Industry News


Analysts: Trump Hardening Iran Policy Might Not Stem Flow to China

Nov 06, 2024

Former President Donald Trump's return to the White House could mean tougher enforcement of U.S. oil sanctions against Iran, potentially trimming global supplies, but his administration could struggle to get China, Iran's top crude customer…

Did You Know? TOP 5 Vulnerabilities Exploited by Ransomware Groups

Oct 23, 2024

Cyber Security in the maritime and offshore energy space has come front and center, with new Cyber Security rules expected soon from the U.S. Coast Guard.How will these new rules impact your bottom line? If you are in New Orleans on November 13…

New LNG Bunker Vessel for TotalEnergies LNG Bunkering Ops

Oct 11, 2024

TotalEnergies signed a charter contract with Spanish shipowner Ibaizabal for a new Liquefied Natural Gas (LNG) bunker vessel of 18,600m3 capacity.This additional vessel might be deployed in Oman, where the company is developing the Marsa LNG…

Tanker Vessels Flock to Guyana as Oil Exports Soar 58%

Oct 09, 2024

“Year-to-date, Guyana’s oil exports have jumped to 598 thousand barrels per day (kbpd), a 58% year-on-year increase, adding to the growth achieved in previous years. Over the past three years, the average annual growth rate has hit 76%,” says Niels Rasmussen…

Van Oord Concludes Construction of Wilhelmshaven FSRU Jetty in Germany

Sep 30, 2024

Van Oord has successfully completed the construction of the floating storage and regasification unit (FSRU) jetty at Wilhelmshaven in Germany for its client Deutsche Energy Terminal (DET).The project was managed by FSRU Wilhelmshaven, a joint venture between ENGIE and TES…

Sarens Lifts Up Maintenance Efforts for Hywind Scotland’s Floating Wind Turbines

Sep 25, 2024

Sarens, a heavy lifting, engineered transport and crane rental services firm, has been commissioned by the Norwegian Port of Wergeland for the replacement of the bearings in the five Hywind Scotland floating wind turbines.Sarens' scope of work…

RWE Gets Long-Term Lease to Set Up O&M Base for Polish Offshore Wind Farm

Sep 23, 2024

RWE and the Ustka Port Authority have signed a land lease agreement for the construction of an operations and maintenance base for the FEW Baltic II offshore wind farm in Poland.The base is one of the key elements in the realization and subsequent operation of the planned 350 MW offshore wind farm…

Global Marine Insurance Market Trending Upwards Since COVID

Sep 17, 2024

The International Union of Marine Insurance (IUMI) presented its analysis of the latest marine insurance market trends at its 150th annual conference in Berlin, Germany, on Monday.The global marine insurance premium base for 2023 was reported as $38…

Ireland and EIB to Jointly Assess Irish Offshore Wind Ports Development

Sep 13, 2024

The European Investment Bank (EIB) and the Irish Department of Transport have established an advisory cooperation to assess capacity, demand and financing strategies for the development of offshore renewable energy port infrastructure, which…

Mammoet Launches World’s Strongest Land-Based Crane for Energy Sector

Sep 02, 2024

Heavy lift and transport services firm Mammoet has launched the SK6000 land-based crane, said to be the world’s strongest, capable of handling large offshore wind components and delivering reduced integration times to offshore oil and gas projects…

Heat Drives Asian LNG Spot Price Spike

Aug 16, 2024

Asian spot liquefied natural gas (LNG) prices rose to their highest in over eight months, with warmer temperatures across the region boosting power demand for cooling purposes.The average LNG price for October delivery into north-east Asia LNG-AS was at $14…

Corio Teams Up with Brazilian Shipyard to Assess Its Offshore Wind Hub Potential

Aug 14, 2024

Offshore wind developer Corio Generation, a Macquarie Group company, and Brazilian shipyard and marine construction company Estaleiros do Brasil (EBR) have signed a memorandum of understanding (MoU) to explore how EBR’s facilities could support future offshore wind projects off Brazil’s south coast…

Mammoet Selected as Exclusive Heavy-Lift Supplier to UK’s Largest Freeport Teesworks

Jul 30, 2024

Heavy lift and transport services firm Mammoet has entered into agreement to become the exclusive contractor for the provision of heavy lift and transport services at Steel River Quay, which lies at the heart of the Teesworks industrial zone in Teesside…

Crown LNG Picks IKM for Engineering Design of Scottish Floating LNG Terminal

Jul 25, 2024

Crown LNG Holdings, a provider of LNG liquefaction and regasification terminal technologies for harsh weather locations, has selected IKM Engineering & Environmental Consultants (IKM) as its partner for the design and engineering of a floating LNG import terminal in the Firth of Forth…

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