DYNA MAC: Leader in FPSO and future of green hydrogen and renewable energy

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04 Apr 2021 13:14 #25675 by Sharpshooter
ExxonMobil could install as many as 10 floating production, storage and offloading vessels, or FPSOs, at the Stabroek block off the coast of Guyana, the company's manager for deepwater projects


We expect to have five FPSOs in operation in Guyana by 2026 and see the potential for a total of seven to 10 FPSOs," ExxonMobil's Jayme Meier told the Rio Oil & Gas 2020 digital conference.

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05 Apr 2021 08:55 #25676 by Sharpshooter
Santos has awarded a $4.6bn contract to BW Offshore to supply the floating production, storage, and offloading (FPSO) vessel for the $3.6bn Barossa offshore gas and condensate project in Australia

BW Offshore plans to build the FPSO in South Korea and Singapore. The processed natural gas from the FPSO will be exported to the Darwin LNG plant via the Darwin pipeline system.

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27 May 2021 14:52 - 27 May 2021 14:53 #25755 by Sharpshooter
Dyna-Mac Holdings has secured a fabrication project from BW Offshore group for a total estimated contract value of $197 million on May 24.  

BW Offshore group is a repeat customer of the group.  The contract, which was signed by a wholly-owned subsidiary of the BW Offshore group, is for the supply, fabrication and construction of Topside Modules for the Barossa Floating Production Storage Offloading (FPSO) vessel.


The win brings Dyna-Mac’s order book to $368 million to-date, with deliveries up to 2023.
Last edit: 27 May 2021 14:53 by Sharpshooter.

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27 May 2021 20:17 #25756 by Sharpshooter
Look out for privatisations in small-cap space, says CGS-CIMB



Dyna-Mac Holdings, which fabricates topside modules for the oil and gas industry, has also attracted the analysts' interest with its rising order book of S$227 million as at November last year.



The company also announced that it would reposition its business to pursue opportunities in the global green hydrogen market, which is adjacent to its core capabilities.

"In conjunction with this, (Dyna-Mac) is currently evaluating the need to expand its yard facilities to fulfil potential demand by increasing its production capacity, maximising operational synergies and to undertake new green hydrogen projects," said the analysts, adding that the counter trades at historical P/BV of 3.2 times

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31 May 2021 15:37 #25757 by Sharpshooter
KIM HENG OFFSHORE IN PLAY NOW

DESPITE A HEFTY HALF YEAR LOSS REPORTED ...



DYNA MAC WITH TEMASEK HOLDINGS / KEPPEL CORP BACKING.. IS IN A BETTER SHAPE AND BETTER ORDERBOOK

IT SHOULD SHOOT UP SOON

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03 Jun 2021 09:09 #25758 by Sharpshooter
CRUDE OIL SURGES TO MORE THAN 2 YEAR HIGH

WTI CRUDE HIT USD 69

BRENT CRUDE HIT USD 71.50

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