As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

Think Investing as Tug of War - Read more? Click and scroll down



Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Thursday, 26 September 2013

Floatel newbuild for Ichthys

UpStream

Floatel International has secured a contract to deploy its latest newbuild accommodation and construction support vessel at the Ichthys LNG project in Australia.

The Swedish contractor intends to deploy the Floatel Triumph harsh-environment semi-submersible unit, ordered last month at Singapore yard Keppel Fels for $280 million, for work at the Inpex-operated scheme.

However, Floatel did not disclose details about the value or duration of the charter deal with the Japanese operator that is developing the Icthys gas field, located about 220 kilometres off the north-west coast of Western Australia.

The Floatel Triumph, due for delivery in December 2015, is a DP3 vessel with accommodation capacity for 500 people.

It is fifth newbuild to be ordered by Floatel with two sister units, Floatel Victory and Floatel Endurance, currently being built at Keppel Fels and scheduled for delivery in November this year and January 2015, respectively.

Floatel Victory is lined up for work both at Chevron’s Jack-St Malo field in the Gulf of Mexico and BP’s Clair Ridge field West of Shetland, with the latter contract due to start in June 2015.

Floatel Endurance has been signed up by Clough Projects Australia to work on the Wheatstone project on the North West Shelf, starting in the first quarter of 2015.

Two existing units, Floatel Superior and Floatel Reliance, are working for Statoil off Norway and Petrobras off Brazil, respectively.


No comments:

Post a Comment

Related Posts with Thumbnails