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Ørsted Offshore EBITDA Rises in Q1

Ørsted reported stronger offshore earnings in the first quarter of 2026 while continuing construction work across major offshore wind projects in the US, Europe, and Taiwan. EBITDA from the offshore …

DOF Group ASA has secured four long-term charter and service agreements in Brazil for newbuild ROV Support Vessels (RSVs), strengthening its position in the country’s offshore subsea market. The contracts, …

HMM Approves Busan Headquarters Move

HMM’s labor union has approved the relocation of the company’s headquarters from Seoul to Busan North Port, supporting the South Korean government’s plan to strengthen Busan’s maritime industry. The relocation …

RWE Offshore Wind Names New CEO

RWE Offshore Wind chief executive Sven Utermöhlen will step down on 30 September 2026, with Tobias Keitel appointed to succeed him from 1 October 2026. The company said Utermöhlen will …

Vår Energi has exercised a second option for the COSL Drilling Europe semi-submersible drilling rig COSL Pioneer. The extension continues existing drilling operations and reflects ongoing cooperation between the two …

Hormuz Crisis Traps Gulf Shipping

More than 1,000 vessels remain stranded across the wider Gulf region as normal commercial traffic through the Strait of Hormuz stays heavily restricted, according to the provided source. The disruption …

COSCO Qidong Completes Quay Expansion

COSCO SHIPPING (Qidong) Offshore has completed the main construction phase of its outfitting quay renovation and expansion project in Jiangsu Province, China. The project passed its final quality inspection on …

Valaris Sells DPS-1 for Recycling

Valaris has sold its 10,000-ft semisubmersible Valaris DPS-1 for recycling after the rig was placed for sale in February 2026. The unit is an F&G ExD design semisubmersible delivered by …

Valaris Backlog Reaches $4.9 billion

Valaris has secured new contracts and extensions, adding about $560 million to its backlog since its previous fleet status report on 17 February 2026. The latest awards increased total contract …

Norway Opens 2026 Offshore Licensing

Norway has launched APA 2026, offering 70 offshore exploration blocks for competitive bidding across the Barents Sea, Norwegian Sea and North Sea. The Awards in Predefined Areas round mainly covers …

Damen Shipyards Group has formed a joint venture with the Senegalese Government to operate Damen Shiprepair Dakar on the West African coast. The government is represented by Société des Infrastructures …

DOF Group ASA has been awarded a substantial contract for subsea commissioning support services in the APAC region. The offshore work will be carried out by Skandi Inventor in North …

Norway’s Equinor has started production from the Eirin field in the North Sea, adding new gas volumes to the European market through existing offshore infrastructure. The field is operated by …

Adnoc Drilling has completed its $204 million acquisition of an 80% stake in MB Petroleum Services, expanding its drilling services presence across Oman, Kuwait, Saudi Arabia and Bahrain. The transaction …

The International Maritime Organization (IMO) Net Zero Framework remains under negotiation after MEPC 84 in London, although formal adoption is still uncertain. The meeting ended on 1 May after five …

Italy-based Next Geosolutions (NextGeo) has increased its ownership in Rana Subsea to 82.5% after exercising a call option to acquire an additional approximately 7.1% stake. The latest transaction follows a …

The US Navy is assessing whether shipyards in South Korea and Japan could support future warship design and production as Washington seeks to expand fleet output and respond to China’s …

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