Solstad’s Normand Maximus CSV In Line for Two-Year Subsea Work
Solstad Offshore has signed a letter of intent with an international subsea contractor for the charter of construction support vessel (CSV) Normand Maximus.The contract is expected to begin in the first quarter of 2027 and run through the first quarter of 2029, with an option to extend it to the first quarter of 2030.Under the agreement, Normand Maximus will support worldwide operations for the client…
IEA: Middle East Conflict Reshaping Medium-Term Gas Outlook
The Iran war has already led to a loss of about 120 billion cubic metres of global liquefied natural gas supply over the 2026 to 2030 period, Gergely Molnar, an analyst from the International Energy Agency, said on Thursday.Speaking at the Budapest LNG Summit, Molnar said the conflict was reshaping the medium-term gas outlook, with tighter market conditions likely to persist longer than previously expected.He said the crisis had cut LNG supply by around 15%, but a strong increase in new liquefac
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