Harbour Energy has entered into an agreement to acquire LLOG Exploration Company for $3.2 billion, marking its entry into the deepwater U.S. Gulf of America and strengthening its global offshore portfolio.The deal, which includes $2.7 billion in cash and $0.5 billion in Harbour voting ordinary shares, establishes a new core business unit for Harbour alongside its existing operations in Norway, the UK…
Vantris Energy Berhad said it has been awarded offshore transportation and installation work orders in Malaysia by Petronas Carigali under existing long-term contracts.The awards were secured by Sapura Offshore, an indirect wholly owned subsidiary of Vantris Energy…
Vestas has received a 390 MW order for the Shinan-Ui offshore wind project in Jeollanam Province in South Korea.The project is developed by Shinan-Ui Offshore Wind, a consortium consisting of Hanwha Ocean, SK Eternix, KOMIPO (Korea Midland Power)…
Germany’s RWE has agreed to sell its F.E.W. Baltic II offshore wind development project in Poland to state-controlled utility PGE, as Poland’s largest power producer strengthens its offshore wind pipeline.The F.E.W. Baltic II project has a planned…
Jumbo Offshore has signed two contracts for the Transport and Installation (T&I) of Transition Pieces (TPs) for an upcoming offshore wind farm development.Jumbo Offshore will install the TPs using one of its two DP2 heavy-lift vessels during the project campaigns…
DEME has secured three contracts for the installation of monopile foundations, inter-array cables, and the export cable at the BC-Wind offshore wind farm in Poland.The combined contracts are valued between $174 million and $350 million (€150 million and 300 million)…
BP, Woodside Energy and Chevron were the top winners on Wednesday at the U.S. government's first sale of oil and gas drilling rights in the Gulf of Mexico since 2023.The auction, which ended with $279.4 million in high bids, was the first of 30 mandated by U…
BP, Chevron and Shell were among the top bidders on Wednesday at the U.S. government's first sale of oil and gas drilling rights in the Gulf of Mexico since 2023.The auction, which ended with $279.4 million in high bids, was the first of 30 mandated by U…
Oil major Shell said output at two of its offshore platforms in the U.S. Gulf of Mexico has been temporarily shut due to a shutdown of the Hoover Offshore Oil Pipeline System (HOOPS).The top producer in the U.S. Gulf said it expects its Whale and Perdido platforms…
Eastern Shipbuilding Group (ESG) completed and redelivered HOS Rocinante, a first-of-its-kind U.S.-flagged Service Operation Vessel (SOV) converted for Hornbeck Offshore Services.The vessel marks a milestone in the evolution of the U.S. offshore…
Seaway7, part of Subsea7, has secured a sizeable contract by Ocean Winds for the work on the BC-Wind offshore wind project in Poland.Seaway7’s scope of work includes the transport and installation of 26 transition pieces and an offshore substation with offshore activity expected to commence in 2027…
Dajin Heavy Industry and Germany’s Briese Schiffahrt have signed a memorandum of understanding to develop offshore wind marshalling services at a new terminal in the Port of Cuxhaven in Germany.The agreement, signed on November 26, aims to establish…
Seatrium has secured a contract from BP for the engineering, procurement, construction and onshore commissioning of the Tiber floating production unit (FPU) in the Gulf of America.The Tiber FPU marks Seatrium’s second consecutive deepwater project for BP…
ABS issued an approval in principle (AIP) to Encomara for its Squid system, an approach that adapts proven disconnectable mooring technology to support floating offshore wind developments.The Squid system builds upon the established Disconnectable…
As oil exploration and production goes, so goes the market for Offshore Service Vessels (OSVs) and Platform Supply Vessels (PSVs). Throughout 2025, the prices of oil- which drives exploration and production (E & P), have softened, moving down…
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