Topic
contract
Logistics Golden Energy Offshore Secures UK North Sea PSV Contract Worth Up to £10m
Norwegian offshore vessel owner Golden Energy Offshore Services (GEOS) has secured a term contract for its 2015-built PSV Energy Pace with an unnamed first-class international charterer. The firm period covers nine wells (~319 days) with options for eight more, total potential value of £10m ($13.3m). Operations will take place on the UK Continental Shelf.
Logistics Wärtsilä signs five-year lifecycle contract for Turquoise P FSRU in Turkey
Technology group Wärtsilä has signed a five-year lifecycle agreement with Ireland-based Pardus Energy to support the Turquoise P FSRU at the ETKI LNG terminal in Turkey. The contract includes dedicated management, maintenance planning, and spare parts to improve operational readiness and prepare for major overhauls.
Commodities Noble Corporation Wins $136M Drillship Contract for Offshore Brunei Operations
Offshore drilling contractor Noble Corporation has won a $136.2 million contract to deploy the 2014-built drillship Noble Viking for an undisclosed customer in Brunei. The firm scope covers six wells with options for three more, beginning in early 2028 for approximately 296 days. The Noble Viking is currently finishing a campaign in Papua New Guinea, followed by another in Malaysia.
Manufacturing Navistar Defeats $16.5M Lawsuit Over Delayed Truck Deliveries
A Michigan federal jury sided with Navistar, rejecting a $16.5 million lawsuit by GLS LeasCo and Central Transport over delayed deliveries of 1,100 International tractors. The jury found Navistar not liable for damages, ending a multi-year dispute over production schedules and supply-chain disruptions.
Commodities Unity Expands into Asia with Rigless Intervention Contract in Malaysia
Aberdeen-based well-integrity specialist Unity has entered the Asia-Pacific market with a three-well rigless intervention contract in Malaysia, partnering with Reservoir Link for an international offshore operator. The deal deploys Unity's surface intervention system (SIS), which eliminates the need for support vessels and is suited to ageing assets. This marks a strategic step in Unity's regional expansion.
Logistics Windcat Secures Long-Term Crew Transfer Vessel Contracts with Ørsted for UK Offshore Wind Operations
Windcat, part of CMB.TECH, has signed firm five-year contracts (with optional extensions) to supply seven crew transfer vessels (CTVs) to support Ørsted's offshore wind farm operations based out of Grimsby. The vessels, a mix of four 12-seaters and three 24-seaters, will serve Ørsted’s Generation UK Hub, which operates six offshore wind farms.
Logistics Performance Shipping Lifts Aframax Earnings with Two-Year AET Charter Extension at Higher Rates
Performance Shipping has extended the charter of its aframax Blue Moon with AET for two years at an average rate of $40,500 per day, up from $28,000. The deal will generate about $29m in gross revenue and boosts the company's contracted revenue backlog to over $530m.
Commodities TotalEnergies Awards Halliburton Integrated Drilling Contract for GranMorgu Offshore Suriname
Houston-based Halliburton has secured integrated well construction contracts from TotalEnergies for the GranMorgu deepwater project in Block 58, offshore Suriname. The agreement includes drilling and completion services, with Halliburton deploying digital and automated execution to improve performance and reduce costs. First oil is expected in 2028, with production capacity of up to 220,000 barrels per day.
Logistics Postal Service Moves Half of Long-Distance Mail by Air Just to Satisfy UPS Contract
The U.S. Postal Service is flying 50% of long-distance First-Class mail by air to meet minimum volume commitments under its new UPS air cargo contract, according to a report by the Office of Inspector General. This contradicts the Postal Service's Delivering for America plan to shift more mail to cheaper surface transportation. The contract, valued at over $10 billion, has forced USPS to put marketing mail on planes for the first time.
Logistics New IATA Airway Bill Rules Shift Liability Risk to Freight Forwarders
Effective July 1, IATA's revised direct airway bill framework shifts liability for misdeclared goods, concealed dangerous goods, and unsafe packaging from shippers to freight forwarders. Logistics providers and trade associations warn of increased risk exposure, citing a rushed process and inconsistent airline-specific regimes.
