Offshore

FSRU Market Gains New Spotlight Amid Energy Security Concerns

Six New Units in 2024, 13 Under Construction — "Flexibility, Speed, and Cost-Effectiveness Make FSRUs a Key Alternative in an Era of FID Delays" As global energy security concerns deepen, Floating Storage and Regasifi..

News > Offshore > 2025-05-23 09:27:13

China Accelerates ‘LNG Carrier + FLNG’ Dual-Track Strategy to Lead Marine Energy

CNOOC and CSSC Drive LNG Value Chain Self-Reliance Efforts to Narrow Gap with Korean Shipbuilders China is actively advancing a dual-track strategy to strengthen both LNG carriers (transport) and FLNG (production) in the offshore ga..

News > Offshore > 2025-05-23 08:19:06

Seatrium secures AiP for 25,000 cbm ammonia BV

Singapore-based Seatrium has received Approval in Principle (AiP) from the American Bureau of Shipping (ABS) for its 25,000 cbm ammonia bunker vessel, marking a key step in its zero-carbon fuel ambitions. Seatrium is a company establ..

News > Offshore > 2025-05-21 16:50:50

HD HHI signs strategic MOU with Gate Energy to expand offshore energy sector

HD Hyundai Heavy Industries (HD HHI) is partnering with Houston-based engineering firm Gate Energy in a bid to expand its footprint in the offshore energy sector. GATE Energy and HD Hyundai Heavy Industries recently signed a Memora..

News > Offshore > 2025-05-21 11:46:54

Lamprell & Dong Fang Offshore sign MOU for next-gen wind installation vessel

Lamprell, a UAE-based provider of fabrication and engineering services for the energy industry, has signed a Memorandum of Understanding (MoU) with Taiwan’s Dong Fang Offshore to develop a new offshore wind turbine installation an..

News > Offshore > 2025-05-20 14:15:15

HD KSOE begins demonstration of eco-friendly ammonia fuel technology

HD Korea Shipbuilding & Offshore Engineering (HD KSOE), has officially begun the demonstration of its eco-friendly technology "Hi-CLEARS" (Hyundai integrated Clean Liquid basEd Ammonia Release mitigation system with SCR), ..

News > Offshore > 2025-05-16 18:07:07

Korea's FLNG builders stand to gain as U.S. LNG policy shifts

With President Donald Trump signaling renewed efforts to expand American LNG exports, industry watchers are turning their attention to a lesser-known but increasingly critical sector: floating liquefied natural gas facilities (FLNGs). T..

News > Offshore > 2025-05-16 15:50:52

LNG Carrier Conversion Market Gains Momentum

Major Player Golar LNG Expands FLNG Fleet Through Conversions China and Singapore Shipyards Lead Market with Low Entry Barriers The business of converting aging LNG carriers into floating liquefied natural gas production units (FL..

News > Offshore > 2025-05-16 08:42:16

Global offshore orders plunge

The offshore oil and gas sector saw a significant slowdown in new vessel orders during the first quarter of 2025, with global offshore marine equipment orders dropping sharply to 51 units, valued at $4.1 billion — a 43 percent dec..

News > Offshore > 2025-05-15 19:26:26

Hanwha Ocean focuses on FPSO orders

Hanwha Ocean is seeking opportunities in the overseas battles to win floating production and storage facilities (FPSOs). The South Korean shipbuilding giant has recently noted through its IR material that investment in FPSO facilitie..

News > Offshore > 2025-05-15 14:20:07