U.S.-based Pacifico Energy has received a site survey license for a 500 MW offshore wind project in Ba Ria–Vung Tau, offshore Ho Chi Minh City, Vietnam. The license, granted by Vietnam’s Ministry of Agriculture and Environment (MAE), allows the company to carry out site survey assessment activities
Inpex Shipping, a wholly-owned subsidiary of Japan’s Inpex, has sealed a deal with MOL Encean, a subsidiary of Mitsui O.S.K. Lines (MOL), to expand its liquefied natural gas (LNG) fleet with a new vessel for which a naming ceremony has now been held in South Korea.
Belgian shipping company Exmar has unveiled a naming ceremony for two ocean-going ammonia dual fuel midsize gas carriers (MGC), which was held in South Korea.
Ship classification, inspection, certification and consulting engineering group RINA and South Korean conglomerate Hanwha Group have signed a memorandum of understanding (MoU) to promote the adoption of battery-hybrid propulsion systems in the maritime sector. According to RINA, the collaboration ai
Singapore-based tanker owner Hafnia has placed an order for the construction of eight fuel-efficient product tankers with the South Korean shipbuilder Hyundai Heavy Industries. The total purchase price for the medium-range (MR) newbuild product tankers is approximately $405 million, with deliveries
Vietnam’s Refrigeration Electrical Engineering Corporation (REE) is planning a billion-US-dollar push into offshore wind and floating solar as part of its renewable energy expansion strategy, according to Vietnamese media. At its 31 March 2026 annual general meeting, REE outlined plans to significan
Borr Drilling, an offshore drilling player with its corporate base in Bermuda, has landed new drilling assignments for multiple premium jack-up rigs, spanning four continents: Africa, Asia, Europe, and the Americas.
Vietnam’s Petrovietnam Drilling & Well Service Corporation (PV Drilling) has held the naming ceremony for a multi-purpose jack-up rig it purchased from U.S.-headquartered offshore drilling contractor Noble Corporation in 2025. PV Drilling held a naming ceremony for PV DRILLING IX, which it describes
The second energy subsea construction vessel (ESCV) being built for Norwegian shipping company Rem Offshore at a shipyard in Vietnam has been launched into the water. REM Ocean, for which the steel-cutting ceremony was held in February 2025 and keel laid in July, will, once completed at Myklebust Sh
Since the ignition of the conflict between the U.S. and Israel on one side and Iran on the other, the global markets have been on tenterhooks, as fears continue to grow over the impact the hostilities will have not just on the Middle East region but also the world at large, especially in terms of ec
Keyfield International, a Malaysian fleet owner of offshore vessels, has picked up new assignments across Malaysia, the Middle East, and Thailand for seven accommodation work boats (AWB) and one anchor handling tug supply (AHTS) vessel.
Italy’s energy giant Eni has taken final investment decisions (FIDs) for two gas projects off the coast of Indonesia, Southeast Asia. The company expects these projects to strengthen not only domestic supply but also LNG exports, while leveraging existing infrastructure to accelerate time to market.
