Foreseeing no financing woes to hinder its progress, Malaysia’s Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson, is eyeing refinancing opportunities for two floating production, storage, and offloading (FPSO) units with new project bonds on t
Ocean services provider DeepOcean has signed a heads of terms agreement with Saudi Arabia-based Jana Marine Services to establish a joint venture company that will offer integrated subsea solutions to the offshore energy industry in the Middle East. To be named JADE Subsea Services, the joint ventur
Three pipelay support vessels (PLSVs) owned by a joint venture of DOF and TechnipFMC have secured contract extensions with Brazil’s oil and gas firm Petrobras. The current contracts of the 142-meter-long Skandi Vitória and Skandi Niterói have been extended from the fourth quarter of 2025 until the f
Dong Fang Offshore (DFO) has signed a memorandum of understanding (MoU) with GO Offshore (GO), establishing a framework for future cooperation in the offshore wind farm supporting vessel business, as well as offshore oil and gas vessel operations.
Italian shipbuilding group Fincantieri, through its subsidiary Ingegneria dei Sistemi (IDS), and compatriot Next Geosolutions (NextGeo), have signed a memorandum of understanding (MoU) to establish a strategic collaboration for the development of unmanned surface vehicles (USVs) and related technolo
The American Bureau of Shipping (ABS), a classification society, has launched a real-time 3D structural digital twin life-cycle management tool, which is a web-based solution tailored for floating production storage and offloading (FPSO), floating liquefied natural gas (FLNG), and floating storage a
Dubai-based offshore vessel operator Astro Offshore, an Adani Group company, has welcomed a multipurpose support vessel (MPSV) to its fleet to enhance its offshore support and subsea capabilities. The 88-meter DP2 diesel electric MPSV Astro Achernar offers accommodation for 222 personnel and a 100-t
Norwegian vessel owner DOF Group has secured contract extensions that will keep two subsea vessels at work in Guyana. The contracts of Skandi Nomad and Skandi Constructor, both operating in Guyana, have been extended by one year each. Thanks to the extensions, the 2010-built Skandi Nomad is contract
Serica Energy has disclosed the restart of production from a floating production, storage, and offloading (FPSO) vessel, which is deployed at its North Sea asset on the UK Continental Shelf (UKCS).
Ocean services provider DeepOcean has entered into a time charter agreement with Glomar Offshore for a 2009-built multipurpose support vessel to enhance its survey and inspection, maintenance and repair (IMR) offering in the offshore wind and oil & gas sectors. Glomar Supporter will join DeepOcean’s
Norwegian vessel owner DOF Group has secured two new long-term contracts with Brazil’s state-owned energy company Petrobras that have a combined value of approximately $200 million. Skandi Chieftain and Skandi Olympia have been awarded four-year charters, with both vessels to operate with one work-c
Swiss technology company ABB has signed a term sheet agreement with Dutch renewable energy company SwitcH2 to engineer and supply automation and electrification solutions for SwitcH2’s floating production, storage and offloading (FPSO) unit dedicated to producing green ammonia from green hydrogen.
UK-based upstream oil and gas player Serica Energy is engaged in talks with Dana Petroleum to come up with a way to improve the performance of a floating production, storage, and offloading (FPSO) vessel, which is being prepared to resume limited production from Serica’s North Sea asset on the UK Co
AKOFS Offshore, an Oslo-headquartered provider of vessel-based subsea well construction and intervention services, has secured a firm contract for one of its vessels that ensures it will continue working for Brazilian oil & gas giant Petrobras. Following a competitive tender process that resulted in
