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Saudi Aramco has signed a land lease agreement with McDermott Arabia Company, Ltd., a subsidiary of McDermott International, Inc. to grant McDermott a lease to establish a fabrication facility located within the King Salman International Complex for Maritime Industries in Ras Al-Khair, Saudi Arabia. This is pursuant to a Memorandum of Understanding signed between Saudi Aramco and McDermott.

BP has announced that it has established a $100 million fund for projects that will deliver new greenhouse gas (GHG) emissions reductions in its Upstream oil and gas operations. The new Upstream Carbon Fund will provide significant further support to BP’s work generating sustainable greenhouse gas emissions reductions in its operations.

MacGregor, part of Cargotec, has received an order from China National Offshore Oil Corporation (CNOOC) to supply the on-vessel mooring system for a deepwater Floating Production Unit (FPU). The order is booked into Cargotec's first quarter 2019 order intake and the delivery will take place in the first quarter of 2020.

Israel Shipyards Ltd., an SK Group member – is a leading shipbuilding and repair company for the naval and commercial marine markets – presents its advanced solutions for seaborne interdiction and prevention of terrorist and illegal activities for navies, law enforcement and HLS forces, at LAAD 2019, April 2-5.

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