Activity News

Oil prices fell more than 2% on Friday, extending losses from the previous session after U.S. President Donald Trump cancelled plans to strike Iran, reducing fears of an escalation of hostilities following tit-for-tat attacks earlier in the week.Brent futures LCOc1were down $2.11 or 2.3% at $88.27 a barrel by 0640 GMT, while U.S. West Texas Intermediate (WTI) CLc1 crude dropped $1.90, or 2.2%, to $85.81.Trump called off planned strikes on Thursday, saying discussions with Iran…

The French energy ministry announced that it will open on Friday the long-awaited tenders for 10 gigawatts worth of offshore wind project, mainly located on France's westcoast.Some companies have scrapped their offshore wind development plans due to rising costs in some countries and political opposition, including that of the Trump administration.The new projects will significantly increase France's capacity for offshore wind, which it aims to grow from under 2GW to 15GW in 2035.

Siemens Energy on Thursday warned of possible wind turbine capacity cuts in Europe if governments fall behind in efforts to expand offshore power, saying a lack of determination could become an "existential threat" to the industry.The comments by one of Europe's biggest industrial firms reflect growing concerns about the future of the continent's manufacturing capabilities, which have come under intense pressure from high energy costs and Asian competitors.Europe is currently facing delays in its offshore expansion, hampered by regulatory challenges that have caused some developers to rethink

Three more liquefied natural gas tankers have exited the Strait of Hormuz with their transponders off and are bound for destinations in Asia, although the exact timing of their transit is unclear, ship-tracking data from LSEG and Kpler showed.This comes as the United States and Iran traded air attacks for a second straight day on Thursday, with U.S. President Donald Trump vowing further strikes unless Tehran agrees to a peace deal and Washington saying it fired on a vessel carrying…

The United States has become the world's largest oil exporter, upending a decades-old order long dominated by Saudi Arabia and Russia, a shift that tightens American companies' grip on energy markets as Washington's war with Iran reshapes global energy trade.America's ascendancy to the top spot marks a stunning reversal for a country that was dependent on Middle Eastern oil for decades and suffered from an oil embargo imposed by some OPEC members in 1973 to retaliate against U.S. support for Israel.U.S.

Saudi Arabia and neighbouring Gulf producers will cheer the eventual reopening of the Strait of Hormuz, but the ensuing flood of oil risks eroding OPEC’s already fragile grip on the market.The Iran war and the closure of the vital waterway – through which nearly a fifth of the world’s oil and gas flowed before the conflict – have sharply diminished output from the Organization of the Petroleum Exporting Countries and moved the industry’s centre of gravity away from the Middle…

Caspian Offshore Construction (COC) has acquired an anchor handling tug supply (AHTS) vessel from Sinopacific Engineering & Contracting (SPEC), marking the first vessel in the SPA90 series to join the Kazakh offshore marine service provider's fleet.The shipbuilding contract was signed on April 30, 2026, at Siying Shipyard, where the vessel is under construction. A launching ceremony for the vessel was held on May 20.Named Caspian Yili, the vessel is the first of its kind in COC's fleet and will be the company's largest vessel to date.

Mitsui O.S.K. Lines (MOL) and Japan Airlines (JAL) have entered into an agreement with Lloyd's Register and U.S.-based REGENT Craft to jointly develop certification and operational approval processes for REGENT's fully electric Seaglider vessel, as the companies work toward commercial deployment in Japan.The initiative marks the first collaboration in Japan involving a classification society aimed at supporting the commercialization of Seaglider vessels.Seagliders are fully electric wing-in-ground effect craft that operate a few metres above the water surface using ground effect.

COSCO Shipping Specialized Carriers has completed the transport and float-over installation of an offshore converter platform for the Qingzhou V & VII offshore wind project, a key milestone in what the company described as the world's first 2 GW offshore high voltage direct current (HVDC) transmission system.The converter platform, weighing about 25,000 tonnes, is among the largest offshore structures installed for the offshore wind industry and was transported and installed using…

Oil prices were steady on Wednesday, as renewed U.S.-Iran hostilities muddied direction, though a forecast U.S. stock draw offered support.Brent futures LCOc1 were up 25 cents, or 0.27%, to $91.70 a barrel at 0736 GMT, while U.S. West Texas Intermediate crude CLc1 was up 23 cents, or 0.26%, to $88.43 a barrel.Prices traded higher earlier on renewed strikes between the U.S. and Iran, before retreating towards the previous session's close.Global stock draws are underpinning prices…

Compute Maritime, the deep tech company behind NeuralShipper, the world's first Al platform for ship design, has revealed the results of its UK Government-funded project, GenDSOM, to bring generative Al and additive manufacturing into ship design.Working with consortium partners Siemens Digital Industries Software, Rapid Fusion, HP, BYD Naval Architects and the University of Southampton, the project has produced a next-generation crew transfer vessel (CTV) for the offshore wind sector that…

Crane specialist Liebherr will supply six RL 2600 offshore cranes for TenneT's 2 GW offshore wind transmission projects in the Netherlands under a contract with Singapore-based engineering, procurement and construction contractor Seatrium.The cranes will be installed on the IJmuiden Ver Beta, IJmuiden Ver Gamma and Nederwiek Beta offshore converter platforms, with two cranes allocated to each platform. Deliveries will be phased to ensure all units are in place ahead of the planned…

