Trump’s Return to OPEC Politics Muddies Oil Talks Next Month
US President Donald Trump has raised the stakes for a meeting of an OPEC+ ministerial panel next month, with his call for the group to lower oil prices.
The order is worth over £12 million (US $18.9m) to Rolls-Royce with additional options to construct a further four vessels of the same type.
YK Tang, Director of PaxOcean Group Marketing, added: “We are very happy to build on our good relationship with Rolls-Royce and pleased to construct this leading design in diesel-electric offshore vessels. Our in-house PaxOcean Engineering Design team is also very pleased with the close collaboration with Rolls-Royce.”
Ronny PÃ¥l Kvalsvik, Rolls-Royce, Sales Manager – Ship Technology Offshore, said: “These vessels combine a proven Rolls-Royce ship design, integrated with a range of mission-critical onboard technology, enabling safe and efficient operation in the challenging environments of oil and gas fields. We look forward to working closely with PaxOcean throughout the construction of these advanced vessels.”
The UT 755 CD is a development of the popular UT 755 series. The vessels will be built at PaxOcean Engineering’s offshore vessel shipyard in Zhuhai, China, with delivery due in 2012.
Since the first UT 755 was delivered in 1996, more than 170 vessels of this design have gone into service or are on order worldwide. The latest models feature increasingly efficient hull designs and diesel electric propulsion technology, which minimise the impact on the environment and improve the comfort and safety of the crew.
In total, more than 650 Rolls-Royce designed UT vessels are in service around the world.
[Photo: Rolls-Royce UT776 design courtesy of Rolls-Royce]
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