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 Aramco’s suspension of over 30 jackup contracts by up to one year, the entry of newbuild rigs into the market without work to go to, and the deferment of several long-term deepwater drilling and plug and abandonment projects…
Wage talks involving some 7,000 oil drilling workers in Norway broke down early on Wednesday, two labour unions said, raising the risk of strike action later this year that could disrupt exploration.The talks between the Norwegian Shipowners'…
InterMoor, a provider of mooring services and a brand in Acteon’s Moorings and Anchors Business Line, announced the successful completion of multiple study packages for the planning, installation, operations, and maintenance of a commercial-scale floating windfarm in the United Kingdom…
Singapore's offshore services firm Kim Heng has held a christening ceremony for the Bridgewater Discovery, a DP2 geotechnical survey vessel, rebuilt in 2024.With the Bridgewater Discovery vessel, Kim Heng has marked another milestone in its expansion into the renewable business sector…
Aesen, in partnership with its Thailand joint venture Uniwise Offshore, marked a milestone in offshore boat innovation with the keel laying of the WIND Flyer Trimaran Fast Crew Boat. This event, held at Marsun Public Company Limited, represents…
The Offshore Infrastructure Regulator (OIR) has approved the feasibility stage management plan of Blue Mackerel North Pty Ltd for the Blue Mackerel offshore wind project off the coast of Gippsland in Victoria.The approval allows Blue Mackerel to begin feasibility activities…
Seadrill has announced its fourth quarter and full year 2024 results, highlighting a net income of $446 million and Adjusted EBITDA of $378 million in 2024.However, fourth quarter 2024 operating revenues totaled $289 million, compared to $354 million in the prior quarter…
First Marine Solutions (FMS) confirmed the acquisition of Aberdeen-based Andrews Hydrographics Ltd (Andrews Survey) for an undisclosed sum. Set to double the FMS headcount to 130 and result in a combined annual turnover of approximately £40million…
Corvus Energy will deliver a mega-size battery system for the first fully electric offshore vessel ever to be built. The vessel is an electric Commissioning Service Operation Vessel (eCSOV) that will be constructed by Armon shipyard in Spain for UK-based shipowner Bibby Marine Ltd…
All Energies Services Group (AES Group) has announced the acquisition of CWind Ltd, a market provider of offshore wind services, from private equity firm Inspirit Capital.This strategic acquisition marks a significant milestone in AES Group's…
Offshore drilling contractor Seadrill has completed the sale of the jack-up rig West Prospero for $45 million.The West Prospero is an independent leg cantilever jack-up with operational history in Northeast Africa and Southeast Asia.Built in 2007…
Petrobras has awarded contracts to Seadrill’s two ultra-deepwater drillships – West Jupiter and West Tellus – for work offshore Brazil.West Jupiter has been hired under a 1,095-day contract, following a competitive tender process. The contract…
Mooreast Holdings Ltd. announced today it will appoint Mr Eirik Ellingsen, a Norwegian with deep experience in the offshore and marine sector, as Chief Executive Officer (“CEO”) amid growing adoption of floating wind energy projects worldwide…
Offshore drilling contractor Seadrill has welcomed West Auriga and West Polaris drillships back to its fleet, which are now entering final preparations ahead of their assignments for Petrobras offshore Brazil.West Polaris and West Auriga are sixth and seventh generation ultra-deepwater drillships…
Offshore drilling provider Transocean is in talks to merge with rival Seadrill, Bloomberg News reported on Wednesday, citing people familiar with the matter.The companies are discussing the potential structure of the combination, it said.However…
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