GLOBAL NEWS SERVICE FOR THE FOSSIL AND RENEWABLE ENERGY COMMUNITIES
Milaha, which is planning to modernise its fleet, particularly offshore vessels, has laid out plans to strengthen its presence in Kuwait and Iraq, deepen trade flows between Asia and the Middle East, explore new trade opportunities in East and North Africa, and selectively expand operations in Saudi Arabia and the UAE.
[Read more…] about Milaha is strengthening its maritime positionSaipem’s planned acquisition of the drillship Deep Value Driller has been called off, as owner Deep Value Driller has now entered into a binding agreement to sell the 7th generation rig to Eldorado Drilling for $300 million.
[Read more…] about Deep Value Driller decides not to finalize agreement with SaipemSeawind Asia has received official grid connection agreements for three offshore wind projects in the Philippines: Frontera Bay (450 MW), Guimaras Strait (600 MW), and Guimaras Strait 2 (600 MW).
[Read more…] about Seawind Asia secures grid connection agreements in PhilippinesUK-registered Novastar Energy Holdings, a wholly owned subsidiary of UAE-based HEA Energy, has been awarded a vessel contract supporting the construction of the 1.5 GW Baltica 2 offshore wind farm in Poland.
[Read more…] about Novastar Energy secures contract for Poland’s Baltica 2 OWPVaalco Energy reported initial production of approximately 2,000 bopd from a new development well offshore Gabon and confirmed operatorship of a potentially material offshore project in Côte d’Ivoire.
[Read more…] about Vaalco takes 60% stake in 102-MMboe West Africa fieldOn 22 February 2026, Tidewater acquired Wilson Sons Ultratug and Atlantic Offshore Services in an all-cash deal valued at approximately $500 million, including the assumption of roughly $261 million in debt.
[Read more…] about Tidewater announces all-cash acquisition of Wilson Sons UltraTugAF Offshore Decom has been awarded a new contract by Heerema Marine Contractors (HMC) for the onshore reception, dismantling, and recycling of a production platform from the UK sector of the North Sea.
[Read more…] about Contract award for AF Offshore DecomSaipem has been awarded an additional offshore contract (Contract Release Purchase Order or CRPO) in Saudi Arabia under its existing Long-Term Agreement with Aramco.
[Read more…] about Saipem awarded new offshore contract in Saudi ArabiaMISC has secured a Bareboat Charter and O&M Contract for 15Y firm + 15Y options, to build and operate Papua New Guinea’s first floating storage and offloading vessel for ExxonMobil.
[Read more…] about MISC to build new FSO for ExxonMobilBorr Drilling reported a series of recent contract extensions and new assignments for several of its jack up drilling rigs.
[Read more…] about Borr Drilling secures new jack up work and extensions