Offshore News


COP28 Puts Spotlight on Methane Pledges

Nov 27, 2023

Delegates at this year's U.N. COP28 climate summit are anxious to boost the world's climate change agenda with concrete plans for clamping down on the second-most prominent greenhouse gas – methane.While more than 150 countries have promised…

Report: New Gas Supply Needed in All Australian Net Zero Pathways

Nov 26, 2023

Australia will still need substantial gas production 26 years from now to ensure reliable and affordable energy in 2050, even under a net zero scenario, according to The future role of natural gas in Australia and the region.EY was commissioned…

Damen Wins Order to Build Vessel for Taiwan Offshore Wind Market

Nov 24, 2023

Japan-based Mitsui O.S.K. Lines, (MOL)  and Taiwan-based Ta Tong Marine Co. have through their joint venture Ta San Shang Marine Co. Ltd. (TSSM), signed a deal with the Dutch shipbuilder Damen Shipyards for the construction of a new service operation vessel (SOV)…

Petrobras to Invest $102 Billion in Next Five Years

Nov 23, 2023

Brazil's Petrobras will invest around $102 billion within the 2024-2028 period, the firm's new strategic plan showed on Thursday, representing a major boost in expected investments by the state-run oil company.The plan, the first released by…

Eni to Invest $10 Billion in Ivory Coast Baleine Field

Nov 23, 2023

Eni will invest $10 billion in the development of the Baleine field offshore Ivory Coast, which will take place in three phases from 2023 to 2027, Energy Minister Mamadou Sangafowa Coulibaly said on Thursday.The Baleine field, where certified reserves are estimated at 2…

Hapo Acquires 1,200-Ton Cranes from Cadeler's Wind Installation Vessels

Nov 23, 2023

Hapo International Barges has acquired cranes recently removed from Cadeler's Wind Orca and the Wind Osprey offshore wind installation vessels from Cadeler.These 1,200-ton cranes had to be replaced with even larger cranes for Cadeler to be able to install the next generation of wind turbines…

N-Sea Extends Braveheart Spirit Charter to 2025 End

Nov 23, 2023

Subsea services firm N-Sea said Thursday it had extended the long-term charter agreement for the vessel Braveheart Spirit until December 31, 2025.Since April 2022, N-Sea has had the vessel under full management and control. The vessel, formerly known as the DPSV Bourbon Gulf Star vessel…

BMT and Strategic Marine Partner on Crew Vessel Sustainability

Nov 22, 2023

U.K. headquartered naval architecture and marine engineering firm BMT is teaming up with Singapore-based shipbuilder Strategic Marine to drive the offshore wind crew vessel industry toward a more sustainable future.Under a new Long-Term Agreement (LTA)…

Meyer Werft Bags Its First Offshore Order

Nov 22, 2023

German shipbuilder Meyer Werft reports it has secured its first order within the growing offshore converter platform business.The Papenburg shipyard—part of the Meyer Group, known primarily for building cruise ships—will carry out the majority…

Offshore Wind: Marco Polo Marine, Vestas Pen Deal for Newbuild CSOV

Nov 22, 2023

SGX-listed Marco Polo Marine has signed a framework agreement with wind turbine maker Vestas, which finalizes the previous Memorandum of Understanding signed in December 2022 between its Taiwan-based subsidiary, PKR Offshore Co., Ltd and Vestas Taiwan Co…

Finland-Estonia Gas Pipeline System to Get Bigger Capacity after Repair

Nov 22, 2023

The Balticconnector gas pipeline between Finland and Estonia, which was damaged last month, will get a bigger northbound transmission capacity next year following repairs, Finnish operator Gasgrid said in a statement on Wednesday.The increase…

Equinor’s Economic Boost to Local Industry Increases

Nov 21, 2023

A new report shows that deliveries to exploration, operation and modification of Equinor-operated fields and onshore plants in Norway exceeded 93 billion NOK in 2022, an increase of approximately 13% from the previous year.The report was presented…

US Approves Equinor and BP's Empire Wind Offshore Project

Nov 21, 2023

The U.S. Department of the Interior on Thursday approved the Empire Wind offshore project, owned by Equinor and BP, the sixth commercial-scale wind farm to be greenlit under President Joe Biden's administration.Empire Wind is among several offshore…

Maersk and The Ocean Cleanup Forge Ahead in Plastic Capture

Nov 21, 2023

Offshore vessel owner Maersk Supply Service, A.P. Moller – Maersk,  and The Ocean Cleanup have agreed to extend their collaboration to complete the validation of the system by The Ocean Cleanup which is said to be able to consistently capture significant quantities of plastic from the ocean…

Havfram Secures Loan for Offshore Wind Vessel Construction

Nov 21, 2023

Offshore wind installation company Havfram has signed a Senior Secured Green ECA Term Loan Facility to fund its two wind turbine installation vessels ('WTIVs'), currently under construction at CIMC Raffles in China.  The Facility was entered into with a syndicate led by DNB Bank ASA (Coordinator…

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