SEOUL -(Dow Jones)- Daewoo Shipbuilding & Marine Engineering Co. (042660.SE) said Tuesday that it has signed an initial pact with companies that own the Tamar gas field in Israel that could lead to a series of orders for LNG-floating production storage & offloading units.
The companies involved in the Tamar field include Noble, Delek and Isramco, the South Korean shipbuilder said in a statement.
“We expect to receive a series of orders to build high-end LNG-FPSOs” from the projects, a company spokesman said by telephone.
Israel has significant reserves of 2.8 trillion cubic meters in its offshore areas, Daewoo Shipbuilding said in the statement.
-By Kyong-Ae Choi, Dow Jones Newswires
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 108,881 members that receive our newsletter.
Have a news tip? Let us know.
Israel ended the Hamas ceasefire with deadly airstrikes across Gaza, days after the US ordered an offensive against the Houthis in an escalation of hostilities against Iran-backed militant groups.
Yemen's Houthis will not "dial down" their action against Israeli shipping in the Red Sea in response to U.S. military pressure or appeals from the group's allies such as Iran, the Yemeni militant group's foreign minister said.
The Environmental Protection Agency (EPA) has suspended permits for the Atlantic Shores Offshore Wind Project off New Jersey’s coast following a January 2025 Presidential directive that ordered an immediate halt...
Maritime and offshore news trusted by our 108,881 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
