ID 16807291 © Sculpies | Dreamstime.com
Sixth-generation semisubs face declining rig values
An aging fleet, high reactivation costs, and declining demand have rig owners facing tough choices.
Courtesy Valaris Limited LinkedIn
VALARIS DS-16 drillship
HeliRy/ iStock/Getty Images Plus
FPSO hull dimensions and deadweight
Courtesy BlueNord
BlueNord offshore operations
ID 390656317 © MichailPetrov | Dreamstime.com
AI-generated offshore wind farm painting.
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Learning Resources

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March 28, 2025
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This is an overview ebook that explores the need for a Digital Lifecycle Excellence approach to capital asset management and delivery. It focuses on three key imperatives: Enterprise...
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Exclusive Content

ID 193294057 © Arild Lilleboe | Dreamstime.com
North Sea outlook: Activity gap between Norway and UK set to grow
Out to 2030, Norway is expected to attract $43 billion in E&P investment, while the UK is expected to bring in $11.3 billion.
July 8, 2025
Courtesy SLB OneSubsea
Illustration of raw water injection system.
This case study examines the drivers, implementation and potential longer-term implications of a broader roll-out of subsea injection systems.
July 8, 2025
Courtesy Velesto Energy Berhad
NAGA 5 rig
Malaysian company Velesto Energy Berhad is focusing on offline tasks, predictive maintenance and digital monitoring.
July 8, 2025
Courtesy COSL
COSLProspector semi-submersible drilling rig
Led by COSL, top contractors now claim 51% of the market.
July 7, 2025

Regional Reports

Courtesy Orcadian Energy
Orcadian Energy overview of licenses map.
Britain’s North Sea Transition Authority (NSTA) has approved an extension of Phase B of the P2482 license in the central UK North Sea, operated by Orcadian Energy.
July 8, 2025
Courtesy Valeura
Valeura progressing production-boosting campaigns at two fields offshore Thailand
A new drilling campaign on the Nong Yao field in offshore Block G11/48 should finish during Q4.
July 8, 2025
Courtesy Vår Energi
Gjøa semisubmersible production platform in the Norwegian North Sea
The companies have agreed on an engineering and installation approach for future subsea tiebacks to the Gjøa production platform.
July 8, 2025
Courtesy Draeger Marine & Offshore
Atlantica carrier
Draeger Marine & Offshore has supported recent CO2 injection tests for Perenco at the depleted Leman gas reservoir in the UK southern North Sea.
July 7, 2025

Pipelines

Courtesy Shana News Agency
Gas pipeline crossing in Persian Gulf.
Iran Gas Engineering and Development Co. has completed construction of a new 3-km subsea pipeline crossing beneath the seabed of the Persian Gulf.
June 27, 2025
Courtesy Strohm
Strohm TCP is being installed using a small vessel.
First gas exported from the Excelsior FSRU offshore northern Germany has flowed through Strohm’s thermoplastic composite pipe (TCP) system at the Wilhelmshaven 2 Green Gas terminal...
June 20, 2025
Courtesy bp
offshore Shah Deniz Alpha platform
bp and partners take FID on the next major phase of development of the giant Shah Deniz gas field in the Caspian Sea, involving the addition of compression.
June 3, 2025
Courtesy TechnipFMC
TechnipFMC advances Hybrid Flexible Pipe in collaboration with Petrobras
HFP technology said to offer a solution to CO2-induced stress corrosion cracking.
May 29, 2025

Vessels

ID 274651244 © Emils Vanags | Dreamstime.com
A tanker sails across the sea.
Samsung Heavy Industries has contracted Kongsberg Maritime to provide equipment for nine new DP shuttle tankers under construction for Greek shipowner Tsakos Group.
July 7, 2025
Courtesy Drilling HSE's YouTube
Admarine 12 capsizes in Gulf of Suez
At least four people died last week after a towing incident involving ADES Holding’s Admarine 12 drilling barge offshore Egypt.
July 7, 2025
Courtesy DNV, Jason Steanos
Offshore industry seeks to improve safety standards amid aging fleets.
The offshore industry must act decisively to improve safety standards amid an aging fleet.
July 3, 2025
Courtesy Seatrium
Karmol LNGT Powership Antarctica FSRU
Seatrium has secured an award of an FSRU conversion contract from Kinetics, an energy transition initiative by Karpowership.
July 3, 2025

Rigs

ID 73176624 © Witoon Muenhong | Dreamstime.com
silhouette of an offshore drilling rig.
ONGC has handed Shelf Drilling a three-year contract for the jackup J.T. Angel, with an estimated value of about $40 million.
July 3, 2025
Courtesy Velesto Energy Berhad
NAGA 5 offshore drilling rig
PTTEP HK Offshore has issued a letter of award to Velesto Drilling.
July 3, 2025
Courtesy Shelf Drilling
Shelf Drilling's High Island V is a 270-ft offshore jackup rig.
Shelf Drilling has gained a five-year extension to the contract for the High Island V jackup rig.
July 3, 2025
Courtesy Odfjell Drilling
Deepsea Yantai drilling unit offshore.
The Deepsea Yantai semisub has finished drilling a second appraisal well for ConocoPhillips Skandinavia on the 2020 Salgugle oil discovery in the Norwegian Sea.
June 25, 2025

Renewable Energy

Courtesy Lankhorst
Lankhorst High-Capacity Slings for Allseas Jacket Lifting System
Lankhorst Ropes has provided high-capacity, heavy-lift slings to Allseas’ Pioneering Spirit vessel for the recent transport and lowering of a 7,300-mt jacket for a converter platform...
July 3, 2025
Courtesy Empire Wind
the new ECO Liberty SOV launched in Louisiana.
The newly built ECO Liberty service operations vessel will support marine construction in the lease area and eventually house Empire Wind technicians when stationed offshore.
July 2, 2025
ID 389073770 © Dmitriiavramchik | Dreamstime.com
AI-generated offshore wind farm.
This will be the first project under the ScotWind lease process to secure both onshore planning permission and offshore consent.
July 1, 2025
ID 1106701 © Rodiks | Dreamstime.com
Offshore wind farm near Copenhagen, Denmark.
Nysted Offshore Wind Farm south of Lolland and Middelgrunden Offshore Wind Farm in the Sound will now be able to continue generating electricity for a further 10 years and 25 ...
June 27, 2025