Oil prices fell by 4% on Monday, extending last week's steep losses on the back of a rising U.S. dollar and concerns that new coronavirus-related restrictions in Asia, especially China, could slow a global recovery in fuel demand.A United Nations…
China Classification Society (CCS) is reporting the successful surveying of the world’s first 100,000 DWT deep-water semi-submersible floating production storage and offloading installation (FPSO).Dubbed Shen Hai Yi Hao, the platform is formally…
Norwegian offshore vessel owner Siem Offshore has been awarded a six-month extension for the AHTS Siem Topaz in Australia. Siem Offshore shared the news on Wednesday, without disclosing the identity of the client.The Siem Topaz is a low emission anchor handler that is suitable for anchor handling…
Indian oil and gas explorer ONGC said Monday it had, together with Coast Guard, helped avert a possible disaster relating to an empty LPG Tanker ‘Gas Yodla’ which went adrift after engine failure in the Arabian Sea on July 24, 2021. 'At 6:35 PM on that day…
Offshore installation firm Jan De Nul has installed four export cables for the 376MW Formosa 2 offshore wind farm in Taiwan. Jan De Nul used its cable-laying vessel Willem de Vlamingh to install with cables of total length of 34 kilometers.'Thanks to her shallow draft design…
Singapore's Sunseap Group says it plans to spend $2 billion to build the world's largest floating solar farm and energy storage system in neighboring Indonesian city Batam, which will double its renewable power generation capacity.The floating photovoltaic system is expected to have a capacity of 2…
Offshore seismic data and services trio TGS, PGS, and Schlumberger's WesternGeco, have secured pre-funding for a 6,400 square kilometer multi-client 3D survey starting in October in the Sarawak Basin, offshore Malaysia.The survey is the first…
Maersk's Svitzer, a maritime towage provider, has recently signed a 10-year deal with FGEN LNG, a First Gen subsidiary, for towage and other vessel support services required by FGEN LNG’s Offshore LNG Terminal in the Philippines.The LNG Terminal…
Japan's JFE Engineering Corporation is set to build a factory for the construction of monopile foundations and transition pieces for the offshore wind industry. The company also has plans to build jacket-type foundations in the future.'The monopile…
Norwegian offshore vessel owner Solstad Offshore said Tuesday it had secured two contracts for its large construction vessels.The medium-term contracts are for the vessels Normand Navigator and Normand Frontier.The Normand Navigator, a 142,6 meters long vessel built in 2015…
Noble Corp and a consortium that includes Transocean Ltd and Dolphin Drilling are competing to acquire the assets of Seadrill Ltd, the bankrupt offshore oil driller controlled by Norwegian-born tycoon John Fredriksen, people familiar with the matter said on Tuesday…
South Korean shipbuilder Samsung Heavy Industries is joining the offshore wind industry through the development of an independent offshore wind floater model able to operate in extreme marine environments.The company said Monday it had received Approval in Principle (AiP) for its 9…
Oil major Shell has signed a five-year contract with PetroChina to supply the Chinese company with carbon-neutral liquefied natural gas (LNG) cargos, Shell said on Monday.Many companies, particularly those in the fossil fuel industry are using…
Norwegian offshore vessel owner Solstad Offshore said Wednesday it had won multiple vessel contracts and extensions, with a duration of the contracts of around 1,000 vessel days in total.Solstad's platform supply vessel Normand Leader has been contracted to support a project offshore Australia…
Singapore's Strategic Marine has delivered a 42-meter Fast Crew Boat (FCB) for Centus Marine Sdn Bhd. The handover ceremony for the first of a pair of FCB's took place on June 24, 2021 at Strategic Marine’s Singapore shipyard.The vessel, named Centus Nine…
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