Recent Posts
Deals•Feb 26, 2026
Odfjell Technology to Acquire Majority Stakes in Kaseum Holdings and Razor Oiltools
UK‑based Odfjell Technology announced it will acquire a 70% stake in Kaseum Holdings Limited and Razor Oiltools Limited, gaining operational control of the lightweight intervention and plug‑and‑abandonment businesses. The deal values the combined entities at an enterprise value of £38.5 million, with cash consideration of about £27 million, and is expected to close in the first half of March 2026.
Offshore Energy
Deals•Feb 20, 2026
EMEC Secures £15M Investment From UKRI to Expand Tidal Energy Test Facilities
The European Marine Energy Centre (EMEC) has secured a £15 million (≈€17.5 million) investment from UK Research and Innovation (UKRI), backed by the UK Government, to expand its tidal energy test facilities in Orkney. The Blue Horizon project will enable multi‑device tidal...
Offshore Energy
News•Feb 19, 2026
Six LNG Vessels to Sport GTT’s Tank Design
Gaztransport & Technigaz (GTT) secured tank‑design contracts for six new LNG carriers, four for Shandong Marine Energy via Jiangnan shipyard and two for Samsung Heavy Industries. Each vessel will carry roughly 174‑175,000 cubic metres of LNG using GTT’s Mark III Flex membrane...
By Offshore Energy
News•Feb 19, 2026
25 Rigs Out of Borr Drilling’s 29-Strong Fleet Either on Hire or with Jobs Lined Up
Borr Drilling now has 25 of its 29 jack‑up rigs either under bareboat charter or with confirmed jobs, covering regions from Southeast Asia to the Americas. The firm’s day‑rate equivalent backlog grew to $1.2 billion, reflecting more than 1,150 contracted days....
By Offshore Energy
Deals•Feb 19, 2026
Golden Energy Offshore Services Sells PSV for $27.25M
Norwegian vessel owner Golden Energy Offshore Services (GEOS) completed the sale of its platform supply vessel (PSV) Energy Partner for a gross price of $27.25 million. The transaction follows a binding sales agreement signed weeks earlier by GEOS’s subsidiary Energy...
Offshore Energy
News•Feb 17, 2026
Japan to Get Factory for Marine Hydrogen Engines in 2029
Yanmar Power Solutions, a Yanmar Holdings subsidiary, will construct an 8,000 m² factory on a 33,898 m² site in Amagasaki, Hyogo, to conduct test runs of marine hydrogen engines. Operations are slated to begin in March 2029, complementing the company’s recent ClassNK type‑approval...
By Offshore Energy
Deals•Feb 17, 2026
Saipem to Acquire Deep Value Driller's Seventh-Gen Drillship for $272.5M
Italian engineering and drilling services giant Saipem has agreed to purchase the seventh‑generation drillship from Norwegian owner Deep Value Driller for $272.5 million in cash. The deal was announced on February 17, 2026, with completion expected before the existing bareboat charter expires on...
Offshore Energy
Deals•Feb 16, 2026
Eco Wave Power Signs LoI with Wavefront Asset Management for Equipment Financing
Eco Wave Power has signed a non‑binding letter of intent with Wavefront Asset Management to provide structured equipment financing and leasing for its wave energy projects worldwide. The 36‑month LoI allows Wavefront to fund and lease Eco Wave Power’s equipment...
Offshore Energy