Featured News
Borr Drilling JV Acquires Five Mexico Jack-Up Rigs for $287 Million
BC Ventures has acquired five jack-up rigs in Mexico for $287 million, increasing Borr Drilling’s owned and jointly owned fleet to 34 rigs.
Korea–U.S. Shipbuilding Partnership Center Opens in Washington
The Republic of Korea and the United States opened KUSPC in Washington, D.C., alongside 15 agreements covering shipyards, supply chains, workforce training and joint R&D.
Eni and TotalEnergies Take FID on Cronos Gas Project
Eni and TotalEnergies have taken FID on the Cronos gas project offshore Cyprus. Four subsea wells will tie back to Zohr, with the gas processed and liquefied at Damietta LNG.
Talos Energy to Acquire 50% Stake in Mexico’s Block 29
Talos Energy has agreed to acquire a 50% working interest in Block 29 offshore Mexico from Repsol, adding a pre-FID project with more than 200 million barrels of oil equivalent.
Apollo Commits $1.5 Billion to Keppel Offshore Rig Fund
Apollo has committed $1.5 billion to a Keppel-managed fund that will initially acquire six operational offshore rigs from Rigco Holding for about S$1.2 billion.
Chinese Shipyards Lead South Korea in 2026 LNG Carrier Orders
Chinese shipyards secured 34 LNG carrier orders by early July 2026, compared with 32 for South Korean yards, as limited Korean capacity affected contract allocation.
Saronic Selects Samsung Heavy Industries for Texas Shipyard
Saronic has selected Samsung Heavy Industries as production-technology partner for its planned $3.3 billion autonomous vessel shipyard in Brownsville, Texas.
COSCO Installs Yangjiang Sanshandao 2GW HVDC Station
COSCO SHIPPING Specialized Carriers used Xiang Tai Kou to complete the DP float-over installation of the 2GW Yangjiang Sanshandao offshore HVDC station.
Saipem Wins €800 Million Contracts in Ivory Coast and Italy
Saipem has secured contracts worth approximately €800 million for the Baleine Phase 3 offshore project in Ivory Coast and a new deoxygenation unit at Enilive’s Venice biorefinery.
