Activity News

Exmar has received Approval in Principle (AiP) from Bureau Veritas Marine & Offshore for a concept to convert an existing membrane-type LNG carrier into a floating liquefied natural gas (FLNG) unit for offshore gas developments.The FLNG concept would use a membrane-type LNG carrier with an effective LNG storage capacity of about 170,000 cubic meters and a design life of 25 years.Designed for operation in mild environments, the converted vessel would provide offshore gas processing…

INEOS Energy has started commercial operations at the Greensand project in the Danish North Sea, opening what it describes as the European Union's first full-scale carbon dioxide storage site, with initial capacity of up to 400,000 tonnes per year.Denmark's King Frederik X officially opened the facility on September 18 at the Port of Esbjerg. The project is led by INEOS Energy alongside Harbour Energy and the Danish North Sea Fund, or Nordsøfonden.Greensand is designed to scale up to between 4 million and 8 million tonnes of CO2 storage annually as demand grows.In the first commercial phase…

Oil prices fell 2% on Friday, extending losses for a third straight session as easing concerns over Saudi supply disruptions outweighed anxiety about a widening of conflict across the Middle East.Brent crude futures LCOc1 fell by $2.14, or 2%, to $102.68 a barrel by 0806 GMT. U.S. West Texas Intermediate CLc1 futures fell $1.83, or 1.8%, to $100.08.Benchmark Brent prices are on track for their first weekly loss in three.Immediate concerns over supply tightness have been eased by a combination of Saudi Arabia loading more crude via Oman…

Argentina's government has presented a bill to crack down on companies operating in the Falkland Islands, potentially escalating tensions with the United Kingdom over the territory that is controlled by Britain but claimed by Argentina.The proposal introduced on Thursday toughens sanctions on companies and people who unlawfully participate in activities in the Falklands and in Argentina's maritime spaces and continental shelf in "any type of activity aimed at the utilization of…

GLO Marine is targeting revenues of more than USD$57.47 million (€50 million) by 2030 as it prepares to establish a permanent operation in the Middle East and bring its new USD$6.9 million (€6 million) Technology Centre in Romania into commercial operation.The two investments sit at the center of a wider growth plan that will see the company expand from its established marine and offshore engineering base into larger integrated project scopes, technology integration and a broader…

Oil prices settled $3 higher on Tuesday after shipping industry sources said crude loadings at Saudi Arabia's Red Sea export hub of Yanbu had been suspended and Riyadh had canceled some cargo deliveries to European customers, deepening concerns that disruptions to a critical oil-export route could persist for weeks.Gains in U.S. West Texas Intermediate crude futures CLc1 outpaced Brent on Tuesday, as fears that Saudi Arabia's supply troubles were widening sent investors rushing into U.S.

KERSHIP, a joint venture between PIRIOU and Naval Group, launched the PETAR NJEGOS I, the first of two OPV 60M offshore patrol vessels ordered by Montenegro, at its Lanester shipyard on Friday, September 11, 2026.The ceremony, marking a milestone in the program, was attended by numerous Montenegrin and French dignitaries, including Mr. Aleksa Becic, Deputy Prime Minister, Mr. Dragan Krapovié, Minister of Defence of Montenegro, Ms Dubravka Lalovic, Ambassador of Montenegro in France…

XRG, ADNOC and SEFE have signed a memorandum of understanding to explore wider cooperation across the natural gas and LNG value chain, including supply, infrastructure and shipping opportunities aimed at Germany and the wider European market.The agreement covers potential cooperation in four areas: security of supply, market development and growth, supply chain resilience, and portfolio and shipping optimization.The companies will explore combining ADNOC's UAE-based supply and XRG's international supply sources with SEFE's market presence…

Saudi Arabia has shut down its East-West pipeline, after the vital oil conduit came under aerial attack in the widening Middle East war, threatening to send energy prices even higher.The world’s largest crude oil exporter said it temporarily closed the pipeline as a precaution after a drone attack that both Baghdad and Riyadh said had originated in Iraq, where Iranian-backed militias operate. Iraq dismissed a military commander on Saturday in response to the attack.The 1,200-km…

Spanish shipyard GONDAN Shipbuilders has launched a 120-metre Ocean Energy Support Vessel (OESV) for Østensjø Rederi, the largest vessel built by the shipyard to date.The C513 OESV was launched at GONDAN's Figueras facility and will now undergo final outfitting and sea trials ahead of scheduled delivery in late 2027.Designed by Salt Ship Design, the vessel has a beam of 23 meters and is intended for operations including walk-to-work personnel transfers, commissioning service operation vessel (CSOV) support for offshore wind…

Boskalis’ recently commissioned Windpiper subsea rock installation vessel has started its maiden project at the Bałtyk 2 and Bałtyk 3 offshore wind farms in the Baltic Sea, placing its first rocks to protect the projects’ export cables.The 227-meter-long vessel loaded nearly 45,000 tons of rock in Norway following its christening in July before sailing for the installation campaign.Boskalis said the load represents a record cargo, with no single subsea rock installation vessel…

Golden Energy Offshore Services (GEOS) said Peterson has exercised a further well option for the platform supply vessel (PSV) Energy Paradise, extending its firm employment into early 2027.The option has an anticipated duration of about 100 days and an estimated contract value of $3.4 million.Energy Paradise is currently working under an existing well program expected to finish around mid-October 2026. The new option will start immediately afterwards, securing firm employment…

