LATEST NEWS
TenneT-NKT cable study finds offshore decommissioning feasible
TenneT and NKT examined Dutch and German cable systems, identifying materials, recycling value, processing costs and local markets as factors in choosing an approach for each decommissioning project.
IMB piracy report: 2026 nine-month incidents fall to 51
IMB recorded 51 incidents in January–September 2026, down from 116 a year earlier. Somali pirates carried out all eight hijackings and accounted for 94% of crew hostages in the global tally.
TechnipFMC and BP sign MoU for 20K subsea trees
The agreement covers cooperation on 20,000-psi tree systems for BP’s US Gulf Paleogene developments, with early opportunities and technology work aimed at improving predictability in project delivery.
Panama Canal tonnage reaches record 521 million PC/UMS tons
The Panama Canal recorded 13,951 vessel passages in FY2026, with Neopanamax traffic contributing 52.2% of tonnage. Panamax last-minute bookings have resumed, subject to capacity and authority approval.
Sven Utermöhlen takes Esvagt board seat
Sven Utermöhlen brings 20 years of offshore wind experience to Esvagt. RWE’s succession announcement also provided for him to advise its offshore wind business for six to twelve months after his departure.
DOJ seeks Maryland Offshore Wind approval review
US Wind’s COP approval would remain effective under the proposed remand, while Interior reassesses its treatment of fisheries, coastal scenery, research and protected species under federal law.
Masirah Oil starts Yumna infill drilling off Oman
The first well in Masirah Oil’s latest Yumna campaign is expected to begin producing in November 2026. The company operates and holds a 100% interest in Oman’s offshore Block 50 concession.
Ofgem opens £3.5bn Hornsea 3 transmission tender
Tender Round 14 seeks an owner and operator for Hornsea 3’s grid connection, with inflation-linked revenue available for up to 25 years, conditional on asset availability and performance.
CIMC Raffles launches offshore hydrogen platform
Shenhai Hydrogen Energy No. 1 is preparing for South China Sea deployment, with PEM electrolysis, three types of hydrogen storage and a disconnectable mooring system designed for shallow waters.
