Activity News

Nam Cheong Limited, one of Southeast Asia’s leading Offshore Support Vessel (OSV) providers based in Sarawak, Malaysia, has announced that the Group has entered into a sales agreement with an Indonesian customer to sell one 11-year-old 3,000 deadweight tonnage (DWT) platform support vessel (PSV) for $19.8 million.The vessel sale is part of the Group’s fleet reprofiling initiatives and is expected to contribute positively soto the Group’s earnings for the financial year ending 2026.

Norwegian vessel owner and operator Golden Energy Offshore Services has signed binding agreements to sell two offshore support vessels for a combined gross price of about $57.25 million, completing a previously announced plan to divest vessels in the near term.The company said its subsidiary Energy Empress signed a sales agreement on January 23 for the multi-purpose support vessel (MPSV) Energy Empress at a gross price of $30 million. The transaction is expected to be completed during February 2026 and is based on the industry standard Saleform 2012 contract…

Denmark's Prime Minister Mette Frederiksen said on Monday that her country has agreed with Germany to jointly proceed with the Bornholm Energy Island, a large offshore wind project.Frederiksen was speaking at a press conference at an energy conference in Hamburg alongside German Chancellor Friedrich Merz.(Reuters)

The Bureau of Ocean Energy Management announced the issuance of two Calls for Information and Nominations to solicit industry nominations and public comments on areas of interest for potential offshore oil and gas leasing in Southern California and Central California under President Trump’s 11th National Outer Continental Shelf Oil and Gas Program.Publishing these calls in the Federal Register marks the first step in BOEM’s offshore oil and gas leasing process under 30 CFR 556.301.

Gulf Marine Services (GMS), a provider of jack-up support vessels to the offshore energy industry, has agreed to acquire a new mid-class self-propelled, self-elevating support vessel, marking its first vessel acquisition in a decade.The vessel is expected to join the company’s fleet of 14 vessels within the next two weeks and is intended to support GMS’ strategy of doubling its 2024 adjusted EBITDA by 2030.The acquisition was partly financed through a $37.4 million 90-day interim loan provided by a Middle Eastern bank that is part of the company’s existing lending syndicate…

A study led by Vard, a subsidiary of Italy’s Fincantieri, has found that nuclear-powered offshore vessels are technically feasible, confirming that small fourth-generation nuclear reactors can be integrated into dynamically positioned vessels while meeting safety, redundancy and operational requirements.Results from the NuProShip II research and innovation project show that nuclear propulsion can support DP2 power architectures, with potential adaptability to DP3 standards, offering…

Kongsberg Maritime has signed a contract to deliver a comprehensive deck machinery package for a new-generation 127-metre Floating Wind Construction Vessel (FWCV) being built for Hana Shipping of Korea.Scheduled for delivery in July 2027, the FWCV represents one of the most advanced vessels ever designed for floating offshore wind operations and marks the first large FWCV order globally in recent years.The vessel, designed by Focal, will operate at the Ulsan Floating Wind Farm Construction, located 70 km off the coast of Ulsan, Korea.

European governments including Germany, Britain and Denmark will reinforce their plans to massively expand wind power projects on Monday, despite U.S. President Donald Trump stepping up criticism of their green energy agenda, a draft declaration due to be signed by government leaders showed.Trump has been openly critical of European countries' efforts to shift to low-carbon energy.

Norwind Offshore has taken delivery delivery of Norwind Maestro commissioning service operations vessel (CSOV) from Vard Søviknes, further expanding its managed fleet and reinforcing long-term commitment to supporting offshore wind farm operations.The 85-meter long Norwind Maestro CSOV has become the sixth vessel in Norwind Offshore’s fleet.The vessel, of VARD 4 19 design, will immediately start its 10-year contract at the Global Tech 1 Offshore Wind Farm in Germany, supporting operations and further strengthening the company’s long-standing partnership with Wind Multiplikator, a subsidiary of

Abu Dhabi Ports Group, via its subsidiary SAFEEN Drydocks, has acquired full ownership of Balenciaga Astilleros Shipyard in Spain for a total consideration of $13.1 million, consolidating the group’s operations in Spain and the Mediterranean and supporting its expansion in the offshore wind sector.SAFEEN Drydocks, part of Noatum Maritime, acquired the Basque-region shipyard, which will be renamed Balenciaga Shipyard, adding nearly a century of shipbuilding experience and advanced infrastructure to AD Ports Group’s portfolio.The facility includes two drydocks…

Brazilian state-run oil firm Petrobras and its logistics subsidiary Transpetro on Tuesday signed contracts with shipyards for five gas carriers, as well as 18 barges and 18 pushers, for 2.8 billion reais ($520.82 million).The companies made the deal official at an event in Brazil's southern Rio Grande do Sul state. Brazilian President Luiz Inacio Lula da Silva, who has prioritized boosting the country's shipbuilding sector, attended the ceremony.($1 = 5.3761 reais)(Reuters)

James Fisher and Sons has invested in U.S.-based autonomous marine technology company Ocean Aero, taking a strategic minority stake as part of Ocean Aero’s Series D funding round.The investment increases James Fisher’s exposure to autonomous and low-emission marine technology and supports the development and deployment of Ocean Aero’s Triton Autonomous Underwater and Surface Vehicle (AUSV), a wind- and solar-powered platform designed to operate without onboard crews.Ocean Aero designs…

ADNOC Gas has signed a long-term liquefied natural gas (LNG) supply agreement worth between $2.5 billion and $3 billion with India’s Hindustan Petroleum Corporation Limited (HPCL).The 10-year sales and purchase agreement covers the supply of 0.5 million tonnes per annum of LNG and converts a previously signed heads of agreement into a binding contract.India is now the UAE’s largest LNG customer, and by 2029 around 20% of LNG operated by ADNOC Gas is expected to be supplied to Indian buyers.

