AMEC & Samsung Form Offshore Market J/V

Press Release
Thursday, October 25, 2012

AMEC forms a joint venture with Samsung Heavy Industries & Samsung Engineering to serve the offshore energy sector.

AMEC will  carry out design engineering for fixed and floating offshore platforms, FPSOs and subsea pipelines for Samsung’s future offshore oil and gas projects.

The joint venture, which is subject to final regulatory approvals, has been named AMEC Samsung Oil and Gas LLC (ASOG). It is 51 per cent-owned by Samsung and 49 per cent by AMEC and will be based in Houston, Texas, United States. It will bring together AMEC’s world-renowned design engineering capability and extensive experience in offshore projects and Samsung’s leading project management expertise and shipbuilding technology.

Samsung intends to use ASOG for future FEED (front end engineering design) and detail design of offshore projects, which will strengthen its core competence to meet the needs of its fast-growing offshore business.

Andy Sallis, President of AMEC Oil & Gas Americas, said: “The ASOG joint venture will provide Samsung a wealth of broad-ranging and in-depth expertise for offshore projects. It is an exciting prospect and we look forward to a long and fruitful relationship.”

Mr C H Park, Chief Technology Officer of Samsung Heavy Industries, said: “We are delighted to collaborate with a leading offshore engineering firm such as AMEC. Through this dynamic partnership, we look forward to sharing our expertise and expanding our competencies and presence in this fast-growing offshore industry.” 


 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Matson Announces Q2 Dividend of $0.18/Share

The Board of Directors of Matson, Inc. today declared a second quarter dividend of $0.18 per common share. The dividend will be paid on June 2, 2016 to all shareholders

Subsea 7 Profits Dip in Q1

Subsea 7 S.A. announced its financial results for the first quarter ending March 31, 2016, reporting revenues of $746 million, down 37 percent from the prior year period.

WCI's Toohey Applauds WRDA 2016 Bill

Waterways Council, Inc. (WCI) President/CEO Michael J. Toohey issued a statement regarding today’s mark-up and passage of the Water Resources Development Act (WRDA)

Offshore

Subsea 7 Profits Dip in Q1

Subsea 7 S.A. announced its financial results for the first quarter ending March 31, 2016, reporting revenues of $746 million, down 37 percent from the prior year period.

Challenges for Offshore Exploration

The oil discoveries are down 47% y-o-y on an annualised basis so far in 2016, global rig utilisation has dropped 22 percentage points to 73% in two years, and 29% of seismic units are inactive,

Sembcorp Profit Halved as Clients Defer Projects

Revenue falls 30 pct; order book at S$9.7 billion. Singapore rig-builder Sembcorp Marine's quarterly profit halved as customers deferred projects, and it faces

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Pipelines Salvage Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0923 sec (11 req/sec)