Industry News News

Energy firms have slowed construction of offshore wind farms in the U.S. for various reasons in recent years, including, most recently, opposition from U.S. President Donald Trump's administration.Offshore wind was a key pillar of former President Joe Biden's promise that fighting climate change will create jobs and invigorate the economy. In 2023 and 2024, however, several offshore wind companies took billions in write-offs, impairments and other cancellation fees after determining they could no longer complete projects profitably due to rocketing construction costs…

Crane specialist Liebherr has supplied two offshore cranes to Yinson Production, which will support the operations of Agogo floating production storage and offloading unit (FPSO) at Azule Energy’s field offshore Angola.Two offshore cranes of the type RL 2600 (Ram Luffing 2600) and RL-K 2600 (Ram Luffing knuckle boom 2600) have been sold to Yinson Production, which is in charge of the provision, operation and maintenance of the Agogo FPSO.The cranes, with a maximum lifting capacity of up to 30 tonnes and a maximum boom outreach of over 30 metres each…

COSCO Shipping Specialized Carriers has placed an order for a next generation semi-submersible vessel to Chinese shipyards.COSCO will build the vessel in partnership with China Shipbuilding Industry Corporation and Guangzhou Shipbuilding International.The 70,000 dwt DP2 semi-submersible vessel is expected to be delivered in the first quarter of 2027.

VARD signed a contract with Taiwan's Dong Fang Offshore for the design and construction of one Offshore Subsea Construction Vessel, with option(s). The vessel is of VARD 3 39 design, and the value of the contract is $125 million. This is the third vessel VARD is building for DFO, with the first two being Commissioning Service Operations Vessels, contracted in May 2024.DFO aspires to be the supplier of choice to deliver international standard cable installation and repair solutions in the wind and telecoms industries…

The global economy is bracing for renewed turbulence following U.S. President Donald Trump’s announcement on Wednesday of sweeping new tariffs, triggering fears of a global trade war and sparking immediate market and political reactions.According to the White House, the new measures include a 10% minimum tariff on most imported goods, with certain products - particularly those from major U.S. trade partners like China, South Korea, Japan, and the European Union - facing duties as high as 25%.

Miros expanded its product line with the launch of the Oil Spill Detection (OSD) Monitoring application in Miros Cloud.Designed to run on top of Miros’ OSD system, the solution introduces a new level of real-time visibility, centralized collaboration, and full accountability for offshore operators and proactive oil spill management. In an industry where oil spills demand instant action, OSD Monitoring empowers users to monitor, track, and respond faster than ever before, minimizing environmental impact.

Louis Dreyfus Armateurs (LDA) and MaDfly have deployed a remotely operated vehicle (ROV) in open sea conditions, marking a breakthrough in offshore in-water surveys.The operation was conducted on the service operation vessel (SOV) Wind of Hope next to the Hornsea 2 wind farm in England, marking a significant advancement in offshore inspection technologies.The innovative in-water survey was performed by MaDfly’s expert team under the supervision of the classification society Bureau Veritas.According to LDA…

Kongsberg Maritime has secured a contract to supply an integrated package of equipment for a new Offshore Support Vessel (OSV) being built for ship owner DOF.The new 110-meter OSV, with a capacity to accommodate 164 people, is designed by MMC Ship Design and constructed at CRIST shipyard in Gdynia in Poland. The vessel will operate offshore Newfoundland, known for its harsh environmental conditions.It will be equipped with a comprehensive range of Kongsberg Maritime systems, including the DC main switchboard…

NYK Line, NTT FACIITIES, Eurus Energy Holdings Corporation, MUFG Bank, and the city of Yokohama have signed a memorandum of understanding (MoU) for a demonstration project of an offshore green data center, utilizing a mini-float installed as a disaster countermeasure.On a mini-float, spanning 25 meters in length and 80 meters in width, installed off Osanbashi Pier in Yokohama City, the partners will test an offshore floating data center fully powered by renewable energy generated by solar power and battery energy storage systems.Based on the results…

Dutch geological data specialist Fugro, has reported that its Fugro Mercator vessel, which run aground off Italy, has been safely towed to a shipyard for inspection.The 42-meter long geophysical survey vessel had run aground on the north coast of Elba on March 22.With no injuries to people and no harm to the environment, Fugro is thankful that the impact of the incident has remained limited.The vessel will now be fully inspected at the shipyard. Fugro will also conduct a full…

India is considering a proposal to scrap import tax on U.S. liquefied natural gas (LNG) to boost purchases and help cut the trade surplus with Washington, a key irritant for President Donald Trump, four government and industry sources said.The United States is India's second biggest supplier but the two sides are looking to ramp up volumes for India's energy-hungry economy, one of the fastest growing in the world.During Prime Minister Narendra Modi's U.S. visit last month, India pledged to increase U.S.

