“This is a fundamental shift in our approach towards gas procurement, but we believe that this is necessary to create a more stable and secure power system that will ultimately benefit the consumers and also the gencos themselves,” he explained.
The companies have agreed to aim to reach a definitive agreement by the end of December. If agreed, this would trigger a final investment decision (FID) on Mako.
Seatrium is a combination of “sea” and “atrium”. The company had generated more than 1,000 names and whittled it down through a legal and linguistic screening.
Singapore yard Keppel Offshore & Marine (Keppel O&M) is terminating jack-up rig construction contracts signed with an affiliate of Clearwater Capital Partners, and Fecon International, in October 2013 and February 2014, respectively. Significantly, the yard will keep the drilling units and is exploring the sale and charter of the rigs.
Chiyoda, Mitsubishi, and Sembcorp Industries, have signed a memorandum of understanding to explore the feasibility of setting up a hydrogen supply chain in Singapore.
Singapore’s Sembcorp Marine will carry out front-end engineering design (FEED) work for the floating production, storage and offloading (FPSO) facility that will form part of Santos’ Dorado development offshore Australia.
It might seem contradictory to invest in carbon-emitting polluters while pledging to be an eco-trailblazer, but that’s exactly what Singapore state investor Temasek Holdings, which owns shares in two of the world’s largest rig builders, is attempting to do.
Equinor said today there was no single “event” that could have directly caused the welding issues found on the hull of its Johan Castberg production vessel.
Singapore’s Energy Market Authority (EMA) has awarded ExxonMobil and Sembcorp Fuels the right to import liquefied natural gas (LNG) as pipeline supplies dwindle.
Work has restarted in Singapore on a vessel for Energean that is due to begin producing gas off Israel in 2021.
The design for the Cambo field, west of Shetland, will take some of the sting out of a problem that has “held back” production from the area for decades, an oil company chief said.
Siccar Point Energy has handed out a contract for the front end design of a production vessel for the 800-million barrel Cambo project, north-west of Shetland.
Sembcorp Marine today confirmed it would build the floating production unit for Shell's Vito field in the US Gulf of Mexico.
Singapore's Sembcorp Marine shipyard will build the floating production, storage and offloading vessel for the Energean-operated Karish and Tanin fields in the Mediterranean.
Aker Solutions won a contract from Sembcorp Marine to design the living quarters for the Johan Castberg development's floating production, storage and offloading vessel (FPSO).
Shell has picked Sembcorp Marine to build the hull and topsides of a vessel destined for the Gulf of Mexico.
Statoil has awarded Sembcorp Marine in Singapore the £375million contract to build the hull and integrated living quarters for the vessel which will serve the Johan Castberg field in the Barents Sea.
Energy Voice has captured exclusive footage of the construction of the floating storage and offloading (FSO) unit for Maersk’s North Sea Culzean field.
Sembcorp has posted a 48% drop in its quarterly profit as orders dry up and projects get delayed amid the oil price decline.
Lucrative contracts to develop Maersk's giant $4.5billion Culzean gas field were revealed today with Singapore-based shipyard Sembcorp the latest to announce a $1billion agreement to build the topsides for the North Sea mega-development.