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Global Offshore Wind Prospects to Rebound in 2025
The global offshore wind industry is poised for a rebound in 2025, with capacity additions expected to reach 19GW and sector-wide expenditure projected to hit $80 billion, according to research from Rystad Energy.This recovery follows a slowdown at the end of last year, when new installations dropped to approximately 8GW, which is 2GW lower than the year prior.A record wave of lease auctions is driving the resurgenceâŠ
Guyana Says Venezuelan Vessel Entered Contested Waters
Guyanese President Irfaan Ali said on Saturday that a Venezuelan coast guard patrol entered Guyanese waters earlier in the day, approaching an output vessel in an offshore oil block managed by Exxon Mobil.The South American neighbors are involved in a long-running dispute about which country owns the 160,000-square-km (62,000-square-mile) Esequibo area, which is the subject of an ongoing case at the International Court of Justice (ICJ).The northwest portion of the blockâŠ
Petrobras Ups Ship Orders to 48 by 2026
Brazilian state-run oil firm Petrobras will commission four more support vessels by 2026, Chief Executive Magda Chambriard told Reuters, increasing the number of new ships aimed at supporting its operations to 48 by 2026.The reinforcement of Petrobras' fleet comes amid expectations of higher offshore oil output in the next few years as new production units come online at the Buzios field, where itâŠ
ST Engineering Hires Kongsberg to Equip New W2W Vessel
Kongsberg Maritime has secured a contract for the design and integrated equipment package for a new walk-to-work offshore service vessel (OSV), to be built by ST Engineering Marine in Singapore for an oil and gas company.The 97-metre vessel of Kongsberg Maritime UT 5520 design will accommodate 106 people and features a motion-compensated gangway to enable safe transfer of personnel between to and from offshore installations.The new design is a further development of Kongsberg Maritimeâs extensiv
Valmet Hooks Methanol Automation Order for Jan de Nulâs CLVs
Finland-based Valmet has booked an order for a marine methanol fuel automation control system for two cable-laying vessels (CLVs) being built for Jan de Nul in China.The vessels will be built in the China Merchants Heavy Industry (Jiangsu) shipyard for Jan De Nul, a company providing engineering solutions in maritime and offshore energy infrastructure and construction projects.The value of the order will not be disclosed.âValmet has experience in green fuel supply system control.
Beacon Offshoreâs Shenandoah FPS Reaches US Ahead of Deepwater Installation
The Shenandoah floating production system (FPS) has been transported to the Gulf of America ahead of wet tow and offshore installation at the Shenandoah deepwater field at Walker Ridge project site, developed by Texas-based exploration and production company Beacon Offshore Energy.On December 13, 2024 the Shenandoah FPS sailed away from HD Hyundai Heavy Industriesâ shipyard in Ulsan, South Korea, whereâŠ
Cadelerâs Newbuild Offshore Wind Vessel Secures Work in US
Danish offshore wind installation firm Cadeler has signed a firm contract for the deployment of its newbuild offshore wind vessel, the Wind Pace, at an offshore wind farm located in the United States.This will be the first time Cadelerâs second P-Class newbuild vessel, Wind Pace, will be deployed following its anticipated delivery later in 2025.The work is scheduled to start in the second quarter ofâŠ
Tidewater's 2024 Net Income Jumps
Tidewater has announced that its net income for the 12 months ended December 31, 2024 was $180.7 million, compared to $97.2 million for the previous year.The companyâs revenue for the three and 12 months ended December 31, 2024 of $345.1 million and $1,345.8 million respectively, compared with $302.7 million and $1,010.0 million, respectively, for the previous year.Quintin Kneen, Tidewaterâs President and Chief Executive Officer, said: â2024 proved to be a successful year by all measures.
Jan De Nul to Install XXL Monopiles at 1.1GW Scottish Offshore Wind Farm
Belgian offshore installation contractor Jan De Nul has secured a contract for the installation of monopiles for 72 offshore wind turbines that will make up the 1.1 GW Inch Cape offshore wind farm in Scotland.Inch Cape offshore wind farm, being developed by ESB and Red Rock Renewables as equal joint owners, recently reached financial close and is now progressing into construction.In that regard, JanâŠ
Marine Masters Secures Wellhead Platforms Installation Job Off India
Dutch offshore contractor Marine Masters has secured work on an offshore installation project for the greenfield Bhasker A & B platforms, designed and constructed by Indian energy company SunPetro.The project, managed by main installation contractor ACE Pipeline and directly overseen by Consolidated Support Services PTE LTD (CSS), involves the development of two wellhead platforms featuring jacketsâŠ
MODEC and Samsung Team Up to Install Carbon Capture Tech on FPSO
MODEC has entered into a Front End Engineering and Design (FEED) contract with Samsung E&A for the installation of carbon capture technology on a floating, production, storage and offloading (FPSO) vessel.The offshore carbon capture project envisages the installation of a carbon capture module on a MODEC FPSO vessel as a pilot, and it will be a first-of-a-kind deployment of Carbon Cleanâs CycloneCCâŠ
GEOS Scoops $21M in Vessel Contracts with âTier 1 International Majorsâ
Norwegian vessel owner and operator Golden Energy Offshore Services (GEOS) has signed new vessel contracts and extended the previous ones, securing $21 million, as well as additional $21.7 million for the option period.GEOS concluded a firm contract for the Energy Duchess Multi-Purpose Support Vessel (MPSV) which will run until September 1, 2025, with one six-month option.Also, the company secured a contract extension for the Energy Passion Platform Supply Vessel (PSV) until March 1âŠ
Is Nuclear Power Maritimeâs Best Hope to hit âNet Zeroâ?
