Vestas has received a 390 MW order for South Korea’s Shinan-Ui offshore wind development, supplying 26 V236-15.0 MW turbines and a 20-year service agreement, with deliveries from 2027.
Vietnam appointed Le Ngoc Son as PetroVietnam chairman effective 26 December 2025, as the state energy group reported 2025 revenue exceeding VND 1.1 quadrillion.
Colombo Dockyard PLC is using its SGIP to pivot from traditional ship repair and construction into specialized marine infrastructure projects, expanding in the Maldives while managing higher financial and market risks.
Haiyang Shiyou 696, a WS25000-class Tuna Offshore Series vessel designed by SDARI and built by Wuhu Shipyard for CNOOC, has started sea trials as China’s first large integrated offshore well stimulation ship.
The FMC is seeking additional comments as it investigates Spain’s Algeciras denials of US-flagged Maersk vessels in November 2024 and weighs possible countermeasures.
COSCO Shipping Heavy Industry (Zhoushan) has begun a 42,831.51 sq m energy-efficiency upgrade, targeting Q1 2027 completion to enhance productivity and high-end shipbuilding capability.
ASRY completed rig repair and upgrade works for ADES Holding in 2025, preparing ADM-501/ADM-504 for Nigeria and completing ADM-503/ADM-511 for Thailand and Brazil.
Saipem won two offshore CRPO awards from Aramco worth about $600 million, covering a 34 km pipeline EPCI scope and Marjan subsea interventions plus 300 m onshore tie-ins.
Trinidad and Tobago issued its first ultra-deepwater CEC, clearing ExxonMobil Trinidad and Tobago Deepwater Limited for a 3D seismic survey across 8,825 km² in Block TTUD-1.
