Eastern Shipbuilding Group (ESG) completed and redelivered HOS Rocinante, a first-of-its-kind U.S.-flagged Service Operation Vessel (SOV) converted for Hornbeck Offshore Services.The vessel marks a milestone in the evolution of the U.S. offshore service fleet to be future-ready for both the offshore wind and petro-energy sector demands for broadly capable marine support vessels.Originally built by ESG as an offshore supply vessel…
Oil major BP is considering selling some of its natural gas assets in Egypt, four people close to the matter told Reuters, as new CEO Meg O'Neill restructures the group to cut debt and refocus on more profitable projects.BP has invested more than $35 billion in Egypt over six decades…
Helix Energy Solutions and Hornbeck Offshore Services have agreed to combine in an all-stock transaction to create an integrated offshore services company.Under the agreement, Hornbeck shareholders will own about 55% of the combined company…
Vietnam's domestic crude oil production is expected to decline this decade, according to a government document released this week, increasing the country's reliance on imports as its offshore fields mature and geopolitical tensions threaten global supplies…
The outlook for the offshore support vessel (OSV) business has brightened considerably since the dark days of the previous decade and is possibly in a “Goldilocks moment” — not too weak and not too strong. While strengthening, it has not yet reached the point of significant new vessel ordering…
MFE has launched MFE Offshore, a new division dedicated to subsea and offshore operations. Built to serve offshore oil and gas, offshore wind, and other maritime operators, MFE Offshore offers technology, expertise, and hands-on support.“Offshore inspections are incredibly complex…
When we interviewed Saronic Co-Founder and CEO Dino Mavrookas late last year, he insisted that Saronic's mission was to deliver commercially viable autonomous vessels first, and in turn parlay that into a ready package for defense. That vision…
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…
TotalEnergies EP Nigeria has signed a farmout agreement to sell to Star Deep Water Petroleum, a Chevron company, a 40% participation in the PPL 2000 and PPL 2001 exploration licenses, offshore Nigeria.Located in the prolific West Delta basin…
As oil exploration and production goes, so goes the market for Offshore Service Vessels (OSVs) and Platform Supply Vessels (PSVs). Throughout 2025, the prices of oil- which drives exploration and production (E & P), have softened, moving down…
Swedish offshore survey specialist Njord Survey has signed a long-term framework agreement with German transmission system operator (TSO) 50Hertz to support offshore wind development in Baltic Sea.Under the agreement, Njord Survey will deliver…
The first set of turbines at the 800 MW Dafeng offshore wind project have started delivering power to the Chinese grid.On July 4, China Three Gorges Corporation (CTG)’s offshore wind project in Dafeng, Jiangsu achieved its first grid connection…
Ocean Winds, a 50-50 joint venture by EDP Renewables and ENGIE, has selected P&Q to construct an onshore substation for its 500 MW BC-Wind offshore wind farm in Poland.The contract includes the design, construction, installation and commissioning of an onshore power station…
Cadeler’s Wind Peak jack-up vessel has completed the installation of the first 14 MW offshore wind turbine at RWE’s Sofia offshore wind farm, located on the Dogger Bank off the U.K. east coast.The turbine installation vessel, Wind Peak, from Cadeler…
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