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New IMCA president comes from DEME

The International Marine Contractors Association (IMCA) has appointed Hugo Bouvy, Managing Director of DEME […] The post New IMCA president comes from DEME appeared first on Offshore Energy.

Middle East crisis brings ‘temporary suspensions’ to some ADES rigs

ADES International, a subsidiary of ADES Holding Company, which is part of Saudi Arabia-headquartered ADES Group, has confirmed suspensions of operations for multiple rigs in its fleet as a result of the ongoing conflict between the U.S.-Israel alliance and Iran in the Middle East. The post Middle East crisis brings ‘temporary suspensions’ to some ADES rigs appeared first on Offshore Energy.

Chinese shipyard books GTT for tank design of LNG vessel quartet

French technological containment specialist Gaztransport & Technigaz (GTT) has secured new tank design assignments for four liquefied natural gas (LNG) carriers (LNGCs) with China’s Hudong-Zhonghua shipyard. The post Chinese shipyard books GTT for tank design of LNG vessel quartet appeared first on Offshore Energy.

Middle East conflict: Energy security risks and price shocks as market volatility hits supply chains

Since the ignition of the conflict between the U.S. and Israel on one side and Iran on the other, the global markets have been on tenterhooks, as fears continue to grow over the impact the hostilities will have not just on the Middle East region but also the world at large, especially in terms of economy, energy security, and global supply chains, affecting all offshore energy and maritime realms across the globe, albeit to different degrees. The post Middle East conflict: Energy security risks and price shocks as market volatility hits supply chains appeared first on Offshore Energy.