Aker Energy suspended the project until further notice in view of the uncertain, volatile and low oil price environment presently, and has yet to set a date for the project to resume.
KUALA LUMPUR (Apr 2): Yinson Holdings Bhd announced the cancellation of a long-term floating production storage offloading (FPSO) vessel charter job in Ghana valued at over US$2 billion ($2.9 billion).
The termination of the FPSO Pecan project by client Aker Energy Ghana Ltd came less than two months after a letter of intent (LoI) was awarded to Yinson in February.
