Massachusetts has again pushed back completion of offtake contracts for Ocean Winds’ SouthCoast Wind and Avangrid’s New England Wind 1, now aiming for mid-2026 amid federal uncertainty under President Donald Trump.
Transocean secures new Brazil and Norway work for Deepwater Mykonos and Transocean Enabler, lifting firm backlog by about $168 million through contracts with BP, Equinor and Petrobras.
Agreement signed on 18 December 2025 launches BlueOOS to operate a semi-submersible and liftboat fleet, with a contract backlog exceeding $700 million and a focus on HSE-led delivery.
Gulf Marine Services has signed two separate two-year extensions for mid-size self-elevating support vessels operating in the GCC, announced on 30 December 2025 and 05 January 2026.
AF Offshore Decom signed a NOK 225–275 million contract with Ithaca Energy to dismantle and recycle a 23,000 t floating production platform from the UK North Sea in 2026.
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According to Reuters, PDVSA is shutting in wells and joint ventures as a US oil embargo freezes exports, fills storage, disrupts Russian diluent supplies and raises risks for refining and fuel markets.
Empire Offshore Wind LLC sued the U.S. Interior Department over the Empire Wind suspension order and will seek a preliminary injunction to keep construction moving while the case proceeds.
Seatrium says P-78 started producing on 31 December 2025, marking a full EPCC FPSO scope that includes at-sea commissioning, before Final Acceptance by Petrobras.
