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McDermott secures subsea fabrication deal from FMC Technologies
2015-03-04 - McDermott International, Inc. has been awarded a sizeable manifold and subsea safety isolation valve module fabrication contract by FMC Technologies for the Jangkrik fields located offshore Kalimantan, Indonesia. The contract was included in McDermott’s fourth quarter backlog and is expected to be completed by the first qu..
Asians buy 75 pct of Gorgon field gas (Australa)
2015-01-21 - Chevron has signed a deal with SK LNG Trading, a part of an industrial conglomerate in South Korea, to sell 4.15 million tons of LNG over a five-year period starting in 2017. During the time of this agreement, over 75 percent of Chevron's equity LNG from Gorgon offshore gas project will be committed to customers in Asia. ..
HHI names new COO for Offshore division
2015-01-06 - South Korea's Hyundai Heavy Industries (HHI), one of the world’s biggest shipbuilders and an offshore facilities contractor, has Park Jong-bong, executive vice president, to senior executive vice president, and appointed him as a new COO of its Offshore & Engineering Division. Park who has taken over from Kim Jong-do,..
SKILLED to buy OMSA
2014-11-18 - SKILLED Group today announced that it will move to 100% ownership of the Offshore Marine Services Alliance joint venture (OMSA) and intends to combine OMSA and its existing Broadsword Marine operations to create a single marine services business with broad operational and project capability. SKILLED currently has a 50% int..
Chevron Q3 profit jumps
2014-10-31 - Chevron Corporation today reported earnings of $5.6 billion ($2.95 per share – diluted) for third quarter 2014, compared with $5.0 billion ($2.57 per share – diluted) in the 2013 third quarter. Foreign currency effects increased earnings in the 2014 quarter by $366 million, compared with a decrease of $276 million a year e..