Industry News

Hanwha Ocean has delivered the Wind Mover wind turbine installation vessel (WTIV) to offshore wind contractor Cadeler, completing the second vessel in the company’s M-class series about one month ahead of schedule.The vessel was formally signed over on November 28 and sailed away on December 2, following a naming ceremony at Hanwha Ocean’s shipyard in Korea.Wind Mover is the second of two WTIVs ordered by Cadeler in 2021, with the first vessel, Wind Maker, delivered in January 2025.

Miros and Marine Technologies (MT) have signed a memorandum of understanding (MoU) to collaborate on integrating advanced marine sensing technologies with MT’s vessel control and smart-ship systems, the companies said on Wednesday.The agreement, which involves no financial commitments, outlines the companies’ intent to combine Miros’ real-time ocean sensing, wave and current monitoring, and oil spill detection technologies with MT’s footprint in offshore vessel control and dynamic…

Oil majors operating in Brazil have closed ranks to oppose a proposed merger between energy contractors Subsea7 and Saipem, and antitrust agency Cade has asked the two firms to provide its probe with new data on Friday, public documents seen by Reuters show.The resulting new firm, to be called Saipem7, would have a strong enough position to impose additional costs, delay projects and pressure some clients into exclusive long-term contracts, Brazil oil industry group IBP said in a November filing to Cade.On Friday…

A consortium led by UK unmanned vessel developer ACUA Ocean has secured government support to develop a new 145-foot uncrewed offshore support vessel, aiming to scale up autonomous operations for offshore energy, logistics and surveillance.The Project MROS consortium, which includes Houlder, Ad Hoc Marine Designs, Trident Marine and the University of Southampton, received funding earlier this year under the UK Department for Transport’s Clean Maritime Demonstration Competition.

Global energy and marine consultancy ABL has partnered up with Egypt’s Petroleum Marine Services (PMS) to introduce a unified rig moving service in the Red Sea and Gulf of Suez, with the support of the Egyptian General Petroleum Corporation (EGPC).This milestone initiative supports Egypt’s strategic direction to enhance offshore operational efficiency, reduce downtime, and elevate the standards of marine and drilling logistics across two of the country’s most dynamic offshore basins.The new integrated service from PMS and ABL…

Floatel International has selected Semco Maritime’s Hanøytangen facility outside Bergen in Norway, to perform a series of modifications and service works on the Floatel Endurance rig ahead of an upcoming contract on the Norwegian Continental Shelf.Following completion of its current assignment in Canada, Floatel Endurance will sail across the Atlantic to Hanøytangen, arriving in the first quarter of 2026 for yard stay and energy optimization works.Under the contract, Semco Maritime will be in charge of thruster removal and overhaul…

Seatrium has issued a notice of arbitration against an affiliate of Maersk Offshore Wind, escalating a dispute over the termination of a contract for a wind turbine installation vessel (WTIV) intended for the Empire Wind 1 project in the United States.The move follows a notice of arbitration delivered by the buyer on October 21, one day after Seatrium notified the buyer that the vessel would be ready for delivery by January 30, 2026. The dispute will be heard in London under the…

Strategic Marine has delivered two 42-metre next-generation fast crew boats to NMDC LTS, marking the company’s first vessel delivery to the Middle East offshore services provider.The Generation 4 aluminium vessels were developed in partnership with Prima Marine of Thailand and designed with Southerly Designs to support offshore operations across the region. Strategic Marine said the delivery strengthens its growing footprint in the Middle East market.The fast crew boats feature a high-efficiency hull form, hybrid-ready systems and a reinforced cargo deck.

Canada's Prime Minister Mark Carney signed an agreement with Alberta's premier on Thursday that rolls back certain climate rules to spur investment in energy production, while encouraging construction of a new oil pipeline to the West Coast.Under the agreement, the federal government will scrap a planned emissions cap on the oil and gas sector and drop rules on clean electricity in exchange for a commitment by Canada's top oil-producing province to strengthen industrial carbon…

On November 25, 2025, at the Offshore Energy Conference in Amsterdam, Windcat signed a contract with Damen Shipyards Group for a new Multi-Purpose Accommodation Support Vessel (MP-ASV), with the option of five additional vessels of this type. To be known as the Innovation Series, the vessels will combine a large open deck with a subsea crane with fuel efficient operations and comfortable, high-quality accommodation for personnel working in the offshore energy sector for extended periods.

Solstad Offshore ASA (SOFF) has announced that the company has been awarded a new contract by PETROBRAS for the anchor handling tug supply vessel (AHTS) Normand Topazio.The contract has a duration of 4 years firm and is scheduled to commence in 1Q 2026. The vessel will support Petrobras operations in Brazil.The total gross value of the contract is approximately $73 million.

