July 19th, 20190John Fredriksen's Seadrill has been awarded a new contract for 2010-built drillship . The contract, with an unnamed client, is for the drilling of nine wells off West Africa with three two-well options. Commencing in the fourth quarter of 2019, and running for a period of a year, the total contract value excluding options is...
July 18th, 20190Seadrill Partners has secured a one-well contract for 2008-built drillship from PC Gabon Upstream. The one-well contract is for drilling offshore Gabon, with commencement expected in September 2019. The contract, worth around $22m excluding mobilisation fees, will run through to the end of 2019.
July 1st, 20190Frontline has deployed the LR2 Front Vega to complete a ship-to-ship transfer (STS) of the naphtha cargo onboard the damaged . The two ships are currently alongside each other off Fujairah, according to the latest satellite data from MarineTraffic with the operation to move the 75,000 tonnes of naptha likely to be concluded later...
June 20th, 20190John Fredriksen’s Frontline has added three vessels to its fleet moving in on a Korean-built VLCC resale and ordering a pair of LR2s in China. The Norwegian company has acquired a scrubber-equipped VLCC resale under construction at Hyundai Samho Heavy Industries for $92.5m, with delivery expected in May 2020. Frontline did not...
June 18th, 20190Seadrill Partners has secured a one-well contract with Kosmos Energy Gulf for 2011-built semi-submersible rig in the US Gulf of Mexico. The contract is scheduled to commence in the fourth quarter of 2019 and is worth around $10m. West Capricorn has just come off a long-term contract with BP in the Gulf of Mexico....
June 7th, 20190John Fredriksen’s Flex LNG has been tipped by brokers to be behind orders for another pair of LNG carriers worth a total of $380m, due for delivery from Samsung Heavy Industries in mid-2022. The Korean yard revealed the order in a release without naming the owner, merely stating the company is based in Bermuda. This would represent...
May 31st, 20190John Fredriksen’s Flex LNG will proceed with a direct listing on the New York Stock Exchange (NYSE) next month, having been scrutinised and given the all clear by the US Securities and Exchange Commission (SEC). The company’s shares will be traded on both the NYSE and the Oslo Stock Exchange under the ticker FLNG. “With the...
May 30th, 20190Norwegian shipping tycoon John Fredriksen has started a new round of tanker fleet expansion with a newbuilding program in China that could see a total outlay in the region of $564m if all options are declared. Shipbroking sources told Splash that Seatankers Management has placed an order at Shanghai Waigaoqiao Shipbuilding (SWS) for...
May 8th, 20190John Fredriksen’s Flex LNG has moved a step closer to listing on the New York Stock Exchange, having publicly filed a registration statement on Form 20-F with the US Securities and Exchange Commission. As announced last month, Flex LNG is going down the route of a direct listing and no new securities will be issued. The NYSE...
May 8th, 20190Brokers Intermodal report in their latest weekly report that John Fredriksen’s Frontline has been in resales mode, bagging a Korean suezmax. Frontline has reportedly paid Active Shipping $66m for a 158,400 dwt tanker, Nordic Breeze, due for delivery next year from Hyundai Samho. VesselsValue lists current suezmax newbuild prices at...
