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Posts Tagged ‘offshore’
Offshore ASP.NET Application Development Services Posted By : Davidjones035
December 21st, 2009 |
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Swiber wins 2 contracts valued at as much as $114m for offshore support vessels
December 14th, 2009 |
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Swiber Holdings, the integrated construction and support services provider to the offshore oil and gas industry, says it has won from major oil companies in South East Asia to provide offshore support vessels.
One contract will last for five months and the other will last for two years with options to extend annually for up to five years. The value of the contracts is expected to range between US$31.4 million ($43.7 million) and US$81.9 million if all the three annual options are exercised.
C2O forge ties with China Offshore Oil Engineering Co.
December 10th, 2009 |
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COOEC, a subsidiary of China National Offshore Oil Corporation (CNOOC), one of the largest EPCI contractors for offshore oil & gas industry in the Asia Pacific area, have appointed C2O Marine Pte, a wholly-owned subsidiary of C2O Holdings, to assist COOEC in seeking opportunities for its range of equipment and services in the Middle East.
Keppel wins $160m offshore marine contracts
December 10th, 2009 |
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Keppel Offshore & Marine, a unit of Keppel Corp (KPLM.SI), said on Thursday it has secured three contracts worth a total $160 million.
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Berlian Laju rises 5% on positive news of offshore JV
December 10th, 2009 |
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Stocks of Berlian Laju Tanker (B66.SG) are heading higher as the market digests news of expansion into a new business area.
At 10:43 a.m., its shares were up 5% at 10.5 cents with order book quotes tipping near-term resistance at 11 cents, says CIMB.
The liquid bulk cargo shipper announced yesterday it was planning to establish joint venture with Miclyn Express Offshore (MEO) to move into Indonesian offshore support vessel market.
PT Berlian Laju Tanker forms JV to tap offshore support vessel sector in Indonesia
December 9th, 2009 |
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PT Berlian Laju Tanker Tbk (BLT), the third largest chemical tanker operator in the world, is moving into the Indonesian offshore support vessel market in a joint venture (JV) with Miclyn Express Offshore (MEO).
With a 50% stake in the proposed JV company named PT BLT Miclyn Offshore (PT BMO), BLT will make a foray into the Indonesian offshore support vessel market that has an estimated market size of US$200–250 million ($279–348 million) in revenues.
SBI Offshore posts 68% rise in 1H profit to $1.8m
December 8th, 2009 |
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Catalist-traded SBI Offshore, the engineering specialist in the marine and offshore industry, says profit rose by about 67.7%, from about US$0.8 million ($1.1 million) for the first six months ended 30 June 2008 (1H2008) to about US$1.3 million for the first six months ended 30 June 2009 (1H2009), generated by strong sales orders and higher commission revenue, which lifted the group’s revenue by about 68.7%, from about US$3.5 million in 1H2008 to about US$6 million in 1H2009.
Dec 7: Biosensors, CH Offshore, City Devs, Keppel
December 7th, 2009 |
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The following companies may have unusual price changes in trading, say Bloomberg and Thomson Reuters. Share prices are from the previous close. Singapore’s Straits Times Index dropped 0.6% to 2,791.01 last Friday.
US stocks advanced last Friday as data showed the economy shed far fewer jobs than expected last month, brightening the outlook for the economy and profits.
Bulk carriers: The Baltic Dry Index, which measures the cost of shipping commodities, gained 1.1% in London Dec. 4, taking gains in the past three days to 7.1%. Cosco Corp. Singapore (COS SP), a China-based shipbuilder that also operates bulk carriers, fell 1.8% to $1.07. Mercator Lines Singapore (MRLN SP), an Indian bulk carrier, was unchanged at 30.5 cents. STX Pan Ocean Co. (STX SP), South Korea’s biggest bulk carrier, slipped 1.8% to $13.44.
