Search results for: USD 400 Mln

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  • 20 August 2013

    Samsung Heavy Industries Co Ltd announced today in its regulatory filing that the company has secured an order worth USD 400 million for the construction of two LNG carriers. The order came from an unnamed North American ship owner. The company also said that the vessels are planned to be delivered by the end of […]

  • 27 January 2014

    Höegh LNG said it has received commitments letters from seven international banks for a USD 400 million Senior Secured Credit Facility for the financing of FSRU #3 and FSRU #4. The facility has a five year post delivery tenor and a fifteen years repayment profile. The facility is without charter employment requirements and available also […]

  • 14 June 2013

    The Associated Petroleum Industries of Pennsylvania (API-PA), a division of the American Petroleum Institute, welcomed the Pennsylvania Public Utility Commission’s (PUC) announcement detailing how local governments are benefiting from the local impact fee revenues collected from natural gas operations in their communities. “Shale energy production has been generating huge revenues for Pennsylvania – in addition […]

  • 15 October 2018
    Operations & Maintenance, Project & Tenders

    Saipem has signed new offshore E&C contracts in Azerbaijan, the North Sea and the Republic of Congo with the overall value of approximately USD 400 million. In Azerbaijan, Total has awarded a SURF contract to the consortium between Saipem’s subsidiary, Saipem Contracting Netherlands, Boshelf and Star Gulf, for the development of the Absheron field operated […]

  • 27 March 2012
    Business & Finance

    BP announced today that it has agreed to sell its interests in its southern gas assets (SGA) in the UK North Sea to Perenco UK Ltd for $400 million in cash. As it continues the active management of its business portfolios around the world, focusing on core activities and future growth, BP expects to divest […]

  • 20 August 2013

    Samsung Heavy Industries (SHI) of South Korea has secured a contract for two LNG carriers worth $400 million. SHI revealed in a regulatory filling to the Korea Stock Exchange that it will deliver the two liquefied natural gas tankers by October 2016 to an unrevealed company from North America. SHI specializes in building high added-value […]

  • 21 October 2018
    Business & Finance

    Subsea World News has put together a recap of the most interesting articles from the previous week (October 15 – October 21). Saipem Nets USD 400 Mln Worth of Offshore Contracts The Underwater Centre Placed into Administration Steinar Riise Switches from Ocean Installer to DOF Subsea DeepOcean Wins OZ Gig Edvard Grieg Job for Rosenberg […]

  • 17 February 2015
    Business & Finance

    Very Large Gas Carrier (VLGC) owner BW LPG has signed an agreement for a debt facility worth up to USD 400 million for financing seven of its VLGC newbuildings. The loan comprises an ECA tranche of up to USD 268 million, representing approximately 67% of the facility amount, and a commercial tranche of up to […]

  • 27 January 2014
    Business & Finance

    Höegh LNG has received commitments letters from seven international banks for a USD 400 million Senior Secured Credit Facility for the financing of FSRU #3 and FSRU #4. The Facility has a five year post delivery tenor and a fifteen years repayment profile. The Facility is without charter employment requirements and available also for pre-delivery […]

  • 14 March 2012

      Fednav Limited, the largest international maritime bulk carrier in Canada, yesterday marked the first visit of its latest addition to its fleet to Canada. Vessel Federal Sable, a bulk carrier of 37,200 DWT, was built by Chinese Zhejiang Ouhua Shipbuilding. This new addition will reduce the environmental impact of the Fednav fleet while introducing a […]

  • 27 February 2012

      Golar LNG Ltd. has entered into firm contracts with Samsung Heavy Industries Co. Ltd for a further two LNG carriers. The two additional vessels, each with a capacity of 160,000 cbm have a combined total cost of slightly above $400 million. The first of the carriers is scheduled for delivery in the second quarter […]

