Italy's Saipem has been awarded a new offshore contract worth approximately $425 million by Turkish Petroleum OTC for additional work on the third phase of the Sakarya gas field development in the Turkish sector of the Black Sea.The contract includes engineering…
The holiday season would not feel complete without festive greetings from offshore industry companies - and once again, they have delivered.While most of us are busy wrapping presents, planning family dinners, and counting down the days to the New Year…
Saipem has been awarded two offshore contracts in Saudi Arabia, known as Contract Release Purchase Orders (CRPO), under its existing Long-Term Agreement with Aramco.The first contract (CRPO 162), with a duration of 32 months, encompasses the Engineering…
Ørsted has completed the divestment of a 50% stake in its 2.9 GW Hornsea 3 offshore wind project in the U.K. to funds managed by Apollo, closing a transaction first announced in November.The deal forms part of Ørsted’s broader funding plan and partnership strategy…
The Arab Shipbuilding and Repair Yard Company (ASRY) has completed several rig repair and upgrade projects for Saudi-based ADES Holding, strengthening the partnership between the two companies.In 2025, several ADES jack-up rigs underwent major works at ASRY’s facilities in Bahrain…
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)…
Sperra Seaworks Limited, in partnership with Bardex Energy UK Limited, has been awarded USD$1.35 million (£1 million) in funding through The Crown Estate’s Supply Chain Accelerator (SCA2) program to perform early-stage planning and engineering…
Singapore-based Mooreast Holdings has signed a memorandum of understanding with Norway-based rigging and industrial services group GMC Holdings to explore offshore wind and oil and gas opportunities in Norway and the wider North Sea.Under the non-binding agreement…
Norwegian offshore vessel owner and subsea services provider DOF Group has secured two contracts for its vessels and services in the Asia-Pacific (APAC) region.DOF signed a three-year frame agreement for the provision of subsea inspection, maintenance…
Subsea7 has secured a sizeable contract by LLOG Exploration Offshore for the Buckskin South Expansion project in the Gulf of America.The Buckskin field is located approximately 305 kilometres off the coast of Texas, in the United States.The…
Offshore construction firm Lamprell has secured four engineering, procurement, construction and installation (EPCI) contracts earlier in the Kingdom of Saudi Arabia.Across the four projects, Lamprell’s combined scope includes the installation of new platforms…
Italian engineering group Saipem has secured an offshore engineering, procurement, construction and installation contract in Qatar with a total value of about $4 billion, of which its share amounts to approximately $3.1 billion.The contract…
Asset protection technology and offshore energy services provider Tekmar Group has signed a contract worth over $9 million from an existing engineering, procurement and construction customer for a major U.K. offshore wind project.The AIM-listed…
Subsea engineering company TechnipFMC has won a substantial engineering, procurement, construction and installation contract from Italy’s Eni for the Coral North floating liquefied natural gas (FLNG) development offshore Mozambique.The contract covers subsea scope for Coral North…
Subsea7 has secured a contract by ConocoPhillips Skandinavia, subsidiary of ConocoPhillips, for the Previously Produced Fields (PPF) development, offshore Norway.Subsea7’s scope covers engineering, procurement, construction and installation (EPCI) of subsea structures…
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