Hyundai Heavy Awarded $750M Order

Thursday, January 02, 2003
Hyundai Heavy Industries Co. has received a $760 m order from Exxon Mobil Corp. to assemble an offshore facility that can extract, refine and store crude oil. Hyundai Heavy is to install the facility in Angola's Kimzomba field by June 2005, and deliver it a month later after test-runs. Hyundai Heavy has also won a $160 million offshore facility construction order from China's ACT-OG, a joint venture of CNOOC Ltd. (CEO), Chevron Overseas Petroleum, Texaco China B.V. and Operators Group.

Contracts

BP, ExxonMobil, ConocoPhillips 'Quit' Alaska LNG Project

BP, Conoco Phillips, and Exxon Mobil said that the 65-billion dollar megaproject would be too unprofitable for them to move into the next phase of development.

C-Job Designs Flettner Freighter for Switijnk

The Dutch shipping company family Switijnk has contracted C-Job Naval Architects to develop a Rotor Sail-equipped design to meet their specific loading and sailing profile.

Yangzijiang Shipbuilding to Slash 2,000 More Jobs

Chinese shipbuilder Yangzijiang Shipbuilding Holdings Ltd said it plans to cut 2,000 additional jobs, just under 10 percent of its current workforce, stepping up

 
 
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