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A large vessel at sea
Business Developments & Projects

Oil field’s production ramp-up on the horizon as Petrobras welcomes new FPSO

Brazil’s state-owned oil and gas giant Petrobras has welcomed a floating production, storage, and offloading (FPSO) vessel owned by the Netherlands-based SBM Offshore destined to work at one of its fields in the country’s pre-salt Santos Basin.

about 1 year ago
Prelude FLNG; Source: Shell
News

Shell gets Australia’s blessing for work on giant offshore gas project

Shell has received a stamp of approval for its environmental plan (EP) from the country’s offshore regulator for the installation and cold commissioning activities at its natural gas field off the coast of Western Australia.

about 1 year ago
MISC
Vessels

MISC tied to $312M HD Hyundai deal for ‘world’s largest’ ethane carriers

MISC Berhad (MISC), Malaysia’s energy-related maritime services provider, has been linked to an order for two dual-fuel very large ethane carriers (VLECs) to be built by South Korea’s titan HD Hyundai Heavy Industries. As confirmed by HD Korea Shipbuilding & Offshore Engineering (HD KSOE) in a stock

about 1 year ago
OFAC orders wind down of oil activities in Venezuela; Source: Chevron
Authorities & Government

US order sets date for Chevron to grind oil exports from Venezuela to a halt

Chevron has been given a 30-day deadline to bring a wind-down of its crude oil production and exports in Venezuela to an end, as its previous license has been revoked by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC).

about 1 year ago
An aerial view of a port terminal
Business Developments & Projects

Oil player books three tanks at Odfjell’s growing South Korean terminal

Odfjell Terminals Korea (OTK), a subsidiary of Norwegian shipping company Odfjell, has entered into a multi-year contract with South Korean oil refining and petrochemical company S-Oil for storage at its expanding Ulsan terminal.

about 1 year ago
“Bring it back to America”: Trump unveils plan to rejuvenate US shipbuilding
Authorities & Government

“Bring it back to America”: Trump unveils plan to rejuvenate US shipbuilding

Speaking to the US Congress, President Donald Trump proposed a ‘sweeping’ plan to revive US shipbuilding, pledging renewed efforts to strengthen both military and commercial vessel production. Framing the initiative as both an economic imperative and a national security priority, against the backdro

about 1 year ago
Sandbank offshore wind farm. Source: Vattenfall
Business Developments & Projects

DEME to perform CPS stabilization work on Vattenfall’s two German offshore wind farms

Vattenfall has contracted DEME Offshore for cable protection system (CPS) stabilization work on the DanTysk and Sandbank offshore wind farms in Germany. The offshore wind farm owner/operator opened the tender for CPS stabilization work in June last year. According to a contract award notice publishe

about 1 year ago
Rendered image of WEC clusters co-located with floating offshore wind. Credit: Blackfish Engineering
Authorities & Government

Scotland introduces wave energy cluster concept to cut costs and boost efficiency

Wave Energy Scotland (WES) has unveiled a concept design for a multi-megawatt cluster of wave energy converters (WECs), aiming to improve efficiency and lower costs in offshore renewable energy. The design explores clustering multiple wave energy devices into a single moored and electrically connect

about 1 year ago
Whale in the U.S. Gulf of Mexico; Source: Shell
Business & Finance

McDermott’s wind-up of ops on Shell’s oil project seen as a tribute to ‘ingenuity’

McDermott has crossed the finish line at a deepwater oil project in the U.S. Gulf of Mexico, recently renamed to the Gulf of America by the Trump administration.

about 1 year ago
CMA CGM awards $2.6B contract for LNG dual-fuel boxships to Chinese shipyard
Business & Finance

CMA CGM awards $2.6B contract for LNG dual-fuel boxships to Chinese shipyard

CMA CGM is further expanding its LNG-fueled fleet with a new order worth nearly $2.6 billion for twelve dual-fuel LNG containerships to be built in China.

about 1 year ago
Deepsea Atlantic semi-submersible rig; Credit: Odfjell Drilling
Authorities & Government

Norway sheds more light on recent gas/condensate discovery

After a new hydrocarbon discovery at a prospect off the coast of Norway, which was drilled with a semi-submersible rig owned by Odfjell Drilling, the Norwegian Offshore Directorate (NOD) has disclosed more information about the latest gas/condensate find in the Norwegian Sea.

about 1 year ago
Two contracts for huge Black Sea gas project reel in $10 million for Expro
Business & Finance

Two contracts for huge Black Sea gas project reel in $10 million for Expro

U.S.-headquartered energy services provider Expro has secured two contracts with Southeastern Europe’s integrated energy player OMV Petrom worth over $10 million for what is said to be the largest natural gas project in the Romanian Black Sea. The contracts described as major involve Expro’s subsea

about 1 year ago
Several men standing inside of a large metal tank
Business Developments & Projects

GTT to design tanks for Asian shipowner’s LNG newbuild pair

An Asian shipyard has placed an order with French technological containment specialist Gaztransport & Technigaz (GTT) for the tank design of two new liquefied natural gas carriers (LNGCs) it is building for an Asian shipowner.

about 1 year ago
LR partners with Microsoft to use AI for advancing nuclear power in maritime
Business Developments & Projects

LR partners with Microsoft to use AI for advancing nuclear power in maritime

Classification society Lloyd’s Register (LR) has revealed plans to use generative artificial intelligence (AI) to accelerate the regulatory process for nuclear power in the maritime industry.

about 1 year ago
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