Oil Transport Infrastructure News

ABB wins $18 million order for subsea pipeline construction vessels. Zurich, Switzerland, May 16, 2012 -- ABB, the leading power and automation technology group, recently won an order worth $18 million from Daewoo to supply energy efficient propulsion and electrical power systems for two new deep sea pipeline installation vessels that will build oil transport infrastructure off the coast of Brazil. The order was booked in the first quarter. South Korean shipyard Daewoo Shipbuilding and Marine Engineering (DSME) will build the vessels.