High demand and limited supply of Offshore Support Vessels (OSVs) in the Middle East is leading a rethink of the usual 15-year age limit for contracted vessels.

NOV and CIMC Raffles have signed a new contract to supply a second GustoMSC™ NG-20000x self-propelled wind turbine installation jack-up vessel design for offshore wind service company Havfram.

The sight of dead whale carcasses washing up on the famous “Jersey Shore” has led to political efforts to pause the burgeoning offshore wind sector on the US East Coast.

P&O Maritime Logistics is mulling ordering offshore support vessel (OSV) newbuildings against a backdrop of high demand in the Middle East region.

Aberdeen-based North Star has signed a deal for the design and build of two commissioning service operation vessels (CSOVs) with Norway’s Vard shipbuilding group.

A new in the shipyard industry was launched at Sea Asia 2023 last week – Seatrium – rebranding the recently merged Sembcorp Marine and Keppel Offshore & Marine (Keppel O&M).

The $33bn that is likely to be spent on offshore upstream investment in the Middle East this year will almost double the $17bn spend in 2021 as energy demand recovers in key regions, supply chains are stretched and disrupted, and energy security...

The offshore sector is emerging from a period of punishingly low rates as demand and investment in the sector recovers.

Perhaps, among all the rhetoric about “net zero” and carbon neutral industry, the magnitude of the task and the timescales have started to sink in.