Dutch Wagenborg Offshore has signed a long-term agreement with an “energy major” for a platform supply vessel (PSV) that will be converted into a multipurpose offshore vessel set to support subsea activities and decommissioning works. A young PX121 PSV will be converted into a multipurpose offshore
Chinese shipbuilder Jiangsu New Yangzi Shipbuilding has delivered Maersk Biscayne to Japanese Lepta Shipping, a joint venture between Nissen Kaiun and Mitsui & Co. The 3,500 TEU newbuilding containership is intended for a charter for Danish container shipping major Maersk. The vessel is believed to
Damietta LNG plant in Egypt, a joint venture between Italy’s Eni and Egypt’s EGAS, has produced and loaded its 500th LNG cargo since the operation start-up in 2005. Damietta LNG is one of two LNG export plants in Egypt with a capacity to produce up to 5 million tons of LNG per year. Italian energy c
Italy’s Ministry of Environment and Energy Security has launched the authorization procedure for the construction of a new direct-current submarine power line connecting the regions of Abruzzo and Marche. The 1 GW Adriatic Link will run for a total of approximately 250 kilometers, made up of two sub
Not a single investment in an offshore wind farm in Europe was made in 2022, apart from a few small floating wind projects, according to WindEurope. Several offshore wind farms were expected to reach financial close last year, but final investment decisions were delayed due to inflation, market inte
Pilbara Ports Authority (PPA) has signed a Memorandum of Understanding (MoU) with the Port of Himeji to boost renewable energy trade opportunities between Western Australia and Japan.
Taiwanese bulk carrier company U-Ming Marine has taken delivery of its third 190,000-ton dual-fuel LNG bulk carrier from Chinese shipbuilder Shanghai Waigaoqiao Shipbuilding. According to a statement from the shipbuilder, the vessel named Ubuntu Integrity was delivered on 31 January. The length of t
DEME group has announced that the DP3 offshore installation vessel Viking Neptun arrived at its base in Vlissingen, the Netherlands, for the first time. Viking Neptun will join the installation vessel Living Stone and reinforce the company’s cable installation capacity, DEME said. Featuring the famo
The global market for oil and gas contractors is expected to rise to a peak of $1 trillion in 2025 and remain at high levels for several years, according to a report by energy intelligence group Rystad Energy. For the 2022-2028 period, overall oil and gas spending is anticipated to stay above $920 b
Danish company Wavepiston has unveiled plans to launch a new crowdfunding campaign to support the demonstration of its wave energy technology at full scale.
Singapore-based tanker owner and operator Hafnia has kicked off the year with the delivery of the first of four new dual-fuel LR2 product tankers. Guangzhou Shipbuilding International (GSI), a subsidiary of China State Shipbuilding Corporation, delivered the LNG-powered Hafnia Languedoc at a naming
Offshore drilling contractor Transocean has won a long-term deal for one of its ultra-deepwater drillships offshore Brazil.
Western Australia (WA) and South Korea have signed a letter of intent (LoI) to collaborate on energy transition and downstream processing of resources. In what was described as a historic LoI, the WA Government and the Republic of Korea’s Ministry of Trade, Industry and Energy (MOTIE) agreed to coop
French LNG containment specialist GTT has received a new order from its partner the Korean shipyard Hyundai Samho Heavy Industries (HSHI) for the tank design of two new LNG carriers (LNGCs). The order was received at the beginning of 2023 on behalf of a European shipowner. GTT will design the tanks