Vantage Drilling International Ltd. reported a net income attributable to shareholders of approximately $67.2 million or $4.97 per diluted share for the three months ended September 30, 2025, based on the weighted average shares outstanding, as compared to a net loss attributable to shareholders of approximately $10.6 million or $0.80 per diluted share for the three months ended September 30, 2024.As of September 30, 2025, Vantage had approximately $197.4 million in cash, including $35.0 million in pre-funding for upgrading the Tungsten Explorer…

Lebanon and Cyprus signed a long-awaited maritime demarcation deal on Wednesday, paving the way for potential exploration of offshore gas fields and energy cooperation in the Mediterranean.Lebanese President Joseph Aoun and Cypriot President Nikos Christodoulides signed the agreement at Lebanon's presidential palace and told reporters it would signal deeper cooperation between Lebanon, European Union-member Cyprus and the broader EU."This is a historical agreement, concluding an issue pending for many years and now look forward to what our countries can jointly create…

Windcat, part of CMB.TECH, has signed a contract with Damen Shipyards to build a new Multi-Purpose Accommodation Support Vessel (MP-ASV), with options for five additional units.To be known as the Innovation Series, the new class of offshore support vessels will combine a large open deck, subsea crane capability and fuel-efficient operations with accommodation for personnel working offshore for extended periods.Construction of the first MP-ASV is scheduled to begin in February 2026 at Damen’s Ha Long Shipyard in Vietnam, with delivery planned for 2028.

Thousands of U.K. jobs and billions in future tax revenue are at risk unless the government reforms the Energy Profits Levy (EPL), industry group Offshore Energies UK (OEUK) said ahead of the Autumn Statement.OEUK said statistical modelling shows that revising the 78% levy in 2026 instead of waiting for its scheduled expiry in 2030 would increase total tax receipts from £32.9 billion ($43.2 billion) to $63.9 billion (£48.6 billion) over the next decade, driven by higher employment…

Golar LNG Limited has announced that it has successfully closed and drawn a new $1.2 billion asset backed debt facility agreement with a consortium of banks including ABN AMRO, Citibank, DNB, Goldman Sachs and Standard Chartered Bank for the refinancing of FLNG Gimi. The new $1.2 billion bank facility replaces an existing bank facility with an outstanding amount of $627 million as at Q3 2025.The new debt facility has a 7-year tenor, 16-year amortization profile and will incur interest at SOFR plus a margin of 2.50% p.a.

Fugro has completed the geotechnical site investigations at the eastern array of Dogger Bank South Wind Farm, off UK.Fugro’s five-vessel campaign gathered core samples and cone penetration tests (CPT) data up to 50 meters below the seabed.According to RWE, which is developing the project together with partner Masdar, the results of the campaign will provide vital insights for designing turbine and platform foundations.Dogger Bank South (DBS) consists of two offshore wind farms - DBS East and DBS West - with an estimated combined capacity of 3 GW.RWE leads both DBS projects…

Lighting specialist Glamox has secured a contract to supply exterior marine LED lighting for four Offshore Construction Vessels (OCVs) commissioned by shipping company Seatankers.These highly versatile vessels can support all manner of offshore construction projects, from the construction and maintenance of offshore wind farms to the installation of subsea infrastructure and much more.Glamox is delivering a comprehensive package of exterior marine-certified LED lights for all four vessels.

Drydocks World has completed the full conversion and integration of the EMEM Floating production storage and offloading (FPSO) unit, delivering a key offshore asset to support production at Nigeria’s Okwok field.The FPSO, converted from double-hulled tanker, underwent structural modifications, marine system upgrades and the installation of 19 topside production and utility modules at Drydocks World’s Dubai facility.The unit was commissioned by World Carrier Corporation on behalf of Oriental Energy Resources for deployment its Okwok field in Petroleum Mining Lease 15.Once operational…

Jifmar Group has completed the transfer of Seacontractors’ fleet of 15 workboats, finalizing a deal signed in August and strengthening its presence in the Middle East and Indian Ocean.The vessels and associated teams formally joined Jifmar on November 19, the company said.The transaction also includes a six-month transfer services agreement under which Seacontractors will continue supporting fleet operations to ensure continuity for clients. The Dubai office team and the seafaring…

AD Ports Group and Abu Dhabi Future Energy Company – Masdar have signed a partnership agreement to collaborate on the development and delivery of offshore wind projects.Under the agreement, the companies will identify opportunities where AD Ports Group can serve as a key partner and contractor for Masdar global offshore wind initiatives.The parties will jointly determine technical requirements for Masdar projects and identify where AD Ports Group can deploy its extensive technical and logistical capabilities…

ABS issued an approval in principle (AIP) to Encomara for its Squid system, an approach that adapts proven disconnectable mooring technology to support floating offshore wind developments.The Squid system builds upon the established Disconnectable Turret Buoy (DTB) concept long used in floating production projects. By utilizing existing, well-understood offshore technology and installation methods, the system aims to enhance safety and reduce complexity during floating wind turbine installation and off-station operations.“The potential efficiency gains…

Equinor has extended the contract for Havila Shipping’s platform supply vessel (PSV) Havila Charisma.Equinor has exercised one year option for Havila Charisma until December 2026.According to Havila Shipping, Equinor has an option for one year thereafter, until December 2027.Havila Charisma is 2012-built PSV of Havyard 833L design. The PSV is 92.8 meters long, with a breadth of 19.6 meters.