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Pacific Drilling Working on Samsung Rig Case Appeal

Feb 12, 2020

Offshore drilling rig operator Pacific Drilling is working to appeal a recent ruling according to which the company must pay $320 million to rig builder Samsung Heavy Industries.As previously reported by OEDigital, a London arbitration tribunal…

Pacific Drilling Must Pay $320M for Rig Order Cancellation

Jan 16, 2020

A London arbitration tribunal has ordered offshore drilling company Pacific Drilling to pay $320 million to Samsung Heavy Industries for a 2015 drillship order cancellation.Pacific Drilling had ordered the Pacific Zonda ultra-deepwater drillship from Samsung in 2013…

SHI Pays Valaris $200 Million

Dec 30, 2019

UK headquartered offshore drilling contractor Valaris announced on Monday that it has received a $200 million cash payment resulting from a settled dispute with South Korean shipbuilder Samsung Heavy Industries (SHI).Earlier this year, an arbitration…

Top 20 Stories of 2019

Dec 30, 2019

From reporting on major new deepwater discoveries and impressive engineering and technological feats, to expert commentary on impactful market trends, Offshore Engineer delivered no shortage of exciting offshore industry coverage throughout 2019…

SHI to Pay $75 Mln to Resolve Bribery Case

Nov 25, 2019

Samsung heavy industries Co Ltd has agreed to pay more than $75 million in criminal penalties to resolve a U.S. investigation of a scheme to pay millions of dollars in bribes to officials in Brazil, the U.S. Justice Department said on Friday…

Petrobras Extends West Tellus Contract

Nov 04, 2019

Brazilian petroleum giant Petróleo Brasileiro (Petrobras) has contracted Seadrill’s drillship West Tellus for a new two-year program offshore Brazil.Seadrill, a deepwater drilling contractor for the petroleum industry, said in a press note that the likely contract value is around $170 million…

Barossa FID Expected in Early 2020

Sep 27, 2019

Santos, a partner in the Barossa offshore gas and light condensate development offshore Australia, said the project is moving toward a final investment decision (FID) early next year following operator ConocoPhillips awarding the gas export pipeline contract to Dutch contractor Allseas…

NOV to Supply STP for MJ FPSO

Jul 03, 2019

APL, a business unit within NOV's Completion & Production Solutions segment, has secured the contract from South Korean builder Samsung Heavy Industries to supply a large submerged turret production (STP) system for a newbuild floating production…

TechnipFMC Bags Barossa SPS Project

May 09, 2019

US oil major ConocoPhillips has picked TechnipFMC to supply the subsea production system for its Barossa in the Timor Sea, offshore Australia, according to partner Australian oil and gas producer Santos . The contract includes the engineering…

Samsung Wins $963mln FPSO Contract

Apr 23, 2019

South Korean shipbuilder Samsung Heavy Industries (SHI) has received an order for the construction of a floating production, storage and offloading (FPSO) unit on the condition that the client receives approval from its partner and government…

Petrobras Sues Samsung Heavy Industries

Mar 27, 2019

Samsung Heavy Industries said on Wednesday that Petrobras America filed a lawsuit against the South Korean shipbuilder with a U.S. court, claiming 283 billion won ($249.32 million) in damages.Petrobras America claimed that it paid excessive charter fees for a drill ship built by Samsung Heavy…

New Rig Delivered to Odfjell Drilling

Jan 07, 2019

Norwegian based Odfjell Drilling has taken delivery of a a new semi-submersible drilling rig from South Korean builder Samsung Heavy Industries.The sixth generation dynamically positioned Deepsea Nordkapp is an enhanced Moss Maritime CS-60 design…

FSU Delivered to Bahrain LNG

Oct 02, 2018

Teekay LNG’s first Floating Storage Unit (FSU) has been successfully delivered to charterer Bahrain LNG. The vessel delivered from the yard at the end of August, before going on hire on 19 September, 2018. The vessel will be used to support…

Samsung Heavy in Talks to Resolve Nigeria Industry Zone Dispute

Sep 14, 2018

The Nigerian arm of Samsung Heavy Industries is in talks to resolve a court action launched by an industrial zone in the west African country where the company has been building a floating oil platform for Total, Samsung Heavy said on Friday…

Samsung delivers Egina FPSO

Nov 03, 2017

Samsung Heavy Industries (SHI) has delivered French oil major Total's deepwater Egina floating production, storage and offloading (FPSO) vessel. The vessel was completed at SHI's Geoje-shipyard under a US$3 billion turnkey project, and set sail for Nigeria on 31 October 2017…

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