Reach Subsea and Eidesvik Offshore have completed the sale of the inspection, maintenance and repair (IMR) vessel Viking Reach, with the vessel delivered to its new owners on October 26.The transaction was completed through Eidesvik Reach, a joint venture between Reach Subsea and Eidesvik Offshore…
Singapore's Seatrium has secured an agreement with Keppel's subsidiary RigCo to complete construction work on four offshore drilling rigs under an existing master services arrangement, with the total estimated contract value exceeding $390 million (S$500 million)…
Borr Drilling's Prospector 5 jack-up rig has sunk offshore Gabon after experiencing a punch-through event during preload operations that caused it to lose stability, leaving five people missing and 110 safely accounted for among the 115 personnel on board…
Crewsure Insurance Services Limited (Crewsure) has announced the launch of Crewsure Energy, a new program that brings together traditional employee benefits with specialist Crisis Response protection, designed for companies employing personnel…
Norwegian offshore vessel owner DOF Group has secured a subsea installation contract in Africa, with its Skandi Acergy construction support vessel (CSV) scheduled to undertake the offshore campaign in early 2027.The contract, valued at between $15 million and $25 million…
Oil prices rallied over $2 a barrel on Thursday after more Houthi attacks in Saudi Arabia stoked concerns over a broader escalation of conflict and further disruptions to crude supplies from the world's key exporting region.Brent crude futures LCOc1 climbed$2…
OEG Marine Services has ordered three additional crew transfer vessels (CTVs) from Diverse Marine, expanding its offshore wind support fleet under a newbuilding program scheduled for delivery throughout 2027.The vessels will be built to the BREVITY SL Class design developed by Chartwell Marine…
DNV has become the first non-Japanese recognized organization authorized by Japan's Flag Administration to apply floating offshore wind classification rules in the country.The authorization allows DNV to apply its floating offshore wind rules within Japan's regulatory framework…
Saitec Offshore Technologies and Japan's Kansai Electric Power Company (KEPCO) have agreed to extend operations at the 2 MW DemoSATH floating offshore wind demonstrator in Spain through 2027, with Japanese construction company Kumagai Gumi joining the project as a new partner…
SSE Renewables has selected Subsea7's Seaway7 as preferred supplier for offshore wind turbine foundations and subsea inter-array cables at its 1.4 GW Berwick Bank B offshore wind project in Scotland, under an agreement expected to support 465 UK jobs…
Norwegian offshore vessel owner Eidesvik Offshore has secured a contract extension from Equinor for its platform supply vessel (PSV) Viking Avant, keeping the vessel under contract until the end of 2027.The extension follows directly from the…
DEME has secured a contract worth between $56 million and $168 million for the transportation and installation of 69 wind turbines at the Zeevonk offshore wind farm in the Dutch North Sea, expanding its role in the approximately 1 GW project…
Oil markets initially treated the Iran war as a brief bullish disruption in a long-term bearish trend. But traders are now betting that oil prices will remain elevated through 2028, forcing a rethink of the global inflation outlook.Eight months into the war…
Norwegian offshore vessel owner DOF Group has secured a contract extension for its construction support vessel (CSV) Skandi Nomad.The 12-month extension will keep the vessel on firm contract until November 2027.The extension follows the exercise of an existing contract option…
Iran is deploying new tactics to target ships sailing through the Strait of Hormuz as it seeks to keep oil prices high and influence the US midterm elections, two senior Iranian officials told Reuters.Tehran has tried to exert control over the…