In the ever-evolving quest for cleaner, more efficient energy sources in maritime vessel operations, nuclear power has re-emerged as a topic of serious discussion, as shipowners eye the International Maritime Organization push to ânet zeroâ on or around 2050. Admittedly, there is no âsilver bulletâ solution for the entirety of maritime premised on the wide variety of routes and ship types, but nuclear holds promise in several large-ship, oceangoing sectors.
Louis Dreyfus Armateurs Starts Talks for Majority Stake Sale to Private Equity Firm
Louis Dreyfus Armateurs (LDA) and InfraVia, a private equity company in Europe, have entered into exclusive negotiations for InfraVia to acquire a majority stake in LDA, a group specializing in high value-added industrial marine services.LDA currently specializes in three growing segments, transportation and logistics of industrial equipment, mainly through dedicated Ro-Ro vessels, maintenance of offshore wind farmsâŠ
First Steel Cut for North Starâs Hybrid-Electric SOV for EnBW
North Star and its shipbuilding partner Cochin Shipyard have cut first steel on EnBWâs new hybrid-electric service operations vessel (SOV), which is on decade-long minimum charter to service the He Dreiht wind farm off the coast of Germany from the end of 2026.The steel cutting milestone was marked February 25, 2025 at Cochin Shipyard in India, where the planning, engineering design and constructionâŠ
Taiwan Detains Ship after Undersea Cable Disconnected
Taiwan's coast guard said it detained a China-linked cargo ship on Tuesday after a nearby undersea cable to the Penghu Islands in the sensitive Taiwan Strait was disconnected.Taiwan, which China claims as its own territory, has repeatedly complained about "grey zone" Chinese activities around the island, designed to pressure it without direct confrontation, such as balloon overflights and sand dredging.TaipeiâŠ
Global Seaborne Iron Ore Trade will be Rocked by Guinea's Simandou Mine
The term gamechanger is often over used enough to be rendered meaningless, but the huge Simandou mine in the West African country of Guinea is going to be just that as its start up is set to rock the seaborne iron ore market.The first cargoes from the project may arrive by the end of this year and it's expected that it will ramp up to its full capacity of 120 million metric tons per annum fairly quickly.The four blocks of Simandou are impressive in their scale and infrastructure challengesâŠ
NNPC, Stena Bulk and Caverton Launch new Shipping Venture
Nigeria's state oil firm NNPC announced a joint venture with Swedish tanker giant Stena Bulk and Nigerian offshore logistics leader Caverton Marine to overhaul maritime transportation in West Africa.The newly formed company will streamline crude oil, refined products and LNG shipping across West Africa and cater to other oil producers and traders in the region with modern vessels.The companies did not share financial details of the deal, which was signed last week."By combining our expertise wit
Green Marine UK Bolsters Subsea Services Unit with Major Investment
Orkney-based marine services firm Green Marine UK has announced a seven-figure capital investment in a new Subsea Services Department targeting the U.K.âs offshore wind sector.The company expansion, boosted by financial backing from HIE (Highlands and Islands Enterprise), includes the purchase of subsea technology from Rovtech (Seatronics), Sonardyne, Norbit, Voyis, Tritech, Digital Edge Subsea, EIVA and a range of other sensors.The Subsea Services DepartmentâŠ
Heinemann Solutions Expands with New Training Hall
Heinemann Solutions GmbH has officially opened its new site at Mukran Port in Sassnitz. In the modern training hall âIm Fährhafen 1â, practice-oriented safety training according to the standards of the Global Wind Organization (GWO) will be offered starting in March 2025. These include âWorking at Heightsâ (Basic & Refresher), âAdvanced Rescue Training,â âFire Awarenessâ (Basic & Refresher), âManual HandlingâŠ
Webinar: Offshore Wind: North American Opportunities and Challenges
Women Offshore & a Vibrant Maritime & Offshore Workforce
âThe Money Makerâ: MacGregor Gangway Solutions for Offshore Wind
A Maritime Life: Anu Peippo, Offshore Segment Director, Steerprop
Video: Jumbo Completes Offshore Wind Farm Project
The Hurting Offshore Energy Sector Faces a New Competitor
Engineering to Help Aquaculture Move Offshore
Gulf Marine Contractors is Bullish on the Future of U.S. Offshore Wind
BSEE Gears Up for Offshore Wind Oversight
LR Helps Offshore Operators Navigate Tough Technical Hurdles
