OEG has expanded its offshore wind vessel fleet with the delivery of Fulmar, a new multi-purpose crew transfer vessel (CTV), following successful sea trials.The vessel will operate in U.K. waters and has secured its first charter in Scotland…
Equinor has completed its investigation into a well control incident on Odfjell Drilling's Deepsea Bollsta drilling rig in September 2025, classifying it in the company’s highest category of severity.The incident occurred during plugging operations…
European financial markets are under strain as the U.S.-Israeli war on Iran revives concerns about an energy supply shock exacerbating inflation.ING says the euro zone is the most exposed major economy to the conflict, making the region, which has benefited from investor diversification out of U…
Brent rose more than $3 on Tuesday for a third day of gains as the widening U.S.-Israeli conflict with Iran and threats to shipping via the Strait of Hormuz heightened fears of supply disruptions from the key Middle East producing region.Brent crude futures LCOc1 were at $80…
Dutch geological data specialist Fugro has announced its chief financial officer (CFO) Barbara Geelen will step down from the position.Geelen will step down from the Board of Management of Fugro per the close of the upcoming AGM, to be held on 23 April 2026…
Singapore-based Seatrium has delivered a next-generation wind turbine installation vessel (WTIV) to Maersk Offshore Wind, following the completion of sea trials and final readiness evaluations.The custom-engineered vessel is designed to install…
Venezuela can now pay for gas received from Eni with oil thanks to a recent easing of U.S. sanctions, unlocking a situation that had left the Latin American country with a large debt to the Italian firm, Eni's CEO said on Thursday.'That's really a big upside…
Dutch geological data specialist Fugro on Friday reported a 21 million euro ($25 million) annual loss reflecting challenges in the offshore wind industry and said its finance chief would step down in April.The Amsterdam-listed firm's consolidated revenue came in at 1…
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…
Norwegian oil and gas company Aker BP has extended a contract for Eidesvik Offshore’s platform supply vessel (PSV) Viking Prince.The firm period for the PSV has been extended with approximately two months, and will run to end of April 2026. No additional details about the contract were disclosed…
Deep Value Driller has agreed to sell its seventh-generation drillship Deep Value Driller to Eldorado Drilling for $300 million in cash, scrapping an earlier agreement to sell the vessel to Saipem for $272.5 million.The Oslo-listed company has…
Industrial services provider Bilfinger has secured two maintenance contracts in the United Kingdom, covering offshore operations at Ithaca Energy’s Cygnus gas field and onshore services at the St Fergus SAGE Terminal operated by Wood.The first…
Dutch offshore services provider Boskalis, in consortium with TKF Subsea Solutions, has signed a contract with OWP Gennaker, as developed by Skyborn Renewables, for the supply and installation of inter-array cables for the Gennaker offshore wind farm in the German Baltic Sea…
Odfjell Technology has agreed to acquire a 70% ownership stake in Kaseum Holdings and Razor Oiltools, two companies focused on lightweight intervention and plug and abandonment (P&A) services.The acquisition is aimed at strengthening Odfjell Technology’s position in technology-led…
Dutch offshore oil services company SBM Offshore announced a 57% annual surge in shareholder returns to a record $470 million (397.8 million euros) on Thursday and said it will return at least $2.1 billion to investors over six years.The Amsterdam…
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