Samsung Engineering News


Bureau Veritas, SHI Partner Up for Floating Storage and CCS Solutions

Dec 18, 2024

Bureau Veritas Marine & Offshore (BV) and Samsung Heavy Industries (SHI) have partnered up to develop Floating CO2 Storage Units (FCSU) and Carbon Capture and Storage (CCS) projects in the Republic of Korea in an effort to cut greenhouse gas emissions…

Transocean’s Drillship to Stay in India Under New $111M Deal

Dec 18, 2024

India-based oil company Reliance Industries Limited has exercised an option under the previously agreed firm contract with Transocean for its Dhirubhai Deepwater KG1 drillship.Offshore drilling contractor Transocean informed that a four-well…

Aker, Aibel Get FEED Contracts for GreenVolt Floating Wind Project

Dec 16, 2024

Floating Energy and Vårgrønn, a joint venture between Plenitude (Eni) and HitecVision, have awarded front-end engineering and design (FEED) contracts to two partnership for the delivery of 560 MW GreenVolt floating wind farm offshore Scotland…

Saudi Aramco Engages Subsea7 for Pipeline Replacement at Abu Safah Field

Dec 12, 2024

Saudi state-owned oil giant Aramco has hired Subsea7 for the replacement of pipeline at its Abu Safa field, offshore Saudi Arabia, under contract worth up to $300 million.The contract scope includes the decommissioning of existing subsea facilities as well as engineering…

ABL Expands Its FPSO Expertise with Latest Acquisition

Dec 05, 2024

ABL Group has entered into an agreement to acquire Brazil-based naval architecture and engineering consultancy Proper Marine, increasing its expertise in floating production storage and offloading (FPSO) sector.Proper Marine will be merged with ABL’s design and engineering arm Longitude…

BP Puts Wood in Charge of Engineering Scope for Capital Projects

Dec 05, 2024

Consulting and engineering firm Wood has signed three major agreements with BP to provide engineering and project delivery services for its capital onshore and offshore projects worldwide.The contracts cover a new master services agreement (MSA) for Engineering…

TVO Selects Collins to Head Australian Ops

Dec 02, 2024

Trendsetter Vulcan Offshore (TVO) appointed Russell Collins as Country Manager, Australia, to head up the company’s newly opened office in Perth.“As more demand arises for TVO services in Australia and Southeast Asia, we are investing to make…

Seadrill’s Drillships Getting Ready to Start Work Off Brazil

Nov 21, 2024

Offshore drilling contractor Seadrill has welcomed West Auriga and West Polaris drillships back to its fleet, which are now entering final preparations ahead of their assignments for Petrobras offshore Brazil.West Polaris and West Auriga are sixth and seventh generation ultra-deepwater drillships…

DNV, Seatrium Team Up for Innovation in Marine and Offshore

Nov 18, 2024

DNV has signed a memorandum of understanding (MoU) with Seatrium to cooperate on strategic activities and projects in the areas of engineering, technology and new product design, with key focus on floating offshore energy solutions.Under the MoU…

LR and SHI Join Forces for Green Ammonia FPSO System

Nov 15, 2024

Lloyd’s Register (LR) has signed a memorandum of understanding (MoU) with Samsung Heavy Industries (SHI) for the joint development of a floating production, storage, and offloading (FPSO) system for green ammonia. The FPSO process has been widely used in the oil and gas industries…

Archer and Elemental Energies Set Up P&A Well Engineering JV

Nov 13, 2024

Well engineering specialist Elemental Energies and drilling and well services company Archer have entered into joint venture (JV) agreement to deliver integrated plugging and abandonment (P&A) services to global decommissioning projects.The…

Friede & Goldman Model Tests Its BargeRack Solution

Oct 15, 2024

Houston-based offshore engineering firm Friede & Goldman (F&G) announced it has completed model testing for its BargeRack offshore wind feeder solution at the MARIN maritime research institute in the Netherlands, bringing F&G closer to commercializing the technology…

C-Innovation Awarded IMR Contract from BP

Oct 14, 2024

Edison Chouest Offshore (ECO) affiliate C-Innovation (C-I) on Monday announced it has signed a new three-year contract with bp for field development, and inspection, maintenance and repair (IMR) work.The contract, which has options for two one-year extensions…

Petrodive to Expand Commercial Diving Activities to Asia Pacific Region

Oct 09, 2024

Diving company Petrodive has signed collaboration agreement with subsea services firm Seatech Engineering Maintenance to work together on commercial diving activities in Malaysia’s Sabah state, with the focus on oil and gas developments.To accomplish their objectives…

Petrofac to Support Marathon Oil’s Activities in Equatorial Guinea

Oct 09, 2024

Oilfield services provider Petrofac has secured a new master service agreement (MSA) with Marathon Oil to support its key onshore and offshore assets in Equatorial Guinea.Under the agreement Petrofac will provide technical authority and discipline engineering support…

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