Marine Link
Tuesday, July 15, 2025

Offshore News

15 Jul 2025

Van Oord Installs All Monopiles for Sofia Offshore Wind Farm

(Credit: Van Oord)

Van Oord has completed the installation of all monopile foundations at RWE’s Sofia offshore wind farm, marking a major milestone in the construction of one of world’s largest wind farms.To execute the works, Van Oord deployed offshore wind installation vessel Aeolus, renowned for its capabilities in complex offshore wind operations.The 1.4 GW Sofia offshore wind farm, located on Dogger Bank in the central North Sea, will generate enough renewable energy to power approximately 1.2 million average U.K.

15 Jul 2025

KEYS Azalea Completes Japan's First LNG Bunkering Op for Cruise Ship

(Credit: NYK)

KEYS Azalea, a liquefied natural gas (LNG) bunkering vessel owned and operated by KEYS Bunkering West Japan, bunkered LNG by ship-to-ship method for the cruise ship ASUKA III in first ever such operation in Japan.The operation took place on July 14 at Chuo Wharf in Hakata port for the ASUKA III, a cruise ship equipped with engines using three types of fuel, including LNG, operated by NYK.Until now, KEYS Azalea has bunkered for car carriers and iron ore and coal bulk carriers, and the latest achievement represents the first bunkering for cruise ship KEYS Azalea delivered…

14 Jul 2025

US Delays Rule on Gulf of Mexico Whale Protection

Credit: NOAA Fisheries/Errol Ronje (Permit #14450)

U.S. President Donald Trump's administration will delay by two years a final rule designating protections for the endangered Rice's whale in the oil and gas drilling region of the Gulf of Mexico, according to an agreement with environmental groups filed in a federal court.The U.S. Commerce Department's National Marine Fisheries Service agreed with green group Natural Resources Defense Council to finalize by July 15, 2027 the geographic area deemed critical for the Rice's whale survival. The previous deadline had been Tuesday, July 15, of this year.The agreement filed in the U.S.

11 Jul 2025

DOF Sells Two AHTS Vessels

(Credit: DOF Group)

Norwegian offshore supply vessel owner DOF Group has signed agreements to sell two of its anchor handling tug supply (AHTS) vessel to an international buyer.The sold vessels include Skandi Tender and Skandi Trader, both build in 2009.The sale of Skandi Trader is contingent upon the buyer’s inspection, DOF Group added, not disclosing any additional details.Both vessels are planned to be delivered to the new owner in September 2025.

10 Jul 2025

MOL Advances Plans for Offshore Rocket Launch and Recovery Vessel

(Credit: MOL)

Mitsui O.S.K. Lines (MOL) has moved forward towards commercializing an offshore rocket launch and recovery vessel through a partnership agreement with Innovative Space Carrier (ISC) and Tsuneishi Solutions Tokyobay.MOL’s engagement in space-related business focuses on the offshore launch and recovery of rockets. Aiming for commercialization around 2030, its first step will be to develop a recovery vessel, followed by a feasibility study of the commercialization of an offshore launch vessel.By successfully developing and introducing such vessels…

10 Jul 2025

Solstad Confirms $84M Deal with Petrobras for Normand Turquesa AHTS

Normand Turquesa AHTS (Credit: Solstad Offshore)

Norwegian offshore vessel owner Solstad Offshore has confirmed a contract with Petrobras for its anchor handling tug supply (AHTS) vessel Normand Turquesa.The four-year contract, which received board approval, is scheduled to begin in February 2026.The current contract for Normand Turquesa has also been extended by nine months and runs until start of new contract.With the latest contract, worth $84 million, the vessel will be fully committed until February 2030, Solstad said earlier.Normand Turquesa AHTS is of UT 722 L design, built in 2007.

09 Jul 2025

Turbulent First Half of 2025 Echoes Across Global Shipping, Veson Nautical Reports

Ā© tawatchai1990 / Adobe Stock

New U.S. tariffs and escalating global trade tensions have reshaped vessel markets in the first half of 2025, curbing investment in some sectors while accelerating strategic orders in others, according to the Half-Year Market Report by Veson Nautical, a provider of maritime freight management solutions and data intelligence.The report states that U.S. trade policy changes hit vehicle carrier markets particularly hard, contributing to a 44% drop in charter rates for standard 6…

09 Jul 2025

E-CTV Aces Tryouts at Scottish Offshore Wind Farm

Artemis eFoiler CTV (Credit: Atemis Technologies)

