Korean yards achieving brilliant deeds [Shipbuilding]
So far this year, Korean shipbuilders have achieved brilliant deeds in the global new order competition for mid- and large-sized tanker sector. Hyundai Heavy Industries won two 319,000 dwt Very Large Crude Carriers (VLCCs) from New York-listed...
2017-03-08 07:03:18
“Korea Eximbank will support outstanding company” [Finance]
Choi Jong-Gu, the new president of the Export-Import Bank of Korea (Korea Eximbank) said on March 7, “I will do my best for top-ranking companies to survive by distinguishing between good and bad shipbuilding and shipping companies. Choi sai...
2017-03-08 07:02:44
Sonangol discusses to monetize DSME drillship [Offshore]
Angola’s state-run oil company Sonangol is having talks with five oil majors to select partners to operate two drilling rigs to be delivered by Daewoo Shipbuilding & Marine Engineering.   Sonangol said on March 6, “Sonangol is deve...
2017-03-08 07:02:13
Woodside-GE to support LNG fuel sector [Offshore]
Woodside and GE have signed an agreement to work together to support the use of LNG as a fuel in Western Australia. The agreement will provide customers with the option of seamless access to reliable LNG fuel supply and gas-fuelled transport a...
2017-03-07 07:36:16
LTHE clinches EPCM deal [Offshore]
L&T Hydrocarbon Engineering (LTHE), a wholly-owned subsidiary of Larsen & Toubro (L&T), announced on February 28 that it has signed an Enterprise Framework Agreement (EFA) with Shell Global Solutions International B.V., for providing ...
2017-03-07 07:32:43
Ulstein Verft names wind farm service vessel [Shipbuilding]
The ‘Windea Leibniz’ wind farm service vessel was delivered on-time from Ulstein Verft to Bernhard Schulte Offshore and ICBC Leasing on 28 February, and named on March 2 at a ceremony in Ulsteinvik. The vessel will shortly commence service at...
2017-03-07 07:29:52
SGS takes over All-Sea [General]
Lariat Partners, a Denver-based private equity firm, announced on March 2 that its portfolio company Subsea Global Solutions (SGS) has acquired All-Sea Underwater Solutions (All-Sea), creating a global leader in providing underwater ship maintena...
2017-03-07 07:27:43
Pemex-BHP Billiton to develop 'Trion Block' [Offshore]
Petróleos Mexicanos (Pemex) and the Australian company BHP Billiton signed an agreement on March 3 to develop the deep-water Trion Block during an event hosted by the President of Mexico, Enrique Peña Nieto. This is the first farm out agreem...
2017-03-07 07:25:31
SKPB snares deals worth $97m [Offshore]
SapuraKencana Petroleum Berhad (“SKPB”) announced on March 2 that its  wholly-owned subsidiaries have been awarded contracts with a combined value of approximately USD 97.4 million (approximately [RM 433.6 million], based on USD/MYR exch...
2017-03-07 07:22:59
JERA to join Gastech 2017 [General]
JERA, the Japanese energy giant, purchased LNG from the contiguous United States for the first time at the beginning of January this year. JERA believes the purchase of U.S LNG will contribute to a stable supply in Japan through the diversificati...
2017-03-07 07:20:27
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