Killajoules

INPEX Launches Hull of Floating Production, Storage and Offloading (FPSO) Facility for Ichthys LNG Project
INPEX CORPORATION (INPEX) announced today it launched the hull of the floating production, storage and offloading (FPSO) facility for the INPEX-operated Ichthys LNG Project from the dry dock at the Daewoo Shipbuilding and Marine Engineering (DSME) shipyard in Okpo, South Korea.

Petronas’ Floating LNG Facility Construction Achieves Another Milestone
The keel laying process for PETRONAS’ first floating liquefied natural gas facility (PFLNG 1) has commenced this week, marking another significant milestone in the construction of the facility at the Daewoo Shipbuilding & Marine Engineering (DSME) shipyard in Okpo, South Korea.

Maersk Drilling orders new ultra harsh jack-up backed by BP contract
Maersk Drilling has ordered a new ultra harsh environment jack-up rig, XL Enhanced 4, to be built at the Daewoo Shipbuilding and Marine Engineering (DSME) shipyard in South Korea. The rig is scheduled for delivery in mid-2016. The total project cost for the rig is USD 650m including a turnkey contract with the yard, owner furnished equipment, project management and capitalised interest. The contract with DSME includes priced options for delivery of up to two additional units with delivery in 2016/2017.

Petronas Holds Steel Cutting Ceremony For Floating LNG Facility
A steel cutting ceremony for the hull of PETRONAS’ first Floating Liquefied Natural Gas (FLNG) facility was held yesterday at the Daewoo Shipbuilding & Marine Engineering (DSME) shipyard in Okpo, South Korea.

Contract for Dagny topsides awarded
Statoil and its partners Total and Det norske have awarded DSME a contract to build the topsides for the Dagny platform, with Aker Solutions as a major sub-contractor. The total contract value is estimated to NOK 6.1 billion.

Teekay LNG Partners Orders Two LNG Newbuildings; Intends to Charter on Long-Term Contracts
Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (NYSE:TGP) today announced that it has entered into an agreement with Daewoo Shipbuilding & Marine Engineering CO., LTD., (DSME) of South Korea for the construction of two 173,400 cubic meter Liquefied Natural Gas (LNG) carrier newbuildings, with options to order up to three additional vessels. The Partnership intends to secure long-term contract employment for both vessels prior to their delivery in the first half of 2016. The newbuildings will be constructed with M-type, Electronically Controlled, Gas Injection (MEGI) twin engines, which are expected to be significantly more fuel-efficient and have lower emission levels than other engines currently being utilized in LNG shipping.

FLNG Pre-FEED Complete Successfully
Delek Group gas subsidiaries announced that the Pre-FEED stage of Tamar and Dalit floating liquefied natural gas project (FLNG) has now been successfully complete. Therefore, the Tamar partners decided to begin the second phase - FEED. LNG production is expected to be up to 3 MMTPA. In accordance to that, Daewoo Shipbuilding & Marine Engineering Co. Ltd. (DSME) signed an agreement with Levant LNG Marketing and Pangea LNG BV for the completion of the FEED stage. DSME will carry out the costs of FEED and Tamar partners will contribute a total amount of $15 million (100%). The agreement has been set for two years, or until the date of the final investment decision of the FLNG project, whichever is earlier.

Ezra Holdings Limited subsea arm EMAS AMC scores Korean double contract win worth close to US$200 million
Ezra Holdings Limited (“Ezra” or “the Group”), a leading global offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry, today announced that it has secured two contracts with major South Korean clients worth a combined total of approximately US$200 million.

DSME Cuts Steel for Excelerate Energy’s VT3 Project
On September 14, 2012, DSME held a steel cutting ceremony for Excelerate Energy’s LNG regasification vessel Hull No. 2402, signifying the commencement of the construction process for the vessel. This vessel will ultimately provide service to Petrobras under long-term charter for its VT3 project in Guanabara Bay, Brazil, and is expected to be operational in the first half of 2014.

Excelerate Energy Enters Into a Shipbuilding Option Agreement with DSME for Eight New FSRUs
Excelerate Energy today announced it has entered into a shipbuilding option agreement with Daewoo Shipbuilding and Marine Engineering (DSME) for the delivery of up to eight Floating Storage and Regasification Units (FSRUs) between early 2015 and early 2017. The agreement affords Excelerate, the world’s largest operator of regasification vessels and developer of LNG import solutions, the ability to increase its fleet of nine FSRUs as global demand for LNG import solutions continues to expand rapidly.