I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!


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Saturday, 16 February 2013

Pemex' plans in a newbuilding programme



Monday, 11 Feb 2013
 
Mexican State-owned oil company Petroleos Mexicanos (Pemex), plans to add between eight and twelve offshore platforms to its fleet in a major newbuilding programme.

The programme will make Pemex the world’s largest operator of jack-up, or self-elevating, and modular rigs, said Pemex chief executive officer Mr Emilio Lozoya Austin. Lozoya Austin discussed Pemex’s plans during a visit to Singapore-based yard Keppel FELS, which is building two jack-up drilling rigs which will be used in the shallow waters of the Gulf of Mexico in the first half of 2015. “Pemex is in the middle of the most ambitious drilling programme in decades,” Lozoya Austin said.

News source: offshore energy.com Today

PEMA Welding Automation has been appointed by a world leading rig builder Keppel FELS to implement the latest in modern welding automation system for their production facilities. The solution is first-of-its-kind enabling Keppel FELS to have the world’s most technologically advanced panel line and supportive micro panel line for manufacturing the oil rigs.

Having successfully delivered almost half of the world’s new-build jack-up rigs and a third of the semisubmersibles in the past decade, Keppel FELS productivity and capabilities will be significantly increased with the new panel line.

These solutions are unique especially for rig building. Delivery will consist of an extensive flat panel line with several highly advanced systems and a supporting micro panel line. They can be further upgraded with robotic solutions to improve the productivity of the yard. A feat of the installation is that it will be performed while production continues on the side. PEMA welding stations and portals will use the latest welding technology from Lincoln Electric for superior welding quality and reliability.

Pemamek will also provide Keppel with a local service support to ensure smooth production and minimizing the downtime. Annual service and maintenance contract will be also applied for this project.

”We chose Pema as our partner for their proven technology and ability to deliver the right solutions to meet our needs. Through close collaboration, we have identified ways to significantly increase our productivity, reduce costs in the long run and upgrade our facilities. PEMA are the thought leaders in what they do and we are pleased that they have presented creative new solutions to enhance our operations,” says NG, Seng Chong, Assistant Shipyard Manager.

This contract is already a second between Keppel and Pemamek in a year: Keppel Offshore & Marine’s new yard in Baku, Azerbaijan also acquired a panel line system in early 2012. Keppel’s Baku Shipyards focus on building tankers, OSV’s and ship repair.

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