CH Offshore clinches 4 charter deals worth $35.4m
December 4th, 2009 |
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CH Offshore says the company has entered into the following charters with third parties:
- A two-year extension of time charter of one 5,000bhp (brake horse power) anchor-handling tug/supply vessel;
- A 699-day time charter of one 5,400bhp anchor-handling tug/supply vessel;
- A 14-month extension of time charter of one 4,826bhp anchor-handling tug/supply vessel; and
- A 275-day extension of two bareboat charters of two 12,240bhp anchor-handling tug/supply vessels, with the option for further extension.
The total gross contract value for the charters is US$25.6 million ($35.4 million).
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Swiber secures Myanmar offshore installation project worth $107m
November 25th, 2009 |
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Swiber Holdings, the provider of offshore offshore engineering and marine support services for the oil and gas industry, says that it has signed a Letter of Award with a Myanmar oil and gas company for a contract worth US$77 million ($106.5 million).
Under the deal, Swiber will install gas pipelines totalling 150km in length. The six-month project is expected to start in the 1st quarter of 2010 with the date of completion targeted for the 2nd quarter of 2010. Preparation work will begin in December.
Federal International unit bags $8.3m contract to install manifold skids on offshore platform
November 24th, 2009 |
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Federal International (2000) says its 100%-owned subsidiary Alton International (S) has won a contract of about US$6 million ($8.3 million) to install compact manifold skids on the Te Gaic Trang (TGT) Field Offshore Platform project in Vietnam.
Federal International (2000) is an engineering and procurement specialist in the energy sector.
Otto Marine unit wins $14m contract to gather offshore seismic data in New Zealand
November 20th, 2009 |
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Otto Marine, the offshore marine company which specialises in building complex, deeper water offshore support vessels and ship chartering, says its subsidiary Reflect Geophysical has won a US$10 million ($13.9 million) to gather offshore seismic information by Crown Minerals, the arm of the Ministry of Economic Development of New Zealand that manages the oil, gas, mineral and coal resources.
Offshore Outsourcing on Rise for Small and Midsize Companies in 2009
September 30th, 2009 |
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Large enterprises remain flat on offshore services for 2009, says a new Computer Economics report. Could financial fraud scandals that plagued companies such as Satyam in India have had any effect?
– Perhaps more telling than the rise of small and midsize
companies’ use of outsourcing is that the levels for large companies remain
essentially the same, says a new report by Computer Economics.
Small and midsize companies’ use of offshore outsourcing services grew 10
percent from 2008 to 2009. …
US tax amnesty deadline on offshore accounts prompts rush
September 20th, 2009 |
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Americans with offshore bank accounts were scrambling ahead of an amnesty deadline Wednesday to square up back taxes and avoid a likely wave of prosecutions following a disclosure agreement with Swiss bank UBS. US authorities are moving to crack down on overseas accounts for tax evasion, as
Offshore Software Outsourcing in India Posted By : Jati Seo
August 6th, 2009 |
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Indian Software Development companies normally hire professional software developers. These companies take up the outsourced work use benefits like extra perks, medical insurance and general insurance to retain their software developers. Many software developers who seek “change” do leave their company in search of better exposure to new technology, handling bigger teams. In such cases the software developers leave instead of best efforts from their current company. No company can ever retain al
Risks of Offshore Outsourcing
August 4th, 2009 |
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There is a significant rise of 20-25 % per annum in the offshore outsourcing. The careful evaluation of the geopolitical risk is reduced to insignificant level as most of the technical issues are readily solved by offshore outsourcing. However, that does not mean that you do not think over the risks that you might need [...]
How to Find Best Software Outsourcing Development Firm in India? Posted By : Paavan Solanki
July 28th, 2009 |
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Offshore Outsourcing to India, the concept is growing tremendously over the last 10 years. It is benefiting the western countries in cost cutting along with effective work.
Software Development Outsourcing Posted By : Corey Tyler
July 27th, 2009 |
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The ‘Offshore software development outsourcing’ has escorted to vast industry expansion around the world. The Outsourcing Software development requires undergoing a gradual procedure previous to it being accessible for a wide-ranging use to influence best business practices at the bare minimum price.