Dutch floating production specialist SBM Offshore raised its 2026 revenue guidance on Thursday after first-quarter directional revenue more than tripled, driven mainly by its turnkey business and the sale of One Guyana.The company sold One Guyana…
Norwind Offshore has doubled its fleet through the acquisition of six commissioning service operation (CSOV) vessels from Edda Wind.The transaction was completed in partnership with Navigare Capital Partners, the company said.The vessels have…
Fugro has secured a geotechnical site investigation contract by Copenhagen Infrastructure Partners (CIP) for the 600 MW FengMiao II offshore wind farm in Taiwan.The project forms part of Taiwan’s Round 3.2 offshore wind tender and supports the country’s target of reaching 13…
Deepwater production continues to remain a core part of the long-term energy supply mix. While production from conventional onshore and shallow-water assets is expected to remain broadly flat under our base case, Welligence estimates that global…
Bureau Veritas Marine & Offshore has launched an Offshore Center of Excellence in Asia Pacific to support offshore energy projects.The center will combine regional teams in Singapore, Shanghai and Kuala Lumpur with the company’s global technical…
Ocean services provider DeepOcean has secured a contract to support installation of inter-array cables at the TPC offshore wind farm phase 2 (TPC-II) off Taiwan.The scope includes installation of cables connecting turbines to offshore substations…
ABL has been appointed marine warranty surveyor for the 390 MW Shinan Ui offshore wind project in South Korea.The project is being developed by Shinan-Ui Offshore Wind, a consortium including Hanwha Ocean, SK Eternix, KOMIPO, Future Energy Fund and Hyundai Engineering & Construction…
AF Gruppen has acquired all shares in Claxton Engineering Services to strengthen its position in offshore decommissioning, life extension and offshore wind.The agreed enterprise value is $86.1 million (£63.5 million), with the consideration…
Petrobras has made the final investment decision (FID) for the SEAP I project in the Sergipe-Alagoas Basin, advancing development of the Sergipe Deepwater (SEAP) project, a new oil and gas frontier in Brazil.The approval follows the sanctioning of the SEAP II module in December 2025…
China Huaneng Group (CHNG) has connected the 504 MW offshore wind project off the Shandong Peninsula to the grid, which is now operating at full capacity.The Huaneng Shandong Peninsula North offshore wind farm comprises 42 turbines of 12 MW each…
Unmanned robotics services provider DroneQ Robotics and offshore support and vessel management Mark Offshore have struck a deal on the latter's new fleet addition 'R/V Mintis.' Mark Offshore manages and operates the DP1 ROV Support & Survey vessel…
Heerema Marine Contractors has completed the installation of the Hornsea 3 first jacket and offshore converter station in the North Sea ahead of schedule, marking a milestone for the UK offshore wind project.The work was carried out by the Sleipnir vessel…
Mark Offshore has agreed with Klaipėda University to operate the research vessel Mintis, expanding its fleet and strengthening its position in offshore renewables and subsea support services.Under the agreement, the Lithuanian university has…
SBM Offshore has secured contracts from ExxonMobil Guyana to carry out front-end engineering and design (FEED) studies for a floating production, storage and offloading (FPSO) vessel for the Longtail development offshore Guyana.The FEED award…
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…