Aban Abraham Pte. Ltd.
- Ship Owners
Aban Abraham Pte. Ltd. is a company significantly associated with the offshore oil and gas industry. It is a subsidiary of Aban Offshore Limited, which is one of India's largest offshore drilling services providers. The company operates platforms, drillships, and other types of offshore rigs to support exploration and production activities in the oil and natural gas sectors.
Key Points:
Parent Company - Aban Offshore Limited:
- Founded: 1986
- Headquarters: Chennai, India
- Operations: Provides offshore drilling services to companies primarily engaged in oil and gas exploration and production.
- Fleet: Includes rigs, drillships, jack-up rigs, and Floating Production Systems (FPS).
Aban Abraham Pte. Ltd.:
- Role: Plays a significant role in the management and operation of offshore drilling units.
- Asset: Notably known for managing the drillship "Aban Abraham", which has been instrumental in various offshore drilling projects in different parts of the world.
- Expertise: Specializes in deep-water drilling services.
Services Provided:
- Offshore Drilling: Conducts exploration and production drilling in offshore locations.
- Engineering Services: Offers design, engineering, and modification services for offshore drilling units.
- Operations & Maintenance: Provides operational and maintenance services to ensure optimal performance of offshore rigs.
Market:
- Aban Abraham Pte. Ltd. operates globally in various geographies, including but not limited to the Middle East, Southeast Asia, and Western Africa.
- The company serves major oil companies, including National Oil Companies (NOCs) and international firms.
Industry Challenges and Adaptations:
- Like many in the oil and gas industry, the company is subject to the cyclical nature of the industry, fluctuating oil prices, and evolving regulatory requirements.
- The company continues to adapt to industry changes by focusing on safety, efficiency, and technological advancements in drilling operations.
Financial Health and Performance:
Being a subsidiary, detailed financial metrics specific to Aban Abraham Pte. Ltd. might not always be independently reported; rather, they are consolidated within Aban Offshore Limited's financial statements. However, the performance of its operations contributes significantly to the parent company's overall valuation and market performance.
Innovation and Sustainability:
- Technological Integration: Embraces new technologies to enhance drilling efficiency and reduce environmental impact.
- Sustainability Practices: Focuses on adhering to environmental regulations and engaging in sustainable practices to mitigate adverse environmental impacts.
Conclusion:
Aban Abraham Pte. Ltd., as a key subsidiary of Aban Offshore Limited, contributes significantly to the offshore drilling sector, leveraging technical expertise, a robust fleet, and comprehensive service offerings to meet the needs of the global oil and gas industry.
For specific updates or detailed information about their current operations, it would be advisable to check their official communications or industry reports.
Ships
ABAN ABRAHAM
Ship-shaped Drilling Unit | Flag: Bahamas | Port: NASSAU
Maritime News
Maersk, Hapag-Lloyd: No immediate return to Red Sea
Two of the world's top shipping companies, Maersk and Hapag-Lloyd, said on Thursday they did not see an immediate return to Red Sea after the ceasefire between Hamas and Israel was announced.Both companies said they would be closely monitoring the situation in the Middle East and would return to the Red Sea once it was safe to do so."The agreement has only just been reached. We will closely analyze the latest developments and their impact on the security situation in the Red Sea," a Hapag-Lloyd spokesperson told Reuters."It is still too early to speculate about timing," a Maersk spokesperson said.
What Keeps Business Leaders Awake at Night?
Cyber, business interruption and natural catastrophes are the risks of most concern for businesses globally according to the Allianz Risk Barometer 2025 - as voted for by a record 3,778 risk management experts from 106 countries and territories.Cyber incidents (38% of responses, a record 7% points ahead) consolidates its position as the most important risk.The risk impact of new technologies and developments in artificial intelligence (AI) is a new entrant in the top 10 global risks at #10.Closely interlinked to cyber, business interruption is ranked #2 (31%), just ahead of another related risk, natural catastrophes at #3 (29%).Climate change is another standout result in 2025.
MOL and JERA Ink Charter for LNG Carrier Newbuild
Mitsui O.S.K. Lines (MOL) has signed a long-term charter contract for a newbuilding LNG carrier with a vessel operation management company funded by JERA.This is the eighth contract for LNG carrier signed with JERA. The vessel will be built at the Geoje Shipyard of Samsung Heavy Industries, and is scheduled for delivery in 2026.It will be 290 meters long, with a breadth of 45.8 meters. It will feature a membrane tank of 174,000 m3.The vessel will be managed by MOL and will transport LNG for JERA.
Pirates: More Guns, More Hostages
The ICC International Maritime Bureau (IMB) has reported an increase in the number of crew taken hostage or kidnapped in 2024.The IMB annual Piracy and Armed Robbery Report recorded 116 incidents against ships in 2024 compared to 120 in 2023 and 115 in 2022. It reveals that 94 vessels were boarded, 13 attempted attacks, six vessels hijacked and three fired upon.While the number of reported incidents in 2024 remains similar to those reported in 2023 and 2022, the number of crew taken hostage or kidnapped increased to 126 taken hostage in 2024 compared to 73 in 2023 and 41 in 2022. Twelve crew were reported kidnapped, compared to 14 in 2023 and two in 2022.
James Fishers Orders Four LNG Dual-Fuel Tankers
James Fisher and Sons has ordered four new LNG dual-fuel tankers from China Merchants Jinling Shipyard (Yangzhou) Dingheng as part of its ‘fleet of the future’ business strategy.The new tankers, which will carry oil products and IMO Class II chemicals, will have LNG dual-fuel propulsion capability, expected to help to reduce operational CO2 emissions and associated environmental impact over the long-term.A number of features that will add to the overall sustainability of the new builds have been carried over from recent additions to the company’s fleet, vessels Sir John Fisher and Lady Maria Fisher.