Hydrogen of Dutch Origin (H2DO) and its partners have launched a feasibility and concept study for a 30-50 MW offshore green hydrogen project in the Dutch North Sea, aimed at demonstrating how offshore hydrogen production could support the expansion of offshore wind capacity while reducing pressure on onshore infrastructure.The study, funded under the Dutch Topsector Energie (TSE) program, will evaluate the development of an offshore hydrogen production facility connected to shore by pipeline.The project seeks to convert electricity generated by offshore wind farms into green hydrogen at sea…

Oil prices fell on Tuesday, erasing most of the previous session's gains, after Iran and Israel said they had halted attacks on each other following an appeal from U.S. President Donald Trump, though both sides warned they could resume hostilities.Brent crude futures LCOc1 were down $1.33, or 1.4%, at $92.92 a barrel at 0741 GMT, while U.S. West Texas Intermediate CLc1 declined $1.73, or 1.9%, to $89.57 a barrel.The market has been here before, said PVM Oil Associates analyst Tamas Varga…

Acta Marine has taken delivery of the Acta Gemini, a new walk-to-work DP2 construction service operation vessel (CSOV) that is set to begin a long-term charter supporting operations at the Sofia offshore wind farm in the UK.The vessel, built by Tersan Shipyard in Turkey, is the third in a series of four newbuild CSOVs ordered by the Dutch offshore vessel operator.Following mobilization, Acta Gemini will start work at the 1.4 GW Sofia offshore wind farm on Dogger Bank, operating…

Danish logistics specialist deugro has appointed Daniel Kjær as Vice President, Global Wind Renewable Energy, effective June 1, 2026.Based in Aarhus, Denmark, Kjær will be responsible for further developing and executing deugro’s global offshore wind strategy.In the newly announced role, Kjær will oversee global offshore wind business development while helping strengthen and expand the company’s wind chartering solutions and broader service offering. The position is intended to…

Hong Kong-listed provider of offshore, marine and clean energy technologies CM Energy has unveiled the design of its Meridian Class commissioning and service operation vessel (CSOV).The Meridian Class has been developed to meet growing demand for offshore support vessels, and is suitable for commissioning, operations, maintenance and major component exchange campaigns in the offshore wind sector.Designed to North Sea standards, the vessel platform aims to provide offshore wind developers…

Norway-based TMC Compressors has secured a contract from Yantai CIMC Raffles Offshore to supply marine compressed air systems for two subsea rock installation vessels being built for Dutch marine contractor Van Oord.Under the contract, TMC will provide a complete marine compressed air system for each vessel, including instrument air compressors and air dryers. Financial details of the contract were not disclosed.The vessels are being built to support subsea rock installation operations…

The OranjeWind offshore wind project, a joint venture between RWE and TotalEnergies, has signed a five-year charter agreement with Purus for the construction and service operation vessel (CSOV) Purus Power.The vessel will support planned and unplanned maintenance activities at the OranjeWind offshore wind farm under a contract that includes an option for extension.Purus Power has been purpose-built for offshore wind operations and is designed for extended stays at sea. The vessel features accommodation…

Oil prices jumped more than $4 on Monday, with investors spooked by fresh Israeli strikes on Iran as well as renewed attacks on Lebanon a day earlier.Brent crude futures LCOc1 rose $4.42 or 4.47% to $97.15 a barrel as of 0609 GMT, while U.S. crude futures were up $4.07 or 4.50% at $94.61 per barrel.Israel said on Monday it hit a petrochemical plant in Iran's southwest, along with strikes elsewhere on military targets. That's despite U.S. President Donald Trump reportedly telling…

Sempra Infrastructure has started liquefied natural gas (LNG) production at the ECA LNG Phase 1 project in Ensenada, Mexico, being developed as a joint venture with TotalEnergies.The production of LNG was achieved as part of the commissioning process ahead of commercial operations.The milestone marks the start of LNG production at the export facility and moves the project closer to full operations, which are expected in the coming months.Located on Mexico's Pacific Coast, the ECA LNG facility is designed to supply U.S.

Oil prices edged down after Oman said operations at Mina al Fahal port were proceeding normally, following a Reuters report that oil loadings had been suspended after an explosion.Brent crude futures LCOc1 fell 24 cents, or 0.25%, to $94.79 a barrel by 0704 GMT after settling down 2.84% in the previous session.U.S. West Texas Intermediate crude CLc1 was at $92.48 a barrel, down 56 cents, or 0.6%, following a 3.1% loss on Thursday.Both contracts are set to post their first weekly gain in three weeks…

BOURBON announced the appointment of Olivier Blaringhem as Chief Executive Officer, effective September 14, 2026. He is succeeding Gaël Bodénès, who has held this position since 2017.Olivier Blaringhem has more than 25 years of international experience in maritime services, engineering, and major offshore projects. He has spent most of his career at Subsea7, where he held several executive positions in Northern Europe, Africa, Asia, and the Middle East. Since January 2020, he has served as Executive Vice President of Subsea and Conventional at Subsea7.