"SHI likely to see big turnaround"
Samsung Heavy Industries (SHI) is expected to show a big turnaround in new order intakes this year. Lee Kyung-Ja, an analyst at Korea Investment & Securities, said on January 17, "SHI previously set its order target at $7.4bn for 201...
KBR JV wins FEED from Azerbaijan
KBR, Inc. (NYSE: KBR) announced on January 16 that its joint venture with SOCAR has been awarded two separate Front-End Engineering Design (FEED) contracts for a new Production, Drilling, Quarters (PDQ) platform – the Azeri Central East (ACE) p...
SBM Offshore completes Turritella deal
SBM announced on January 16 that after an operational transition period, SBM Offshore and Shell E and P Offshore Services B.V. (Shell) have completed the transaction related to the sale of FPSO Turritella. Both companies have worked successfully ...
Sevan nets Shell Penguins field redevelopment
Shell has announced the final investment decision for the Penguins field redevelopment project in the UK sector. Sevan announced on January 15 that the decision includes the construction of a new-build Sevan Marine designed cylindrical FPSO. W...
Shell announces redevelopment of Penguins field
Royal Dutch Shell plc (Shell) announced on January 15 a final investment decision on the redevelopment of the Penguins oil and gas field in the UK North Sea. The decision authorises the construction of a floating production, storage and offloa...
Total selects final candidates for LNG BV
In a bid opened now by French energy major Total for building and chartering a 18,600 cbm LNG bunker vessel (LNGBV), three of the eight candidates have been shortlisted at the end of 2017. According to industrial sources and foreign presses, t...
Maryland grants offshore support
On January 10, the Maryland Energy Administration (MEA) announced awards for both the 2018 Offshore Wind Business and the Offshore Wind Workforce Development grants. The aim of these grants is to prepare Maryland’s businesses and workforce to p...
Russia approves first floating nuclear plant
GlavGosExpertiza, a Russian federal autonomous institution for appraisal of engineering recently announced that it approved the plan for the world’s first floating nuclear power plant. According to foreign media, the institution has approved...
Top ten gas projects spends $186bn
Among 156 global offshore gas development projects, top 10 would spend over a total of %186bn of capital expenditure to produce 299tct (trillion cubic feet) of natural gas over their lifetime, according to GlobalData. The top 10 projects will ...
Norwegian offshore operator returns to Gibdock
Gibdock announced on January 10 that it has extended its impressive track record in the offshore vessel sector, following the visit of the 5700dwt 3D seismic survey vessel Polar Marquis, operated by Norwegian company GC Rieber Shipping. The Berge...
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