BC Ventures, a 50/50 joint venture between subsidiaries of Bermuda-based Borr Drilling and CME as its long-term well construction partner in Mexico, has completed the acquisition of five jack-up rigs from Fontis Finance, an indirect subsidiary of Bermuda-headquartered Paratus Energy Services. For a
Singapore-based Keppel has set up a new private fund to which it will divest ten legacy rigs, as part of its announced monetization, with Apollo Global Management to invest $1.5 billion in the fund. Through its indirect subsidiary, Rigco Holding (RigCo), Keppel will divest six operational rigs this
Singapore’s offshore marine solutions company PACC Offshore Services Holdings (POSH) has secured a long-term diving services contract in the Arabian Gulf with an undisclosed client. The company’s diving support vessel (DSV) POSH Mallard will be deployed for the work that includes comprehensive satur
HD Korea Shipbuilding & Offshore Engineering (HD KSOE), the intermediary holding company for HD Hyundai’s shipbuilding business, has signed a definitive agreement with Siemens Digital Industries Software for the implementation of a next-generation marine platform that will digitally connect the enti
Allseas’ Solitaire, one of the world’s largest pipelay vessels, is heading back to sea following a ten-month renewal and upgrade program that further advances its installation capabilities and production efficiency. It was announced last year that the 397-meter-long vessel, operational since 1998, w
GTT Marine, a division of France’s Gaztransport & Technigaz (GTT), has been tasked with deploying its integrated vessel performance solutions across a fleet of liquefied natural gas (LNG) carriers (LNGC) on hire with Malaysia’s energy giant Petronas.
A floating storage and offloading (FSO) unit has left a shipyard where it was undergoing construction and set sail toward an oil field off the coast of Vietnam, Southeast Asia.
Chinese cable manufacturer Far East Cable has started construction of a new large-capacity multipurpose cable-laying vessel (CLV) at ZPMC’s shipyard in Shanghai, with the vessel set to support offshore wind, subsea interconnectors, and telecommunication cable installation projects. According to ZPMC
Italy’s engineering, drilling, and construction services giant Saipem has confirmed the wrap-up of an offshore installation campaign, which has put a new production platform in place at a multibillion-euro natural gas project in the Romanian waters of the Black Sea.
Norway’s DOF Group is selling four platform supply vessels (PSVs) and buying two construction support vessels (CSVs) as part of further fleet optimization and high-grading strategy. The PSVs Skandi Mongstad (2008-built), Skandi Flora (2009), Skandi Feistein (2011) and Skandi Kvitsøy (2012) are expec
Van Oord has wrapped up the rock installation works at the Hollandse Kust West VI offshore wind farm, owned and developed by Ecowende, a joint venture between Shell, Eneco, and Chubu Electric Power. Using its vessels Bravenes and Nordnes, Van Oord installed a total of 300,000 tons of rock that will
The first of four 120-meter-long offshore energy support vessels (OESVs) being built in China for Norwegian offshore services provider Sea1 Offshore has been launched at the yard. Sea1 Offshore placed the order for the first two OESVs with Cosco Shipping in November 2024, revealing at the time that
UK-headquartered Avenir LNG, an owner and operator of small-scale liquefied natural gas (LNG) carriers and LNG bunker vessels, has launched its new LNG bunkering vessel at Nantong CIMC Sinopacific Offshore & Engineering (CIMC SOE) in China.
UK-based wind-assisted propulsion provider Anemoi Marine Technologies has secured design assessment certificates from classification society Bureau Veritas covering several versions of its Rotor Sail technology. The approvals cover the fixed and rail-deployed 3.5m x 24.5m Rotor Sails, including EX-r
