Featured News
Shell Agrees to Buy 30% Stake in Bay du Nord Project
Shell has agreed to acquire 30% of Bay du Nord offshore Canada. Equinor will retain 70% and remain operator as the CAD 14 billion development moves towards an investment decision targeted for early 2027.
HD Hyundai Marine Solution Agrees $247 Million Goltens Acquisition
HD Hyundai Marine Solution has agreed to acquire Goltens for approximately $247 million, adding repair facilities and technical staff while retaining the company’s independent operating structure.
Rockhopper Commits $44 Million for 35% Stake in OSX-1 FPSO
Rockhopper Exploration has committed $44 million for a 35% interest in the OSX-1 FPSO, which Navitas Petroleum plans to deploy for the accelerated Central Development Area of the Sea Lion oil field.
Golar LNG Selects Grace Dahlia for Fourth FLNG Conversion at CIMC Raffles
Golar LNG has agreed to acquire Grace Dahlia from NYK Line for conversion into its fourth FLNG at CIMC Raffles in China. The $2.45 billion project targets 3.5 MTPA capacity and delivery in 2029.
Valaris Adds $220 Million in Offshore Drilling Contracts
Valaris has added approximately $220 million in offshore drilling contract backlog, including a PETRONAS exploration program in Suriname and new jack-up contracts and extensions in Australia and the North Sea.
Yinson Production Prices Record $1.458 Billion Bond for Agogo FPSO
Yinson Production has priced $1.458 billion in senior secured notes to refinance the Agogo FPSO offshore Angola, marking what the company describes as the largest FPSO project bond to date.
Equinor Raises Snøhvit Future Cost Estimate to $2.8 Billion
Equinor has raised the Snøhvit Future project cost estimate to NOK 26.5 billion ($2.8 billion) in 2026 value. The project is 60% complete, with compression and electrification schedules unchanged.
Korean shipbuilders face labor, FX and MASGA pressure despite strong profits
Korean shipbuilders are reporting strong profits and large order backlogs but face labor disputes, currency pressure and limited progress in Korea-U.S. shipbuilding cooperation.
South Korea and Japan Accelerate Shipyard Robotics as China Competition Grows
South Korean and Japanese shipbuilders are expanding robotics and smart-yard systems as labour shortages and competition from Chinese yards increase pressure on production.
