Offshore drilling company Valaris has secured over $1 billion of new contracts and extension for its drilling rigs since its previous fleet status report published mid-February 2025.Valaris’ contract backlog, excluding lump sum payments such as mobilization fees and capital reimbursements…
Belgian offshore installation contractor Jan De Nul has secured a contract for the installation of monopiles for 72 offshore wind turbines that will make up the 1.1 GW Inch Cape offshore wind farm in Scotland.Inch Cape offshore wind farm, being…
ExxonMobil’s Australian subsidiary Esso Australia Resources and its partners have announced a nearly $200 million investment in the Kipper 1B project which will bring online additional gas supply from the Gippsland Basin.The project, which was approved by Esso Australia…
The European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) have granted a total of $623.6 million to support the development of 1.5 GW Baltica 2 offshore wind farm, the second and the largest offshore wind farm in Poland…
GE Vernova’s offshore wind turbine manufacturing plant has fired or suspended several workers in Quebec after a company investigation found they took shortcuts on quality control, sources familiar with the matter told Reuters.GE Vernova launched the probe at the factory in Gaspe…
DOF Subsea (DOF) on Friday announced a contract extension and a contract award securing further backlog for the Asia-Pacific (APAC) region.A contract extension has been secured for dive support vessel Skandi Singapore with the vessel fully committed…
An incident at the Vineyard Wind offshore wind energy project this week that scattered shards of fiberglass across Massachusetts beaches was the latest in a series of failures involving wind turbines built by GE Vernova.At least one other GE Vernova offshore wind turbine came apart this year…
The first of a total of 50 wind turbines has been installed at the 476 MW Baltic Eagle offshore wind farm, a joint venture between Iberdrola and Abu Dhabi Future Energy Company (Masdar), located off the German Baltic coast.Working in partnership with Vestas…
Esgian reports fresh finds confirmed in Guyana, China and Norway in its Week 12 Rig Analytics Market Roundup.Report Outline:ContractsDolphin Drilling has announced the award of a $154 million drilling contract from India's exploration and production company…
Van Oord has been contracted for the construction of the Baltica 2 Offshore Wind Farm, developed by Ørsted and PGE. The wind farm is located 40 kilometres offshore in the Polish area of the Baltic Sea.Van Oord will transport and install 111 extended monopiles…
Norwegian offshore vessel owner DOF Group has secured a new contract and a contract extension for two of its vessels that will be employed in the Asia Pacific region.The latest contract secured for the region is related to Skandi Hercules vessel…
Offshore drilling company Valaris has secured approximately $1.14 billion in new contracts and contract extensions for its drillships and jack-up rigs across the Americas, Europe and Australia.The $1.14 billion worth contracts were awarded in the last two months of 2023…
As is tradition, the first week of January is generally quiet in the offshore market. However, Esgian reports that there were still some noteworthy updates related to new contracts, drilling activities, and rig moves.ContractsAfter a bidding…
The first phase of the Dogger Bank Wind Farm has started exporting electricity to British consumers.The 3.6GW Dogger Bank Wind Farm is being constructed in UK waters 70 nautical miles (130 kilometers, 80 miles) off the coast of Yorkshire in the UK’s North Sea in three 1…
