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Business Developments & Projects

Leask Marine takes delivery of purpose-built Multi Cat vessel from Damen

Dutch Damen Shipyards Group has delivered a purpose-built vessel to Scottish Leask Marine, designed to support a range of sectors, including offshore wind, subsea, and wave and tidal energy projects, among others. The Multi Cat (MuC) 3113, named C-Trojan, was handed over to Leask Marine at Damen Shi

about 6 months ago

An offshore platform and a vessel next to it at sunset

Business Developments & Projects

Millions committed to bring Southeast Asian gas field to life

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West Natuna Exploration Limited (WNEL), a majority-owned subsidiary of Singapore-headquartered natural gas player Conrad Asia Energy, has taken a step to secure future gas supply by greenlighting a final investment decision (FID) for a natural gas field in the West Natuna Sea off the coast of Indone

about 6 months ago

Business Developments & Projects

Higher power transfers enabled as Prysmian qualifies use of 525 kV cables at up to 90°C

Following the completion of testing, Italian cabling giant Prysmian revealed it was ready to launch the new global standard for high voltage direct current (HVDC) submarine cable systems qualifying the use of 525 kV cables at an increased operating temperature of up to 90°C. Founded on the higher wi

about 6 months ago

Showing the Sea Lion FPSO and the Phase 1 & 2 development field layout; Source: Navitas

Business Developments & Projects

Navitas signs off on Falkland Islands oil & gas portfolio expansion

Israel’s Navitas Petroleum has locked in the increase of its oil and gas footprint off the coast of the Falkland Islands by firming up a deal to get a lion’s share in a license within the North Falkland Basin.

about 6 months ago

Business Developments & Projects

Five-year Asian drilling gig comes Velesto rig’s way

Malaysia’s Velesto Energy, owner of premium jack-up rigs, has landed a multi-year drilling assignment for one of its rigs with Petronas Carigali, a subsidiary of the Asian country’s energy giant Petronas.

about 6 months ago

Business Developments & Projects

Asso.subsea orders second next-gen trenching support vessel from China Merchants

Greece’s Asso.subsea has signed the shipbuilding contract with China Merchants Heavy Industry (CMHI) for the construction of a second next-generation trenching support vessel (TSV), sister to the one announced in September 2025. The TSV Andromeda will be built at CMHI’s Shenzhen Shipyard, where the

about 6 months ago

FPSO Energean Power works at the Karish field offshore Israel; Source: Energean

Business Developments & Projects

Hormuz shutdown ramifications: Oil price hike to hit $100 as Asia-Europe LNG battle looms

As the closure of the Strait of Hormuz, through which 15% of global oil and 20% of global liquefied natural gas (LNG) supply flows, evokes fears of a major energy shock, analysts at Wood Mackenzie, an energy intelligence group, have warned that oil prices could surge past $100 a barrel (bbl), if flo

about 6 months ago

Business Developments & Projects

More LNG for Europe as MET Group and Shell expand their long-term cooperation

MET International, the trading and wholesale arm of Switzerland-headquartered energy company MET Group, and Shell Global LNG Limited have signed a non-binding memorandum of understanding (MoU) to expand their existing long-term cooperation in LNG and gas trading. The agreement provides a framework f

about 6 months ago

Business Developments & Projects

Petronas hand-picks FPSO for Asian hydrocarbon redevelopment project

OceanSTAR Engineering Holding, part of Singapore-headquartered OceanSTAR Elite group of companies, has secured a new deal with Petronas Carigali (PCSB), a subsidiary of Malaysia’s energy giant Petronas, for the provision of lease, operation and maintenance of a floating production, storage, and offl

about 6 months ago

Business Developments & Projects

Shipping company secures fixed-rate e-methanol supply ahead of EU climate regulations

European shipping company RFOcean has signed a binding long-term off-take agreement with ETFuels to purchase e-methanol at a fixed price from 2030. According to ETFuels, the agreement positions RFOcean ahead of binding and punitive new EU maritime emissions rules, the FuelEU Maritime regulation, whi

about 6 months ago

PSV Seacor Yangtze; Source: Remøy Shipping

Business Developments & Projects

Two 2018-built vessels pick up North Sea gig with TGS

Norwegian energy data and intelligence company TGS has hired two platform supply vessels (PSVs), managed by Norway’s shipping company, Remøy Shipping.

about 6 months ago

Business Developments & Projects

Three Acteon firms unite to deliver multi-million-dollar contract with Petrobras

Intermoor, Acteon’s Moorings and Anchors business line, has secured a three-year contract with Brazil’s oil & gas giant Petrobras for stack-up mooring system services in Brazil. The multi-million-dollar contract will see the provision of work to support light-workover interventions and abandonment o

about 6 months ago

Business Developments & Projects

With new MoU, Kongsberg Maritime commits to decarbonization efforts in Indonesia

Norway-headquartered Kongsberg Maritime has signed a memorandum of understanding (MoU) with Indonesia’s state-owned and largest shipyard, PT PAL Indonesia, to work on advancing energy efficiency and decarbonization across the country’s maritime sector. Kongsberg Maritime said that the agreement repr

about 6 months ago

Naming ceremony for CMA CGM Osmium; Source: CMA CGM

Business Developments & Projects

CMA CGM christens its newest methanol-powered ship (Gallery)

French shipping and logistics giant CMA CGM Group has held a naming ceremony for the latest vessel addition to its dual-fuel fleet.

about 6 months ago