The floating rig market has long since crossed an inflection point incentivising the reactivation of cold-stacked tonnage, yet operators remain disciplined in their approach, according to new research by Maritime Strategies International.
 

South Korea’s HD Hyundai Heavy Industries Co., Ltd. said Monday in a stock exchange announcement that it had received a contract to build a floating production unit for a client in Mexico.

State-owned Jawaharlal Nehru Port Authority (JNPA) plans to build a mega port at Vadhavan near Dahanu in Maharashtra's Palghar district at an offshore location instead of the earlier onshore site, in a change that requires large-scale reclamation for which material will be sourced from sand borrow pits off the coast of Daman some 50 kms away. 

QatarEnergy said it signed a deal for stakes in two of ExxonMobil’s offshore explorations in Canada as the Qatari state-owned firm builds up its global energy portfolio.

AMA Research released the latest research publication on Global Offshore Supply Vessel market that provides up-to-date and peer-reviewed facts, figures and analysis of global developments in technology, policies, and markets. The survey with Offshore Supply Vessel manufacturers and stakeholders from key geographies, reveals various challenges with regulation, development, and growth scenarios.

Preparing the region’s marine and offshore industries to prosper through the clean energy transition was the focus at the ABS Southeast Asia Regional Committee Meeting.

A new fast crewboat has begun supporting decommissioning works in Brazil while one under development will be deployed at a new offshore wind project in Japan. Meanwhile, three firms have been awarded platform supply and service operation charters by clients in the Western European market.

The Telford Offshore group (“Telford Offshore” or “the Company”) announced today that it has been acquired by entities affiliated with Merced Capital. The acquisition represents the completion of the previously announced competitive sales process (the “Sales Process”). Telford Offshore is now wholly owned by Merced Capital.

TAQA Netherlands has reportedly emerged as Europe’s first oil and gas operator to execute an end-to-end uncrewed offshore integrity examination.

Damen Shipyards Group and Compagnie Maritime Monégasque (CMM) announced a two-year offshore support contract for Damen Fast Crew Supplier (FCS) 7011 Aqua Helix. The vessel will transport personnel to and from offshore platforms in support of an oil and gas decommissioning project. The 2022-built Aqua Helix arrived in Brazil on January 26 and is anticipated to commence work in the coming weeks.