ADNOC LNG said it signed an AED 3.16 billion (US$860 million) contract with a consortium of Spain's Tecnicas Reunidas and Abu Dhabi’s Target Engineering Construction Company for building the second phase of the Integrated Gas Development Expansion (IGD-E)…
The Kwispaa LNG Project achieved a significant milestone in its development this week as Kwispaa LNG signed a contract with Hyundai Heavy Industries for the Front-End Engineering and Design (FEED) of two At-Shore LNG hulls.This follows the recent Invitation to Tender to shortlisted EPC (engineering…
Construction work has begun on a joint venture to build a shipyard on Saudi Arabia's eastern coast, oil rig builder Lamprell Plc said in a statement on Friday.The joint venture, International Maritime Industries (IMI), started operations…
French cabling firm Nexans has been chosen to supply 3000km cables for the Nasr Phase II full field development project offshore Abu Dhabi in the United Arab Emirates. The Nasr field is a large oil field about 130km northwest of Abu Dhabi…
Tidal energy firm Atlantis Resources has signed a strategic partnership agreement (SPA) with South Korea's Hyundai Engineering & Construction over collaborating on ocean power renewable projects, including targeting a 100MW tidal stream project in South Korea…
Seadrill reached a US$170 million settlement agreement with Hyundai Samho Heavy Industries (HSHI) in relation to the West Mira arbitration. Seadrill said it receive a cash payment of $170 million this month as full settlement of the dispute…
Subsea 7 has taken delivery of the Seven Arctic and Seven Kestrel, successfully completing a substantial and targeted fleet investment program that has added six newbuild vessels to the Subsea 7 fleet since 2014. Image of the Seven Kestrel…
Italian contractor Saipem has inked a contract for use of Solstad Offshore's construction support vessel (CSV) Normand Installer as part of offshore installation works on the Jangkirk floating production unit (FPU) offshore Indonesia. The Jangkrik FPU is a part of Jangkrik Complex Project…
Heavy lifting specialist Mammoet has completed the load-out of the 14,273-ton integrated topside module (ITM) for the Jangkrik floating production unit (FPU) in Karimun Island, Indonesia. Image of Jangkrik…
South Korea's Hyundai Heavy Industries (HHI) is following through with part of its improvement plan that will see the company split into four. Image from HHI. Under the company’s plan…
Canada's Suncor Energy has closed a deal to acquire a 30% stake in the UK North Sea Rosebank project from Austria's OMV. Suncor has made an initial payment of US$50 million. In the event the co-venturers approve the Rosebank project final investment decision and Suncor elects to participate…
Canada's Suncor Energy is to acquire a 30% stake in the UK deepwater North Sea Rosebank project from Austria's OMV. The move will see OMV reduce its stake from 50% to 20% in what is a massive, challenging, deep water, very harsh environment…
The first phase of a DNV-GL-led joint industry project (JIP) with South Korean shipyards to promote a global standard for engineering and construction of offshore oil and gas installations has delivered four recommended practices (RPs). The outcome of the JIP will be reduced complexity…
Fifteen leading offshore companies, including Shell, Chevron, and McDermott International, have signed a memorandum of understanding (MOU) to establish engineering industry standards known as the Standardization Unified Joint Industry Project (JIP)…
To collaborate on the localization of main equipment and materials for offshore plants, Hyundai Heavy Industries (HHI) has signed a memorandum of understanding with Doosan Heavy Industries and Construction (DHIC) and Center for Creative Economy and Innovation (CCEI) in Ulsan and Gyeongnam…
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