Activity News

Seaway7 has installed the first inter-array cable at Ørsted's 2.9 GW Hornsea 3 offshore wind farm in the UK North Sea, marking the start of a major cable installation campaign.The company will transport and install more than 536 kilometers of 66kV inter-array cables, connecting the wind turbines to offshore converter stations, Seaway7 announced on November 12.The scope covers 197 inter-array cables at Hornsea 3, which Seaway7 expects to become the world's largest offshore wind…

Oil prices edged up on Friday but were headed for a second weekly decline as the continued US focus on its blockade and economic pressure on Iran eased fears of renewed fighting in the Middle East, though shipping attacks remained a supply risk.Brent futures LCOc1 were up 53 cents, or 0.55%, to $96.35 a barrel at 0900 GMT. US West Texas Intermediate (WTI) futures CLc1 added 20 cents, or 0.23%, to $88.94 a barrel.For the week, Brent and WTI were both on track for a 2% drop. The benchmarks plunged 16% and 13%, respectively, last week."The market is range bound post midterms.

The Maritime and Port Authority of Singapore (MPA) has opened applications for licenses to operate up to two liquefied natural gas (LNG) floating storage units (FSUs) in Singapore anchorages, aiming to expand LNG bunkering capacity and strengthen supply resilience.The initiative follows the award of eight new LNG bunker supplier licences in July 2026 and is intended to diversify LNG storage and reloading options.Applications are open to existing LNG bunker licensees, which may…

SeaBird Exploration, a wholly owned subsidiary of SED Energy Holdings, has secured a contract for ocean bottom node (OBN) source work in West Africa, extending employment for its Fulmar Explorer vessel into 2027.The campaign will use the 2009-built vessel and is expected to last approximately six months, including mobilization and demobilization, Energy Holdings announced on November 12.Mobilization is scheduled to begin in December 2026. The company did not disclose the contract value…

Cadeler has signed an exclusivity agreement with an undisclosed client for the installation of wind turbines and foundations at a large-scale offshore wind farm in the UK, with the campaign expected to begin around 2030.The planned foundation installation campaign will use vessels from Cadeler's A-Class and O-Class fleets, while a P-Class vessel is expected to carry out wind turbine installation.The agreement covers both installation scopes, reflecting the early reservation of…

Techouse has secured a contract from Black & Veatch to supply heat recovery steam generation (HRSG) modules for Golar LNG's fourth floating liquefied natural gas (FLNG) project, with the system expected to reduce fuel consumption by 20-25% compared with conventional gas turbine-only systems.The contract covers two HRSG modules weighing approximately 1,000 tonnes each, along with supporting systems, Techouse announced on November 10.Techouse will deliver the equipment as a subcontractor to Black & Veatch…

Abu Dhabi-based industrial AI company AIQ and US maritime intelligence firm Quartermaster have signed a strategic collaboration agreement to explore AI-enabled maritime safety and security solutions for offshore energy operations.The agreement, signed during ADIPEC 2026 in Abu Dhabi, will initially focus on the United Arab Emirates, with plans to explore opportunities across the Gulf Cooperation Council (GCC) region and international markets.The collaboration will combine Quartermaster's SmartMast maritime sensor network with AIQ's expertise in offshore oil and gas operations…

Oil prices fell on Tuesday, extending losses from the previous session after US President Donald Trump downplayed the need for additional military action against Iran "at this point," easing fears of sustained supply disruptions from the Middle East.Brent crude futures LCOc1 declined 1.7% to $90.99 a barrel at 0759 GMT, while US West Texas Intermediate (WTI) futures CLc1 fell 1.8% to $85.20 a barrel.

ExxonMobil said on Monday it signed a memorandum of understanding with Venezuelan state oil company PDVSA to assess upstream oil opportunities, marking a potential return to the country nearly two decades after its assets were expropriated.The agreement is non-binding and does not commit Exxon to any specific project."This memorandum is a meaningful first step, but any future investment would require stable policies, clear regulations, strong investment protections and competitive returns," Exxon said in a statement.The company did not say which projects or oil areas it was evaluating.

ADNOC Drilling Company PJSC announced that Kuwait Petroleum Corporation Higher Procurement Committee (KPCHPC) has approved the award to ADNOC Drilling of two separate contracts for Rig 1 and Rig 2 under Tender No. RFP-2151011 for Kuwait Oil Company (KOC), relating to the provision and operation of two high-specification offshore jack-up rigs. The combined maximum value of the two contracts is USD$313.6 million (KWD 96,554,561.040). The approval marks ADNOC Drilling’s entry into…

DOF Group has secured a contract extension for its anchor handling tug supply (AHTS) vessel Skandi Mariner, keeping the vessel under firm contract until the third quarter of 2028.The extension follows the declaration of an option under the vessel's existing contract, which had previously been scheduled to expire in the second quarter of 2027.DOF classified the extension as significant, a category it defines as having a contract value between $15 million and $25 million.The Skandi Mariner, built in 2017, is a 95-metre vessel designed by Salt Ship Design 200, with accommodation for 52 people.

