Daewoo Company News

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Saipem Makes Global Onshore Deal with Daewoo
Monday, November 11, 2019 Saipem and Daewoo E&C will cooperate on targeted onshore projects worldwide, particularly in LNG.

Saipem-led JV Wins Contract for LNG Project in Nigeria
Friday, July 13, 2018 Nigeria LNG is a venture including Nigerian National Petroleum Corporation and oil majors Royal Dutch Shell, Total and Eni.

Woodside Discovers Gas at Thalin-1A Well Offshore Myanmar
Friday, February 12, 2016 Woodside discovers gas at Thalin-1A prospect in deepwater Block AD-7 in the Rakhine Basin offshore Myanmar.

Deep-Sea Plan Fails, Leaving Korean Shipyards Struggling
Monday, July 27, 2015 The deep-ocean strategy is coming back to bite South Korean shipyards.

Daewoo Names New Chief After Ex-CEO Quits Over Myanmar Gas Sale Spat
Wednesday, June 17, 2015 Daewoo International gets new chief after former CEO resigned over a disagreement with parent company POSCO to sell its offshore gas assets in Myanmar.

Japan's MOL To Launch Arctic Ocean LNG Route From Russia's Yamal In 2018
Wednesday, July 09, 2014 Japan's Mitsui OSK Lines is to begin transporting liquefied natural gas through the Arctic Ocean in 2018 using icebreaking LNG tankers.

Iraq Approves S.Korea's Daewoo $588.8M Oilfield Contract
Tuesday, April 15, 2014 Iraq's cabinet approves a $588.8M oilfield service contract with Daewoo Engineering & Construction for the development of the Zubair oil field.

PTT Budgets $616M for Phase 2 LNG Plant in Rayong, Daewoo-IHI Wins EPC Deal
Monday, March 31, 2014 PTT to spend $616 million to develop phase two of a liquefied natural gas plant in Man Ta Phut in Rayong, Thailand, with an engineering, procurement and construction contract awarded recently to Daewoo-IHI joint venture.

Iraq Signs $690M Barrier Contract With S.Korea's Daewoo
Tuesday, November 26, 2013 Iraq signs a contract with South Korea's Daewoo to build a sea barrier at its planned Grand Faw port in the south of the country.

S.Korea's Daewoo E&C Wins $709M Iraq Gas Field Contract
Monday, July 29, 2013 Daewoo Engineering & Construction wins a $709 million service contract to develop Iraq's largest gas field in the western province of Anbar.

KCA Deutag Wins Contracts in Gabon, Myanmar
Friday, June 21, 2013 Drilling contractor KCA Deutag wins deals in Gabon and Myanmar.

Woodside's Net Profit Leaps to $2.98B on Strong Delivery from Pluto
Wednesday, February 20, 2013 Woodside clocks full-year net profit at $2.98 billion, up 97.9 percent from a year earlier as Pluto project delivers better-than-expected operational results.

Technip Wins Offshore LNG Services Contract from Petronas
Wednesday, June 06, 2012 Technip and PETRONAS ink a services contract for a offshore Malaysia-based FLNG facility

ABB Scores Order for Subsea Pipeline Construction Vessels
Thursday, May 17, 2012 ABB recently won an order from Daewoo to supply energy efficient propulsion and electrical power systems for two new deep sea pipeline installation vessels off the coast of Brazil.

Atwood Books Ultra-Deepwater Rig
Tuesday, October 18, 2011 Atwood has entered into a turnkey construction contract with DSME to construct an ultra-deepwater drillship for approx. $600MM.

Aker Wins Daewoo Contract for New Deepwater Drillship
Friday, June 17, 2011 Aker Solutions has won a contract from Daewoo to supply a complete drilling equipment package for a new deepwater drillship.

Atwood Contracts Construction of New Ultra-Deepwater Drillship
Monday, January 31, 2011 Atwood has executed a turnkey construction contract with Daewoo to construct an ultra-deepwater drillship, worth approx. $600MM.

