JS Alliance Successfully Completes Indian Liquid Cargo Berth
The JSI Alliance has successfully completed a major project in India for client Afcons Infrastructure Limited. Afcons was contracted to construct a new liquid cargo berth for Gujarat Chemical Port Ltd. (GCPL). The JSI Alliance was contracted for the execution of critical heavy lifting operations for the development.The project scope was complex, requiring heavy-lift capabilities for the installation of eight jackets and fifteen berthing dolphins weighing between 500 and 600 t…
ABS Helps Blaze a Digitization Path, Reshaping Offshore Energy
The offshore energy industry is in the midst of a new investment cycle, driven by major developments in South America, renewed demand for energy security and an increasing reliance on digital technologies to improve asset performance. For Matt Tremblay, Senior Vice President, Global Offshore at the American Bureau of Shipping (ABS), the opportunities are significant — but so are the challenges.Speaking with Offshore Engineer in Houston…
Eldorado-Vantage Merger Signals Continued Offshore Drilling Consolidation
On 29 May 2026, Vantage Drilling International and Eldorado Drilling signed a merger agreement under which Eldorado will acquire Vantage, making it a wholly owned subsidiary. As part of the transaction, Vantage shareholders will receive $19 per share in cash, valuing the company at approximately $257.6 million. The combined entity will continue to operate under the name Vantage Drilling International.Post-transaction…
US Natural Gas Prices Fall With Ample Supply Maintaining Pressure on Market
U.S. natural gas futures fell for a second straight session on Monday, as ample supplies kept pressure on the market despite forecasts for hotter weather in the coming weeks. On its first day as the front-month, gas futures for August delivery on the New York Mercantile Exchange fell 8.2 cents, or 2.5%, to $3.20 per million British thermal units. The contract is down 2.7% so far this month. "The market…
Oil Prices Rise After US, Iran Attacks and Amidst Hopes of Hormuz Shipping Recovery
Oil prices gained more than 1% on Monday after attacks by the U.S. and Iran underscored the fragility of their interim peace deal, while cautious hopes of a continued recovery in energy shipping through the Strait of Hormuz limited gains.Iranian and U.S. technical teams working on the implementation of an interim peace deal are expected to meet in Doha in the coming days, a source told Reuters on Monday…
New Russian‑Flagged LNG Tanker Begins Operations For US Project
A newly Russian-flagged LNG tanker - Arctic Express - has picked up a cargo of liquefied natural gas from a floating storage facility used to trans-ship gas from the Arctic LNG 2 project, which is under U.S. sanctions, LSEG data showed.Arctic LNG 2, initially planned to be one of Russia's largest LNG plants with an eventual output of 19.8 million metric tons per year, continues operations despite U.S.
Duke Energy to Terminate NC Offshore Wind Lease
Duke Energy will terminate its offshore wind lease in the Carolina Long Bay area under a settlement agreement with the U.S. Interior Department and reinvest nearly $129 million in additional power generation capacity in the Carolinas, the department said on Monday.(Reuters)
Rocket Lab to Acquire Global Satellite Service Iridium
Rocket Lab Corporation, a global leader in launch and space systems and Iridium Communications Inc., a provider of global voice, data, and positioning, navigation, and timing (PNT) satellite services, announced they have entered into a definitive agreement under which Rocket Lab will acquire Iridium. Rocket Lab will acquire all the outstanding shares of Iridium common stock for $54 per share in a cash and stock transaction.
