Winners & Losers

Korea’s top shipbuilder

Hyundai Heavy Industries

announced Thursday it won a $1.9 billion contract to build an offshore oil production facility for the U.S.-based energy group Chevron.

Under the deal, Hyundai Heavy will build a floating oil production and storage facility capable of processing 100,000 barrels of crude oil and 190 cubic meters of natural gas a day, and storing up to 1.05 million barrels of crude oil.

The 292-meter-long facility is scheduled to be installed by 2017 in the North Sea Rosebank oil field in Britain, according to Hyundai Heavy. The latest deal with Chevron helped the company earn $5.1 billion in total orders for offshore facilities so far this year.

GS Engineering & Construction

, Korea’s fourth-largest builder, said Wednesday that its net loss reached 386 billion won ($341 million) in the first three months of this year because of lower margins on overseas deals.

The net loss was a sharp decline from the last year’s 74.6 billion won profit, the builder said. The company’s sales dropped 13.49 percent to 1.8 trillion won during the period. GS E&C said low-priced overseas deals in recent years have contributed to the poor earnings performance.

The builder also posted a 535.4 billion won in operating losses between January and March, compared to the 106.8 billion won gain in the same period a year earlier. Company shares closed at 35,700 won on the Seoul bourse Friday, down 15 percent from the previous session’s close.