Vessels News

The FPSO P-78 can produce up to 180,000 barrels per day and will increase the gas supply.Petrobras began oil production from the P-78 floating production, storage and offloading (FPSO) vessel in the Búzios field, in the pre-salt layer of the Santos Basin, this Wednesday, December 31, 2025. Búzios 6 (P-78) has the capacity to produce 180,000 barrels of oil and 7.2 million m³ of gas per day. The FPSO will increase the field's installed production capacity to approximately 1.15 million barrels of oil per day.

China received 22 shipments of liquefied natural gas (LNG) last year from two export projects in Russia sanctioned by the United States and European Union, shiptracking data showed.One shipment was from Portovaya and the rest were from the Arctic LNG 2 project, showed data from Kpler and LSEG.The U.S. and EU have sanctioned the projects to curb revenue reaching Russia following its invasion of Ukraine.Chinese state-owned China National Petroleum Corp (CNPC) and China National…

While challenges linger from the 2025 offshore rig market, there are signs it will look brighter from late 2026 onwards.Main Events of 2025One of the biggest talking points of 2024 and 2025 was Saudi Aramco’s suspension of 36 jackups from April 2024, but by 3Q 2025 21 units had been re-deployed into other regions of the world. Fast forward to today, the national oil company (NOC) has confirmed it will restart work with eight of the remaining suspended rigs in early 2026. It has…

Asian spot liquefied natural gas prices started the year steady, as muted regional demand and ample supply kept the market flat following a 34% slump in 2025.The average LNG price for February delivery into Northeast Asia LNG-AS was estimated at $9.60 per million British thermal units (mmBtu), unchanged from the previous week, industry sources said."Market conditions remain relatively calm and are largely dominated by bearish sentiment," said Siamak Adibi, director for gas and LNG supply analytics at consultancy FGE…

Norwegian offshore vessel owner DOF Group has secured a new four-year contract with Petrobras for the remotely operated support vessel (RSV) Skandi Commander.The contract was awarded following the same competitive tender process that led to six previous four-year RSV contracts announced earlier.The Skandi Commander will be equipped with both a Remote Operated Vehicle (ROV) and an Autonomous Underwater Vehicle (AUV), the latter being a unique feature of this agreement.The contract…

Throughout 2025 we have seen the subsea vessel market transitioning from a period of record highs towards a more cautious, but still fundamentally strong, outlook. While short-term activity and rates have softened in the latter part of the year, long-term demand - driven by deepwater projects and global energy infrastructure- remains robust. The market is watching closely how the influx of newbuilds and ongoing corporate consolidation will shape competition and vessel availability…

The White House has ordered U.S. military forces to focus almost exclusively on enforcing a "quarantine" of Venezuelan oil for at least the next two months, a U.S. official told Reuters, indicating Washington is currently more interested in using economic rather than military means to pressure Caracas."While military options still exist, the focus is to first use economic pressure by enforcing sanctions to reach the outcome the White House is looking (for)," the official said on Wednesday…

Iran has seized a foreign oil tanker near the Iranian island of Qeshm in the Gulf, saying it was carrying 4 million litres of smuggled fuel, state media reported on Friday.Authorities did not name the vessel or disclose its nationality. They said 16 foreign crew members had been detained on criminal charges.

Norwegian offshore vessel owner Eidesvik Offshore has secured a contract for its Viking Princess platform supply vessel (PSV).The contract has been signed with operators DNO Norge, Sval Energi, which is another DNO subsidiary, and Wellesley Petroleum covering a campaign with the Deepsea Yantai drilling rig.Estimated at 300-365 days, the work relates to plugging and abandonment of one well and drilling of four consecutive wells and is scheduled to start in January 2026.Built in 2013, Viking Princess in 89,6 meters long, with a beam of 21 meters.

Mitsui O.S.K. Lines (MOL) has secured an approval in principle (AiP) from ClassNK for the basic design of specialized vessels to joint and bury subsea power cables.MOL is working with Sumitomo Electric Industries, Furukawa Electric and Nippon Yusen Kabushiki Kaisha (NYK Line) to develop fundamental technologies-including a new type of cable-laying vessel-as part of a project subsidized by the Japanese government's New Energy and Industrial Technology Development Organization (NEDO).One of MOL's roles in this project is to develop technologies for cable jointing and burial vessels…

Gulf Marine Services (GMS), a provider of jack-up support vessels to the offshore energy industry, has secured a contract covering two of its large-class vessels in Europe.The contract spans a total of 1624 days and will see the vessels continue to support offshore operations across the region.Following this award, GMS’s contracted backlog has increased to $540 million, according to the company.“We are delighted to have secured this contract, which once again highlights the strong…

Norwegian offshore vessel owner and subsea services provider DOF Group has secured two contracts for its vessels and services in the Asia-Pacific (APAC) region.DOF signed a three-year frame agreement for the provision of subsea inspection, maintenance and repair services with associated assets in the APAC region.A call off under the contract has also been confirmed and will utilize DSV Skandi Singapore and all related diver-less subsea services on a brownfield tieback campaign…