Artemis Technologies has demonstrated its latest electric crew transfer vessel (E-CTV) at Vattenfall's Aberdeen offshore wind farm, in partnership with Vattenfall, Tidal Transit, Lloyd's Register and the Offshore Renewable Energy (ORE) Catapult.The technical demonstration of a dual propulsion, 100% electric Artemis EF-12 CTV at an operational offshore wind farm marks a major milestone, showcasing the culmination of research, design and development over a number of years.Vattenfall…

09 Jul 2025

Woodside Finds South Korean Partners to Advance LNG Value Chain

Ā© aerial-drone / Adobe Stock

Woodside Energy has signed a non-binding memorandum of understanding (MoU) with Hyundai Engineering and Hyundai Glovis, establishing a strategic framework to collaborate on liquefied natural gas (LNG) project development, engineering services and shipping logistics.The MoU will see the parties focus on advancing execution capability and extending their reach into priority LNG markets.The combination of Woodside’s success in LNG development, Hyundai Engineering’s extensive engineering…

08 Jul 2025

Hanwha Ocean Floating Turbine Receives ABS Approval

Ā© ABS

ABS issued approval in principle (AIP) to Hanwha Ocean for its new design of a semisubmersible-type floating offshore wind turbine.The design, named WindHive 15-H3, supports 15-megawatt (MW) turbines on three hexagonal columns. ABS completed design reviews based on class and industry requirements.ā€œFloating offshore wind power is set to play a critical role in the world’s future energy landscape, and we are proud to collaborate with industry leaders like Hanwha Ocean on innovative solutions that are focused on advancing safety at sea…

08 Jul 2025

Hanwha Ocean Floating Turbine Receives ABS Approval

ABS issued approval in principle (AIP) to Hanwha Ocean for its new design of a semisubmersible-type floating offshore wind turbine.The design, named WindHive 15-H3, supports 15-megawatt (MW) turbines on three hexagonal columns. ABS completed design reviews based on class and industry requirements.ā€œFloating offshore wind power is set to play a critical role in the world’s future energy landscape, and we are proud to collaborate with industry leaders like Hanwha Ocean on innovative solutions that are focused on advancing safety at sea,ā€ said Rob Langford, ABS Vice President, Global Offshore Renewables.

08 Jul 2025

Red Sea: Four Dead, Two Wounded in Latest Houthi Attack on Greek Bulk Carrier

Illustration Ā© Alex Stemmer / Adobe Stock

Four seafarers on the Liberian-flagged, Greek-operated bulk carrier Eternity C were killed in a drone and speedboat attack off Yemen, an official with knowledge of the issue said on Tuesday, the second incident in a day after months of calm.The Red Sea, which passes Yemen's coast, has long been a critical waterway for the world's oil and commodities but traffic has dropped since the Iran-aligned Houthi militia began targeting ships in November 2023 in what they said was solidarity with Palestinians against Israel in the Gaza war.The deaths on the Eternity C…

08 Jul 2025

Island Offshore Takes Delivery of Revamped Well Intervention Vessel

Island Wellsaver (Credit: Island Offshore)

Norwegian shipbuilder Vard has completed the upgrades on Island Offshore’s well intervention vessel Island Wellsaver.The extensive upgrade and maintenance operation project for the Island Wellsaver vessel included the replacement of the remotely operated vehicle (ROV) system, installation of winch systems, and general maintentance work.The project has been completed on time and the vessel has been delivered to Island Offshore, according to Vard, with minimal downtime.The Island Wellserver well intervention vessel built in 2008.The multi-purpose offshore vessel of UT 767 CD design…

07 Jul 2025

Rotra Futura RoRo Vessel Enters Offshore Wind Operations

Rotra Futura (Credit: deugro)

The Rotra Futura Roll-on/Roll-off (RoRo) vessel has entered operations, with the transportation of wind turbine blades from Denmark to the United States.The project supply vessel, specifically designed to handle larger and heavier offshore wind turbine components, collected the 108-meter-long blades at the Port of Aalborg, Denmark, under the supervision of deugro Denmark’s wind experts.The vessel, delivered in late March 2025, was developed as part of the the partnership between Danish logistics specialist deugro…

07 Jul 2025

MOL Teams Up with Kinetics for ā€˜World's First’ Floating Data Center

CG rendering of Powership and offshore data center (Credit: MOL)

