Global newbuilding orders fell 45% month-on-month in May 2026 to 4.5 million CGT, while China and South Korea together held most of the market, according to Clarksons data.
All monopile foundations have been installed at South Korea’s 364.8 MW Yeonggwang Nakwol offshore wind farm, moving the project toward commercial operation later this year.
Serica Energy has completed its ONE-Dyas asset purchase, adding North Sea production of around 2,500 boepd, 3 million boe of 2P reserves and 0.5 million boe of 2C resources.
Global offshore wind capacity is forecast to reach 420GW by 2035 as GWEC urges governments to accelerate permitting, financing and supply chain development.
Biglift Baffin has arrived at Teesport carrying wind turbine sections from Bilbao. AIS data shows the vessel arrived on 10 June 2026.
Jiangnan Shipyard has delivered IVY COVE, the world’s first ordered 93,000 m³ VLAC, for EPS, with Trafigura set to charter the vessel.
PV Drilling has acquired an additional jack-up rig, tentatively named PV DRILLING X, to expand capacity and support growing offshore drilling demand in the region.
bp will reorganize its business into Upstream and Downstream divisions from 1 July, aiming to simplify operations, improve execution and strengthen shareholder returns.
Granada Cranes has secured two multi-year offshore wind maintenance agreements worth £3.5 million per year, covering cranes and davits at two major wind farm sites.