Daewoo to Build LNG FPSO for $2.5B PNG Project by 2014
Monday, December 20, 2010 Daewoo will build an LNG FPSO facility for a $2.5B Papua New Guinea project, paving the way for further international orders.

GE Lands Equipment Orders Offshore Brazil
Wednesday, November 03, 2010 GE's drilling & production business has been awarded two contracts offshore Brazil by Daewoo Shipbuilding & Marine Engineering.

SGS Carries Out First Phased Array Inspection in Nigeria
Monday, January 25, 2010 SGS has carried out Phased Array Inspection in Nigeria for Daewoo E & C Co Ltd at the Gbaran Ubie Integrated Oil & Gas Project.

Daewoo Shipbuilding Bags $400MM Order from ExxonMobil
Monday, January 11, 2010 South Korea-based Daewoo Shipbuilding announced Friday the award of a $400 million order from Exxon Mobil Corp. to build an offshore plant for a Russian oil and gas development.

Daewoo Shipbuilding Bags $1.1B Drillship Order
Friday, December 18, 2009 Daewoo Shipbuilding has confirmed two awards today, one of which is a $1.1 billion order from a company in the Americas for two drillships.

Daewoo Shipbuilding to Build Drill Ships for Petrobras
Tuesday, December 15, 2009 Daewoo Shipbuilding & Marine Engineering Co. will build more than $1 billion worth of drill ships for Petrobras, making it the first South Korean company to get a contract from Brazil's state-run oil company.

Aker Aces Contract for Delivery of Deepwater Drilling Riser System
Wednesday, March 11, 2009 Aker Solutions was awarded a $36.5 million contract for the delivery of a deepwater drilling riser system to Daewoo Shipbuilding & Marine Engineering.

Vantage Scores Multi-Year Contracts for 2 Ultra-Deepwater Drillships
Monday, March 02, 2009 Vantage has secured multi-year contracts for two ultra-deepwater drillships with ONGC and Petrobras.

South Korea Cos Mull Barter of Drill Ships for Oil Deals with Brazil
Wednesday, January 07, 2009 Brazil has proposed that South Korean shipbuilders exchange drill ships or FPSO platforms for a stake in the country's Santos oil fields.

Aker Aces 2 Drilling Equipment Contracts from Daewoo for $235MM
Friday, September 12, 2008 Aker was awarded two contracts by DSME in Korea for delivery of drilling equipment for two ultra deepwater drillships. The total contract value for Aker is approximately US $235 million.

Aker Snags Another Daewoo Drilling Equipment Contract
Friday, August 29, 2008 Daewoo awarded Aker Solutions a US $105 million drilling equipment contract for a new semisub scheduled for delivery in the second quarter of 2011.

Aker Aces $35MM Deepwater Riser System Contract for Daewoo
Monday, August 25, 2008 Aker Solutions was awarded another contract for delivery of a deepwater drilling riser system to Daewoo Shipbuilding & Marine Engineering. Contract value is approximately USD $35 million.

Aker Aces 2 Contracts for Drilling Equipment
Monday, July 14, 2008 Aker was awarded two contracts with Daewoo Shipbuilding & Marine Engineering in South Korea for the delivery of identical drilling equipment packages for Odebrecht's two new drillships.

CNPC Inks MOU in Myanmar
Thursday, June 26, 2008 CNPC, Myanmar Gov and Daewoo sign MOU for transportation of natural gas from Myanmer offshore blocks A-1 and A-3.

RDS Secures 2 Contracts Worth US $4MM
Tuesday, June 10, 2008 Samsung Heavy Industries awarded RDS a contract for the design and engineering of the drilling system and substructure of a semisub. Daewood awarded RDS a contract for the conceptual engineering of the drilling mud and bulk system of a drillship.

CNPC, Daewoo Solidify Joint Exploration Project in Myanmar
Thursday, May 29, 2008 CNPC and Daewoo International signed a MOU of joint exploration project in Myanmar.

