Panama ends flag access for aging tankers and bulkers amid shadow fleet concerns

Fincantieri’s WASS Bags $235M Torpedo Order from Indian Navy

Fincantieri, via its subsidiary WASS Submarine Systems, has secured a contract from the Indian Navy to supply Black Shark Advanced (BSA) heavyweight torpedoes for six Scorpène-class submarines in service with the fleet.The

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OE’s 2025 Top of the Festive Video Pops: Santa Goes Offshore

The holiday season would not feel complete without festive greetings from offshore industry companies - and once again, they have delivered.While most of us are busy wrapping presents…

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Saipem Lands $425M Turkish Gas Contract in Sakarya Expansion

Italy's Saipem has been awarded a new offshore contract worth approximately $425 million by Turkish Petroleum OTC for additional work on the third phase of the Sakarya…

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Saipem Awarded Two Offshore Contracts in Saudi Arabia at $600m

Saipem has been awarded two offshore contracts in Saudi Arabia, known as Contract Release Purchase Orders (CRPO), under its existing Long-Term Agreement with Aramco…

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Fincantieri's WASS Snags Torpedo Deal

Fincantieri’s underwater systems subsidiary WASS has secured its largest contract to date, winning an order from the Indian Navy to supply Black Shark Advanced (BSA) heavyweight torpedoes for the service’s Scorpène-class submarine

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Ørsted Closes $6B Hornsea 3 Offshore Wind Deal with Apollo

Ørsted has completed the divestment of a 50% stake in its 2.9 GW Hornsea 3 offshore wind project in the U.K. to funds managed by Apollo, closing a transaction first announced in

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ASRY Completes Multiple Rig Upgrades for ADES

The Arab Shipbuilding and Repair Yard Company (ASRY) has completed several rig repair and upgrade projects for Saudi-based ADES Holding, strengthening the partnership between the two companies…

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DOF Inks $150M ROV Support Vessel Contract with Petrobras

Norwegian offshore vessel owner DOF Group has secured a new four-year contract with Petrobras for the remotely operated support vessel (RSV) Skandi Commander.The contract was awarded following the same competitive tender process

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Nexans Sets Record with Deepest-Ever HVDC Subsea Cable Installation

French cable maker Nexans has set a new world record in the subsea power cable industry after installing a 500 kV high-voltage direct current (HVDC) subsea cable at a depth of 2,150

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Subsea Vessel Market Outlook 'Robust' for 2026

Throughout 2025 we have seen the subsea vessel market transitioning from a period of record highs towards a more cautious, but still fundamentally strong, outlook. While short-term activity and rates have softened

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FPSO off Brazil Stabilizing Production After Halt

Production at Brazilian state-run oil firm Petrobras' P-69 offshore oil platform, in the country's Tupi field, was temporarily interrupted due to a routine safety procedure…

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Surprise Gas Hit Adds Momentum to ConocoPhillips’ Australian Drilling Ops

An offshore gas exploration well operated by ConocoPhillips Australia has intersected unexpected gas in the Otway Basin off southeastern Australia, prompting a temporary…