Mitsui O.S.K. Lines (MOL) has signed a Memorandum of Understanding (MoU) with Kinetics, the energy transition initiative of global floating power leader Karpowership, to jointly develop a next-generation floating data center platform.Under the MoU, the two companies will collaborate on the design, construction and deployment of a state-of-the-art data center hosted on a retrofitted vessel.The facility will be supplied with uninterrupted, dedicated power from a range of flexible sources…

07 Jul 2025

MOL Teams Up with Kinetics for ā€˜World's First’ Floating Data Center

Mitsui O.S.K. Lines (MOL) has signed a Memorandum of Understanding (MoU) with Kinetics, the energy transition initiative of global floating power leader Karpowership, to jointly develop a next-generation floating data center platform.Under the MoU, the two companies will collaborate on the design, construction and deployment of a state-of-the-art data center hosted on a retrofitted vessel.The facility will be supplied with uninterrupted, dedicated power from a range of flexible sources, including Powerships developed by Karpowership, as well as options to integrate land-based grids, onshore solar farms, offshore wind, or other power…

03 Jul 2025

Industry Consortium to Asses Floating Nuclear Plants for Mediterranean Sea

Illustration/CORE POWER's floating nuclear power plant design (Credit: CORE POWER)

American Bureau of Shipping (ABS), CORE POWER and Athlos Energy have formed a consortium to evaluate the potential of positioning the floating nuclear power (FNPP) platforms to meet the energy demands of islands, ports and coastal communities in the Mediterranean Sea.The group will research how FNPPs can potentially unlock a range of applications including the establishment of grid-scale electricity to remote locations, the delivery of emission-free energy to ports and the distribution…

03 Jul 2025

NYK’s Bulk Carrier Saves Stranded Sailors in Pacific Ocean

Disabled sailing vessel (Credit: NYK)

Medi Giannutri, a bulk carrier operated by NYK, has rescued two sailors from a disabled sailboat in the Pacific Ocean. on June 19 (local time).While en route to the U.S. port of Long Beach, the bulk carrier received a search and rescue request from the U.S. Coast Guard on June 19, and immediately headed to the scene.The two individuals rescued are reported to be in good health and disembarked at the port of Long Beach following the rescue operation.

03 Jul 2025

Ferry Sinks off Bali, Killing Four as 30 Go Missing

(Credit: Screenshot/YouTube)

Four people died, 30 were missing and 31 survived after a ferry carrying 65 people sank near the Indonesian island of Bali, the country's Search and Rescue agency said on Thursday, as rescuers raced to find victims in the rough sea.The KMP Tunu Pratama Jaya sank almost half an hour after leaving East Java province's Banyuwangi port on its way to Bali late on Wednesday, the agency said on Thursday.The boat was carrying 53 passengers and 12 crew members, as well as 22 vehicles, the agency said.A search for the missing is underway although it is being hampered by strong currents and winds, the ag

03 Jul 2025

Susesea’s Bulk Carrier Fleet Gets Efficiency Boost from Chevron Cylinder Oils

Susesea's bulk carrier MV Bordo Mavi (Credit: Susesea)

Turkish shipowner Susesea has streamlined its vessels operation by upgraded the cylinder lubrication strategy across its fleet of six bulk carriers with Chevron’s Taro Ultra Advanced 40 (TUA 40).Working with Chevron Marine Lubricants and its regional distributor, Petrol Ofisi, Susesea has reduced cylinder oil feed rates by approximately 33%, delivering both technical and commercial benefits.The six Japanese- and Chinese-built vessels, each with an average deadweight of 64,000 tons…

02 Jul 2025

Bonaparte CCS Project Awarded Major Project Status

Source: Inpex

The Bonaparte CCS project has been awarded Major Project Status by the Australian Government. It is the first offshore carbon capture and storage (CCS) project to receive the status in Australia.The Bonaparte CCS Assessment Joint Venture is operated by Inpex subsidiary Inpex Browse E&P (53%) and also involves TotalEnergies CCS Australia (26%) and Woodside Energy (21%).The awarding highlights the project’s recognized potential to support a lower carbon future as well as reflecting…

02 Jul 2025

Borr Drilling Announces CEO Succession Plan

Credit: Borr Drilling

Borr Drilling’s Board of Directors has reached a unanimous decision to appoint Bruno Morand as successor to CEO Patrick Schorn, effective September 1, 2025.Schorn will become Executive Chairman of the company’s Board of Directors, while current Chairman Tor Olav Trøim will continue to serve as a Director of the Board. Additionally, current Director Dan Rabun (former Chief Executive Officer and Chairman at Ensco plc) will become Lead Independent Director.The moves aim to ensure…

