Pacifico Energy Korea has signed a memorandum of understanding with EEW KHPC, KMC Line and CS Energy to support the development of a local supply chain for the 3.2 GW Jindo Offshore Wind Project Cluster in South Korea.

With a 435-metre quay and a minimum water depth of 10.3 metres, the Port of Oskarshamn is ideally suited to accommodate all relevant vessels and facilitate efficient ship-to-ship cable transfers.

The contract covers the engineering, procurement, construction and installation of a floating production, storage and offloading unit for the Kutei North Hub Field Development Facility

The agreement is intended to support a series of strategic subsea transmission projects, including the proposed Shetland 2 HVDC link.

On behalf of partners, Equinor has awarded contracts worth around NOK 6 billion for four subsea projects.

Four vessels for Grimaldi Lines, three for Finnlines and two for Minoan Lines.

The decommissioning project, which will commence during 2026, includes seven platforms and more than 260 wells.

The new vessel will be the third unit in a new class of ultra-luxury hospitality vessels designed and built by Fincantieri at its Ancona shipyard.

According to the Ukrainian commander, the targeted tankers are all under international sanctions.

Upon its completion, the ship will be chartered by BGN INT FZCO, one of the world's leading LPG traders, for the global transportation of LPG.

Once fully commissioned, the wind park will generate 3.3 TWh of renewable electricity per year; enough to meet approximately 3% of the Netherlands’ total electricity demand.

The Hugin B topside has departed Aker Solutions' Verdal yard in Norway for the Yggdrasil offshore development, marking the completion of a series of platform structures delivered for Aker BP's Yggdrasil and Valhall PWP-Fenris projects over the past three and a half years.