LNG Carriers News

Related Offshore Support Vessels Industry News

• November 2024: N-Sea inked a long-term charter deal with Mainport Shipping for the vessel Geo Master. Neptune Construction in Hardinxveld-Giessendam, the Netherlands, is set to build the vessel. N-Sea highlighted that the new vessel mirrors the design and equipment of the Geo Ranger, which is already managed and controlled by the N-Sea Group. N-Sea will exercise full commercial management and control over the vessel. The delivery is slated for the first quarter of 2026, with operational status anticipated by mid-March 2026.
• November 2024: Sea1 Offshore is poised for expansion, placing an order for two next-generation offshore energy support vessels from Cosco Shipping (Qidong) Offshore. Each of the newly ordered vessels will span 120 meters in length and boast a cargo deck area of 1,400 square meters. Equipped with a 250-tonne deck crane, each ship will also accommodate up to 120 personnel. Furthermore, both vessels will feature an ROV hangar and a moonpool. Designed with future sustainability in mind, the vessels will be methanol-ready, and their generators will operate on 100% biofuel. With the anticipated delivery of these new builds in 2027, Sea1's fleet will expand to 19 modern offshore vessels.

• September 2024: Photon Energy announced the successful completion and commissioning of a 7.5 MWp photovoltaic power plant in Romania. Situated near Făget in Timiș county, this plant marks a pivotal addition to the company's expanding portfolio of renewable energy assets. With the inauguration of this facility, Photon Energy now operates a total of 100 plants, further solidifying its stature in the solar energy market.
• August 2024: INVL Asset Management, a fund manager based in Lithuania, successfully raised EUR 24.4 million (USD 26.4 million) to construct a 60-MW solar farm in Romania. The financing, evenly divided between the European Bank for Reconstruction and Development (EBRD) and Eiffel Investment Group based in France, was allocated to INVL Renewable Energy Fund I. The solar farm is set to be established in Dolj County, Romania.

• November 2024: N-Sea inked a long-term charter deal with Mainport Shipping for the vessel Geo Master. Neptune Construction in Hardinxveld-Giessendam, the Netherlands, is set to build the vessel. N-Sea highlighted that the new vessel mirrors the design and equipment of the Geo Ranger, which is already managed and controlled by the N-Sea Group. N-Sea will exercise full commercial management and control over the vessel. The delivery is slated for the first quarter of 2026, with operational status anticipated by mid-March 2026.
• November 2024: Sea1 Offshore is poised for expansion, placing an order for two next-generation offshore energy support vessels from Cosco Shipping (Qidong) Offshore. Each of the newly ordered vessels will span 120 meters in length and boast a cargo deck area of 1,400 square meters. Equipped with a 250-tonne deck crane, each ship will also accommodate up to 120 personnel. Furthermore, both vessels will feature an ROV hangar and a moonpool. Designed with future sustainability in mind, the vessels will be methanol-ready, and their generators will operate on 100% biofuel. With the anticipated delivery of these new builds in 2027, Sea1's fleet will expand to 19 modern offshore vessels.

• June 2024: LS Cable & System began the mass production of 525 kV High Voltage Direct Current (HVDC) cables, which are to be used for TenneT’s 2 GW grid connection systems BalWin4 & LanWin1.
• May 2024: The United Kingdom Port of Tyne negotiated with LS Eco Advanced Cables for a long-term lease for a cable factory. LS Eco Advanced Cables is interested in the potential for a high-voltage direct current (HVDC) factory on the Tyne Renewables Quay site in northeast England, worth an investment of USD 1,190 million. Both parties have signed an agreement for a limited but extendable period of exclusivity during which the Port of Tyne has agreed to refrain from entering party transactions to allow the parties time to negotiate agreements for the grant of a long lease relating to the Tyne Renewables Quay site.

• September 2024: WHA Utilities and Power Public Company Limited (WHAUP) announced a collaboration with S.P.M. Animal Feed Co., Ltd. and A.P.M. Agro Co., Ltd. to develop a 9 MW solar power project in Ratchaburi. This project includes a 3.51 MW floating solar system, a 1.066 MW ground-based solar farm, and a 4.395 MW solar car park, with a total investment of 200 million baht. This project is set to start supplying electricity by 2025.
• July 2024: Myanmar’s CAG Engineering Co Ltd. and several Thai technical expert companies, including PEA Encom Co Ltd and others, signed an MOU to explore and develop renewable and traditional power sources. The agreement focuses on enhancing solar, wind, hydro, and natural gas projects.

