Australia-based Shelf Subsea’s DPIII saturation diving vessel Southern Star has started its second project of 2025 following a short layover in Singapore. According to Shelf Subsea, the vessel is engaged in a floating production storage and offloading (FPSO) change-out operation in the Gulf of Thail
Canada-based oil and gas company Valeura Energy has completed an infill drilling campaign at an oil field in the Gulf of Thailand using Borr Drilling’s jack-up rig.
Draft amendments to Bangladesh’s ship recycling and hazardous waste management legislation have been developed to align the shipbreaking industry with international environmental standards and safety regulations, the International Maritime Organization (IMO) has revealed. According to IMO, the propo
Cochin Shipyard has started building a hybrid-electric service operations vessel (SOV) for North Star, which will operate at the He Dreiht offshore wind farm in Germany under a long-term charter North Star signed with EnBW last year. North Star and Cochin Shipyard cut the first steel for the new SOV
Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson Holdings, and partners have held a steel-cutting ceremony for a floating storage and offloading (FSO) unit destined for an oil field offshore Vietnam.
Singapore-based company Canopy Power has deployed renewable energy systems that include floating solar, at Soneva’s luxury resorts in the Maldives, with a new project on the way, cutting diesel use and lowering carbon emissions. Canopy Power has completed the installation of renewable energy systems
Norwegian shipping company Rem Offshore has held the steel cutting ceremony for its second energy subsea construction vessel (ESCV) being constructed in Vietnam. Two and a half months after entering the contract with compatriot Myklebust Verft, Rem Offshore announced it had celebrated the steel cutt
India’s Seamec Limited has entered into a charter hire with a Saudi Arabian company under which its multipurpose diving support vessel (DSV) will be deployed in the Middle East. Seamec entered into a Bimco charter party with Safeen Al Behar Limited Company, Saudi Arabia, for the charter hire of Seam
Despite ongoing concerns over unsafe and environmentally damaging shipbreaking practices, in 2024, 80% of the global vessel tonnage scrapped—totaling 255 out of 409 dismantled ships—was broken under substandard conditions on the beaches of South Asia, Belgian NGO Shipbreaking Platform has found. Not
A rapid transition could lead to “premature scrapping” of over a third of the fleet, valued at over $400 billion, unless they undergo costly retrofits to remain competitive in the wake of new greenhouse gas (GHG) policies and wider energy transition, a new report shows.
Price volatility, rise in costs, climate change, energy transition agendas, rising power demand, and emerging technologies and innovations, including market evolution, automation, and progress in unleashing the benefits of artificial intelligence (AI), have also played their part in shrinking the jo
EnQuest has set the wheels in motion to expand its presence in Southeast Asia by buying Harbour Energy’s business in Vietnam, which encompasses producing oil and gas assets.
