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Chinas First Deep-Water Rig with DNV Class Delivered

China’s first deep-water semi-submersible drilling platform, COSLPIONEER, was delivered from Yantai CIMC Raffles for COSL recently. It represents another milestone to China’s offshore industry in the offshore engineering arena, which is presently dominated by yards in South Korea and Singapore.

LNG-Powered Shipping May Jump 10-Fold

The number of ships powered by liquefied natural gas may jump 10-fold within five years as anti-pollution rules force owners to switch to the cleaner- burning fuel, the industry’s biggest engine maker said.

HHI to Name the World’s Largest

HHI today held a naming ceremony for the Usan FPSO, the world”s largest floating production storage and offloading facility. The Usan FPSO can refine 160,000 barrels of oil and 5 million cubic metres of gas daily. It has storage for 2 million barrels of oil.