinese dock
A typhoon has ripped a BP FPSO away from its moorings at a Chinese yard, throwing up another challenge to plans for LNG production off Senegal and Mauritania.
Cosco
Kosmos turns on the cash flow spigots and looks to LNG
Kosmos Energy is generating free cash flow at unprecedented volumes, allowing it to pay down debt, and has been talking up LNG.
Costs rise at Woodside’s Sangomar
Woodside Energy has increased the cost of its Sangomar project to $4.6 billion, gross, from $4.2bn.
Time runs out on Prosafe loan deal
Prosafe has seen the clock run down on its agreement with lenders to extend its loan facilities, but insists it will operate as “business as usual”.
Prosafe gets financial relief as it works to stay afloat
Flotel owner Prosafe has received some financial relief as it works to stay afloat amid the latest downturn.
Yamal LNG shipping venture cleared from US sanctions
A Teekay and COSCO joint venture operating LNG tankers serving Yamal LNG has been cleared to resume operations.
Tanker prices spike as sanctions bite
Tanker prices have rocketed over the last week, driven by US sanctions on various Chinese shippers, principally COSCO Dalian.
GECF concerned as sanctions threaten Yamal LNG expansion
The Gas Exporting Countries Forum (GECF) has expressed “deep concern” about sanctions in the gas sector, the group has said after a meeting in Moscow.
Energean FPSO undocks in China
The Energean Power hull has undocked from the COSCO shipyard, in Zhoushan, China, and floated out.
Sentinel launches new emergency response vessel
Aberdeen-based Sentinel Marine has launched its latest emergency response and rescue vessel.
FPSO for Dana’s Western Isles project completed at last
Dana Petroleum’s long-awaited Western Isles FPSO has been completed at a shipyard in China.
Sevan Drilling and Cosco delay rig delivery again
Sevan Drilling and Cosco have agreed to delay the delivery of an ultra-deepwater cylindrical semi-submersible rig.
Cosco Corporation wins arbitration case
Chinese shipyard Cosco Corporation (Singapore) has successfully won an arbitration case in the UK. The case was against a compatriot rig owner in relation to an axed $500million-plus drillship newbuild deal. A spokesman for the company said the matter related to a previous announcement in October 2013.
Cosco Corporation warns 2014 earnings will be significantly lower
The Cosco Corporation has warned its earnings for 2014 will be significantly lower than the year before due to the steep fall in crude oil prices over recent months. The company has been hit bu a $90million one-off charge for the firm’s discontinued Octabuoy and hill and topside module project.