Singapore-based Seatrium has resolved its dispute with an affiliate of Maersk Offshore Wind, over the delivery of a wind turbine installation vessel (WTIV), originally intended for Equinor’s Empire Wind 1 project in the United States.Under the agreement Seatrium Energy reached with Maerk’s affiliate Phoenix II A/S, the parties will discontinue all legal proceedings related to the contract, agreeing to deliver the vessel by February 28, 2026.The settlement follows months of dispute after Phoenix II issued a termination notice in October 2025…

Offshore seismic services firm Shearwater Geoservices has finalized the preparations for the upcoming start of a new multi-client seismic project offshore Nigeria.The 3D survey is backed by significant industry funding and will be executed in partnership with Harvex Geosolutions and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).The project is scheduled to start at year-end 2025 and will be carried out by Shearwater’s high-end vessel SW Duchess over an expected two-month period.The survey will provide high-resolution subsurface data across the Western Niger Delta Basin…

Norwegian offshore vessel owner and subsea services provider DOF Group has secured several new project awards in the Atlantic region and a separate contract in North America with Shell.The Atlantic region awards, amounting to over $60 million, will be executed primarily using DOF’s regional fleet during the fourth quarter of 2025 and the first quarter of 2026. The contracts represent more than 250 firm vessel days, excluding optional work.In West Africa, DOF will deploy Skandi Hera and Skandi Master under direct contracts with an operator.

Subsea7 has secured a sizeable extension of an existing frame agreement by Equinor for subsea inspection, maintenance and repair services using the vessel Seven Viking.The extension continues a frame agreement first signed in 2018 and runs through the end of 2027.Under the terms of the deal, Seven Viking will carry out inspection, maintenance and repair services at Equinor’s oil and gas wells across the Norwegian Continental Shelf.Project management and engineering work will continue to be handled from Subsea 7’s office in Stavanger…

Saipem has obtained ISO 55001:2024 certification, the international standard for asset lifecycle management, marking a significant milestone in its journey towards operational excellence and offshore sustainability.The certification, issued by DNV, confirms Saipem’s Asset Management system compliance with the most advanced requirements, covering all operational phases - design, procurement, installation, commissioning, maintenance and decommissioning, ensuring a robust and effective “Asset Integrity” framework.The certification applies to Saipem’s entire offshore asset portfolio…

Norwegian offshore supply vessel owner DOF Group has secured seven new contract extensions with Petrobras for its offshore support vessels (OSVs) in Brazil, valued over $160 million.Five of DOF's Brazilian-flagged anchor handling tug supply (AHTS) vessels, all with ROVs on board, including Skandi Fluminense, Skandi Paraty, Skandi Angra, Skandi Urca and Skandi Iguaçu, have had their current contracts with Petrobras extended until the first quarter of 2027.The new four-year contracts…

Eastern Shipbuilding Group (ESG) launched the first of the four Saltchuk escort tugs.“We are proud to advance this important project for Saltchuk Marine and look forward to continued progress as we move toward delivering these high-quality escort tugs,” said Joey D’Isernia, CEO of Eastern Shipbuilding Group, Inc. “These four vessels set a new maritime standard that will positively impact the industry by meeting new rigorous environmental requirements.” said Jason Childs, Saltchuk…

VARD has recently signed an agreement (MoU) with the major Norwegian research institute NORCE, establishing a strategic partnership to cooperate on research and innovation.The agreement encompasses topics such as design, construction, on board and underwater maintenance and drone technology for ships and subsea technology, with particular focus on the planned standardized vessels of the Norwegian Navy. Furthermore, remote control solutions for lean-manned vessels, zero-emission energy technologies…

Danish offshore wind installation firm Cadeler has launched its Wind Ace wind turbine installation vessel (WTIV) newbuild at the COSCO Qidong yard in China.With the launching complete, Wind Ace has moved into the final construction phase, which entails installation of the remaining leg sections, the main crane, and the start of commissioning activities.According to Cadeler, Wind Ace A-Class WTIV will be delivered to the company in 2026, and will become the 11th vessel in its expanding fleet of wind turbine installation vessels.“Thanks to close collaboration between our local Cadeler site team…

U.S. President Donald Trump ordered on Tuesday a "blockade" of all sanctioned oil tankers entering and leaving Venezuela, in Washington's latest move to increase pressure on Nicolas Maduro's government, targeting its main source of income.It is unclear how Trump will impose the move against the sanctioned vessels, and whether he will turn to the Coast Guard to interdict vessels like he did last week. The administration has moved thousands of troops and nearly a dozen warships - including an aircraft carrier - to the region."For the theft of our Assets…

Danish vessel owner ESVAGT has completed the acquisition of Breeze Enabler and Brint Enabler Service Operation Vessels (SOVs) from Edda Wind through a 100% share purchase agreement of the two Spanish vessel owning entities.The SOVs are on long-term contracts with customers Ocean Breeze in Germany and Vestas in UK.The contracts for both Breeze Enabler and Brint Enabler have been novated to ESVAGT for continued operations and the crew onboard has been offered employment with ESVAGT.“We…