Offshore

Korea's offshore wind power vision accelerated

As the offshore wind power generation business is expected to grow significantly as an important axis of renewable energy, the South Korean shipbuilders are also competing to dominate the market. This business has many similarities t..

News > Offshore > 2025-04-01 15:33:10

Subsea7 awarded contract offshore Norway

Subsea 7 announced on March 31 that it was awarded a sizeable (between $50 million and $150 million) contract by Equinor as technical service provider (TSP) for the Northern Lights Phase 2 project, offshore Norway. Subsea7’s sc..

News > Offshore > 2025-04-01 09:02:35

549 offshore facilities on order

As of the end of February 2025, the total number of mobile facilities being deployed in offshore oil and gas development/production/support projects stands at 13,169, and the shipbuilding industry's order backlog included 549 units,..

News > Offshore > 2025-03-31 16:46:32

Canada govt invests in 'Cedar' project

Governmental fund is to be injected in 'Cedar' LNG in which Canadian energy provider Pembina Pipeline invests together with its compatriot Haisla Nation. This is also good news for South Korean shipbuilding heavyweight Samsung H..

News > Offshore > 2025-03-27 14:03:37

Cadeler takes delivery of new WTIV

Cadeler announced on March 26 that the company took delivery of its latest jack-up wind turbine installation vessel, Wind Pace, marking another significant milestone in the company’s ongoing fleet expansion. Delivered safely, o..

News > Offshore > 2025-03-27 09:16:04

Trump spurs new growth phase for FLNG market

As global LNG export infrastructure continues to expand, the Floating Liquefied Natural Gas (FLNG) market is poised to enter a significant growth phase. A report by LS Securities suggests that domestic shipbuilders, who hold a compet..

News > Offshore > 2025-03-26 18:59:04

Sea1 orders more OESV duo

Sea1 Offshore announced on March 25 that the company entered into shipbuilding contracts with Cosco Shipping for two additional high-end offshore energy support vessels (OESVs). The scheduled delivery for the vessels is from third qu..

News > Offshore > 2025-03-26 09:20:13

Japanese firms invest in Indian green ammonia project

IHI Corporation, Hokkaido Electric Power Co., Mitsubishi Gas Chemical Company, Inc., Mitsui O.S.K. Lines, Ltd., Inc., Mizuho Bank, Ltd., and Tokyo Century Corporation have signed a Memorandum of Understanding (MoU) to explore investment..

News > Offshore > 2025-03-26 09:10:41

Drydocks World scores FPSO gig

Drydocks World has recently been awarded the contract for the refurbishment and life extension of the FPSO BAOBAB IVOIRIEN, by MODEC Management Services Pte. Ltd., further strengthening its position as a global leader in complex offshor..

News > Offshore > 2025-03-25 09:24:40

Wison bags FEED deal for biogas-to-methanol project

On March 19, 2025, the FEED contract signing ceremony for the ITC-WasteFuel Ankara Green Methanol Project in Turkey was held at the Shanghai headquarters of Wison Engineering. Mr. David Trench, CEO of WasteFuel; Mr. Johan Fritz, Glob..

News > Offshore > 2025-03-24 09:20:09