VesselsĀ & RigsĀ Market

UKMTO issues four Hormuz attack alerts, Iran claims ADNOC tanker strike

The UKMTO has reported four more attacks on commercial ships in the Strait of Hormuz on 11 October, while Iran claims to have hit...

2002-built jack-up comes to Asian yard for MOPU conversion ahead of gas field deployment

Singapore-headquartered natural gas player Conrad Asia EnergyĀ is breathing new life into an aging offshore asset, with the arrival of a 2002-built jack-up rig at...

Inter-array cable installation about to start at 2.9 GW UK offshore wind farm

Seaway7 is expected to start installing inter-array cables at the Hornsea 3 offshore wind farm site in the UK in the coming days. According to...

Bimco moves to unlock energy-saving retrofit investment

A new Bimco contractual framework aims to remove a frequently-cited barrier to investment in energy-saving technologies by allowing shipowners and charterers to share the...

129 Gulf Platforms Evacuated as Isaias Gets Stronger

In a statement sent to Rigzone on Friday, the Marine Minerals Administration (MMA) revealed that personnel had been evacuated from a total of 129...

Yinson Production achieves industry-first non-Brazil FPSO project bond at $1.46 billion

Yinson Production has closed the largest FPSO project bond to date at $1.458 billion, marking the first-ever non-Brazil issuance for the asset class. Singapore’s Yinson...

Zim sale in balance as full-year forecasts soar

Sustained demand on Zim’s key service offerings on the Pacific have bolstered the company’s income, prompting an increase in its full-year profit forecasts. Zim’s updated...

Rockhopper pledges $44 million for oil project’s second Falklands-bound FPSO

Rockhopper Exploration, a UK-based oil and gas exploration and production company, has earmarked $44 million from its existing cash reserves to obtain a 35%...

$533 million lands on Arabian Drilling’s backlog for rig quartet deal

Arabian Drilling's backlog has surged to nearly $5 billion after a four-rig award from the Aramco-Kuwait Petroleum Corporation joint venture (JV). Arabian Drilling, described as...

Constellation’s greener drilling tech fetches ABS go-ahead as duo signs up for decarbonization quest

As offshore drillers up the ante on technological advancements to curb their carbon footprint, Constellation Oil Services, a Brazilian offshore drilling contractor, has seen...

$860M play for offshore oil assets powers Ithaca’s entry into Canadian energy game

Ithaca Energy is breaking into the Canadian market by buying Suncor's oil assets in shallow waters off the East Coast of Newfoundland and Labrador. UK-headquartered...

Yinson Production and Eni amplifying African FPSO’s gas capacity

Yinson Production has locked in a $600 million backlog boost after signing a contract amendment with Eni to overhaul an FPSO offshore Ghana With declining...

122-meter subsea vessel continues charter with Reach Subsea through March 2028

Norway's Reach Subsea has exercised the one-year extension option under the charter agreement with compatriot Havila Subsea & Renewables, previously known as Volstad Maritime,...

Seatrium picks up 9th FSRU conversion job with Karpowership

Seatrium and Karpowership are pooling resources for another LNG-to-FSRU conversion project to strengthen the global floating energy infrastructure Singapore-based offshore and marine engineering company Seatrium...

Borr Drilling’s rig trio lines up jobs in Africa and Europe

Three rigs from Borr Drilling's fleet have picked up new awards off the coasts of West Africa, Nigeria, and the United Kingdom (UK). Borr Drilling,...

BW Offshore and McDermott’s blue ammonia FPSO concept catches wind in its sails with DNV backing

DNV's blessing for this blue ammonia FPSO concept paves the way for unlocking scalable, low-carbon offshore energy production. U.S. offshore engineering and construction player McDermott...

TGS on 3D imaging mission to unlock new insights into Malaysia’s offshore discovery

Norwegian energy data and intelligence company TGSĀ has kicked off a high-resolution data upgrade to support future well planning and reservoir evaluation at an offshore...

22-year Cheniere-Petrobras LNG pact expands energy bridge between North and South America

Petrobras will buy around 0.8 million tonnes per annum (mtpa) of LNG from Cheniere for over two decades. As global energy markets continue to navigate...

Nuclear-powered LNG carriers could upend maritime shipping

A new study shows nuclear ship propulsion can cut costs and regulatory risks and examines the possibility of treating reactors as reusable assets. Sailing into...

South Korean players embark on small-scale LNG commercialization mission

Two South Korean companies, GasEntec and Samsung Heavy Industries (SHI), are pooling resources to commercialize small-scale liquefied natural gas (LNG) technology. The two companies have...

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