Bumi Armada Signs Maltese Floating LNG Storage Contract

Malaysian offshore oil & gas services provider, Bumi Armada Bhd has signed agreements this week with ElectroGas Malta Ltd whereby they will convert an existing LNG carrier into a floating LNG storage unit and then operate it from a new terminal at Delimara, Malta.   The natural gas will supply an existing 149MW power plant, which will be converted to operate on gas, and … [Read more...]

Bumi Armada’s CEO to Step Down

Malaysian FPSO and OSV conglomerate Bumi Armada says their CEO Mr Hassan Basma has requested an early release of his contract of employment according to a statement today by the company, citing family reasons. The Board of Directors has agreed to Mr Basma’s request and accordingly, Mr Basma will relinquish his positions as CEO and Executive Director of the Company, with … [Read more...]

Keppel Wins Kraken FPSO Conversion Deal

Keppel Shipyard announced today it will be converting a newly-built, 600,000 bbl ice-class FPSO for Bumi Armada as part of the FSPO Armada Kraken project which was announced near the end of December 2013. The FPSO will be moored by a buoy turret mooring system with a fluid transfer system designed to 390 bars pressure. A total of 16 risers will be connected to the buoy … [Read more...]

ENI in Talks With Bumi Armada for New FPSO

A consortium consisting of Malaysian offshore oil services company, Bumi Armada Bhd and Angoil Bumi JV Limitada1 has received a Letter of Intent from ENI S.p.A for the chartering, operation and maintenance of a new floating production, storage and offloading vessel (FPSO) at Block 15/06, East Hub offshore Angola. The value of the contract is approximately USD $2.9 billion … [Read more...]

Bumi Armada Extended Offshore Nigeria with $381 Million Contract

KUALA LUMPUR, Feb 19 (Reuters) - Malaysian oil field services firm Bumi Armada Bhd said it has secured $381 million worth of contract extensions for its floating production, storage and offloading (FPSO) vessel in the Oyo field located offshore Nigeria. Bumi Armada said its subsidiaries signed two contracts with Oceanic Consultants Nigeria to continue chartering the FPSO and … [Read more...]