• December 2023: Cummins Inc. unveiled its latest generator models: the C1760D5, C1875D5, and C2000D5B, offering enhanced power capabilities for a broader spectrum of applications.
• February 2023: Caterpillar unveiled the Cat XQ330 mobile diesel generator set that caters to standby and prime power applications, aligning with U.S. EPA Tier 4 Final emission standards. The XQ330, driven by the Cat C9.3B diesel engine, boasts a rating of up to 288 kW for standby and 264 kW for prime operation at 60 Hz. At 50 Hz, it can deliver up to 341 kVA in standby and 310 kVA in prime power applications.

• September 2023: Ørsted announced that the company entered its first solar project in the United Kingdom. The project, which will have a capacity of 740 MW, is located in Nottinghamshire near the border of Lincolnshire and is being co-developed with PS Renewables.
• June 2023: The UK Government approved the construction of the country's largest solar farm, large enough to power about 60,000 households, on farmland near Chelmsford. Longfield Solar Farm, which spans 380 hectares of intensive arable farmland near Terling, has the potential to generate enough electricity to supply four times the energy needs of all new dwellings planned for Chelmsford over the next 13 years.
• June 2023: AMPYR Solar Europe announced the acquisition of a 390 MWp Solar PV + BESS portfolio from Tyler Hill, which includes sites across the United Kingdom. The five projects have grid security and are being presented for planning approval. AMPYR Solar Europe will work with Tyler Hill to bring the assets to a "ready-to-build" level before beginning construction in 2024.

• March 2024: AMEA Power, a Dubai-based renewables developer, announced that it is progressing with its 500-MW Abydos solar project in Egypt. The project is located in Kom Ombo, Aswan governorate, and has power purchase agreements in place with the Egyptian Electricity Transmission Company (EETC).
• June 2023: A group of companies, including Abu Dhabi’s Masdar, signed an agreement with Egypt’s New and Renewable Energy Authority. The agreement is to secure land for a USD 10 billion wind farm. The farm will have a capacity of 10 GW and will produce 47,790 GW hours of clean energy annually.

• May 2023: SBM Offshore and Esso Exploration & Production Guyana entered a 10-year Operations and Maintenance Enabling Agreement. The agreement entails SBM Offshore being responsible for the operations and maintenance of four FPSOs: Liza Destiny, Liza Unity, Prosperity, and ONE GUYANA.
• April 2023: Following a major upgrade to enable gas production, Shell resumed operations at the Pierce field in the United Kingdom Central North Sea. The Haewene Brim floating production, storage, and offloading vessel (FPSO), utilized for hydrocarbon production at the Pierce field, underwent significant modifications. A new subsea gas export line was installed, connecting to the SEGAL pipeline system, which transports gas to the St Fergus facility north of Aberdeen. This development allows for the extraction of gas from the Pierce field, which had previously been focused solely on oil production.
• April 2023: KBR, headquartered in Houston, officially announced the unexpected acquisition of an engineering contract for Equinor's Bay du Nord project, valued at USD 9.4 billion and located in the offshore eastern region of Canada. The awarded contract encompasses the possibility of providing detailed design and procurement management services until the completion of the FPSO unit.

• May 2024: NYK Line collaborated with the Global Centre for Maritime Decarbonization (GCMD), based in Singapore, for a six-month project to trial marine biofuel for bunkering. The companies are expected to test a biofuel blend comprising 24% fatty acid methyl esters (FAME) and very low sulfur fuel oil (VLSFO) on a short-sea vehicle carrier, making stops at various ports.
• April 2024: French oil major TotalEnergies set up a joint venture with the Oman National Oil Company to supply liquified natural gas as a marine fuel. Marsa LNG Gas will cover upstream gas production and downstream gas liquefaction. LNG production is expected to start in the first quarter of 2028.