The diplomatic route in Iran is now exhausted, as last night the United States and Israel attacked Iran, sharply escalating security risks for commercial shipping in the Persian Gulf and adjacent waters, prompting immediate operational and insurance repercussions across the global maritime sector…
Germany’s Ernst Russ has acquired two multi-purpose vessels, MV Ronnie and MV Charlie, as part of its long-term fleet strategy to expand exposure to the project cargo segment and strengthen predictable earnings.The Hamburg-based shipowner said…
The new Mission Specialist Wraith from VideoRay is a next-generation compact ROV that sets a new standard in subsea agility, power, and operational versatility. Featuring a ten-thruster design with true six-degrees-of-freedom control, Wraith…
Borr Drilling has reported a drop in revenue in its unaudited results for the three months and year ended December 31, 2025.Highlights include:•Fourth quarter total operating revenues of $259.4 million, a decrease of $17.7 million or 6% compared…
Offshore drilling contractor Transocean has secured contract awards and extensions totaling approximately $184 million for two of its harsh-environment semisubmersible rigs operating in Norway.The company said the fixtures represent about $184 million in firm contract backlog…
Norwegian offshore vessel owner and subsea services provider DOF Group has secured work for its anchor handling tug supply (AHTS) vessel in North Sea and platform supply vessel (PSV) in Australia.The contract for Skandi Skansen AHTS in the North Sea…
Offshore drilling contractor Transocean has agreed to acquire Valaris in an all-stock transaction valued at about $5.8 billion, creating one of the world’s largest offshore drilling contractors with a fleet of 73 drilling rigs.The combined company…
Fugro has started integrated nearshore site investigations for SSEN Transmission’s Western Isles High Voltage Direct Current (HVDC) Link, a power transmission project designed to transfer renewable electricity from Scotland’s islands to the UK mainland…
MacGregor has been selected to supply a substantial 400-tonne Active Heave Compensated (AHC) subsea crane for a new 127-meter Floating Wind Farm Construction Vessel (FWCV).Purpose-built for the burgeoning floating offshore wind market, the new…
Chevron has signed a memorandum of understanding, or an initial agreement, with the Syrian Petroleum Company and the Qatari firm UCC Holding to evaluate exploration for oil and gas offshore Syria, a spokesperson for the U.S. major said on Wednesday…
Rovtech has signed a strategic collaboration agreement with Unique Group to expand sales, service and support for its VALOR remotely operated vehicle (ROV) systems in the Middle East and Asia Pacific.Under the agreement, Unique Group will promote…
Provider of energy data and intelligence TGS has secured a 4D streamer acquisition contract in the North Sea, offshore Norway.A Ramform vessel is scheduled to mobilize for the survey in the second quarter of 2026, with the contract expected to run for approximately 65 days…
Offshore drilling contractor Noble Corporation has completed the sale of five jack-up drilling rigs to Borr Drilling for $360 million.Under the transaction, Noble generated approximately $210 million in cash and received $150 million in seller notes from the sale of the Noble Tom Prosser…
The Australian Government is progressing the state of Victoria’s offshore wind industry with Minister for Energy and Resources Lily D’Ambrosio announcing the Request for Tender (RFP) for Victoria’s first offshore wind industry auction which…
TGS, a provider of energy data and intelligence, has secured an additional ocean bottom node (OBN) contract in Europe.The company's node-on-a-rope crew will mobilize in mid-summer, with the project expected to run for approximately 30 days.The…
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