KBR Awarded Contract to Provide Services for Pazflor FPSO Topsides
Monday, February 04, 2008 KBR has been awarded a contract by Daewoo Shipbuilding and Marine Engineering Company, Ltd. to provide topsides engineering, procurement and interface design services for a FPSO vessel on the Pazflor project, operated by Total in Angola.

Aker Kvaerner Pens 2 Contracts with Daewoo for Drilling Riser
Thursday, January 17, 2008 Aker Kvaerner takes further strides into the booming Asian market by signing two contracts with Daewoo Shipbuilding & Marine Engineering (DSME).

Daewoo Awards Drilling Equipment Contract to Aker Kvaerner
Friday, November 09, 2007 Aker Kvaerner has been awarded two drilling equipment contracts by Daewoo for a total of US $213 million.

Daewoo Verifies Myanmar Gas Reserves
Wednesday, August 22, 2007 Daewoo International announced that its reserves in Myanmar were officially confirmed to have 5.4 to 9.1 trillion cubic feet of natural gas.

Discoverer Clear Leader Marks Keel-Laying Milestone
Thursday, August 16, 2007 The construction team for the Transocean ultra-deepwater drillship Discoverer Clear Leader today celebrated the keel-laying, an event that marks the beginning of the final assembly of the rig's many sections into a single hull inside a dry dock.

Daewoo, Industrial Perforadora to Build Deepwater Rig
Wednesday, August 08, 2007 South Korea's Daewoo Shipbuilding and Mexico's Industrial Perforadora de Campeche have signed an agreement to build a semisubmersible to be used for deepwater drilling.

Korea Daewoo Shipbuilding Gets KRW578.9B Drilling Rig Order
Tuesday, July 24, 2007 Daewoo has received a $633 million order from a Latin American country to build a semisubmersible drilling rig by August 2010.

Daewoo Takes Stake in Zhambyl Oilfield
Thursday, June 21, 2007 Daewoo is gearing up for an energy and resources development business by recently securing a 5% share of the Zhambyl oilfield located in the Kazakhstan sector of the Caspian Sea.

Odfjell Invest Wins Long Term Contract with Statoil
Friday, April 13, 2007 Odfjell Invest has received a Letter of Award from Statoil for the Deepsea Atlantic which is currently under construction at Daewoo in South Korea.

COSL Reaches 1,500-day Mark for NH2 Safety
Friday, April 13, 2007 China Oilfield Services Limited (COSL) on Friday announced that its NH2 semi-submersible rig had accomplished 1,500 consecutive days of safe operation.

ABB Wins $110M in Marine Orders
Friday, March 30, 2007 ABB has signed contracts worth more than $110 million to supply Azipod propulsion, power-generation and power-distribution systems for 19 new vessels being built in Europe and Asia.

KNOC, Other South Korean Cos to Jointly Develop Canada Oil Sands
Friday, March 16, 2007 State-run Korea National Oil Corp. said Friday it has signed an initial agreement with 13 other South Korean companies to jointly develop blocks in Canada's oil sands.

Siemens to Supply Compressor Trains for Projects in Qatar, Nigeria
Friday, March 09, 2007 Siemens Power Generation (PG) has received two orders for compressor trains for oil and gas projects in Qatar and Nigeria.

Odfjell Exercises Option for Second Semisub
Friday, February 23, 2007 Odfjell Invest Ltd. has resolved to declare its option to construct one semisubmersible drilling rig (Rig 2) at Daewoo Shipbuilding & Marine Engineering in South Korea.

Mustang to Design Second West Africa CPT for Chevron
Thursday, February 08, 2007 Daewoo has selected Mustang Engineeringto perform detail design services for a Compliant Piled Tower (CPT) for the Tombua-Landana Development Project in approximately 1,200 feet of water offshore Angola.

DSME Reaches Safety Milestone on Agbami FPSO Project
Tuesday, February 06, 2007 As of January 10, 2007, Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME) accomplished 4 million work-hours incident-free during the construction of the Agbami FPSO.

DSME Marks Steel Cutting for West Hercules Semisub
Tuesday, November 07, 2006 On the 1st of November, the steel cutting ceremony for H.3019, Seadrill West Hercules Project, took place.