ABS to set up new global headquarters [General]
It turned out that ABS has recently broken ground on its new global headquarters. Anchoring the CityPlace 2 development, the new headquarters will be located near the intersection of I-45 and the Grand Parkway in the Houston area. “This is a...
2017-04-19 07:27:25
CNOOC & PSC to share oil production [Offshore]
CNOOC Limited announced on April 14 that its parent company, China National Offshore Oil Corporation (CNOOC), has signed production sharing contract (PSC) with Husky Oil Operations (China) Limited (Husky) for Block 16/25 in the South China Sea. ...
2017-04-19 07:24:50
YPF-Schlumberger to start shale oil pilot project [Offshore]
On April 12, Schlumberger President of Operations, Patrick Schorn, and YPF Chairman, Miguel Ángel Gutiérrez, signed an agreement to start a shale oil pilot project in Bandurria Sur Block in Vaca Muerta, Neuquén. The agreement, signed in YPF...
2017-04-19 07:22:16
Leonardo to propel new patrol cutters [Equipment]
Leonardo DRS, Inc. announced on April 13 that it has been awarded a contract by Eastern Shipbuilding to provide hybrid electric drive systems for the U.S. Coast Guard’s new fleet of Offshore Patrol Cutters.    The contract, for the...
2017-04-19 07:18:27
Marine Technics offers refitting project [Equipment]
It turned out that Marine Technics Group of Companies has recently offered a refitting project for vessels of project 354K with oily water separators. It will allow to collect oily water and to treat it on-site. The idea of this project appear...
2017-04-19 07:16:00
"Korean S&M shipyards sufficient to survive" [Shipbuilding]
At the seminar on the development strategy of the shipbuilding industry held at the Yeouido National Assembly Hall, opinions on the high potential of domestic small and medium-sized shipbuilding and equipment companies are suggested and the indus...
2017-04-19 07:13:37
KOSHIPA discusses training manpower [General]
The Korea Offshore & Shipbuilding Association (KOSHIPA) announced on April 18 that it holds a meeting to discuss 'the development of high skilled manpower in the offshore plant construction' in a joint symposium hosted by the Korean Associati...
2017-04-19 07:12:54
One Busan equipment giant enters into workout [Equipment]
It turned out that one large-sized shipbuilding equipment provider in Busan Metropolitan City of Korea has entered into workout procedure (the joint management of creditors).  According to industry and Busan's local financial world, the s...
2017-04-19 07:11:41
CMHI-CIMC to put yards merger [Offshore]
The businesses and organization of two offshore yards in Shenzhen, China, China Merchants Heavy Industry (CMHI) and China International Marine Containers (CIMC), will be integrated. According to industry sources, China Merchants Industry Holdi...
2017-04-19 07:10:52
DSME CEO, "We will repay with fast normalization" [Finance]
Amid Daewoo Shipbuilding & Marine Engineering has won a reprieve from major bondholder National Pension Service and other lenders, Jung Sung-Leep, CEO of Daewoo, said in a statement on the afternoon of April 18, "Thank you for your hard decis...
2017-04-19 07:10:03
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