  • 25 August 2013

    Keppel FELS Wins USD 280 Mln Accommodation Vessel Contract Keppel FELS Limited has been awarded a contract worth about US$280 million by Floatel International Ltd, to build its fifth accommodation semisubmersible (semi) for delivery in 4Q 2015.Keppel FELS previously delivered the accommodation semis, Floatel Superior and Floatel Reliance, in 2010 and is currently constructing two […]

  • 29 February 2012

      Hyundai Mipo Dockyard, subsidiary of Hyundai Heavy Industries, has secured USD 250 million order, from Kuwait Oil Tanker Company to fabricate four MR chemical tankers. Hyundai Mipo won the order as the best bidder out of the three finalists. Under the tender name Design, Construction and Delivery of FOUR (4) MR TANKERS(NB11,NB12,NB13,NB14), released in […]

  • 6 March 2015
    Business & Finance

    ABB Group has released the annual report for 2014, that records a lower net income of 6.9 percent compared to year earlier. Net income in 2014 amounts to EUR 2.594 mln, which is 6.9 percent lower than in 2013. ABB Group records an increase in orders of 6.7 percent to a year earlier, which totals […]

  • 17 March 2014

    A dredging project in the Sacramento and Stockton deep water ship channels will cost between USD 10 mln and 30 mln, according to the U.S. Army Corps of Engineers, Sacramento District. The time window for dredging in these areas, California’s Sacramento and San Joaquin River Delta, is from August 1 through November 30, each year, […]

  • 24 November 2013
    Business & Finance

    1. McDermott Nets EPCI Contract in Arabian Gulf McDermott International, Inc. (“McDermott”) announced that one of its subsidiaries was awarded an Engineering, Procurement, Construction and Installation (EPCI) project for a customer in the Arabian Gulf. The value is approximately US$ 200 million and will be included in McDermott’s fourth quarter 2013 backlog. 2. Fugro Expands […]

  • 31 July 2014
    Business & Finance

    South Korean Shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) has won an order for four very large crude carriers (VLCCs) from Greek shipowner John Angelicoussis, DSME informed.   The deal is worth USD 400 million, around 98 mln per vessel, and has been inked with Maran Tankers Management, part of Angelicoussis Group. Under the deal, […]

  • 8 May 2015
    Authorities & Government, Business & Finance, Research & Development, Technology

    The forum is created to support teams, investors, and contributors interested in forming partnerships for participating in Wave Energy Prize competition. The forum serves as a ‘classified ad’ section, and can be used by teams or individuals to advertise needs for additional expertise to round out their team skill sets and talents. Individuals and/or organizations with […]

  • 2 April 2015
    Authorities & Government

    United Nations Environment Programme (UNEP) has released Global Trends in Renewable Energy Investment 2015 report that shows 17 percent increase in the investments in renewable energy sector. The report states that a decline in technology costs means that every dollar invested in renewable energy bought significantly more generating capacity in 2014. The generating capacity by renewables […]

  • 5 June 2012

    Eidesvik has entered into a contract with Kleven Maritime for building of a large subsea vessel with delivery Q2 2014. The contract has a value of above 1 billion NOK (approx USD 165 Mln) and is the largest single investment in the company’s history. The vessel has a length of 145 m and a beam […]

  • 14 June 2012

    STX OSV Holdings Limited (STX OSV), one of the major global designers and shipbuilders of offshore and specialized vessels, has secured a contract for the design and construction of a large, advanced Offshore Subsea Construction Vessel (OSCV) for Ocean Installer and Solstad Offshore. The contract value amounts to approximately NOK 1.4 billion (approx USD 234.3 […]

  • 16 July 2012

    Kleven Maritime has signed a contract with Remøy Shipping on the delivery of a LNG powered platform supply vessel. The vessel is to be built at Kleven Maritime’s shipyard Kleven Verft. Total contract value for Kleven is around 400 million NOK(approx USD 65.5 mln). In addition, the contract also includes an option for a further […]