As much as 40 per cent of maintenance work carried out by floating production storage and offloading (FPSO) vessel operators was described as “unnecessary” by a report from UK’s classification society Lloyd’s Register (LR).
The labor market is on lockdown since the start of the corona crisis, however the first signs of change are starting to appear.
LOC Group has won a contract with Cong ty Phan Dau Tu Dien Gio Hoa Binh1 to support the development of the Hoa Binh 1 offshore wind project in Vietnam. LOC will provide marine warranty services and consulting services, and will give guidance and recommendations to contractors on how best to meet pro
Malaysian FPSO provider Yinson has revealed the amount of the settlement with PetroVietnam regarding the 2019 termination of a $1 billion FPSO charter contract.
Specialist Marine Consultants (SMC) has secured a contract to provide marine supervision services to Siemens Gamesa for the Yunlin offshore wind project in Taiwan. SMC said it will be working with ATLAS, its proprietary marine management software solution, to ensure the delivery of services througho
Jadestone Energy has started arbitration proceedings against Teikoku, a subsidiary of Inpex, related to Jadestone’s acquisition of an interest in Block 05-1 PSC, offshore Vietnam.
Ports can play a pivotal role in the world’s decarbonization challenge by becoming renewable energy hubs, increasing their electricity generating capacity more than tenfold in the next 30 years with the help of offshore wind and hydrogen, a new report from DNV GL finds. By 2050, the total electricit
Equinor has started conducting wind measurements to investigate the possibility of developing and constructing an 800 MW floating offshore wind project in South Korea. Two floating wind speed measurement installations using LiDAR technology have been deployed in the East Sea from Ulsan to conduct me
Offshore wind could become a $ 1 trillion industry over the next two decades, and renewable energy in general will create an investment opportunity of between $ 8 trillion and $ 16 trillion by 2030, according to some of the reports recently published. Meanwhile, oil & gas giants are making concrete
The worldwide offshore rig count in June 2020 dropped by 65 rigs year-over-year and 2 rigs sequentially, according to a report by Baker Hughes.
Eversendai has decided to acquire a 100 per cent equity interest in service provider Vahana Offshore and its subsidiaries for a purchase consideration price of RM235 million ($54.8 million).
Wind-assisted ship propulsion has immense potential for achieving fuel savings and cutting emissions. Even though it is not believed to be THE solution for full decarbonization of the industry and getting to net-zero, it has emerged as an intermediary step which, when combined with other available s
