Houston-headquartered offshore drilling contractor Rowan Companies, Inc. (NYSE: RDC) today announced a plan that would see the company’s legal domicile change from Delaware to the United Kingdom (U.K.). Rowan says that the
Two leading South Korean shipbuilders announced big orders today related to Liquefied Natural Gas. Hyundai Heavy Industries, the world’s biggest shipbuilder, today said that it had won orders worth $1.1 billion for
Höegh LNG reports that has been informed by AB Klaipedos Nafta that Höegh LNG made the winning tender offer for a new LNG floating storage and regasification unit in Lithuania. A mandatory
OSX Brasil S.A. reports that subsidiary OSX Construção Naval S/A has received a $227.9 million disbursement under a bridge loan entered into with the Brazilian Economic and Social Development Bank (BNDES), for
Liquefied Natural Gas (LNG) has emerged as an increasingly important clean energy source, particularly following the devastating earthquake and tsunami that struck Japan and triggered one of the world’s worst nuclear disasters.
Two newbuild Floating Storage and Regasification Units (FSRUs) are to have Hamworthy regasification systems. The 170,000 cu.m storage capacity vessels, owned by Hoegh LNG, are being built at South Korea’s Hyundai Heavy
MAN Diesel & Turbo reports the first order for its second- generation EGR (exhaust gas recirculation) system. It is to be fully integrated within the MAN B&W 6S80ME-C9 main engine of a
Drilling contractor Rowan Companies, Inc. (NYSE:RDC) reported results for the three months ended September 30, 2011, that included net income from continuing operations of $31.4 million or $0.25 per share, compared to
First VLCC Order with the New G-Type Engine Greek ship management company Almi Tankers S.A. is set to establish itself as a market front runner with the new ultra long stroke G-type
Noble Corporation (NYSE:NE) today announced that a subsidiary has exercised its option with Hyundai Heavy Industries Co. Ltd. (“HHI”) for the construction of an additional ultra-deepwater drillship, the fourth such drillship to
