The earliest wind farms installed in the EU are coming to the end of their planned 20-30-year lifespans.Current guidance, such as Article 60(3) of the United Nations Convention on the Law of the Sea and the OSPAR Commission’s Decision 98/3,…
The Norwegian Offshore Directorate has granted OMV (Norge) a drilling permit for two wildcat wells in the Norwegian Sea, which will be drilled with Odfjell Drilling-managed DeepSea Bollsta semi-submersible rig.The permit is for wellbore 6606/4-1 S and 6606/4-1 A in production license 1194…
Offshore drilling contractor Valaris has secured a $135 million contract for its Valaris DS-15 drillship, which will be put to work offshore West Africa.The five-well contract with an undisclosed client is expected to start in the third quarter 2026…
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…
Italian energy contractor Saipem has secured a $590 million contract by Eni in the U.K. for the Liverpool Bay carbon capture and storage (CCS) project.The contract the course of three years, required to complete the project, which reached financial close earlier in April…
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…
Offshore drilling contractor Vantage Drilling has received a conditional letter of award (CLOA) for the Platinum Explorer ultra-deepwater drillship, valued at approximately $80 million.The CLOA, with an undisclosed client and 90-day validity period…
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…
Saipem has signed a renewal for its framework agreement with Saudi Aramco. The Long-Term Agreement (LTA) now extends until the end of 2027.With the renewal of the LTA, Saipem is reconfirmed in the exclusive list of contractors selected by Saudi Aramco who are eligible to bid for work orders…
Iraq has signed a deal to establish a subsea oil pipeline for exports via its southern ports, the country's oil ministry said on Sunday.The project is in cooperation with Italian offshore contractor Micoperi and Turkey's Esta for a pipeline with capacity of 2…
U.S. offshore drilling contractor Noble Corporation has secured a contract extension with Petrobras for its Noble Discoverer semis-submersible rig offshore Colombia.Petrobras Colombia has exercised, extending the contract for Noble Discoverer rig for an additional 390 days…
Belgium-based offshore installation services company DEME has signed an agreement to acquire Havfram, an offshore wind installation contractor based in Norway, in a deal worth $985.5 million.The strategic acquisition aligns with DEME's ambition…
Libya's Mellitah Oil and Gas Company said on Tuesday Norwegian contractor Borr Drilling's Vali rig will start drilling eight offshore gas wells for the group soon, with the aim of producing 160 million cubic feet of natural gas per day.Mellitah…
Constellation, an offshore oil and gas drilling services provider in Brazil, has secured a new contract with Petrobras for the deployment of Admarine 511, a jack-up drilling rig owned by its commercial partner ADES Holding.The rig, operated by Constellation…
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…
