Samsung Engineering News


MODEC and Samsung Team Up to Install Carbon Capture Tech on FPSO

Feb 27, 2025

MODEC has entered into a Front End Engineering and Design (FEED) contract with Samsung E&A for the installation of carbon capture technology on a floating, production, storage and offloading (FPSO) vessel.The offshore carbon capture project…

ABS Gives Its Blessing to SHI’s Ammonia FPSO Design

Oct 02, 2024

American Bureau of Shipping (ABS) has issued an approval in principle (AIP) to Samsung Heavy Industries (SHI) for its new design of an ammonia floating production storage and offloading (FPSO) unit.Called Samsung Ammonia Blue, the concept features…

Samsung Heavy Industries’ FCSU Design Earns Approval from Bureau Veritas

Oct 01, 2024

South Korean shipbuilder Samsung Heavy Industries (SHI) has been awarded an approval in principle (AIP) for its Floating CO2 Storage Unit (FCSU) design from classification society Bureau Veritas (BV).The AIP certificate was presented to Haeki Jang…

Murphy Oil Extends Noble Drillship in the Gulf of Mexico

Jun 06, 2024

Murphy Oil Corporation has exercised its option for the drillship Noble Stanley Lafosse to drill five additional wells in the Gulf of Mexico.The extension is expected to span one year and has an estimated contract value of $177 million, according to Noble Corporation…

Developers Postpone Cedar LNG Final Investment Decision

Mar 04, 2024

Cedar LNG and its partners, the Haisla Nation and Pembina Pipeline, have postponed the final investment decision (FID) for the proposed floating LNG facility in Canada's British Columbia to mid-2024.Cedar LNG has completed several key project deliverables…

Digitalization is Drawing CCS a New Learning Curve

Feb 27, 2024

Digital solutions are accelerating the progress required to ensure CCS earns its place in climate change mitigation history.Carbon capture has been around since the 90s, but the behavior of CO2 in pipelines is still not that well understood…

Stena Drilling Takes Delivery of Stena Evolution Drillship

Jan 17, 2024

Offshore drilling contractor Stena Drilling has taken delivery of its 7th generation Stena Evolution ultra-deepwater drillship from Samsung Heavy Industries.After a decade in the making, Stena Evolution drillship has finally been completed and is ready for its first job…

Samsung Heavy Industries Gets $1.5B FLNG Order

Jan 05, 2024

Samsung Heavy Industries (SHI) has secured an engineering, procurement and construction (EPC) contract for a new floating LNG production unit worth $1.5 billion.SHI formed a consortium with Black & Veatch for the delivery of the new FLNG unit…

SHI Touts 'Eco-Friendly' Strategies at Gastech '23

Sep 06, 2023

At Gastech 2023, Samsung Heavy Industries (SHI) offers a separate 216 sq. m. exhibition hall at the Singapore Expo venue showcasing its technological developments in LNG and LCO2 transport vessels, centered around the FLNG (Floating Liquefied Natural Gas Production Facility) models…

Samsung Heavy and MISC Develop Floating CO2 Storage Unit

Aug 30, 2023

Samsung Heavy Industries has received basic certification for a floating CO2 storage unit (FCSU) from DNV.The FCSU, jointly developed by Samsung Heavy Industries and MISC, is 330 meters long and 64 meters wide, and has a high-pressure tank capacity that can store 100…

SHI to Open Offshore R&D Center in Busan

Jun 15, 2023

Samsung Heavy Industries (SHI) has announced that it will sign an investment memorandum of understanding (MoU) with Busan City, South Korea, to establish an R&D Center.The Busan R&D Center will focus on offshore design and engineering. According to the memorandum of understanding…

A Decade in the Making: Stena Evolution Drillship Prepares for Gulf of Mexico Debut in 2024 as Contract Secured

May 29, 2023

Offshore drilling contractor Stena Drilling has secured a contract with Shell for the Stena Evolution drillship.The Stena Evolution, built by Samsung Heavy Industries, was originally ordered by Ocean Rig, and named Ocean Rig Crete.Ocean Rig ordered the drillship in 2014…

Samsung Heavy Industries Unveils Next-Generation FLNG

May 02, 2023

Samsung Heavy Industries (SHI) has unveiled a proprietary model nearshore FLNG concept which has been certified by DNV at OTC 2023 in Texas.The shipyard says it developed the Multi-purpose LNG Floater-Nearshore (MLF-N) in response to market…

KHNP, Samsung Heavy, Seaborg to Develop Floating Nuclear Power Plants

Apr 21, 2023

South Korea's Korea Hydro & Nuclear Power, Samsung Heavy Industries, and Denmark's Seaborg Technologies have created a consortium to develop floating nuclear power plants with Seaborg Technologies' innovative molten salt reactor technology.The…

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