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…
Cobalt International has agreed to terminate its long-term contract for the Rowan Reliance drillship. The drilling contract was originally due to terminate on 1 February 2018. Instead, it will now end on 31 March 2017. Cobalt says it…
Bollsta Dolphin, Fred. Olsen Energy and Hyundai Heavy Industries have resolved their dispute and differences relating to the newbuilding contract for the semisubmersible drilling rig Bollsta Dolphin. Ownership of the platform will be retained by HHI…
Statoil's Aasta Hansteen Spar development substructure has reached its complete form in its yard in South Korea. The Spar will be the world's largest Spar platform weighing in at a whopping 70,000-tonne, and Norway's first Spar development…
Centrifugal pump firm Amarinth has secured an order for bespoke utility and fresh water pumps from Hyundai Heavy Industries (HHI) for a platform being built for ADMA-OPCO to operate in the Nasr oil field, offshore of Abu Dhabi. Amarinth…
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)…
ABS has granted approval in principle (AIP) to a Hyundai Heavy Industries (HHI) floating liquefied natural gas (FLNG) hull design. Specifically conceptualized for near-shore operations, the vessel was designed with a length of 1050ft (320m)…
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…
The living quarters module for Statoil's Aasta Hansteen development, offshore Norway, have been lifted onto the project's SPAR topside. The topside is currently being constructed in Hyundai Heavy Industries yard in Ulsan, South Korea…
Saudi Aramco, Dubai based rig builder and engineering firm Lamprell, the national shipping company of Saudi Arabia (Bahri) and Hyundai Heavy Industries have signed a memorandum of understanding over establishing a Maritime Complex in Saudi Arabia…
Statoil has released a video of a heavy lift as part of its Aasta Hansteen spar integration in Hyundai Heavy Industries' yard in South Korea. Weighing 2200-tonne and measuring 50 X 20 X 25m, the heavy lift of this 'mega module' was a…
Saudi Aramco and Hyundai Heavy Industries (HHI) have signed a general memorandum of understanding (MoU) to jointly collaborate on business development opportunities in Saudi Arabia. The MoU lays out a comprehensive, multi-faceted business cooperation framework in areas such as engineering…
Fred Olsen Energy has formally declared that construction contract for a newbuild semisubmersible rig which was originally destined for development drilling at the Chevron-operated Rosebank oil development in the UK West Shetlands region has been cancelled…
ABS entered into a memorandum of understanding with Hyundai Heavy Industries (HHI), Daewoo Shipbuilding and Marine Engineering (DSME) and Samsung Heavy Industries (SHI) to establish a joint industry project (JIP) with leading operators, drilling…
KNOT Offshore Partners announced that it has completed its acquisition of the ownership interests in the company that owns and operates the shuttle tanker Ingrid Knutsen for an aggregate purchase price of $115.0 million. KNOT has financed the purchase price with cash in hand…
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