02 Jul 2025

ADES' Jack-Up Barge Capsizes off Egypt Killing Four, Three Still Missing

Ā© Scott Heaney / Adobe Stock

A towing incident has occurred on Saudi oil and gas drilling contractor ADES Holding’s jack-up barge Admarine 12, which capsized offshore Eqypt, killing four people, while three remain missing.The incident occurred on Tuesday, July 1, while the barge was being towed to a new location in Egyptian territorial waters.At the time of the incident, 30 personnel were on board, involving 18 from ADES personnel.According to the latest information, 23 have been safely rescued, while remain missing and subject to intensive ongoing search operations by the relevant authorities.Tragically…

02 Jul 2025

RightBridge Ventures Agrees Reverse Takeover of Swemar

Ā© Saklakova / Adobe Stock

RightBridge Ventures Group has announced a proposed reverse acquisition of Swemar, which has entered into an agreement to acquire an offshore oil service company with operations across the Middle East, India, and South-East Asia.The company to be acquired by Swemar operates a fleet comprising Anchor Handler Tug Supply (AHTS) vessels and crew transportation vessels. It owns three vessels outright and operates an additional five to ten vessels under charter or management agreements.The acquisition marks a strategic first step toward establishing a strong maritime presence in Asia.

02 Jul 2025

Ørsted Terminates Offshore Wind Installation Vessel Deal with Cadeler

(Credit: Ƙrsted)

Danish offshore wind installation firm Cadeler has received a notice of termination for its wind turbine installation vessel (WTIV) from Ørsted which was booked for work for the now discontinued 2.4 GW Hornsea 4 offshore wind farm in United Kingdom.The long-term agreement for an A Class WTIV was first announce in April 8, 2024, under which Ørsted secured the vessel capacity from the first quarter of 2027 through the end of 2030.The vessel was supposed to be deployed at Ørsted’s Hornsea 4 offshore wind farm…

01 Jul 2025

North Star Accelerates Green Transition

Strategic projects manager Jen Redman courtesy of North Star

North Star’s £400 million ($550 million) ongoing commitment as part of its ESG strategy, combined with a £1.8 million ($2.47 million) investment in crew training last year, has delivered significant progress in its transition to operating a net zero fleet by 2045.The UK’s largest integrated ship owner-operator has a current fleet of 48 vessels. Findings from its 2024 ESG report include an 18% reduction in fleet-wide carbon intensity compared to 2022, alongside a 15% year-on-year…

01 Jul 2025

Zamil Offshore’s New Fast Support Intervention Vessel Ready for Service

(Credit: Incat Crowther)

Zamil 80, the first of three new 60-meter Fast Support Intervention Vessels (FSIVs) designed by Incat Crowther for offshore marine services provider Zamil Offshore, has passed sea trials and will soon enter service.The new vessel exceeded expectations, achieving a service speed of 28 knots with a 200-tonne payload, above the contracted required service speed of 25 knots, Incat Crowther said.The three new ABS-Classed, low-draft monohull FSIVs are being constructed by Singaporean shipbuilder Lita Ocean and will assist Zamil Offshore with the safe transport of cargo…

01 Jul 2025

Canada Joins LNG Export Nations as First Cargo Sets Sail

(Credit: LNG Canada)

LNG Canada has loaded the first cargo of liquefied natural gas that is now destined for global markets, marking the start of operations at Canada’s first large-scale LNG export facility.Located in Kitimat, British Columbia, the LNG Canada facility will export LNG from two processing units or trains with total capacity of 14 million tonnes per annum (mtpa).Shell Canada Energy, an affiliate of Shell, has the largest working interest in the LNG Canada joint venture, holding 40%, with other partners including Petronas…

30 Jun 2025

Danos Nets Production Services Contract for Beacon Offshore's Shenandoah FPS

Ā© Danos Operations Services

Danos Operations Services has been awarded a contract to provide production services for Beacon Offshore Energy’s new deepwater facility, the Shenandoah floating production system (FPS). The project will employ production operators, instrumentation and electrical technicians, mechanics, and offshore installation managers. Several employees began work on the platform in 2024.The Shenandoah facility is in the final stages of hook-up and is expected to begin producing oil later this summer.

30 Jun 2025

ECO Liberty SOV Hits Water to Support Equinor’s Empire Wind Project

Ā© Equinor

Equinor, the developer of Empire Wind, has launched the Service Operations Vessel ECO Liberty on June 28 for deployment in its New York offshore wind project. Louisiana First Lady Sharon Landry served as the vessel’s ā€œGodmotherā€ during a christening ceremony on the Mississippi River at the Port of New Orleans. Speakers at the event included Louisiana Governor Jeff Landry, along with leaders from Equinor and Edison Chouest Offshore. A proclamation signed by New Orleans Mayor LaToya Cantrell declaring June 28 as ECO Liberty Day was presented during the ceremony.

