Fewer vessels travelled through the Strait of Hormuz on Wednesday, the first day after the U.S. reimposed its naval blockade on Iranian ports with both countries escalating strikes across the Gulf, shipping data showed.Nine vessels crossed the strait on Wednesday…
Wärtsilä has signed a five-year lifecycle agreement with Ireland-based Pardus Energy to support the operation of the floating storage and regasification unit (FSRU) TURQUOISE P.The agreement includes contract management, maintenance planning and spare parts support for the vessel…
SMD has delivered the first of two heavy-duty power cable ploughs to Prysmian for deployment on the company's new-generation cable laying vessels (CLVs).The second system is scheduled for delivery later this year. The ploughs will be mobilized…
Windcat has secured long-term contracts with Ørsted to provide crew transfer vessel (CTV) services supporting the offshore wind developer's operations from Grimsby in northeast England.The agreements, which began in June, have a firm term of five years with options for extension…
Oil extended gains by around 2% on Wednesday as President Donald Trump reimposed a naval blockade on all Iranian ports and Iran's Islamic Revolutionary Guard Corps threatened to close 'all other export corridors that benefit the U.S. and its allies'…
Norwegian offshore services provider DOF has received a letter of award for a four-year offshore contract valued between $100 million and $200 million, adding another long-term assignment to its vessel fleet.The company will deploy the anchor…
Heerema Marine Contractors has reduced the North Atlantic transit time of its semi-submersible crane vessel (SSCV) Sleipnir by 2.5 days following a voyage optimization pilot with French ocean intelligence company Amphitrite.The data-driven pilot…
James Fisher and Sons and Aquaterra Energy have formed a strategic global partnership to provide integrated offshore decommissioning services, combining front-end engineering, well access, subsea operations and offshore execution under a single delivery model…
Oil prices surged more than 3% on Monday after renewed military strikes between the United States and Iran reignited concerns over energy shipments through the Strait of Hormuz.Brent crude futures LCOc1 were up $2.67, or 3.51%, to $78.68 at 0743 GMT…
The number of vessels transiting the Strait of Hormuz fell to multi-week lows on Sunday, shipping data showed, as renewed strikes between the U.S. and Iran and attacks on ships in the Middle East heightened safety concerns.Six vessels transited the strait on Sunday…
Italian energy contractor Saipem's merger with Norwegian peer Subsea 7 is set to face a full-scale EU antitrust investigation because of competition concerns about the deal, people with direct knowledge of the matter said.The companies announced…
Singapore-listed marine logistics company Marco Polo Marine's offshore wind division, PKR Offshore, has signed a framework agreement with Siemens Gamesa for the deployment and charter of two commissioning service operation vessels (CSOVs) for offshore wind projects in Asia…
Saitec Offshore Technologies, through DemoSATH Lab, is using its operating floating wind demonstrator as a real-scale testing ground to study environmental interactions, improve monitoring methods, and explore solutions that support coexistence with marine biodiversity…
Axess Group has been selected by Golar LNG to carry out maintenance build and integrity management work across two floating liquefied natural gas (FLNG) assets following competitive tender processes.For the MK II FLNG, Axess will provide maintenance build services…
The U.S. Department of Transportation's Maritime Administration (MARAD) has decided to move forward with issuing a deepwater port license to Delfin LNG after a federal appeals court denied review of a legal challenge by environmental groups…