COSL fixed $1.3bn for offshore [Shipping]
China National Offshore Oil Corporation (CNOOC)'s affiliated China Oilfield Services Limited (COSL) announced that the company fixed as much as CNY 8bn (around $1.3bn) for 2014's Capex.   Most of the investment will be funded for building ...
2014-02-03 07:17:59
Technip wins Middle-East subsea [Offshore]
Paris, January 28, 2014, Technip was awarded a substantial contract(1) by Dubai Petroleum Establishment (DPE). This covers the engineering, procurement, construction and installation of the Jalilah B field development project, located nearly 90 kil...
2014-02-03 07:17:10
Wartsila power modules for FPSO [Offshore]
Wärtsilä Corporation, Press release, 28 January 2014, Wärtsilä will supply a 62 MW topside power module solution for a Floating Production, Storage and Offloading (FPSO) vessel to be deployed at the Kraken oilfield located in the U.K. sector of...
2014-02-03 07:16:26
GE inks Power Modules to Abu Dhabi [Equipment]
FLORENCE—January 21, 2014—GE Oil & Gas (NYSE: GE) announced it has received a contract to provide a turnkey turbomachinery solution to Petrofac Emirates for the Upper Zakum UZ750 field in Abu Dhabi, developed by ZADCO (Zakum Development Com...
2014-02-03 07:04:16
Kongsberg chosen for new pipelayer [Equipment]
30.01.2014, KONGSBERG has been appointed as the supplier and integrator of all electrical, telecom and integrated control systems for the new Petrofac JSD 6000 deepwater derrick lay vessel.   The contract has a value of over NOK 230 Milli...
2014-02-03 07:03:32
AMEC consortium awarded offshore platforms [Offshore]
London, United Kingdom, (28 January 2014) - The AMEC Tekfen Azfen (ATA) consortium has been awarded a contract totalling $974 million for BP-operated Stage 2 development of the Shah Deniz gas field in the Caspian Sea.   AMEC will contribu...
2014-02-03 07:02:51
[Exclusive Interview] BMEA Chairman(1) [General]
"Non-Price Competitiveness Vital"   Asiasis will follow the progress of 2013 business performance of Busan Marine Equipment Association (BMEA) which leads the development of Korean marine equipment industry through mutual technology develo...
2014-02-03 07:02:16
Korean thick plate "over-supplied" [Equipment]
Korean thick plate market is prospected to continue the oversupply situation throughout this year as well.   According to the Seoul Economy Daily on January 27, thick plate production of Korea is expected to show oversupply exceeding deman...
2014-02-03 07:00:26
Jiangzhou Union builds multi-purpose [Shipbuilding]
Jiangzhou Union Shipbuilding entered a newbuilding agreement for 4+4 units of 12,500 dwt multi-purpose vessel with a German shipowner and the four firm units have been officially taken effect on January 28.   The 12,500 dwt newbuilding is ...
2014-02-03 06:57:44
"Capital increase of STX Dalian?" [Finance]
STX Offshore & Shipbuilding released a regulatory filing on January 29 regarding 'a news about capital increase of STX Dalian' that there is nothing definitely settled yet although it is proceeding with capital attraction and disposal of its af...
2014-02-03 06:56:46
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