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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
South Korean shipbuilder Samsung Heavy Industries (SHI) has successfully completed the processing platform (P1) for Johan Sverdrup Field development and delivered it to Equinor according to the scheduled delivery date stated in the original contract…
Norway's offshore safety watchdog said it has launched a probe into a fire that broke out on the West Phoenix mobile drilling unit on Monday.The fire reportedly broke out the West Phoenix mud laboratory while the rig was drilling for Equinor in the Norwegian Sea…
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…
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…
