Offshore drilling contractor Northern Ocean has secured a contract extension with Equinor for Deepsea Bollsta semi-submersible drilling rig, which will be put to work on Johan Sverdrup, one of Norway’s most important offshore developments.The…
India’s EPC contractor Larsen & Toubro (L&T) has been hired to deliver High Voltage Direct Current (HVDC) converters in support of the Dutch-German transmission system operator (TSO) TenneT’s 2GW offshore wind grid program in the North Sea.Collaborating with Hitachi Energy…
Offshore drilling contractor Borr Drilling has secured contract extensions for three of its premium jack-up rigs from Mexico’s national oil company Pemex.The rigs Galar and Gersemi have each been awarded two-year firm contract extensions that…
Offshore drilling contractor Borr Drilling has terminated two of its drilling contracts following the recent implementation of international sanctions affecting a counterparty.The terminations relate to the contracts for the Odin and Hild jack…
ADES is the largest jackup drilling contractor globally, with 44 rigs owned, and four under its management, and a fleet valued at $1.98 - $2.2 billion. Shelf Drilling, also among the TOP 5 jackup drilling contractors, has a modern 32-rig competitive fleet valued at $1…
Italy's Saipem said on Wednesday its third-quarter adjusted core profit rose 29% year-on-year as the energy contractor pocketed new orders in Turkey and Guyana.Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) came in at 437 million euros ($510 million)…
Belgian marine contractor Jan De Nul has launched its newest cable laying vessel (CLV), the Fleeming Jenkin, at the CMHI Haimen shipyard in China, which has now entered the final phase of construction ahead of delivery planned for second half of 2026…
Offshore drilling contractor Vantage Drilling has announced the termination of the contract for its ultra-deepwater drillship Platinum Explorer.The termination, with immediate effect, is for the 260-day campaign the Platinum Explorer drillship was hired earlier in 2025…
RWE and UK-based designer ARC marine have achieved a global first at Rampion Offshore Wind Farm with the installation of Reef cubes® as undersea protection for turbine foundations.The solution is designed to protect the critical energy infrastructure from strong currents in the subsea environment…
Equinor and its partners has started production from the large Bacalhau field in Brazil, whose recoverable reserves exceed 1 billion barrels of oil equivalent (boe).Bacalhau is located in the pre-salt region of Brazil's Santos Basin in ultra-deep water of over 2…
Dutch offshore installation firm Van Oord has been awarded the prestigious Jan Agema Award 2025 for its contribution to the offshore wind project Borssele III, IV and V.The jury praised the project for its technical innovation, societal relevance…
Subsea technology company Seatools has been awarded a contract by Jan De Nul for the design and delivery of a Fall Pipe ROV (FP-ROV) that will form a key system of the Belgian contractor’s recently ordered subsea rock installation vessel, the George W…
Offshore drilling contractor Valaris has secured a five-well contract with BP’s subsidiary BP Exploration Delta for VALARIS DS-12 drillship in Egypt.The contract is expected to begin in the second quarter 2026 and has an estimated duration of 350 days…
Singapore-based offshore contractor Seatrium has received a termination of the $475 million contract for the construction of a Wind Turbine Installation Vessel (WTIV) that was set for deployment at Equinor's Empire Wind 1 offshore wind farm in the United States…
Orsted, the world's biggest offshore wind farm developer, will cut about 2,000 jobs by the end of 2027, a quarter of its workforce, and will focus more on Europe after setbacks in the U.S.Orsted expanded rapidly over the past decade, but more…