Vietnam has started building its largest domestically constructed warship, an anti-submarine frigate at Sông Thu Corporation in Da Nang, with completion expected within 36 months.
Borr Drilling has added eight jack-up contract commitments representing more than 2,100 days of firm work and approximately $267 million in Dayrate Equivalent Backlog.
PTSC M&C has completed load-out and started sail-away of the Lac Da Vang Central Processing Platform for offshore installation in Vietnam’s Cuu Long Basin.
Murphy Oil is advancing offshore developments in the U.S. Gulf of Mexico, Vietnam and Côte d’Ivoire, with Chinook and Lac Da Vang targeting first oil in 2026 as appraisal and infrastructure work continue.
Pacifico Energy has received a site survey licence for a 500 MW offshore wind project in Ba Ria–Vung Tau, marking an early development step under Vietnam’s new framework.
PV Gas plans VND100+ trillion capex for 2026–2030, prioritising LNG infrastructure and M&A, while advancing Thi Vai expansion to 3 MTPA and multiple terminals nationwide.
Malaysia has proposed a 2,000 MW offshore wind project in collaboration with Vietnam and Singapore, aiming to start operations in 2034. Of this capacity, 700 MW will be used domestically while 1,300 MW will be exported to Singapore.
