The US-based investment firm KKR has decided to acquire a 38 per cent stake in South Korean marine services provider Hyundai Global Service (HGS).
PTTEP and Petronas have made a gas discovery from Dokong-1 wildcat well in Block SK417, located in the shallow waters of Baram Province offshore Malaysia.
Singapore’s offshore builder Sembcorp Marine expects losses to continue after reporting a higher net loss in FY2020 compared to FY2019.
Specialist Marine Consultants (SMC) has secured a contract to deliver marine coordination services at the Changfang and Xidao offshore wind farms in Taiwan. SMC will deliver a turnkey marine coordination package for the construction of the two wind farms, including the provision of both marine coord
The coalition of major international companies joined to accelerate the energy transition in transport and logistics unveiled their first seven concrete steps and welcomed three new members.
TechnipFMC has won a contract from Petronas for the Limbayong deepwater development project offshore Malaysia. Under the contract, TechnipFMC will provide front-end engineering design, and integrated engineering, procurement, construction, installation and commissioning (iEPCI) of subsea production
CWind Taiwan has secured a contract by Van Oord to charter a survey vessel for the nearshore cable route survey at the Greater Changhua 1 & 2a offshore wind project in Taiwan. Starting this March, CWind Taiwan will use Ocean Surveyor 3 to support Van Oord in conducting multibeam surveys of the wind
Safeway has secured a contract with Van Oord to supply its motion-compensated gangway for subsea construction vessel Topaz Tangaroa during offshore wind work in Taiwan. The Safeway Seagull gangway system will be installed on the vessel in Rotterdam and will be deployed to transfer personnel and carg
The world’s oil and gas industry’s production will peak lower and earlier than expected before the 2020 market crisis, a Rystad Energy analysis shows.
Siem Offshore has entered into a contract with Seaway 7 for the subsea offshore construction vessel Siem Barracuda. The renewables business unit of Subsea 7 will utilise the vessel for an offshore wind project in the Far East. The Siem Barracuda is currently mobilising to the area of operation, for
Petronas will be offering 13 offshore exploration blocks in Malaysia at the upcoming Malaysia Bid Round (MBR) 2021 launch on 26 February 2021.
UK Export Finance (UKEF) is providing a £200 million buyer credit guarantee to help finance the Greater Changhua 1 offshore wind farm in Taiwan. UK companies Seajacks and Trelleborg have already capitalized on UKEF’s support by winning export contracts with project developer Ørsted. Seajacks will sh