AD Ports Group, Emirates Global Aluminium Invest $22m in Khalifa Port Infrastructure Development
AD Ports Group, a global enabler of integrated trade, industry and logistics solutions, and Emirates Global Aluminium (EGA), the largest premium aluminium producer in the world, have signed an agreement to enhance EGA’s dedicated berth at Khalifa Port.As part of their longstanding strategic partnership, AD Ports Group and EGA will jointly invest USD$22.87 million (AED 84 million) in a multi-phase berth…
DOF Extends Charter for MPSV in Australia for One More Year
Norwegian offshore vessel owner DOF has secured a one-year contract extension for its multi-purpose supply vessel (MPSV) Skandi Darwin in Australia.The company said the vessel's current client exercised an extension option that will keep the 2012-built vessel working in Australia until the third quarter of 2027.DOF did not disclose the name of the client or financial terms of the extension.Skandi Darwin is of the MT 6015 MPSV design and is equipped with a multi-application cargo system…
TGS Gets Exclusive Rights for Seismic Survey Offshore Brunei
TGS has secured exclusive rights from the Petroleum Authority of Brunei Darussalam to undertake a multi-client 3D seismic survey offshore Brunei.The contract covers the acquisition, processing and marketing of new 3D seismic data under a multi-client model.TGS said the project would allow it to seek industry prefunding to deliver new seismic data aimed at improving understanding of reservoir potential…
Dutch Firm Secures $465M Funding for Mexico-Bound FSO
SBM Offshore has secured project financing worth $465 million for the Chalchi floating storage and offloading (FSO) vessel, being built for Woodside Energy's Trion project offshore Mexico.The financing has been provided by a consortium of international banks and institutional investors and includes partial insurance cover from China Export & Credit Insurance Corporation.SBM Offshore said the financing…
Vard Delivers Hybrid Cable Layer to Toyo Construction
Norwegian shipbuilder Vard has delivered a hybrid construction and cable laying vessel (CLV) to Japan's Toyo Construction, marking its first vessel delivery to the Japanese offshore wind market.The vessel was handed over at Vard Langsten in Norway on June 26. It is also the first vessel Toyo Construction has ordered from Vard.The CLV was outfitted, commissioned and delivered on time from Vard Langsten…
Facing China's Coast Guard, one Taiwan Officer Draws Strength from the Gods
When Yeh Chih-sheng steps aboard Taiwan Coast Guard vessel CG1005 in the choppy waters of the Taiwan Strait, he brings more than his uniform and orders: he also has temple charms blessed by the gods revered by fishermen for protection at sea.Yeh is first mate of the 2,400-ton ship based in Taiwan's Penghu islands, and part of Taipei's maritime frontline as China asserts its claim of sovereignty over the democratically governed island.Off duty…
Despite Vessel Attacks, Oil, LNG Loadings Proceeds in Middle East
Middle East producers are pushing ahead with loading oil and liquefied natural gas despite fresh ship attacks in the Strait of Hormuz and renewed strikes between the U.S. and Iran in recent days, shipping data showed.Energy shipping in the strait slowed after attacks on a container ship on Thursday and an oil tanker on Saturday sparked fresh tit-for-tat strikes, straining Washington and Iran's interim peace deal.But on Sunday, a U.S.
COSCO inks MOU for Coatings for 125 Bulk Carriers
Jotun COSCO Marine Coatings signs agreement covering 125 newbuilding vessels with COSCO SHIPPINGJotun COSCO Marine Coatings (JCMC) participated in the Global Partners Conference held by COSCO SHIPPING (Hong Kong) Co., Ltd. and COSCO Shipping (Hainan) Co., Ltd. in Boao, Hainan on June 26, bringing together industry partners to exchange insights on sustainable shipping and hull performance.
Norwegian Oil Service Lockout Hits Offshore Drilling Activity
Around 1,000 Norwegian oil service workers were locked out on Saturday morning in an escalation of a labour dispute that is expected to disrupt drilling and some production on the Norwegian continental shelf.The lockout was declared in response to an ongoing strike by several hundred members of the Safe union and will affect companies including SLB, Halliburton, Subsea 7, DOF Subsea, Weatherford, DeepOcean and Baker Hughes…
Hormuz Reopening Risks Turning Oil Shortage Into Glut
Crude prices may be back near levels seen before the Iran war, but the surge in oil exports from the Middle East following the reopening of the Strait of Hormuz is creating a chaotic market that could take months to settle.The steep slide in Brent crude LCOc1 back to pre-war levels of around $73 a barrel following the U.S.-Iran interim deal might, at first glance, suggest business as usual has returned to the world’s most important oil and gas hub.
Oil Holds Steady After US, Iran Agree to Cease Attacks
Oil prices steadied on Monday as Iran and the United States agreed to halt recent hostilities in the Gulf and Middle East producers pushed ahead with loading oil and liquefied natural gas despite fresh ship attacks.The two countries also agreed to renew talks over the Strait of Hormuz, raising hopes of saving an interim peace deal that had been threatened by days of tit-for-tat strikes.Brent crude futures LCOc1 were up 4 cents at $72.03 a barrel by 0803 GMT. U.S.
