Offshore News

 

Rig Retirements Set to Rise as Utilization Falls to Lowest Level Since 2021

May 04, 2025

The offshore rig market recovery appears to have taken a pause, with demand tapering off and marketed utilization hitting the lowest levels recorded since recovery began in 2021. A variety of factors have contributed to this – including Saudi…

DEME Concludes Havfram Acquisition

May 02, 2025

Belgium-based offshore installation services company DEME has completed the acquisition Havfram, an offshore wind installation contractor based in Norway, in a deal valued at approximately $1.02 billion (€900 million).The transaction, first announced in April 2025…

INEOS Set for May Launch of First European Built CO2 Carrier

May 01, 2025

The first European built CO2 carrier, dedicated for work at the Greensand carbon capture and storage (CCS) project, will be christened and launched on May 14, 2025.All ship sections of the vessel have now been successfully constructed and assembled…

Belgian Energy Island in North Sea Starts Taking Shape (Video)

May 01, 2025

TM Edison, a consortium of Belgian marine construction companies DEME and Jan De Nul, has installed the first two of a total 23 caissons in the Belgian North Sea, marking the start of construction for the Princess Elisabeth Island, the ‘world’s first’ artificial energy island…

Jan De Nul Installs First Foundation at RWE’s Thor Offshore Wind Farm

May 01, 2025

Jan De Nul has kicked off the installation campaign of the monopile foundations for RWE’s Thor offshore wind farm, completing the installation of the first of 72 monopiles with its heavy-lift vessel Les Alizés.When finished, Denmark’s largest…

INEOS, Covestro Agree Eight-Year LNG Gas Supply

Apr 30, 2025

INEOS and Covestro have signed a long-term agreement for the supply of natural gas for up to eight years, starting 2027.The agreement builds on INEOS' newly established LNG supply chain, and both companies' commitment to support European industrial competitiveness…

Solstad Offshore Secures Petrobras Contracts for Three Vessels

Apr 30, 2025

Norwegian offshore vessel operator Solstad Offshore has secured multiple contract awards with Petrobras, subject to board approval, for two large Anchor Handling Tug Supply (AHTS) vessels and one Construction Support Vessel (CSV).The AHTS vessels…

Guyana to Make Companies Liable for Oil Spill Damages

Apr 29, 2025

Guyana's government has submitted an oil pollution bill to the Parliament proposing to make responsible parties liable for damages caused by oil spills, including from vessels, according to a copy of the act published in the Official Gazette…

Petrobras Aims to Lure Chinese Investments to Brazil's Naval Sector

Apr 29, 2025

Brazilian state-run energy giant Petrobras seeks to attract fresh Chinese investments to Brazil's oil and gas sector, especially in the naval sector, it said on Tuesday, as Chief Executive Magda Chambriard visits the Asian country.Chambriard and President Luiz Inacio Lula da Silva's chief of staff…

Noble Reports Strong Outlook, New Contracts

Apr 28, 2025

Noble Corporation has reported that its contract drilling services revenue for the first quarter of 2025 totaled $832 million compared to $882 million in the fourth quarter of 2024, with the sequential decrease driven primarily by the benefit…

GLO Marine, VMS Group Land Multi-Vessel Retrofit Job for Tidewater

Apr 28, 2025

GLO Marine and VMS Group Denmark have secured a multi-vessel retrofit work for offshore support vessel operator Tidewater, expanding their role in the offshore energy sector.Covering 16 vessels across three continents, including several in U…

ScottishPower's Monopile Installation Sets Foundation for Record-Breaking Offshore Windfarm

Apr 25, 2025

The offshore construction program for ScottishPower’s biggest-ever renewables project is officially underway with the installation of the first foundation for the green energy company’s USD$5.3 billion (£4 billion) East Anglia THREE offshore windfarm…

ASRY, AtkinsRéalis Sign MoU on Offshore Wind Energy Projects

Apr 24, 2025

The Arab Shipbuilding and Repair Yard Company (ASRY) has signed a memorandum of Understanding (MoU) with AtkinsRéalis, an engineering services company with capabilities in the net zero energy sector. The signing took place earlier this April…

Black & Veatch Hires Norwegian Logistics Firm for Two FLNG Projects

Apr 24, 2025

Marinetrans, a Norway-based logistics specialist for the maritime and offshore industries, has secured the project logistics contract from Black & Veatch for two floating liquefied natural gas (FLNG) vessel construction projects.Under the contracts…

Saipem First-Quarter Profit Jumps 31%

Apr 23, 2025

Italian energy contractor Saipem said on Wednesday its first-quarter core earnings jumped 31% year on year driven by the group's offshore engineering and construction activities.Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) came in at 351 million euros ($398…

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