Latest News

Latest News

COVID-19 Update Supermec - May 2020

May 06, 2020

May 2020 Update Together with the rest of Singapore, Supermec has undertaken various measures to protect the safety of our customers, staff and as well as for the country. Following the latest Singapore’s government COVID-19 measures that are currently in place, which means that all non-essential businesses need to stop operations or if possible, operate remotely. While our staff will not be physically in the office at this current time and till further ... Read More

McDermott files for Chapter 11 bankruptcy to eliminate $4.6 billion of debt

Jan 22, 2020

OffShore Energy Today U.S. engineering and construction services company McDermott has informed that it has the support of more than two-thirds of all its funded debt creditors for a restructuring transaction that will equitize nearly all the company’s funded debt, eliminating over $4.6 billion of debt. Offshore Energy Today reported on Monday that McDermott could be filing for bankruptcy over the course of this week. McDermott said on Tuesday that the rest... Read More

First Liza FPSO arrives offshore Guyana

Sep 02, 2019

After a 42-day journey from Singapore, the FPSO Liza Destiny has arrived at the Stabroek block offshore Guyana, according to Hess Corp.After clearing customs, hookup and installation of the FPSO will begin.The Liza Destiny, Guyana’s first oil production vessel, is designed to produce up to 120,000 b/d. The Liza Phase 1 development is on track for startup by 1Q 2020. Phase 1 includes the FPSO and four subsea drill centers with 17 production wells. ExxonMobil ... Read More

Kuwait seeks $2.6bn loan for LNG terminal

May 31, 2018

MEED State-owned operator will use the money raised to develop the project in the Al-Zour master development. The Kuwait Integrated Petroleum Industries Company (KIPIC) is looking to borrow up to $2.6bn from banks and export credit agencies to build its planned liquefied natural gas (LNG) import terminal in Kuwait, according to a report. State-owned Kuwait Petroleum Corporation’s subsidiary KIPIC will use the money raised to develop the terminal at Kuwait... Read More

Qatar Petroleum to build world-scale petrochemicals complex

May 31, 2018

Tank Storage Magazine Qatar Petroleum has announced plans to build a world-scale petrochemical complex, with the largest ethane cracker in the Middle East. The company has invited a group of leading international companies to submit proposals for the development and operation of a new complex with Qatar Petroleum at Ras Laffan Industrial City. The complex will include an ethane cracker with a capacity of more than 1.6 million tonnes per annum of ethylene – ... Read More