TWD worked with GEOCEAN during the preparation phase of Project Marine XII, focusing on subsea installation of a submerged swivel and yoke system for an FLNG development. The work began
BP and TPAO signed an MoU framing cooperation in oil and gas exploration, field development and infrastructure, with Iraq a priority and Libya also in view alongside regional project assessments.
CNOOC targets a 40% offshore wind capacity increase in 2026 to reach 3.5 GW, partnering with Ming Yang Smart Energy as falling costs and national targets accelerate China’s offshore wind build-out.
Tree C will develop a simulator for Jan De Nul’s methanol-fuelled cable-layer Fleeming Jenkin, enabling crew training on control systems and procedures ahead of subsea power cable work.
SLB won multiple Mubadala Energy contracts for Tangkulo deepwater drilling offshore Indonesia, supporting first gas targeted before the end of 2028.
The US Interior Department will appeal court injunctions that allowed five offshore wind projects to resume construction after stop-work orders issued on 22 December 2025, citing national security concerns.
SFL Corporation remains optimistic about securing new employment for the 10,000-ft harsh-environment semisubmersible Hercules. The rig has been warm stacked in Norway since completing an Equinor contract in Canada in November 2024.
Noble Corporation added about $1.3 billion in new offshore drilling awards across Guyana, Norway, Nigeria, Trinidad, South America, and the U.S. Gulf, lifting backlog to $7.5 billion while continuing jack-up divestments.
KOMIPO invests 96.1b won in the 390MW Shinan-Ui offshore wind project, with offshore construction due to start in April and commercial operation targeted for February 2029, supplying power for about 290,000 households.
