UK-headquartered Odfjell Technology, a spin-off of Odfjell Drilling, has entered into agreements to acquire a majority stake in two businesses supporting lightweight intervention and plug and abandonment (P&A). Odfjell Technology will acquire a 70% ownership stake in Kaseum Holdings Limited and Razo
A joint venture (JV) of Technip Energies, as the leader, Consolidated Contractors Company (CCC) and Gulf Asia Contracting (GAC) has secured an engineering, procurement, construction and commissioning (EPCC) contract by QatarEnergy for the onshore LNG facilities of the North Field West (NFW) project,
Allseas’ new cargo barge Braveheart, built by the CIMC Changhong Shipyard, which held a keel-laying ceremony for the new vessel in April 2025, has now departed China for the Netherlands. Braveheart was purpose-built to fit precisely within Pioneering Spirit’s bow slot to enable seamless transfer of
U.S.-headquartered oil and gas exploration and production company Kosmos Energy has agreed to sell its 40.375% non-operating working interest in production assets offshore Equatorial Guinea to UK-headquartered independent E&P company Panoro Energy for up to $219.5 million. Panoro Energy is set to ac
Velesto Drilling, a wholly-owned subsidiary of Malaysia’s Velesto Energy, has secured a $16.5 million contract with the Malaysian unit of Singapore’s Jadestone Energy for the provision of a jack-up drilling rig. The contract will see the NAGA 8 rig support infill drilling activities at the East Belu
Malaysia-headquartered offshore support vessel (OSV) provider Nam Cheong has been awarded shipbuilding contracts, valued at $64.5 million, for two dive support vessels (DSVs) and two remote operated landing crafts (ROLCs) by a UAE-based maritime logistics company, marking its first newbuild contract
A partnership of Technip Energies, JGC and Samsung Heavy Industries (SHI) has secured a contract with Mozambique Rovuma Venture (MRV), an Eni-participated joint venture (JV), to progress work on Mozambique’s second floating liquefied natural gas (FLNG) facility. The contract, defined as significant,
Italy’s Saipem has secured a new offshore contract in Saudi Arabia worth approximately $500 million under its existing long-term agreement with the country’s energy heavyweight Aramco. Under the contract release purchase order (CRPO), Saipem’s scope of work includes the engineering, procurement, con
Wärtsilä Gas Solutions, part of technology group Wärtsilä, has been appointed to supply its cargo handling and fuel gas supply systems for two LNG bunkering vessels that are under construction in China. The vessels have a capacity of 20,000 m3 and are currently being built at the Zhejiang XinLe Ship
Energy and marine consultancy ABL has been selected for the provision of marine warranty survey services for the fourth phase of a gas field development offshore Egypt. ABL will deliver technical review and approval of all project documentation, procedures, drawings and calculations, as well as mari
Singapore-based offshore, marine, and energy solutions provider Seatrium is undertaking a series of additional divestments as part of its ongoing efforts to rationalize non-core assets, streamline operations, and drive long-term value for shareholders. Seatrium has divested a fleet of 17 tugboats in
U.S. offshore vessel operator Tidewater is set to see an increase in its global vessel fleet size to 231 units thanks to the acquisition of Brazilian shipping company Wilson Sons. Tidewater has entered into a definitive agreement to acquire all of the outstanding shares of Wilson Sons Ultratug Parti
Switzerland-based offshore drilling contractor Transocean has obtained multimillion-dollar assignments and extensions for seven mobile offshore drilling units (MODUs) from its rig fleet.
An environmental approval is paving the way for the development of a liquefied natural gas (LNG) project in Indonesia’s Masela block, which is expected to play a significant role in Asia’s energy security.
