NOVATEK secures the Bukharinskiy License Area [Shipbuilding]
PAO NOVATEK (“NOVATEK” and/or the “Company”) announced on December 27 in Moscow that Arctic LNG 1, a wholly owned subsidiary, won the auction for geological survey, exploration and production license for the Bukharinskiy subsoil license a...
2020-01-03 10:11:47
ExxonMobil obtains expedition acreage offshore Egypt [Shipbuilding]
ExxonMobil announced on December 30 it has secured more than 1.7 million acres for exploration offshore Egypt. “These awards strengthen our exploration portfolio in the Eastern Mediterranean,” said Mike Cousins, senior vice president of ...
2020-01-03 10:09:10
The world's first LNG-powered shallow-water push boat [Shipbuilding]
Rolls-Royce announced on December 6 that Rolls-Royce and Canadian vessel designers Robert Allan have developed the world's first shallow-water push boat powered by LNG natural gas engines. At the International Workboat Show in New Orleans, clas...
2020-01-03 10:06:53
Petrofac wins a new contract and PDO awards [Shipbuilding]
Petrofac announced on December 31 that a new contract and the award of an additional scope of work with Petroleum Development Oman (PDO), with a combined value of approximately US$130 million. The new contract award, under a 10-year Fram...
2020-01-03 10:04:46
EUKOR extends glittering HMG contract [Shipbuilding]
Wilhelmsen group has announced on December 31 that EUKOR Car Carriers, part of the Wallenius Wilhelmsen group, has renewed its contract with Hyundai Motor Group (HMG), maintaining a 40% volume share on existing rates.  "The agreement ...
2020-01-03 09:47:37
HSG inks formal deal for Sungdong acquisition [Shipbuilding]
A consortium consisted of HSG Heavy Industries and Curious Partners inked a formal contract on December 31, 2019, for taking over Sungdong Shipbuilding & Marine Engineering. Last November, the consortium showed its intention to acquire S...
2020-01-03 09:34:47
Far Eastern yards won 31 VLCCs in 2019 [Shipbuilding]
Hyundai Samho Heavy Industries (HSHI) was awared three very large crude carriers (VLCCs) in a week at the end of December 2019. Following a regulatory filing released on December 25, 2019, regarding contract for building two VLCCs for an Asian...
2020-01-03 09:30:49
[Feature] Korean yards' 2019 order totalization [Shipbuilding]
Although the Korean shipbuilding industry did not show a large market rebound in 2019 overall, it is expected to maintain the world’s highest competitive in orders for high value-added ships, such as LNG carriers, and step up efforts to nor...
2020-01-03 09:27:51
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