Japan's Kawasaki Heavy Industries (KHI) has ordered the first commercial unit of a new Corvus Energy high-density lithium-ion capacitor energy storage system (ESS) Blue Marlin.According to Corvus, which plans to market the system to the offshore energy market…
Shares in South Korean shipbuilders rallied more than 20% on Tuesday following $19 billion worth of deals to build vessels for Qatar Petroleum (QP).QP said on Monday it has signed agreements with South Korea's 'Big 3' shipyards to secure more…
Saudi Arabia's sweltering summer may complicate the kingdom's pledge to deepen oil production cuts.Curbing crude output means lower production of associated gas, a byproduct of crude extraction, which Saudi Arabia uses to power air conditioners…
Singapore-based FPSO module specialist Dyna-Mac and China's offshore equipment and vessel builder China Merchants Heavy Industry Holdings (CMHIH) have entered into a joint venture deal.Under the agreement, the two companies will create the DM-CMHI Heavy Industry company in China…
Japanese industrial giant Kawasaki Heavy Industries has contracted the Norwegian underwater drone specialist Stinger, to help it test its prototype AUV (Autonomous Underwater Vehicle).Stinger said last weekend that it would provide Kawasaki…
Offshore Heavy Transport’s (OHT) new semi-submersible wind farm foundation installation vessel Alfa Lift reached yet another step forward towards delivery, with its first launching last week.The hull was launched into the water for the first time…
The construction of the 48,000 dwt semi-submersible offshore wind farm foundation installation vessel, Alfa Lift, is progressing at the China Merchants Heavy Industry (CMHI) shipyard.CMHI has installed 78 out of 162 blocks in the dock of Offshore…
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…
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…
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…
Seaway 7, Subsea 7's renewables and heavy lifting business unit, has won a contract from Jan de Nul for the Formosa 2 Offshore Wind Farm project in Taiwan.The contract scope includes the transportation, pre-piling and installation of 47 jacket foundations for wind turbines…
Kawasaki Heavy Industries (KHI) and Corvus Energy have reached a licensing agreement for a novel lithium-ion capacitor (LiC) technology developed by Corvus for KHI.The LiC-based energy storage systems (ESS) to be sold by Corvus to offshore vessels and oil rigs globally…
Mammoet, the privately held Dutch company specialized in engineered heavy lifting and transport of over-sized and heavy objects, said it has signed an agreement to acquire fellow international heavy lifting and transport specialist ALE.No further…
Seabed deployed remotely operated underwater vehicles (ROV) are already here. Since early last year, IKM Subsea has been operating its Merlin UCV R-ROV (resident ROV) from a cage placed beneath Norwegian operator Equinor’s Snorre B production facility offshore Norway…
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…
