Van Oord has completed the inter-array cable installation campaign at the Windanker offshore wind […] The post All inter-array cables in place at Iberdrola’s Windanker offshore wind farm appeared first on Offshore Energy.
Malaysia’s state-owned oil and gas heavyweight Petronas has joined forces with regional partners to jointly evaluate opportunities for improved and enhanced oil recovery (IOR/EOR) in offshore acreages. The post Cross‑border partnership sets its cap on offshore oil recovery boost appeared first on Offshore Energy.
Energy services provider Expro has expanded its over two-decade-long collaboration with a “global operator” […] The post Expro’s 20-year-old collaboration expanded through $25M contract extension appeared first on Offshore Energy.
Jasmine Energy (JEL), a subsidiary of Singapore’s Rex International, has signaled a revision in the timeline for a multi-well drilling program off the coast of Oman, which will be conducted with a nine-year-old jack-up rig from Texas-headquartered Northern Offshore, a builder and operator of jack-up rigs. The post 2017-built rig’s Asian multi-well drilling assignment awaits …
2017-built rig’s Asian multi-well drilling assignment awaits new start date Read More »
Se sumaron más de 300 mil TEUS a los servicios que recalan en los terminales de la región
Geopolitical conflicts have pushed up vessel earnings while creating obstacles for shipping companies in crewing and making mid- and long-term investments, several shipowners said. Freight rates in various sectors have risen as Iran seized control of the Strait of Hormuz since its war with Israel and the US began Feb. 28, limiting maritime traffic vis …
Geopolitics boost freight rates but pose challenges to shipowners elsewhere Read More »
Kawasaki Kisen Kaisha, Ltd. (“K” LINE) is pleased to announce that, jointly with Malaysia-based MISC Berhad (MISC), it has secured a time charter contract for a newly built 12,000 m3 liquefied CO2 carrier (the Contract) from Northern Lights JV DA (Northern Lights)*1. This vessel will be constructed by Dalian Shipbuilding Offshore Co., Ltd. The Contract …
“In May, dirty tanker exports from the Americas reached 14.5 million barrels per day (mbpd), up from the previous record of 13.8 mbpd in April. Compared to May 2025, exports are up 40% year-on-year and during the three months since the start of the Iran War, exports have risen 23% year-on-year,” says Niels Rasmussen, Chief …
Dirty tanker exports from the Americas hit new record of 14.5 mbpd in May Read More »
Global tanker markets faced widespread downward pressure in late May. VLCC, Suezmax, and Aframax freight rates across key routes declined due to structural oversupply and influxes of ballast vessels. While Cross-Med Aframaxes and MEG-Japan LR2s managed to trade flat or steady , MR product tankers diverged sharply. UKC-USAC rates weakened , whereas USG-UKC benchmarks surged …
Atlantic MR pressure shifts: Navigating the split Read More »
Financial performance Q1 2026 profit attributable to equity holders of the Company ended at US$164 million, representing an earnings per share of US$1.08, contributed by strong shipping performance and a significant positive unrealised MtM valuation gain in the BW Product Services trading portfolio. Commercial performance TCE income – Shipping Q1 2026 concluded at US$55,500 per …
