Costly environmental regulations recently introduced by the UN maritime body International Maritime Organization (IMO) are among the main factors for increased ship demolitions this year.
Magseis Fairfield has secured a contract to convey an ocean bottom node (OBN) survey in Asia for an undisclosed client.
The American Bureau of Shipping (ABS) has brought together leading companies in the FPSO sector to address the safety challenges produced by an ageing fleet.
LS Cable & System has revealed the plan to secure the largest submarine cable laying barge in Korea to increase participation in domestic and overseas projects.
Malaysian oil and gas company Petronas has issued a front-end engineering and design (FEED) tender for its third floating LNG unit (PFLNG Tiga), Platts reported.
South Korean shipbuilder Hyundai Heavy Industries (HHI) has decided to raise capital amounting up to KRW 1.08 trillion (about $932.8 million) in an effort to fund the development of eco-friendly vessel technologies.
Russia’s largest independent natural gas producer Novatek has established its representative office in Hanoi to supply LNG to the Vietnamese market.
Although we are in the midst of the summer holidays and mails are returned with out-of-office messages, some moves were made on the offshore energy chess board. Moves that show that the strategy of the game is changing towards a more sustainable future. In this weekly update recent developments from
Bangladesh’s Summit Oil and Shipping has signed a memorandum of understanding (MoU) with Commonwealth LNG for the supply of LNG to Asia, including Bangladesh.
Abu Dhabi-based renewable energy developer Masdar and Indonesia’s state-owned power company PT PLN have reached financial close and started construction of a 145MW floating solar project in Indonesia.
ZTT has secured an engineering, procurement, installation, and commissioning (EPIC) contract with the National Grid Corporation of the Philippines (NGCP) for the Negros-Panay interconnection project.
Singapore’s Jadestone Energy has completed its previously announced acquisition of the Peninsular Malaysia assets from SapuraOMV.
