Yinson Production has secured a $131.5 million senior secured bank financing facility together with joint venture partner PTSC for a floating storage offloading (FSO) vessel being built for the Block B gas project offshore Vietnam.The company said the facility…
The Offshore Alliance said on Monday the union grouping had served notice to strike at Inpex's Ichthys liquefied natural gas facility in northern Australia from May 27, in a move that could worsen already tight global energy supplies.Last month 326 of 346 union workers at the 9…
Australian regulator NOPSEMA has released a new safety bulletin highlighting the continued occurrence of serious incidents and injuries during offshore lifting operations.A review of incidents over the past five years shows a consistent pattern of failures during lifting tasks…
As technologies such as AI and future fuels continue to evolve rapidly, offshore and maritime companies increasingly look to classification societies as the source for technical insight and guidance. Steven Grotsky, Sales & Marketing Vice-President…
Singapore's Seraya Partners is considering a dual-track process for its offshore wind services firm Cyan Renewables that could result in either a sale or an initial public offering, its chief investment officer said.Cyan, a Singapore-based marine services company focused on renewables…
Ocean Winds, a joint venture between EDP Renewables and ENGIE, has secured full planning consent from Aberdeenshire Council for onshore cable infrastructure linked to its 2 GW Caledonia offshore wind farm in Scotland.The company said the approval…
Offshore drilling contractor ADES Holding has secured a new contract in Nigeria for its Main Pass IV standard jack-up rig.The contract has a one-year firm term with an additional one-year unpriced option, with the firm term value of the contract of $48…
Oil major BP is considering selling some of its natural gas assets in Egypt, four people close to the matter told Reuters, as new CEO Meg O'Neill restructures the group to cut debt and refocus on more profitable projects.BP has invested more than $35 billion in Egypt over six decades…
The substructures for fixed offshore wind turbines weigh thousands of tonnes. Only about five vessels in the world can lift that much weight. So now researchers are testing an alternative: an unusually wide barge.Using experience gained from the oil and gas industry…
Taihan Cable & Solution has acquired a second cable laying vessel (CLV) from DOF Group to strengthen its offshore wind and subsea power cable installation capabilities amid growing global demand for grid interconnection infrastructure.The South…
Cadeler has completed the installation of the first fully commissioned monopile foundation at Ørsted’s Hornsea 3 offshore wind farm in the UK, marking a major milestone in the execution of one of the world’s largest offshore wind developments…
ABL Energy & Marine Consultants Brasil has been appointed marine warranty surveyor (MWS) for Subsea7’s transportation and installation campaign covering SURF infrastructure for the Mero 3 and Mero 4 offshore developments in Brazil’s Santos Basin…
Türkiye has announced plans to launch its first offshore wind Renewable Energy Resource Area (YEKA) tender after completing permitting processes for four identified offshore sites, Energy and Natural Resources Minister Alparslan Bayraktar said…
Stamper Oil & Gas has received an extension for Petroleum Exploration Licence (PEL) 102 offshore Namibia while continuing technical and strategic work across its offshore exploration portfolio amid increasing industry activity in the region…
Guice Offshore, a leader in the offshore maritime mini supply vessel specialty market, announced the appointment of veteran energy finance executive Trey Stolz as Chief Financial Officer. Stolz brings more than 20 years of experience as an investment…
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