According to recent vessel-tracking data compiled by Bloomberg, only approximately 30 tankers, including crude oil and fuel carriers, have entered the Bab al-Mandab Strait this week.

The pause means ships cannot use the Suez Canal, necessitating longer voyages around Africa, leading to increased costs, delays, and heightened demand for vessels.

The decision, announced on December 13, 2023, follows a series of recent successes and contracts secured by DOF Group across various regions.

Under this long-term collaboration, Baker Hughes will deploy its state-of-the-art Aptara subsea production systems to support Chevron Australia's upcoming offshore ventures.

This research center focuses on enhancing the security of submarine infrastructure in the North and Baltic Seas by conducting experiments, testing, and developing innovative techniques.

The vessels are scheduled for delivery by the end of Q1 2024.

The plan outlines the replacement of a failed flowline and the connection of two new wells to the Otway Gas Plant, along with the recovery of the failed flowline for proper disposal.

SEA-KIT International, a longstanding collaborator with Fugro, specializes in the development of uncrewed surface vessels (USV) for maritime operations and research aimed at reducing carbon emissions.

The FPSO, located in the Anasuria cluster, is overseen by the Anasuria Operating Company (AOC), a jointly-controlled entity by Ping Petroleum and Hibiscus Petroleum's Anasuria Hibiscus UK.

The company will apply its expertise in offshore platform structural analysis, brownfield engineering, and asset life extension to assess the viability of the structure and guide necessary modifications.