Heerema Marine Contractors has extended its global framework agreement with Fugro for another four years, securing continued survey and positioning support for its heavy-lift vessel fleet across offshore installation, decommissioning and wind projects.The renewed agreement runs from January 2027 through December 2030 and covers Fugro's positioning and survey services for Heerema's offshore operations worldwide.Fugro will provide Geo-data and positioning support for the transport…

MEYER WERFT is establishing the organizational and legal framework for the successful development of its offshore converter business. To this end, all activities in this new business segment of the Group will be consolidated in the coming weeks into a separate company, NEPTUN Offshore GmbH & Co. KG. This company will also hold the 50 percent stake in the Rostock-based joint venture NEPTUN SMULDERS Offshore Renewables (NSORe).With the contract awarded this year by the grid operator 50Hertz for the construction of two converter platforms in the North Sea (LanWin3 and LanWin6)…

CM Energy is progressing work on an integrated cable-handling and marine equipment package for a new Asso.subsea vessel, expanding its involvement in the European offshore wind market.The contract covers specialist cable-handling equipment and associated marine systems for the vessel, with engineering and manufacturing activities underway at CM Energy's facilities in China.Elements of the project also involve the European supply chain.Asso.subsea specializes in subsea cable installation…

Subsea7 has agreed to sell its Seaway7 heavy transportation business, comprising six semi-submersible vessels, to HEA Energy in a transaction linked to its proposed merger with Saipem.The sale covers six open-deck semi-submersible heavy transportation vessels, five of which are owned and one chartered from a third party.According to the Seaway7’s fleet information, the six heavy transportation vessels include Seaway Albatross Seaway Eagle, Seaway Falcon, Seaway Hawk, Seaway Osprey…

Vard has started construction of the UPO Atlantic commissioning service operation vessel (CSOV) for U-Ming Purus Offshore (UPO), following a steel-cutting ceremony at its Vard Vung Tau shipyard in Vietnam.The ceremony, held on November 2, marked the first construction milestone for the vessel, designated NB 1004 and based on Vard's VARD 4 19 design.The UPO Atlantic is being developed to support offshore wind projects in Taiwan and across Asia, as part of UPO's expansion into the…

BOURBON has taken delivery of the first of two new 34-meter crew boats from Grandweld Shipyards in Dubai, expanding its fleet of offshore personnel transport vessels.The first vessel was officially delivered on November 3 following successful sea trials.Designed to transport offshore personnel, the new vessels have capacity for 60 passengers, with business-class-style seating, a cruising speed of up to 38 knots and improved fuel efficiency compared with the previous generation…

Cadeler has signed a firm contract to support turbine transportation and installation at the 1.2 GW Dogger Bank C offshore wind project in the UK, with its newbuild Wind Apex wind turbine installation vessel (WTIV) scheduled to join the campaign in the third quarter of 2027.The contract will mark the first deployment of Wind Apex following its delivery from the shipyard, according to Cadeler.The vessel will work alongside the project's existing installation vessel, providing additional…

Dutch-based Jack-Up Barge, backed by the Van Es Group, has expanded its fleet with the three-legged accommodation and services jack-up unit JB 121, following a naming ceremony in Dalian, China.The ceremony took place on November 3 at Dalian Shipbuilding Offshore, ahead of the unit's scheduled departure for the Netherlands in early November.Jack-Up Barge, a company that provides support services across the offshore wind, oil and gas, and maritime infrastructure sectors, initiated the acquisition of JB 121 earlier in 2026 as part of its fleet expansion strategy…

Stillstrom by Maersk has completed the construction and factory acceptance testing of what it describes as the world's first 11 kV vessel-mounted connection unit designed to charge service operation vessels (SOVs) directly from offshore wind farms.The milestone, witnessed by DNV, marks the completion of testing for Stillstrom's Vessel Container Unit (VCU), a modular system designed to transfer electricity from offshore wind infrastructure to vessel batteries.The containerised unit houses an 11 kV connector package and can be installed at the bow…

Saudi state oil giant Aramco is working to expand a crude pipeline that circumvents the Strait of Hormuz as the world continues to experience the biggest energy supply shock in history, CEO Amin Nasser said on Tuesday.The effective blockade of the chokepoint that links the Gulf to world markets, previously a conduit for 20% of global oil supplies, has redrawn global energy flows and infrastructure investment priorities among the region's oil producers.Last month, Saudi Energy…

Hornbeck Offshore Services has signed multiple agreements with Shell to provide deepwater well intervention and marine support services in the U.S. Gulf of America, with operations scheduled to begin in 2027.The agreements cover riser-based well intervention, riserless well intervention stimulation support and marine transportation services, according to Hornbeck.Under the agreements, Hornbeck expects to deploy a riser-based well intervention vessel equipped with an Intervention Riser System (IRS) and remotely operated vehicles (ROVs)…

Oil fell nearly 4% on Monday as talks between Iranian and Qatari officials on a deal to end the US-Israeli war on Iran raised hopes that Middle East supply disruptions could ease.Iranian negotiators left Doha talks on Sunday, but not due to difficulties in negotiations, an official briefed on the meeting told Reuters on Monday."The new month brought with it renewed hopes of a breakthrough in the Iranian stalemate," said Tamas Varga of oil broker PVM.Brent crude futures LCOc1 fell $4.20…