The past year has seen a resurgence in offshore marine activity, first on the back of economic recovery and then on shifts tied to the war in the Ukraine, the same tides that are lifting the tanker stocks to near-term high levels.

The consortium seeking to finalise the takeover of UAE fabrication and engineering specialist Lamprell has urged shareholders to accept its offer.

This year’s upturn in the offshore market looks ‘more entrenched and broader-based’ than the last short recovery of 2018/19 prior to the onset of the pandemic.

The push towards using ammonia as a fuel is gaining momentum in Asia with three major projects announced in the last week.

Stillstrom by Maersk, a spin-out from the major Danish group that is tackling offshore idling emissions, is to work with the Port of Aberdeen to examine the feasibility of cutting emissions from offshore vessels on standby outside the port

Baker Hughes is expanding its presence in Asia by opening a new oilfield services chemicals manufacturing facility in Singapore.

Singapore’s Keppel Offshore & Marine has bagged a $2.9bn FPSO contract with Petrobras in Brazil.

Quintin Kneen, the CEO of listed offshore service vessel provider Tidewater (NYSE: TDW), kicked off his company’s Q2 earnings call on a bullish note.

Abu Dhabi National Oil Company (ADNOC) has announced the award of two contracts totalling over $3.4bn (AED12.6bn) to ADNOC Drilling to hire eight offshore jack-up rigs to accelerate production capacity growth.

Last week executives from the Singapore shipping community gathered to celebrate the prize winners for the Institute of Chartered Shipbrokers (ICS) examinations.