LATEST NEWS
Arabian Drilling Restarts Rigs, Kicks Off GCC Offshore Contract
Arabian Drilling restarted recalled rigs and scheduled another to begin on 2 March 2026, while launching its first GCC international offshore contract focused on exploration work.
Trump Offers U.S. Risk Insurance for Gulf Shipping
Trump ordered U.S. Development Finance Corporation to offer political risk insurance and guarantees for Gulf shipping after war-risk cover was withdrawn, and raised the option of tanker escorts.
Hormuz Transit Threat Puts Tanker Operations on Alert
Iran’s IRGC warned that the Hormuz route is closed and vessels attempting passage would be attacked, raising fresh operational and insurance risk for tanker trades.
Equinor Closes Investigation into Deepsea Bollsta Gas Release
Equinor completed its probe into the 23 September 2025 well-control event on Deepsea Bollsta at Troll, detailing a short gas release during casing cutting and follow-up measures.
Seaway7’s Seaway Eagle Completes Transport of Jack-Up Rig GMS Enterprise
Seaway7’s semi-submersible heavy transport vessel Seaway Eagle has completed the transport of jack-up rig GMS Enterprise from Dubai to Rotterdam, supporting offshore asset relocation.
Borun Jiuzhou Sets Record with 147 Blade Load at Beibu Gulf Port
Borun Jiuzhou completes loading of 147 wind turbine blades at Beibu Gulf Port, setting a new domestic single-vessel record with optimized stowage completed in 6.7 shifts.
Petronas Carigali Locks In Naga 2 on 60-Month Charter
Velesto Energy confirmed a 60-month charter for jack-up Naga 2 with Petronas Carigali, starting in February 2026. Contract value was undisclosed, with the deal expected to support utilisation and earnings visibility through 2030.
Philippines Opens GEA-5 Pre-Qualification for 3,300 MW Offshore Wind Auction
The Philippines DOE opened GEA-5 pre-qualification from 2–16 March 2026, launching the first offshore wind auction process. The round offers 3,300 MW for 2028–2030 delivery, with bidding set for late July–late September 2026.
East Anglia Three to Begin Turbine Installation Using Wind Osprey and Wind Pace
Cadeler will deploy Wind Osprey and Wind Pace to install 95 Siemens Gamesa 14+ MW turbines at East Anglia Three from around 18 March, with completion targeted in 3Q/4Q this year.
