Given the accelerated decline in hydrocarbon production rates, a new report from the International Energy Agency (IEA) has warned about the supply risks that output drops carry, as ignoring them has the potential to undermine energy security, market stability, and emissions reduction aspirations, wi
Inpex Masela, a joint venture between Inpex Corporation and the Japan Organization for Metals and Energy Security (JOGMEC), has tasked Aquaterra Energy, a UK-headquartered offshore energy engineering solutions provider, with carrying out structural analyses for its operations off the coast of Indone
Marine fuel supplier Peninsula has expanded its physical supply operations to Algoa Bay, South Africa.
Taiwanese shipping company Yang Ming Marine Transport Corporation has commissioned South Korean shipbuilding heavyweight Hanwha Ocean to construct a septet of 16,000 TEU dual-fuel boxships powered by liquefied natural gas (LNG). As disclosed, the shipbuilding contract was signed on September 16. It
Nexans has started laying high-voltage subsea cable between Italy’s Sicily and Sardinia as part of the western section of the Tyrrhenian Link. The connection between Sicily and Sardinia, approved in September 2023, will stretch for 480 kilometers between the Fiumetorto landing point, Palermo in Sici
ADES International Holding, a subsidiary of ADES Holding Company, which is part of Saudi Arabia-headquartered ADES Group, has tightened its grip on 33 jack-up rig additions to its fleet by revising its cash merger offer to bring the UAE-based Shelf Drilling into its fold. As a result, more than half
The Hague-based Wave Energy Collective (Weco) has completed the first full assembly of its Kaizen 2.0 wave energy device and carried out dry tests of the power take-off unit and control system at Holland Shipyards Group. “Last week we successfully performed our first full assembly of the new Kaizen
Eco (Atlantic) Oil & Gas, an AIM-listed and Canada-headquartered oil and gas company focused on the Atlantic Margin, has undertaken several activities aimed at optimizing its assets offshore Namibia.
Classification society Korean Register (KR) has granted approval in principle (AIP) for Hi-CLEARS, a safety solution for ammonia-fueled ships, developed by the affiliates of South Korean conglomerate HD Hyundai – HD Hyundai Heavy Industries (HD HHI) and HD Korea Shipbuilding & Offshore Engineering (
Spanish automated wind-assisted propulsion system specialist bound4blue has clinched validation of its wind propulsion system force matrix calculation methodology from the UK’s classification society Lloyd’s Register (LR), thus leaping another step forward in the ambition to “accelerate and simplify
The construction of the first of four offshore energy support vessels (OESVs) that Norwegian offshore services provider Sea1 Offshore ordered from China has officially begun. Sea1 Offshore placed the order for the first two OESVs with Chinese shipyard Cosco Shipping in November 2024, with the contra
Norwegian vessel owner DOF Group has secured a new contract in the Asia Pacific region (APAC), this time for moorings hook-up services. The scope covers DOF’s full suite of in-house project management, engineering, procurement and logistics support services and will see Skandi Hercules used for rela
Finland-based maritime transport company Langh Ship has taken delivery of the third and final unit in a series of eco-friendly container feeder ships built by the PaxOcean shipyard in Zhoushan, China. According to both of the companies, a naming ceremony for the vessel was held on September 12, wher
BP Exploration & Production, a subsidiary of the UK-based energy heavyweight BP, has picked Gate Energy, a Houston-based engineering, commissioning, and field services player, to handle the commissioning scope of its semi-submersible floating production unit (FPU) destined for a deepwater project in