Oil prices hit multi-week highs on Tuesday after Iran-backed Houthis attacked Saudi energy facilities and Tehran threatened the United States with "economic warfare".Brent crude futures LCOc1 were up $2.00, or 2.06%, at $99.00 a barrel by 0800 GMT. U.S. West Texas Intermediate crude CLc1 was at $94.41 a barrel, up $2.93, or 3.2%.Brent earlier rose to as much as $99.22 a barrel, its highest since July 24, while WTI reached $94.60 a barrel, its highest since June 8."The price action…

Windward Offshore has taken delivery of the Windward Hamburg, completing its four-vessel series of purpose-built commissioning service operation vessels (CSOVs) ordered from shipbuilder Vard.The delivery brings the Windward Hamburg into the fleet alongside sister vessels Windward Athens, Windward Paris and Windward Munich, providing capacity to support offshore wind projects during construction, commissioning and long-term operations.Based on VARD's 4 19 design, the Windward Hamburg is 87.5 meters long and 19.5 meters wide and can accommodate up to 120 people.

China's Ministry of Natural Resources conducted a survey of waters east of Taiwan last month that it said would help it create "one map" for territorial planning and resource management, state broadcaster CCTV said on Thursday.China has been stepping up its activities to the east of Taiwan in the Pacific Ocean to assert its claims of sovereignty and jurisdiction over the island and its waters, to the anger of the government in Taipei.Taiwan's coast guard said on August 21 that it had warned off and shadowed a Chinese research ship sailing in sensitive waters near the island…

Nigeria could double investment into its energy sector within five years after joining the International Energy Agency, its chief Fatih Birol said on Thursday, as nations seek partners they can "trust" after supply disruptions from the wars in Iran and Ukraine.Speaking during a visit to Abuja, Birol told Reuters that Nigeria's admission as an associate member of the Paris-based energy watchdog would help attract investment, deepen technical cooperation and give Africa's largest oil producer a stronger voice in global energy policy discussions."My goal is…

Kongsberg Maritime has secured a contract from COSCO Shipping (Qidong) Offshore Co., Ltd. to supply an integrated technology package for two new Wind Turbine Installation Vessels (WTIVs) being built for offshore wind installation company Cadeler.The agreement follows a series of previous vessel projects delivered to Cadeler through COSCO Shipping Offshore and further extends the collaboration between the companies. The two new T-class vessels were announced by Cadeler in August 2026 and are scheduled for delivery in 2030 and 2031.

Finnish ship design house Deltamarin has joined forces with Barcelona-based engineering and vessel design office Offshoretronic in an Exclusive Engineering Consultant Agreement to develop what will be the world's largest jackup Monopile Installation Vessel (MPIV), named the VITRUVIAN Class, through to shipyard-ready status.The concept is a direct response to a capability gap in the offshore wind sector. Next-generation 20-30 MW turbines, expected in commercial service by 2030…

U.S. oil company North American Blue Energy Partners will take over some oilfields previously controlled by several Chinese companies and a Russian firm, two U.S. officials told Reuters on Monday.The takeover will be part of a sweeping oil production agreement that President Donald Trump announced with Venezuela, they said.The projects were among 14 contracts newly granted to U.S.-backed North American Blue Energy Partners, according to the officials. NABEP was previously owned by U.S.

C-Innovation (C-I), a provider of subsea services and an affiliate of Edison Chouest Offshore, announced the promotion of Lucas Cribley to Chief Executive Officer.In his new role, Cribley will lead C-I’s overall strategy and operations as the company expands its capabilities and strengthens its position in the global subsea services market.Cribley brings over 25 years of experience in offshore operations, project execution, and business development. “I am honored to have the opportunity to lead C-Innovation as CEO,” said Cribley.

The Iran war's redrawing of the global trade map is forcing Gulf nations to retool their investment play book, ploughing capital into infrastructure, from energy pipelines to ports, to weather the fallout from the conflict.The war has highlighted the Gulf's overreliance on the Strait of Hormuz, previously a chokepoint for 20% of global oil flows but also subject for decades to Iranian threats of disruption.With the strait virtually blocked for much of the past six months, a burst…

Iran is preparing a list of conditions for reopening the Strait of Hormuz after mediators asked Tehran to set them out, said Mohsen Rezaei, secretary of Iran's Supreme National Security Council, adding that ending the regional war was among them.Rezaei said Iran had agreed with Oman on a shipping corridor through the strait, with parts of the route in Omani waters and parts in Iranian waters. Ships would use a designated central channel if the U.S. met Iran's conditions, he said through an interpreter in an Al Manar TV interview.On Wednesday…

Sempra Energy's unit Port Arthur LNG has started the federal permitting process for a major expansion of its liquefied natural gas export operations in Southeast Texas, according to a regulatory filing made on Wednesday.The proposed Port Arthur LNG North Project would add four liquefaction trains capable of producing up to 27 million metric tons per annum (mtpa) of LNG, significantly expanding the company's export footprint on the U.S. Gulf Coast, the filing showed.According to the filing, each train would be capable of producing up to 6.73 mtpa of LNG under optimal conditions.