Ørsted Offshore EBITDA Rises in Q1
6, May 2026
Ørsted reported higher offshore EBITDA in Q1 2026 as it advanced offshore wind projects in the US, Europe, and Taiwan while maintaining full-year guidance.
Offshore
Vår Energi Extends COSL Pioneer Rig Work
6, May 2026
Vår Energi has exercised a second option for the COSLPioneer semi-submersible drilling rig operated by COSL Drilling Europe.
RWE Offshore Wind Names New CEO
6, May 2026
RWE Offshore Wind CEO Sven Utermöhlen will step down on 30 September 2026, with Tobias Keitel taking over from 1 October.
Norway Opens 2026 Offshore Licensing
6, May 2026
Norway has opened APA 2026 with 70 offshore exploration blocks across the Barents Sea, Norwegian Sea and North Sea, with bids due on 1 September 2026.
Shell and Kosmos Plan 2027 Gulf Drilling
6, May 2026
Kosmos Energy and Shell plan to drill the Trailblazer prospect in the Gulf of America in 2027, targeting about 200 million boe gross.
Valaris Backlog Reaches $4.9 billion
6, May 2026
Valaris added about $560 million through new rig contracts and extensions, raising total backlog to around $4.9 billion after recent drillship and jack-up awards.
Valaris Sells DPS-1 for Recycling
6, May 2026
Valaris has sold Valaris DPS-1 for recycling after the 10,000-ft semisubmersible was stacked in Malaysia following its release from work offshore Australia.
Viking Supply Ships CEO to Step Down in August 2026
5, May 2026
Viking Supply Ships CEO Trond Myklebust will step down on 1 August 2026 as the offshore vessel owner continues to strengthen its AHTS fleet.
Nexans Names Cable Layer in Norway
5, May 2026
Nexans has named Nexans Electra at Ulstein Verft in Norway, with the cable laying vessel set to expand subsea installation capacity in 2026.
