Ocean Yield ASA : Updates on gas carriers under construction at Sinopacific . Construction of vessel no. 1 is going according to plan and vessel is expected to be delivered towards end of October 2016 . Vessel no. 1 will thereafter enter into its long term charter with Hartmann/Sabic . For vessel no. 2, Sumec Marine Co. Ltd., will finance and finalise construction of vessel at Dayang Shipyard . Expected delivery date for vessel no. 2 will be July 1, 2017 . For vessel no. 3 it has been agreed, in collaboration with Hartmann/Sabic, that this vessel is cancelled . $16.2 million paid in pre-delivery instalments to shipyard for vessel no. 3 shall be repaid with 5 pct interest upon cancellation of shipbuilding contract .Says cancellation is not expected to have any material accounting effect in Q4.
Dof ASA : In Norway Statoil has extended the contract for Skandi Mongstad with one year from Oct. 2016 . In Argentina Total Austral has extended the contract for Skandi Møgster with 6 months from Oct. 2016 . In Canada the contract for Skandi Flora has been extended with one well with estimated duration of 6 months .Assumed average EBITDA/day from the above contracts is about 40,000 - 45,000 Norwegian crowns ($5,000 - $5,600) per vessel.
Lamprell Plc : Contract award . Works are scheduled to complete in Q2 2018. Master marine is a new client for group. This contract is valued at approximately us$ 90 million . Has received a new contract award from Jacktel AS, a wholly owned subsidiary of Master Marine AS . Contract for upgrade of mobile operating unit "Haven" as an accommodation service vessel for Statoil "Johan Sverdrup" field, offshore Norway .Scope of works includes procurement, construction and installation of extended legs and new suction caissons.
Polarcus Ltd : Awarded XArray project in Europe .Project is due to commence in Q4 2016 and will run for about one month.
Spectrum ASA : Commences 1,800 square kilometer multi client 3D seismic survey offshore Norway in Western Barents Sea . Survey is acquired in partnership with BGP .Final PreSTM Broadband dataset and offset volumes will be available during Q2 2017, ahead of 24th Norwegian licensing round in 2017.
Polarcus Ltd : Has been awarded broadband 3D project in Australasia .Project is due to commence in Q4 and will run for about one month.
Sapurakencana Petroleum Bhd : Sapurakencana tl offshore has been awarded contracts with a combined value of approximately USD65.3 million . Deal expected to contribute positively towards earnings for the financial year ending 31 January 2017 .
Sino Geophysical Co Ltd <300191.SZ>: Says it to invest $2 million to set up a wholly owned subsidiary Sinogeo Seismic Service Ltd and says the new unit with registered capital of $50,000 . Says the new subsidiary to set up a jv named Sinogeo Seismic Service (HK) Ltd, with Challenger Energy Ltd .Says unit's jv with registered capital of HK$10,000 and the unit to hold 60 percent stake in it.
Mcdermott International Inc : Says five-year agreement aims to increase local content for projects in Qatar . Says N-Kom serves as subcontractor and performs fabrication . Mcdermott and Nakilat-Keppel Offshore Marine enter exclusive cooperation agreement in Qatar .Will serve as prime contractor to customers, lead engineering with teams based in Dubai and global engineering center in Chennai, India.
Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Ltd <1938.HK>: Business update: price agreement for supplying 40,000 tonnes steel pipes to Petronas <1938.HK> . Awarded price agreement to supply about 40,000 tonnes of steel pipes for 2 years .