Tag Archives | STX Group

$500m Floating Oil Terminal arrives from S Korea

A new $500-million floating oil rig has arrived in Libyan coastal waters from South Korea. The Gaza Floating, Storage, Offloading Marine Terminal (FSO) was built by STX and delivered to the Mellitah-operated offshore Bouri field, 120 km northwest of Tripoli, according to Libya Herald. It will replace the existing, Sloug FSO, which has been on […]

Libya geopolitical risks challenge STX

STX Group, Korea’s shipping and shipbuilding conglomerate, is seeking to win Libya’s huge energy infrastructure projects, which company officials said could be worth up to $10 billion. STX Group officials said STX Heavy Industries signed a memorandum of understanding on building energy, steel desalination and other facilities in Libya’s northern region of Tobruk early last […]