SHI won arbitration case against PDC [Shipbuilding]
Samsung Heavy Industries (SHI) announced on January 16 that it had won an arbitration case against Pacific Drilling Ⅷ. Limited (PDC) related to the termination of a construction contract for the Pacific Zonda drillship. A tribunal in London ...
2020-01-21 09:11:30
Rosneft is to decide FEED company for Sakhalin-1 [Offshore]
It turns out that Russia's energy maker Rosneft is expected to determine Front End Engineering and Design (FEED) company for its Sakhalin offshore oil and gas field development project before its final investment decision (FID) in 2021. Accord...
2020-01-21 09:09:48
Aker Solutions nets FEED contract from Equinor [Offshore]
Aker Solutions announced on January 15 that it has secured a front-end engineering (FEED) study from Equinor to enable power from shore for the Troll B and C platforms, to reduce CO2 emissions from the field. The contract includes an option fo...
2020-01-20 09:50:38
Keppel made its first rig delivery in 2020 [Offshore]
Keppel Offshore & Marine Ltd (Keppel O&M) announced on January 15 that it has, through its wholly-owned subsidiary Keppel FELS Ltd (Keppel FELS), made its first rig delivery in 2020 safely, on time and within budget. Named Heimdal, the ja...
2020-01-20 09:45:06
The World Bank's remarkable leap [Finance]
The Kingdom of Saudi Arabia announced on January 15 that it has realized a remarkable leap in the World Bank’s Women, Business and the Law 2020 report, with a score of 70.6 out of 100.  The report ranks the Kingdom as the top reformer...
2020-01-20 09:41:41
ClasssNK announces SoC to recycling facility [Shipbuilding]
Leading classification society ClassNK announced on January 2020 that it has issued a Statement of Compliance (SoC) to “PHP Ship Breaking and Recycling Industries Limited (PHP)”, a ship recycling facility in Chattogram (Chittagong), Banglades...
2020-01-20 09:32:55
Shelf Drilling secured a contract for jack-up rig [Offshore]
Shelf Drilling, Ltd. (“Shelf Drilling” or the “Company”, OSE: SHLF) announced on January 14 that it has secured a contract for its recently acquired high-specification jack-up rig, Shelf Drilling Enterprise, with Chevron Thailand Explorat...
2020-01-20 09:27:53
Industry leaders challenge decarbonisation [Shipping]
MISC Berhad, Samsung Heavy Industries (SHI), Lloyd’s Register and MAN Energy Solutions announced on January 15 that they will work together on a joint development project (JDP) for an ammonia-fuelled tanker to support shipping’s drive towards...
2020-01-20 09:22:22
HSHI might win 3 VLCCs from Korea [Shipbuilding]
Hyundai Samho Heavy Industries (HSHI) announced on December 25 in a regulatory filing that it has won two very large crude oil carriers (VLCCs) worth 218.8bn from an Asian shipowner. HSHI also announced on the 30th in a stock exchange filing th...
2020-01-20 09:16:00
Europe tankers handed over from Korea's benefit [Shipbuilding]
Stock prices of European listed tanker ship operators such as Teekay Tankers, Frontline, and Euronav have risen by around 90% on average during the passing year. European tanker ship operators that have been handed over from South Korean shipyard...
2020-01-20 09:14:13
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