Norway’s Apply has signed a final contract with South Korea’s Samsung Heavy Industries for the delivery of Living Quarters for Total’s Marting Linge field development in the Norwegian Sector of the North Sea. The contract was signed on April 5, two months after the two companies signed a letter of intent. Samsung/Technip consortium is responsible [...]
Offshore drilling contractor Pacific Drilling S.A. has signed a $1 billion senior secured credit facility agreement to finance construction of the Pacific Sharav and Pacific Meltem. The term loan made pursuant to the credit facility will have a maturity of 5 years from the delivery date of the Pacific Meltem. A portion of the funding [...]
Samsung Engineering has appointed Michel Laine as chief operating officer of its newly established offshore segment, effective December 20, 2012. Laine’s career in offshore began in 1982 with ETPM, followed by Technip and Bouygues Offshore S.A. (acquired by Saipem). Since 2002, he held key management positions such as managing director of Saipem Indonesia and Saipem [...]
South Korea’s shipbuilder Samsung Heavy Industries, has announced that it has received a notice of cancellation of an FPSO order from an undisclosed costumer. The order for the Floating Production Storage and Offloading vessel was initially made on June 19, 2007, with scheduled delivery date set at September 30, 2010. The delivery date was later [...]
QGOG Constellation S.A. announced today that on November 14 it exercised, through one of its affiliates, an option for an advanced-capability DP3 ultra-deepwater drillship to be constructed by Samsung Heavy Industries Co. Ltd. (“SHI”). This will be the third drillship with SHI in South Korea and is scheduled to be delivered in December 2014. The [...]
AMEC, the international engineering and project management company, has formed a joint venture with Samsung Heavy Industries and Samsung Engineering to carry out the design engineering for fixed and floating offshore platforms, FPSOs and subsea pipelines for Samsung’s future offshore oil and gas projects. The joint venture, which is subject to final regulatory approvals, has [...]
October 25, 2012 | Posted in
Americas,
Company News,
Contracts & Tenders,
Featured,
News,
NEWS BY TOPIC,
News Categories,
Press releases,
REGIONAL NEWS,
Top Stories |
Read More »
Seadrill has entered into a turnkey contract to build a new ultra-deepwater drillship at the Samsung yard in South Korea. The project value price is estimated to be around US$600 million (including project management, drilling and handling tools, spares, capitalized interest and operations preparations) with tail-heavy payment terms payable upon delivery, which is scheduled within [...]
September 24, 2012 | Posted in
Asia pacific,
Company News,
Contracts & Tenders,
Featured,
Headlines,
News,
NEWS BY TOPIC,
News Categories,
Press releases,
REGIONAL NEWS,
Vessels |
Read More »
ABB, the leading power and automation technology group, recently won an order worth $80 million from Samsung Heavy Industries to supply energy efficient drives, motors and electrical power systems for five drillships and two liquefied natural gas (LNG) carriers to be built at Samsung’s shipyard in Korea. The vessels will be used to extract, process [...]
June 29, 2012 | Posted in
Company News,
Contracts & Tenders,
Equipment & Technology,
Featured,
News,
NEWS BY TOPIC,
News Categories,
Press releases,
REGIONAL NEWS,
South & Central Asia,
Top Stories |
Read More »
Given rising customer demand, Ensco plc (NYSE: ESV) has exercised one of two options for an additional advanced-capability DP3 ultra-deepwater drillship based on the Samsung GF12000 hull design. The vessel, ENSCO DS-9, will be the seventh Samsung DP3 drillship in the Ensco fleet, extending the benefits of Ensco’s fleet standardization strategy. It will be built [...]
June 26, 2012 | Posted in
Americas,
Asia pacific,
Company News,
Europe & Eurasia,
Featured,
Headlines,
News,
NEWS BY TOPIC,
News Categories,
REGIONAL NEWS,
Research & Development,
Vessels |
Read More »
Alfa Laval, a company specialising in heat transfer, centrifugal separation and fluid handling has received an order from a Technip Samsung Consortium (TSC) to supply Alfa Laval equipment to Shell’s Prelude FLNG (floating liquefied natural gas) facility. Due to a confidentiality agreement Alfa Laval was unable to disclose the exact value of the order. FLNG [...]
June 1, 2012 | Posted in
Also in the News,
Asia pacific,
Contracts & Tenders,
Equipment & Technology,
Featured,
News,
NEWS BY TOPIC,
News Categories,
REGIONAL NEWS,
Vessels |
Read More »