Energy assets investment firm Samos Energy has signed an agreement to acquire the Suksan Salamander floating storage and offloading (FSO) unit from Altera Infrastructure, expanding its offshore asset portfolio in Southeast Asia.The Suksan Salamander FSO is currently deployed on the Bualuang oil field offshore Thailand, which is operated by Medco Energi Thailand. Under the transaction, Samos will take ownership of the vessel and the associated bareboat charter contract following delivery from Altera.As part of the deal…

Saipem has launched a new Drilling Training Centre featuring a full-scale simulator designed to provide immersive, hands-on training for drilling personnel.The center is accredited by the International Well Control Forum, a global body for well control competency certification, enabling it to deliver internationally recognized training and certification for personnel working on drilling rigs.At the core of the facility is a full-scale simulator that reproduces real operational drilling scenarios, combining theoretical instruction with practical training.

Subsea services provider OMS Group has signed contracts with Ulstein for the design and construction of two cable laying vessels (CLVs).The vessels will be designed by Ulstein Design & Solutions and constructed at Ulstein Verft, with delivery planned for 2028. Each vessel will be about 130 meters long and 22 meters wide, with cable capacity of up to 6,500 tonnes and accommodation for 75 people.The design includes two large cable tanks, two spare-cable tanks, an enclosed cable deck hangar, and an open deck above the hangar for remotely operated vehicles and containers.

JERA Nex bp is acquiring EnBW’s stake in the Mona Offshore Wind Farm and has signed a lease agreement with The Crown Estate for the project, marking an important milestone for the company and for the UK’s offshore wind ambitions.This is a significant step towards final investment decision for the project which, once operational, could deliver up 1.5GW of clean energy to the UK. As Mona advances, the project has the potential to unlock new jobs, grow the UK supply chain, and bring economic benefits to coastal communities in Wales and across the UK.Amid current market conditions…

Today the U.S. District Court for the Eastern District of Virginia granted Dominion Energy’s request for a preliminary injunction allowing construction to resume on the Coastal Virginia Offshore Wind (CVOW) project while Dominion Energy’s lawsuit challenging the agency’s action proceeds. Our team will now focus on safely restarting work to ensure CVOW begins delivery of critical energy in just weeks. While our legal challenge proceeds, we will continue seeking a durable resolution…

Belgium-based offshore installation services company DEME has taken delivery of its second new wind turbine installation vessel, Norse Energi, at the CIMC Raffles Shipyard.As the sister vessel of the recently delivered Norse Wind, Norse Energi is purpose‑built to install the next generation of large-scale offshore wind turbines.Featuring advanced technology, exceptional lifting and loading capabilities, and sustainable design features, both vessels will help reinforce DEME’s position at the forefront of offshore wind installation.Designed by GustoMSC and built by CIMC Raffles…

Eni and its partners have launched the hull of the Coral North floating liquefied natural gas (FLNG) vessel, marking a key milestone in the development of Mozambique’s offshore gas resources.Coral North will be the second floating LNG facility deployed in the Rovuma Basin offshore Cabo Delgado in northern Mozambique and will produce gas from the northern part of the Coral reservoir.The project builds on experience gained from Coral South, which began production in 2022.Eni Greenlights Mozambique’s Coral North FLNG ProjectDesigned to improve efficiency and optimize performance…

The underlying lawsuit challenging the U.S. Department of the Interior’s December 22, 2025 suspension order will continue to proceed.Empire Wind will now focus on safely restarting construction activities that were halted during the suspension period. In addition, the project will continue to engage with the U.S. government to ensure the safe, secure and responsible execution of its operations.Empire Wind is being developed under contract with the New York State Energy Research and Development Authority (NYSERDA) to deliver a critical new…

Singaporean shipbuilder Strategic Marine has delivered the second 27-metre Z-Bow Crew Transfer Vessel (CTV) to Taiwan for an undisclosed customer.With the delivery, Strategic Marine completed the two-vessel program for the client.Purpose-built for offshore wind farm duties, the vessel was developed in close collaboration with BMT Limited and features advanced marine engineering to ensure reliable performance in demanding operating conditions.Equipped with controllable pitch propellers…

Woodside Energy Trading Singapore has signed a sale and purchase agreement with Japan’s JERA for the supply of liquefied natural gas (LNG) during Japan’s peak winter period, strengthening long-term LNG supply arrangements between the two companies.Under the agreement, Woodside will supply three LNG cargoes per year, equivalent to around 0.2 million tonnes annually, for a period of five years starting in 2027. The LNG will be delivered on a delivered ex-ship basis to Japan during…