Saudi Arabian offshore operators are sitting at the forefront of a boom in the sector, but at the same time with an eye to sustainability, according to John McDonald, President and COO of ABS.
Fazel A. Fazelboy, CEO of Dubai-based energy consultancy Synergy Offshore, is predicting a prolonged booming market for offshore vessel operators in the Middle East.
Shipping companies that fail to adopt resilient environmental, social and governance (ESG) strategies are risking their future as greater gender diversity and inclusion are urgently needed to ease shipping’s growing personnel crisis.
China Oilfield Services Limited (COSL) has acquired two drilling contracts from Norwegian companies, Var Energi and Equinor.
With some 5,000 offshore wind farms forecast to be developed globally in the coming decades the some markets in Asia - Pacific face a shortage of wind turbine installation vessels (WTIV) warns classification society DNV.
A likely 300-fold increase in global offshore wind capacity between now and 2035 will underpin heavy demand for offshore support vessels of various types.
Houston-based Intermarine and sister company Jumbo-SAL-Alliance (JSA) expand their presence in South America, opening a new office in Santiago, Chile.
A lack of interest in the first-ever offshore wind auction of acreage in the Gulf of Mexico is seen as a major setback for a sector seen by the Biden Administration as a smart route to more sustainable energy.
MISC and Samsung Heavy Industries (SHI) have received Approval in Principle (AiP) from DNV for a jointly developed concept for a Floating CO2 Storage Unit (FCSU).
In the States, both government and the industry continue to move ahead in their offshore wind efforts, albeit not without a few setbacks emerging.