Constellation has signed an LOI with Karoon Energy for the Atlantic Star rig to conduct a 77-day workover at the Bauna field starting April 2026, valued at about $25 million.
ADES has completed its merger with Shelf Drilling, forming a combined offshore drilling company with more than 80 jack-ups and a $9.45 billion backlog as of June 2025.
Windcat and Damen launched the Innovation Series MP-ASVs, combining large-deck capability, subsea crane operations and low-emission systems, with construction beginning in 2026 and delivery in 2028.
Seatools has won a contract to provide two Fall-Pipe ROVs for Van Oord’s next-generation subsea rock installation fleet, aimed at safeguarding critical offshore infrastructure.
Seatrium secures its second deepwater FPU contract from BP for the Tiber Floating Production Unit (FPU) project, marking a continued partnership between the two companies in the Gulf of America.
ADNOC reaffirms its $150 billion investment plan to enhance production capacity and expand internationally. The company aims to become a top natural gas and petrochemical supplier.
Velesto Energy reports a $769 million tender book and focuses on securing long-term contracts. The company maintains strong fleet utilization in Malaysia, Thailand, and Indonesia, with a focus on operational excellence.
Equinor plans to drill 250 oil and gas exploration wells in Norway by 2035, investing $5.86 billion annually to maintain production levels, as fossil fuel demand continues globally.
The Philippines has opened its first offshore wind-specific auction, offering 3.3GW for 2028–2030 delivery and applying a coordinated milestone system covering ports, grid studies, and permitting.
