KUALA LUMPUR–Yinson Holdings Bhd. (7293.KU) has received a $737.3 million contract to lease a floating production, storage and offloading facility to the Lam Son offshore project in Vietnam, a company statement said Monday.
The floating production facility is expected to be delivered next year and revenue contribution from this project will be “positive” from January 2015, the statement said.
Lam Son is a 50-50 joint venture between Malaysia’s Petroliam Nasional Bhd. and PetroVietnam Oil and Gas Group.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 109,246 members that receive our newsletter.
Have a news tip? Let us know.
The U.S. Department of the Interior has announced a substantial offshore wind energy lease sale set for October 29, 2024. The sale will cover eight areas off the coasts of...
(Bloomberg) — The price to rent a deepwater drilling rig may climb to near record levels if demand from oil companies continues to increase in the coming years, according to the head...
Equinor’s floating production, storage and offloading vessel (FPSO) for the Johan Castberg field has been successfully anchored in the Barents Sea, marking a significant milestone in Norway’s offshore oil industry....
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
Sign Up
Maritime and offshore news trusted by our 109,246 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
