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.
Jasminia, a semi-submersible accommodation vessel owned by Prosafe, will remain offshore Mexico under contract by Cotemar Group until the end of 2015 according to an emailed statement today from Prosafe. Jasminia is currently operating with other Prosafe units at the Cantarell field.
The contract value is approximately USD 32.7 million.
In Prosafe’s Q3 financial report, they note that their quarterly profit of USD 90.4 million was the highest ever in Prosafe’s history owing mainly to higher utilization rates and higher day rates for their vessels.
In addition, they note that an LOI was signed with COSCO (Qidong) Offshore Co., Ltd. for the Engineering, Procurement and Construction of two semi-submersible accommodation vessels, with options for four additional units. The vessels will be of the GustoMSC Ocean 500 design and will be equipped with 500 beds, DP3 station keeping systems, 10-point chain mooring and 300 tonne cranes.
Prosafe notes that the total cost per unit will be around USD $200 million.
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