30 Jun 2025

Oil Tanker Explodes off Libya, No Injuries Reported

Vilamoura oil tanker (Credit: TMS Tankers)

An oil tanker carrying about 1 million barrels of crude oil suffered an explosion off Libya on June 27 but no injuries or pollution were reported, a spokesperson for the operator TMS Tankers said on Monday.The Marshall Islands-flagged tanker Vilamoura had left Libya's Zuetina port and was en route to Gibraltar when there was an explosion in the engine room, the operator said.The vessel is now being towed to Greece where it is expected to arrive by July 2, it added.(Reuters - Reporting by Angeliki KoutantouEditing by Gareth Jones)

27 Jun 2025

DOF Group ASA Awarded Two Long-Term Contracts With Petrobras

Ā© DOF Group ASA

DOF Group ASA is pleased to announce two new contracts in Brazil.Skandi Logger, an AHTS with 250t bollard pull built in 2009, has been contracted for a 4-year engagement with Petrobras, following the same competitive AHTS tender process that resulted in the contracts of Skandi Iguaçu, Skandi Angra, Skandi Paraty and Skandi Urca as previously announced. For this contract, expected to start in February 2026, Skandi Logger will be reflagged to Brazilian Flag.Resulting from another competitive tender process, Skandi Achiever has been contracted as RSV for a 4-year engagement with Petrobras.

27 Jun 2025

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

(Credit: Centrica)

U.K. based energy firm Centrica and Thai state-owned oil and gas giant PTT Group have signed heads of agreement for a long-term liquefied natural gas (LNG) supply deal.Under the agreement, PTT will supply LNG to Centrica for a 10-year period across a range of destinations in Asia, with deliveries expected to begin in 2028.The agreement marks a significant step forward in Centrica’s strategic efforts to grow its LNG portfolio.It provides access to diverse markets in Asia, whilst deepening Centrica’s relationship with PTT…

27 Jun 2025

As Wars Rage, Middle East's Waning Influence on World Oil Prices Exposed

Copyright abdelaziz@771/AdobeStock

The contained move in oil prices during the Israel-Iran war highlights the increasing efficiency of energy markets and fundamental changes to global crude supply, suggesting that Middle East politics will no longer be the dominant force in oil markets they once were.The jump in oil prices following Israel's surprise attack on Iran was meaningful but relatively modest considering the high stakes involved in the conflict between the Middle East rivals.Benchmark Brent crude prices…

27 Jun 2025

Hanwha Ocean’s FPSO Cybersecurity Concept Gets ABS’ Nod

(Credit: ABS)

A new cybersecurity solution from Hanwha Ocean to protect critical infrastructure and operations on board floating production storage and offloading (FPSO) units received approval in principle (AiP) from American Bureau of Shipping (ABS).Hanwha Ocean, in conjunction with SIGA Data Security, developed an Operational Technology (OT) cybersecurity solution that is specifically designed to protect critical OT systems from cyber threats, enhancing the overall cyber resilience on FPSO…

26 Jun 2025

Britain Rejects Moroccan Subsea Power Project In Favor of Domestic Solutions

Ā© Xlinks/LinkedIn

Britain has rejected a 25 billion pound ($34.39 billion) Moroccan renewable energy project that would have used solar and wind power from the Sahara to supply up to seven million UK homes.The British government, which is aiming to largely decarbonise its electricity sector by 2030, said on Thursday it believed domestic projects could offer better economic benefits."The government has concluded that it is not in the UK national interest at this time to continue further consideration of support for the Morocco-UK Power Project," energy department minister Michael Shanks said in a written stateme

25 Jun 2025

BOEM Looks to Open 80 million Acres for Oil and Gas Lease Sale

Secretary of the Interior Doug Burgum. Image courtesy Department of Interior

The Bureau of Ocean Energy Management announced the publication of a Proposed Notice of Sale (PNOS) for an oil and gas lease sale in the Gulf of America.As directed by Secretary of the Interior and outlined in the PNOS, Lease Sale 262 will offer approximately 15,000 unleased blocks located 3 to 231 miles offshore across the Gulf’s Western, Central, and Eastern Planning Areas. Covering roughly 80 million acres, these blocks are situated in water depths ranging from 9 feet to more than 11…

