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Blogs forDecember 18th, 2025

DeepOcean seals IMR frame deal with Vår Energi

DeepOcean has secured a five-year IMR frame agreement with Vår Energi, covering subsea work across all operated assets on the Norwegian Continental Shelf, with options for up to four more years.

Michael Boyd takes helm at Dolphin Drilling

Dolphin Drilling has appointed former chief commercial officer Michael Boyd as CEO after the resignation of Jon Oliver Bryce, forming a new three-member executive leadership group with the COO and CFO.

Prosafe Lands 2027 LoI for Safe Caledonia

Prosafe has an LoI from Ithaca Energy for Safe Caledonia to deliver gangway-linked accommodation at the UK Captain field from Q2 2027, valued at about $30–$44 million with options.

Nexans to Supply 66kV Kit for East Anglia THREE

Nexans will supply 66kV cable accessories, including T-connectors and pre-terminated cables, to ScottishPower Renewables for the East Anglia THREE offshore wind farm about 69 km off the Suffolk coast.

ADNOC Secures up to $11bn for Hail, Ghasha Gas

ADNOC has signed a non-recourse structured financing of up to $11 billion for Hail and Ghasha in the Ghasha Concession, tied to midstream gas output targeting 1.8 bscfd and net zero offshore operations.

DNO Seals Exxon, Shell Offtake and USD 410 Million Funding

DNO ASA has placed its North Sea oil output with Exxon Mobil and Shell from 1 January 2026 and linked the deals to offtake financing of up to USD 410 million, lifting total facilities tied to North Sea output to USD 910 million.

Rostov Tanker Drone Attack Kills Two Seafarers

A tanker identified as Valery Gorchakov caught fire in Rostov-on-Don after a reported Ukrainian drone strike, killing two crew and highlighting rising risks to Black Sea shipping and seafarers.

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