Offshore

Wando Offshore Wind Project to Resume in First Half of 2025

Korea South-East Power Co. (KOEN) will resume its 600MW “Wando Geumil Offshore Wind 1 & 2” project in the first half of this year. The move follows the resolution of a prolonged dispute with the Ministry of Trade, Ind..

News > Offshore > 2025-05-02 14:23:11

SHI Accelerates Two-Track Strategy Focused on Profitability… FLNG Orders Imminent

Back-to-back orders for ultra-large gas carriers and container ships… Full-scale shift toward offshore plant-centered portfolio Samsung Heavy Industries (SHI) is gaining momentum in its performance with selective orders for hi..

News > Offshore > 2025-05-02 09:40:29

MODEC and Sumitomo to build new FPSO for Shell

MODEC has signed a contract with Sumitomo Heavy Industries to build a floating oil and gas facility called an FPSO for Shell’s Gato do Mato project in Brazil. The FPSO will be used to produce, store, and offload oil from an underw..

News > Offshore > 2025-04-30 17:12:12

Wison signs FLNG feasibility contract with Petronas

Wison Clean Energy Technology Group (Wison Energy) has signed a feasibility study (FS) contract with Malaysia’s Petronas for a floating liquefied natural gas (FLNG) facility to be deployed in Block 52 off the coast of Suriname. ..

News > Offshore > 2025-04-29 17:26:30

ASRY enters renewable power sector

The Arab Shipbuilding and Repair Yard Company (ASRY), the international maritime hub, has recently signed a memorandum of Understanding (MoU) with AtkinsRéalis, world-class engineering services company with immense global capabil..

News > Offshore > 2025-04-29 15:29:17

SK Oceanplant begins construction of substructure for Fengmiao 1

SK oceanplant has started the construction of substructures for the 'Fengmiao 1' offshore wind farm in Taiwan. SK Oceanplant announced on the 23rd that it held a steel cutting ceremony to start the 'Fengmiao 1' offsho..

News > Offshore > 2025-04-23 15:55:55

SHI bets big on FLNG, starting to pay off

After years of losses and market skepticism, Samsung Heavy Industries (SHI) is emerging as a dark horse in the global shipbuilding race—thanks to a long-shot bet on floating liquefied natural gas (FLNG) platforms. While competi..

News > Offshore > 2025-04-23 12:29:20

MODEC wins 'Hammerhead' FPSO gig

MODEC announced on April 21 that it has been awarded a contract by ExxonMobil Guyana Limited to develop a Floating Production, Storage, and Offloading (FPSO) vessel for the Hammerhead project. The contract is a Limited Notice To Proc..

News > Offshore > 2025-04-22 14:16:31

Kim Heng relaunches refurbished survey vessel

Singapore-based Kim Heng Offshore & Marine Holdings has relaunched the Bridgewater Discovery, a refurbished geotechnical survey vessel, as part of its growing push into the renewable energy space. Originally built in 2008, the 76..

News > Offshore > 2025-04-21 17:33:33

MHI to study CO2 capture modules for FPSOs

Mitsubishi Heavy Industries (MHI) announced on April 15 that the Japanese conglomerate signed a contract with Single Buoy Moorings Inc., the subsidiary of SBM Offshore, to study the application of CO2 capture modules on future Floating ..

News > Offshore > 2025-04-16 09:38:57