24 Jun 2025

Aker BP Installs New Jacket at Valhall Field in Southern North Sea (Video)

(Credit: Screenshot/Video by Aker BP)

Norwegian oil and gas company Aker BP has completed the installation of a jacket for a new production platform at the Valhall field in the Southern North Sea.The Valhall production and wellhead platform (PWP) jacket has been installed with the support from Allseas' Pioneering Spirit and Heerema Marine Contractors' Sleipnir, two of the world’s largest offshore vessels, Aker BP informed on social media.The installation followed the removal of an old production and compression platform (PCP).ā€œThis marks the end of an era and the beginning of 40 more years of production at Valhall.

24 Jun 2025

All Inter-Array Cables Installed at 488 MW French Offshore Wind Farm

(Credit:  Louis Dreyfus TravOcean )

The final inter-array cable has been installed at Îles d’Yeu and Noirmoutier (EMYN) offshore wind farm in France, being developed by Les Éoliennes en Mer Services.The 61st and final inter-array cable was installed on June 22 at the EMYN offshore wind farm, Louis Dreyfus TravOcean said on social media.The accomplishment paves the way for a transmission capacity of 512 MW.Geoquip Marine’s Geoquip Elena, converted into a Cable Laying Vessel (CLV) with a bespoke project-specific deck layout used in the operation…

23 Jun 2025

Three Tankers Shift Course from Hormuz Strait

Ā© Vallehr / Adobe Stock

Three empty oil and chemical tankers have diverted away from the Strait of Hormuz and changed course, Marine Traffic ship tracking data showed on Monday, amid growing uncertainty over whether Iran will take reprisal action in the vital waterway after U.S. airstrikes on Tehran’s nuclear facilities.The Marie C and Red Ruby, which were in ballast rather than carrying cargo and previously sailing towards the Strait, dropped anchor near Fujairah off the United Arab Emirates coast.The Kohzan Maru was sailing in the Gulf of Oman close to Omani waters…

23 Jun 2025

Tankers Transiting Strait of Hormuz Face Disruption as Tensions Rise

Ā© Kalyakan / Adobe Stock

At least two supertankers made U-turns near the Strait of Hormuz following U.S. military strikes on Iran, shiptracking data shows, as more than a week of violence in the region prompts vessels to speed, pause, or alter their journeys.Washington's decision to join Israel's attacks on Iran has stoked fears that Iran could retaliate by closing the strait between Iran and Oman through which around 20% of global oil and gas demand flows.That has spurred forecasts of oil surging to $100 a barrel.

20 Jun 2025

Libya Blocks Greek Tender for Hydrocarbon Exploration Off Crete

Ā© lesniewski/Adobe Stock

Libya's internationally recognised government of national unity has objected to Greece's approval of an international tender for hydrocarbon exploration off the island of Crete, saying some of the blocks infringe upon its own maritime zones.The two countries have been trying to mend relations strained by an accord signed in 2019 between the Libyan government and Greece's regional rival Turkey, which mapped out a sea area between them close to the Greek island.Greece opposed the agreement…

20 Jun 2025

Russia Looks to Myanmar Offshore Oil and Gas Prospects

Ā© twixx/Adobe Stock

Russia signed an investment agreement with Myanmar on Friday that it said could open up new opportunities for Russian energy companies in the south Asian country."We especially note the readiness of the Myanmar side to attract Russian companies to the development of offshore oil and gas fields," Economy Minister Maxim Reshetnikov said after signing the agreement in St Petersburg with Kan Zaw, Myanmar's minister of investment and foreign economic relations.Russia said the deal would help accelerate projects including in Myanmar's Dawei special economic zone…

20 Jun 2025

Germany, Latvia Join Forces for Maritime Innovation in Baltic Sea

(Credit: Felix Zahn, Photothek/Supplied)

A memorandum of understanding (MoU) has been signed to mark bilateral cooperation and digital innovation in maritime technologies between German and Latvian public and private sector partners to address challenges in port infrastructure management in the Baltic Sea.The signatories include LMT, the Freeport of Riga, the Port of Hamburg, the Electronic Communications Office of Latvia, the Fleet of Hamburg, and LVR Flote.The objectives of the memorandum are twofold: to identify the key challenges in the port and maritime sector…

