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Drydocks World Cuts First Steel For Dutch Wind Farm Substation

Image Credit: Drydocks World

Dubai's Drydocks World shipyard has cut first steel for the HVAC Transformer Station Topside, named Hollandse Kust Zuid (HKZ) Beta.This is the third such unit that Drydocks World will be constructing for Petrofac and end-client TenneT, and the second project for the HKZ offshore wind farm, as it is also building the Beta HVAC substation.

China, India Soak Up Oil from Floating Storage as Demand Picks Up

Illustration by namning / AdobeStock

The volume of crude stored on ships in Asia has come off the peaks seen earlier this month on a recovery in demand in China and India, trade sources and analysts said. A total of 3.4 million tonnes (24.8 million barrels) of crude oil was discharged from floating storage into Asian markets in the past seven days, with China the top destination at 1.

Subsea 7 to Cut 3000 Jobs, Reduce Vessel Fleet

Image Credit: Subsea 7

Offshore installation and construction specialist Subsea 7 will cut 3000 jobs by 2021, and reduce its active vessel fleet, it said in a statement on Thursday.Subsea 7 a month ago said that with the deterioration in the outlook for new oil and gas awards, it would "resize" the business to save $400 million

First Topside Module Lifted on Coral South FLNG Hull

The Coral South FLNG hull was launched in January - Credit: Eni

Eni-operated Coral South FLNG project is making progress with the first topside module installed aboard the hull of the under-construction FLNG unit destined to develop offshore gas fields in Area 4 of the Rovuma Basin, Mozambique.Coral FLNG SA, an Eni-led JV developing the project, said Wednesday that

Atlantic Wind Transfers' CTV for Dominion's U.S. Offshore Wind Farm

Image Credit: Atlantic Wind Services

Quonset Point, Rhode Island-based Atlantic Wind Transfers has secured its second long-term O&M Crew Transfer Vessel contract in the U.S.Under the contract Atlantic Wind Transfers will provide offshore marine support services for the Siemens Gamesa offshore wind turbines to be installed for the first offshore wind project in U.

AET Takes Delivery of Petrobras-bound Shuttle Tanker

Image Credit: AET

Tanker operator AET has taken delivery of Eagle Petrolina shuttle tanker which will be used to offload oil from Petrobras' offshore oil platforms in Brazil.The Eagle Petrolina, built by South Korea's Samsung Heavy Industries, is the first of four Suezmax Dynamic Positioning (DP2) Shuttle Tankers purposed built for long-term charter to Petrobras.

OGA: UK North Sea Gas Less Carbon Intensive than Imported LNG

An LNG Tanker - Image by Igor Groshev / AdobeStock

Gas produced from the offshore platforms in the UK North Sea is less carbon-intensive than LNG imported in the UK, the UK oil and gas regulator OGA said Tuesday.According to the OGA analysis, the production of natural gas from the UK Continental Shelf (UKCS) creates less than half as much greenhouse gas as imported Liquefied Natural Gas (LNG).

BIMCO Tanker Rate Analysis: Reality Kicks In, Rates Fall

Source: BIMCO, Clarksons

Tanker shipping: sky high freight rates replaced by reality of falling global oil demandGeopolitical tensions have now eased, leaving freight rates to feel the full effects of the weak underlying market and falling demand. Tanker shipping looks set to be under pressure for the rest of the year.Demand

Prysmian Targets Half of Sales from Low-Carbon Products by 2022

Cable Enterprise cable laying vessel. Image credit: Prysmian

Prysmian, the world's largest cable maker, pledged on Friday to raise the share of revenues from low carbon products to 50% by 2022 as part of plans to cut its carbon footprint.The Italian company, which supplies cables for industries ranging from high voltage power transmission to offshore wind-farms,

Fugro Gets $17.3M from Huawei Marine Networks Deal

For illustration only - Image Credit: Fugro

Dutch offshore services provider Fugro has said it has received $17.3 million from the sale by Global Marine Group of a 30% stake in Huawei Marine Networks (HMN) to Hengtong Optic-Electric Co Ltd.  The proceeds are in addition to EUR 34.0 million which Fugro received in the first quarter of 2020 from the divestment of its 23.

Esvagt CEO: No Job Cuts and Furloughs

(File Photo: Esvagt)

At these difficult times when companies involved in the offshore industry are cutting jobs across the board as one of the ways to preserve cash, there's one offshore vessel operator that, while indeed cutting salaries, is keeping the jobs in place.Esvagt, the Danish provider of emergency response and

South Korea's DSME Wins $330M FSRU Order

Photo of a previous FSRU project by DSME - Image by V. Tonic - MarineTraffic

South Korean shipbuilder Daewoo Shipbuilding Marine and Engineering (DSME) has received an order for a large liquefied natural gas (LNG) floating storage regasification unit (FSRU).In a statement on the Korea Exchange, DSME said the contract was worth around 411 billion South Korean Won, or around $330 million.

Longitude Designs Cable Layer for Taiwan Wind Farm Ops

Image Credit: LOC

Longitude Engineering, an LOC Group company, has said it has provided concept and basic design services, as well as construction specification for yard engagement and procurement activities, for a new DP2 cable lay ship for Woen Jinn Harbor Engineering (Woen Jinn), in Taiwan. Prior to the design,

Siemens Gamesa Launches 14MW Offshore Wind Turbine

Image: Siemens Gamesa

Wind turbine maker Siemens Gamesa has unveiled a new SG 14-222 DD offshore Direct Drive wind turbine with 14-megawatt (MW) capacity.The capacity can reach up to 15 MW using the company’s Power Boost function, a 222-meter diameter rotor, 108-meter long blades, and a 39,000 m2 swept area.The 14

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