U.S. Secretary of State warned Venezuela on Thursday that it would be "a very bad day" for the South American country if it were to attack its neighbor Guyana or U.S.-based energy giant ExxonMobil, in comments that threatened unspecified action in such a case.Caracas condemned Rubio's remarks, made during a visit to Guyana's capital.Guyana and Venezuela are locked in a long-running dispute about which country has rights over the 160,000-square-km (62,000-square-mile) Esequibo area…

Companies planning a flagship offshore gas project between Venezuela and Trinidad and Tobago "have not slowed down" work, Trinidad Prime Minister Stuart Young said on Thursday, despite the United States increasing pressure on sanctioned Venezuela and uncertainty over the extension of a license for the project.Following talks with U.S. Secretary of State Marco Rubio, who is visiting South American and Caribbean countries this week, Young said the "landscape is changing," referring…

Kongsberg Maritime has launched the K-Sim Offshore DP3 Anchor Handling Simulator, designed for training for complex offshore operations.With an investment of over $322,000, the innovative training solution is designed to elevate competency standards, enhance operational efficiency, and promote sustainability across the sector.Additionally, it focuses on improving maritime safety by supporting our local customers and partners in ensuring safe operations and reducing risks in critical maritime activities.Situated at Kongsberg Maritime’s Aberdeen office in Westhill…

Northern Offshore Group (N-O-G), an NYK Group company, has purchased Mistral Enabler service operation vessel (SOV) from Edda Wind.The 81-meter-long Mistral Enabler SOV, with an onboard capacity for 60 people, will be renamed Northern Ocean.N-O-G owns more than 60 crew transfer vessels (CTVs) and has previously managed SOVs, but this is its first owned SOV. An SOV is a large ship that transports workers and materials to construct and maintain offshore wind power generation facilitiesAdding…

BP is exploring the sale of minority stakes in two of its most valuable Gulf of Mexico oil projects — Kaskida and Tiber — as the energy giant recalibrates its strategy to prioritize oil and gas, according to two sources familiar with the matter.The potential divestments could involve selling up to 50% of each project, which are estimated to be worth billions of dollars, the sources said. Discussions are still in the early stages, and a formal sales process may launch later this year.The move comes as BP retreats from an earlier pivot toward clean energy…

Danish offshore wind installation firm Cadeler has taken delivery of its latest jack-up wind turbine installation vessel (WTIV), Wind Pace, marking another significant milestone in the company’s ongoing fleet expansion.Delivered safely, on time, and within budget, Wind Pace has become the seventh vessel in Cadeler’s growing portfolio of wind turbine installation vessels.Wind Pace was officially named at a ceremony on the March 12, 2025, at the COSCO Shipping Heavy Industry (COSCO) shipyard in Qidong, China, where it was built.After the delivery, Wind Pace will be deployed in the U.S.

Delfin LNG and German company Securing Energy For Europe (SEFE) have signed a 15-year agreement for 1.5 million tons of U.S. LNG per annum, the companies said on Tuesday.Under the agreement, liquefied natural gas would be exported from floating LNG (FLNG) vessels that Delfin wants to deploy off Cameron Parish, Louisiana, Delfin said in a press release.The free-on-board deliveries will commence immediately following the construction and commissioning of the FLNGs, Delfin said.It did not provide a timeline.

Scottish shipbuilder Ferguson Marine (Port Glasgow) has appointed a Graeme Thomson as its new Chief Executive Officer (CEO).Graeme will officially take up the position on May 1, 2025, following on from former interim CEO, John Petticrew.Graeme joins Ferguson Marine from international aerospace, defense and nuclear engineering services business, Babcock, where he has been Programme Director since 2019, overseeing the delivery of the Type 31 Royal Navy frigate program.Prior to joining Babcock…

Sea1 Offshore, formerly Siem Offshore, has ordered two more offshore energy support vessels from Cosco Shipping.The vessels are based on a similar design as the first two vessels Sea1 Offshore ordered from the same shipyard in November 2024.The four vessels will have capabilities to serve both oil and gas and renewable markets.The scheduled delivery for the vessels is from third quarter 2027 to fourth quarter 2027.Based on ST-245 design, the vessels will be methanol ready with…

Seas Geosciences has completed the conversion of the BOS Princess into a multipurpose geotechnical drilling vessel that is now ready to serve the global offshore energy industry.With its 80-metre length and close to 19-metre beam, the BOS Princess is equipped to support Seas’ geotechnical investigations.It has been outfitted with custom tools capable of transitioning from water depths of 10 meters to more than 4,000 meters while conducting simultaneous downhole and seabed operations.Seas…

Miros has extended its agreement with Prysmian for the supply of wave monitoring systems, which have been installed on Prysmian Monna Lisa and Prysmian Marco Polo cable laying vessels (CLVs).Both vessels have been fitted with Miros’ WaveSystem and Miros Cloud technology and now benefit from real-time sea state and weather data.This builds upon the successful deployment of the same monitoring systems on Prysmian Leonardo da Vinci vessel in 2021.Prysmian's Marco Polo specializes in shallow-water cable laying and burial installation, even in harsh environmental conditions.

Windward Offshore has established a partnership with Marubeni Corporation. Windward, with a fleet of four CSOVs (Commissioning Service Operation Vessels) currently under construction at VARD shipyards, secured a senior loan facility of up to EUR 182m at the end of 2024, and in February 2025 Windward Athens, the first vessel in the series, was launched, scheduled.The partnership was finalized with Windward Offshore raising new equity to fund future growth, and Marubeni Corporation acquiring the new shares through a wholly owned subsidiary…