19 Jun 2025

DOF's Subsea Construction Vessel Gets Atlantic Region Jobs

Ā© DOF Group

DOF Group has signed multiple contracts for the Skandi Inventor subsea construction vessel (SCV) in the Atlantic region. The contract is for 100 days of firm work, with additional options available.The Skandi Inventor, a state-of-the-art DP3 construction vessel equipped with a 400-ton Active Heave Compensated (AHC) crane and a large working deck, has recently undergone significant upgrades. The vessel is now fitted with two brand new Work Class ROVs (WROVs) and a modern survey suite…

19 Jun 2025

MacArtney to Equip N-Sea’s Altera CLV Newbuild

Ā© MacArtney Offshore Wind Solutions

MacArtney Offshore Wind Solutions, in collaboration with Subsea Cable Assets (SCA) and Enersea, has secured the contract to design and deliver a fully integrated cable lay spread, a tailored solution for N-Sea’s new cable laying vessel (CLV), Altera.The project will combine MacArtney’s advanced mission equipment and control systems, SCA’s fabrication and EPCI expertise, and Enersea’s deck layout and integration design.It is expected to result a turnkey system designed to enhance operational efficiency…

19 Jun 2025

New Partnership for Standards on Ammonia-Fueled Ships

(Credit: KR)

KR (Korean Register) has launched a joint working group to establish international standards for the safe discharge of toxic ammonia effluent generated from ammonia-fueled ships.The initiative brings together Korean major shipbuilders, including HD Hyundai Heavy Industries (HD HHI), HD Korea Shipbuilding & Offshore Engineering (HD KSOE), HD Hyundai Samho, Samsung Heavy Industries (SHI), and Hanwha Ocean, as well as the Korea Testing & Research Institute (KTR), a national certification body.Ammonia is gaining global attention as a promising zero-carbon alternative fuel.

19 Jun 2025

Solstad Offshore’s Two CSVs Get Jobs in South America

CSV Normand Flower (Credit: Solstad Offshore)

Norwegian offshore vessel operator Solstad Offshore has confirmed contracts for two of its construction support vessels (CSVs), which will be put to work in South America.The first contract is with Petrobras for the Normand Flower CSV, owned by Solstad Maritime.The contract, valued at $115 million excluding ROV services, was first announced in April 2025, and has now been formally approved and signed.It will begin in January 2026 with a has a duration of four years.The vessel will be on bareboat contracts from Solstad Maritime to Solstad Offshore…

18 Jun 2025

Statkraft to Cut Costs by $292m Amidst Global Uncertainty

Ā© Adobe Stock/Timon - stock.adobe.com

Norwegian state-owned utility Statkraft said on Wednesday it would cut its annual costs by around 15% or 2.9 billion crowns ($292 million) by 2027, citing increased global uncertainty, higher expenses and lower power prices.The company already announced in May that it had stopped developing new green hydrogen projects due to higher costs and uncertain demand, after it scaled back its hydrogen ambition last year."Statkraft needs to adapt to the changing market and increased geopolitical uncertainty…

18 Jun 2025

Van Oord Christens World's Largest and Most Sustainable Offshore Wind Installation Vessel

Ā© Van Oord

Van Oord's new offshore wind installation vessel Boreas was officially christened on June 18 in Rotterdam. The event marked a milestone in Van Oord’s commitment to enhancing the energy transition. In addition, Van Oord announced that it had become the first marine contractor to receive approval on science-based targets for its decarbonization approach. The Boreas was christened by Ms. Carola Schouten, the mayor of Rotterdam. Guests and Van Oord employees gathered to celebrate this moment.

18 Jun 2025

Maersk Ready for Ops with New Methanol-Fueled 17,480 TEU Container Ship

(Credit: A.P. Moller - Maersk)

Danish shipping group A.P. Moller - Maersk has named the first vessel in a series of 17,480 TEU vessels equipped with dual-fuel methanol propulsion, which will operate under the name of Berlin Mærsk.The naming event took place on June 18, at Hyundai Heavy Industries’ (HHI) yard in Ulsan, South Korea.Berlin Mærsk is the 14th dual-fuel newbuild entering the Maersk fleet, and it will be followed by additional five sister vessels in this new class of container ships.All six vessels in the series are being built by HHI with delivery in 2025.

