Daewoo launched third TCO project module
Daewoo Shipbuilding & Marine Engineering (DSME) has launched the third module of TCO project on June 28. The module is the first unit in a series of 81 modules for TCO project which is built by Okpo Shipyard of DSME. TCO project envisio...
GE's new venture: renewable future
GE (NYSE: GE) announced on June 26 the results of its strategic review. GE will focus on Aviation, Power and Renewable Energy, creating a simpler, stronger, leading high-tech Industrial company. In addition to the pending combination of its Trans...
DOF Subsea contract awards
DOF Subsea has been awarded several contracts in the Atlantic region, securing utilisation for the vessels Geosund and Skandi Skansen throughout Q2 and Q3. The awarded works are all within the Subsea IMR Projects segment. The scope...
ABS and Rawabi-Vallianz Collaborate for Success
ABS and Rawabi Vallianz Offshore Services (RVOS) are finalizing implementation of the ABS Nautical Systems (NS) fleet management software across its fleet of 44 Offshore Support Vessels (OSVs). RVOS, part of Rawabi Holdings, is using NS softwa...
"Offshore wind can stimulate local economy and industry"
Baek Woon-Kyu, the Minister of Trade, Industry & Energy of Korea, emphasized on June 26 that there should be a ‘virtuous circle’ between offshore wind and shipbuilding industry. The minister, at ‘offshore wind forum’ held in Seoul,...
MOL in exclusive discussions for Hong Kong LNG terminal
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) today announced that MOL, has entered into a preliminary agreement to supply a Floating Storage and Regasification Unit (FSRU), as well as Jetty Operation & Maintenance Ser...
Prosafe wins further work for Safe Swift
Prosafe acting as commercial managers for the Axis Offshore owned Safe Swift has won a contract to support activities in the Central Mediterranean Sea. Upon demobilisation from her existing contract in mid-June, Safe Swift mobilised to conduct...
US wind power business to deal with gas
There is expectation that the unit cost of electricity production in offshore wind power generation projects, which has slowly decreased amid a growing trend of bigger turbines, is likely to be lower than that in gas power plants. In add...
Ulsan carries out floating wind power projects
Ulsan Metropolitan City of Korea has recently announced that its two R&D tasks have been chosen for the 'project for developing core technologies related to new and renewable energy' led by the Ministry of Trade, Industry, and, Energy (MOTIE)...
NPCC wins jacket package for Saudi Arabia
It turned out that NPCC of the United Arab Emirates has been awarded an EPC contract in Saudi Aramco's jacket package tender for offshore oil field development, which was closed last March, beating Saipem, McDermott, Dynamic Industries and L&...
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