Construction Vessel News


ABL Gets Papua New Guinea FSO Job

Jul 22, 2026

ABL has been awarded a contract by Oil Search (PNG), a subsidiary of Santos, to provide marine warranty survey (MWS) services for Papua New Guinea's first offshore floating storage and offloading (FSO) facility.The work will support the supply…

Velesto Frees Up Drilling Rig After Early Contract Termination off Indonesia

Jul 20, 2026

Malaysia-based offshore drilling contractor Velesto Energy has mutually agreed with PC Ketapang II, PC North Madura II and PETRONAS North Ketapang to terminate, without cause, a contract for the NAGA 8 jack-up drilling rig offshore Indonesia…

Sunda Energy Applies for Exploration Permit Offshore New Zealand

Jul 14, 2026

Sunda Energy has submitted an application for a new petroleum exploration permit covering an offshore area of New Zealand's Taranaki Basin as the company expands its focus on gas opportunities in the country.The proposed permit covers approximately…

Noble Gets $136M Brunei Drillship Job

Jul 13, 2026

Noble Corporation has secured a contract with unnamed client for its Noble Viking drillship, which will be engaged in drilling operations offshore Brunei.The contract comprises a firm scope of six wells, with an estimated contract value of approximately $136…

Tetragon Energy Advances Oil and Gas Exploration Activities off Philippines

Jul 13, 2026

Australia-listed Tetragon Energy has awarded a seismic reprocessing contract to DUG Technology as it begins the exploration phase of its offshore oil and gas program in the Philippines.The contract covers the reprocessing of four existing 3D seismic surveys spanning more than 4…

Eni and Petronas JV Extend Ventura Offshore’s Drilling Job in Indonesia

Jul 08, 2026

Eni Muara Bakau, a subsidiary of Eni-Petronas joint venture Searah, has extended a drilling job for Ventura Offshore’s SSV Catarina semi-submersible rig, operating offshore Indonesia.Eni Muara Bakau has exercised an option for a fourth well and a tophole in Indonesia for the the SSV Catarina…

Offshore Vessel Pair Ordered from Grandweld Shipyard

Jul 07, 2026

Bahri Logistics, a business unit of Bahri, the Kingdom’s leading shipping, maritime transportation, and logistics company has signed a newbuild agreement with Grandweld Shipyard for the construction of two offshore service vessels.The two vessels…

Israel Steps Up Mediterranean Gas Search

Jul 07, 2026

Israel has launched its fifth competitive process to search for more natural gas in the country's economic waters, Energy Minister Eli Cohen said on Monday, seeking to bolster domestic reserves while increasing exports.Israel's gas needs are served by a number of fields off its Mediterranean coast…

Gastech 2026 to convene global energy leaders in Bangkok as Asia accelerates demand, LNG investment and system transformation

Jul 02, 2026

Gastech 2026 will take place in Bangkok, Thailand from September 14-17, 2026, uniting global decision makers and energy leaders to address urgent supply security and system resilience priorities amid mounting geopolitical instability.Positioned…

MODEC Advances Construction of Brazil-Bound Gato do Mato FPSO

Jul 02, 2026

MODEC has completed the forward hull section of floating production, storage and offloading (FPSO) vessel Gato do Mato, marking a key construction milestone for the Brazil-bound offshore production unit.The forward hull section, built at Sumitomo…

Petronas Unit Probes Cause of Fire at Offshore Platform in Malaysia

Jun 29, 2026

Vestigo Petroleum, a subsidiary of Petronas Carigali, has contained a fire that broke out at its West Lutong Vent A (WLV-A) facility offshore Sarawak in Malaysia and launched an investigation into the cause of the incident.The fire occurred at about 2:00 p…

Floating Nuclear: A New Offshore Energy Frontier

Jun 25, 2026

For decades, floating nuclear power occupied a niche position in the energy debate – technically feasible, strategically intriguing, but commercially marginal. Today, however, combined pressures of decarbonization, energy security, land constraints…

Markets: Oil Majors Reload Exploration Hoppers Across Sub-Saharan Africa

Jun 25, 2026

Faced with declining production post-2030, across Sub-Saharan Africa (SSA), the Majors have started the process of reloading exploration hoppers. Targeting predominantly deep and ultra-deep waters, they have signed numerous agreements aimed…

Yinson Production Names FSO for Murphy's Lac Da Vang Project off Vietnam

Jun 24, 2026

Yinson Production has held a naming ceremony for the floating storage and offloading (FSO) unit PTSC Lac Da Vang ahead of the vessel's deployment to the Lac Da Vang oil project offshore Vietnam.The FSO vessel has been contracted to Murphy Cuu Long Bac Oil…

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