18 Jun 2025

Yinson Production, ā€œKā€ LINE Target Europe's CCS with FSIU and LCO2 Solutions

An illustration of an FSIU vessel in the foreground, taking cargo from an LCO2 carrier in the background (Credit: Yinson Production)

Yinson Production and ā€œK" Line Energy Shipping (UK) (KLES), a London-based subsidiary of Kawasaki Kisen Kaisha ("K" LINE), have entered into an agreement to jointly develop and market solutions for the transportation and injection of liquefied CO2.Under the memorandum of understanding (MoU), Yinson Production and KLES will jointly develop and market a floating storage and injection unit (FSIU) and a liquefied CO2 carrier.The collaboration will target carbon capture and storage (CCS) projects being developed mainly in Europe.For CCS projects worldwide…

18 Jun 2025

Subsea7 Nets ā€˜Substantial’ Contract off Norway

(Credit: Subsea7)

Subsea 7 today has secured a ā€˜substantial’ contract offshore Norway, worth between $150 million and $300 million.Subsea7’s scope includes engineering, procurement, construction and installation (EPCI) of pipeline bundles, spools, protection covers and tie-ins using key vessels from Subsea7’s fleet.Project management and engineering will begin immediately at Subsea7’s offices in Stavanger, Norway and Aberdeen, Scotland.Fabrication of pipeline bundles will take place at Wester, Scotland…

17 Jun 2025

Acteon’s Rocksteady Tension Tool Selected by InnovateUK

Source: Acteon

Acteon’s Rocksteady Tension Tool (RSTT) has been selected by InnovateUK iX, a UK program designed to fast-track knowledge transfer and accelerate innovation. The RSTT is a reusable in-line winch and connection system designed to enable mid-line hookup of mooring lines at final tension to optimize the hook-up and disconnection processes between mooring systems and floating offshore wind turbines.The RSTT is expected to significantly reduce capital expenditure and installation costs by eliminating the need for fairleads…

17 Jun 2025

Tanker Collision Near Strait of Hormuz Not Related to Israel-Iran Conflict, Frontline Confirms

Illustration Ā© terex / Adobe Stock

Frontline, the owner of Front Eagle oil tanker which was involved in a collision with Adalynn, a tanker owned by India-based Global Shipping Holding, has confirmed the collision was a navigational incident and not related to the current regional conflict between Israel and Iran.The incident occurred approximately 15 nautical off Fujairah in the Gulf of Oman, off the United Arab Emirates (UAE), at 00:15 local time on June 17, 2025.All the crew onboard the Front Eagle are reported safe…

17 Jun 2025

UK Offshore Wind Industry Employs 40,000 People, New Report Finds

(Credit: Siemens Gamesa)

RenewableUK and the Offshore Wind Industry Council (OWIC) have released a new report showing that the number of people working in the offshore wind industry has risen from just over 32,000 two years ago to nearly 40,000 today – an increase of 24%.The Wind Industry Skills Intelligence Report 2025 has also revealed that the number of people working in onshore wind in the U.K. now stands at just over 15,000. This brings the UK’s total current wind industry workforce to over 55,000.The report projects future job numbers by examining three potential deployment scenarios for offshore wind in 2030…

16 Jun 2025

Republican Governor Doesn’t Want Trump’s Offshore Drilling

Ā© olinchuk / Adobe Stock

The Republican governor of South Carolina appealed to the Trump administration on Monday to leave his state out of an impending plan to increase offshore oil and gas production.The letter comes as the administration wraps up a 45-day request for public input into a federal offshore oil and gas leasing program that could include new zones in the Arctic and elsewhere to maximize domestic energy development.The current five-year plan, developed by the administration of former President Joe Biden, includes just three sales of oil and gas development rights in the Gulf of Mexico.

16 Jun 2025

Japan Energy Expo '25 Opens this Week

JERA’s major U.S. LNG supply deal sets the stage for Japan Energy Summit & Exhibition 2025, taking place 18 – 20 June in Tokyo, with live commentary expected from JERA’s Global CEO and METI during the Opening Ceremony.The Strategic Summit will feature top executives from Shell, TotalEnergies, and Linde, alongside government leaders, addressing global energy stability, LNG diversification, and clean fuel investments.With over 100 exhibitors and sponsors, and high-level sessions including the LNG Producer-Consumer Conference and Climatetech Theatre…

16 Jun 2025

Aramco CEO: Realism Must Anchor Global Energy Transition, Especially in Asia

Aramco President & CEO Amin H. Nasser used his address at Energy Asia 2025 to deliver a pointed message: the global energy transition must be rebalanced with pragmatism, especially for fast-growing regions like Asia that are still heavily reliant on conventional energy.In his speech, Nasser said that the transition narrative of recent years — one that promised a swift, seamless move away from oil and gas — has not aligned with the realities of global demand, particularly in Asia. ā€œWe were told it would be rapid, painless, and inevitably mean the collapse of conventional energy.