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Pertamina Shipping Unit to Spend $4 Billion on Fleet Upgrades

Jun 25, 2021

Indonesia's state oil company Pertamina's new unit, Pertamina International Shipping (PIS), is looking to spend $4 billion in the next seven years to refurbish its fleet of vessels and upgrade terminals, a top official said on Friday.The new unit plans to replace 23 vessels and expand its fleet, to ensure compliance with the latest International Maritime Organization standards and eventually serve other regional companies…

Market Report: The Work Class ROV Market

Aug 02, 2021

Demand for work-class ROVs (WROV) has traditionally been determined by the state of the global offshore oil & gas industry. This is likely to remain the case in the short to medium-term. However, there’s a new kid on the block – offshore wind…

Siem Offshore's Anchor Handler Secures Charter Extension in Australia

Jul 29, 2021

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…

ONGC, Coast Guard Prevent Disaster as LPG Tanker Goes Adrift Near Offshore Installations

Jul 27, 2021

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…

Jan De Nul Installs Export Cables for Formosa 2 Offshore Wind Farm in Taiwan

Jul 23, 2021

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…

Svitzer Nets 10-Year Deal for Towing Services at Offshore LNG Terminal in the Philippines

Jul 21, 2021

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…

Solstad Offshore Nets Medium-term Deals for Offshore Construction Vessel Duo

Jul 21, 2021

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…

La Gan Wind Taps Fugro, Partners for Geotechnical Survey Off Vietnam

Jul 20, 2021

Offshore wind developer La Gan Wind, owned by Copenhagen Infrastructure Partners (CIP), Asiapetro, and Novasia, has awarded an offshore geotechnical contract to a consortium led by Vietsovpetro, PTSC G&S, and Fugro.The award is part of CIP’s…

Hudong-Zhonghua Delivers LNG FSRU to Dynagas

Jul 19, 2021

China's Hudong-Zhonghua Shipbuilding Group last week delivered its first 174,000 cubic-meter floating liquefied natural gas storage and regasification unit (LNG-FSRU).The 294 meters long LNG FSRU named Transgas Power was delivered to the Greek company Dynagas on Thursday…

Oil Prices Drop on Expected Supply Increase

Jul 15, 2021

Oil prices fell on Thursday, extending losses as investors braced for increased supplies after a compromise deal between leading OPEC producers and as U.S. fuel stocks rose, raising concerns over demand in the world's largest consumer.Brent crude dropped 52 cents…

Solstad Secures Contracts for Several PSVs, Anchor Handlers

Jul 07, 2021

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…

Strategic Marine Delivers Centus Nine Fast Crew Boat to Centus Marine

Jul 06, 2021

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…

L3 Harris Tapped to Deliver USV for Offshore Oil Spill Response

Jul 01, 2021

An unidentified 'leading integrated oil and gas company' recently took delivery of an Unmanned Surface Vehicle (USV) from  L3Harris Technologies, a USV designed to help out during oil spill response operations.C-Tug 3 is an 11-ft. USV  outfitted with L3Harris' ASView control system…

Fred. Olsen Ocean, Shimizu in Offshore Wind Pact

Jun 29, 2021

Fred. Olsen Ocean (FOO), including its subsidiaries Fred. Olsen Windcarrier (FOWIC) and Global Wind Service (GWS), on Tuesday announced a partnership with Shimizu Corporation (Shimizu) to support growth and development in the offshore wind industry in Japan and worldwide…

Jan De Nul Installs Final Turbine at TPC's 109.2 MW Wind Farm Off Taiwan

Jun 23, 2021

Jan De Nul Group said Wednesday it had completed the installation of all 21 offshore wind turbines for the 109.2 MW Taiwan Power Company Offshore Windfarm Phase 1 Project – Demonstration, including the installation of all subsea cables.The TPC Offshore Wind Farm near Fangyuan…

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