Offshore Wind Vessel Demand Set to Rebound
25, May 2026
Offshore wind vessel demand is expected to rebound in 2026 as installation activity rises and WTIV utilisation recovers across key markets outside mainland China.
Offshore
Beach Energy Redirects $500 Million After Otway Plan Revision
25, May 2026
Beach Energy will redirect more than $500 million in planned Otway spending after revising development plans and restructuring its VIC/L35 portfolio.
Dajin Starts DNV-Certified Offshore Wind Jacket Prototype
24, May 2026
Dajin Heavy Industry has started building a DNV-certified three-legged offshore wind jacket prototype for 15 MW turbines and the North Sea market.
BP and ExxonMobil Approve Thunder Horse Pump Project
23, May 2026
BP and ExxonMobil have approved a subsea pump project at Thunder Horse, targeting approximately 15,000 barrels of oil equivalent per day in additional peak gross annual average production.
COSL Plans Major 57 New Offshore Vessel Expansion
23, May 2026
COSL plans to add 57 offshore support vessels including AHTS and PSV units under one of the largest domestic offshore fleet expansion programs in recent years.
Ørsted Advances Greater Changhua Offshore Grid Integration
23, May 2026
Ørsted completed energisation of all 66 array cables at Greater Changhua 2b and 4, while all 42 turbines at Greater Changhua 4 are now connected to Taiwan’s grid.
Subsea7 Secures Goliat Gas Export Work Offshore Norway
23, May 2026
Subsea7 has secured an EPCI contract from Vår Energi for the Goliat Gas Export Project offshore Norway, including pipeline installation and subsea infrastructure work in the Barents Sea.
RWE Starts Awel y Môr Surveys After UK CfD Award
22, May 2026
RWE has started offshore geotechnical and geophysical surveys for the 775 MW Awel y Môr offshore wind project in Wales after securing a UK AR7 CfD.
BP Expands Indonesia Offshore Portfolio
22, May 2026
BP has signed three offshore PSCs in Indonesia, adding Bintuni, Drawa and Barong interests as partners target future natural gas and LNG opportunities.