Commodities Ocean Installer Bags One of Its Largest-Ever Contracts from Vår Energi for Balder Next New Wells Project
Ocean Installer, a Moreld subsidiary, has been awarded a fast-track EPCI contract by Vår Energi for the Balder Next New Wells project, supporting continued development of the Balder area. The contract, valued over NOK 2bn ($202.5m), is among the largest in Ocean Installer's history and is the third awarded under the strategic partnership established in June 2022.
Commodities Oceaneering Secures Six-Month Offshore Survey Contracts for Trinidad and Gulf of Mexico
Houston-based Oceaneering International has secured multi-discipline offshore survey contracts for its Ocean Intervention II vessel to support offshore development programs for an undisclosed operator. The work, spanning approximately six months, covers Trinidad (four months) and the US Gulf of Mexico (two months), including 2D/3D seismic, AUV surveys, seabed sampling, and pipeline inspections.
Commodities SeaBird Wins Seismic Survey Contract Offshore India, Deploys Eagle Explorer
SeaBird Exploration, part of SED Energy Holdings, has secured a 2D seismic survey contract offshore India. The company will deploy the Eagle Explorer, with mobilisation expected in mid-July and utilisation through the first half of 2027. The award underscores growing demand for high-quality seismic data amid rising energy security concerns.
Commodities TechnipFMC awarded Eni contract for Baleine Phase 3 subsea work offshore Ivory Coast
TechnipFMC has been awarded a significant subsea contract by Eni for the Baleine Phase 3 development offshore Ivory Coast, the largest hydrocarbon discovery in the country. The deal, valued between $75 million and $250 million, covers flexible flowlines and risers for a new FPSO capable of processing 90,000 barrels of oil per day, adding to global crude supply.
Commodities Saipem Wins $2 Billion FPSO Contract for Eni's Kutei North Hub in Indonesia
Italian energy contractor Saipem, in a joint venture with PT Tripatra Engineers and Constructors, has been awarded a $2 billion contract for the engineering, procurement, construction and installation of an FPSO for Eni's Kutei North Hub Field Development Project in Indonesia. The contract was awarded by Eni North Ganal, a company controlled by the Eni-Petronas joint venture Searah. The project includes subsea development, a new FPSO, and a gas export pipeline to the Bontang LNG Plant.
Commodities Archer Wins Plug and Abandonment Work on Beryl and Forties Fields for Apache North Sea
Norwegian offshore service provider Archer has won a contract with Well-Safe Solutions for plug and abandonment (P&A) activities in the UK North Sea on the Beryl and Forties fields, operated by Apache North Sea. The decommissioning project covers seven platforms and more than 260 wells, with Archer providing drilling services, wireline, coiled tubing, and specialty P&A services.
Commodities Petrobras Awards Oceaneering Four-Year ROV Services Contract Offshore Brazil
Oceaneering International has secured a four-year contract from Petrobras to provide ROV services offshore Brazil. The contract, awarded to its Brazilian subsidiary, includes two work-class ROVs and tooling packages, with deployment from AKOFS Offshore's vessel Aker Wayfarer starting in 2027.
Commodities Distilleries Supply 68% of Contracted 1,048 Crore Litres Ethanol in Eight Months
As of June 2026, Indian distilleries have supplied 717 crore litres of ethanol, fulfilling 68% of the 1,048 crore litres contracted by oil marketing companies for the Ethanol Supply Year 2025-26. Maize-based ethanol dominates at 36%, followed by FCI rice and sugarcane juice. Grain-based distilleries account for 67% of supplies, while sugar-based units have achieved 82% fulfilment of their contracts.
Logistics Diana Shipping Secures Improved Kamsarmax Charter at $16,850 per Day for Medusa Bulker
Diana Shipping has fixed its kamsarmax bulker Medusa to Aquavita International at a gross rate of $16,850 per day, a 29.6% increase over its previous charter with Cargill. The deal runs from July 10 to at least October 5, 2027, and builds on Diana's improving forward cover.
Logistics DOF Wins APAC Subsea Construction Deal, Deploys Skandi Inventor in North Australia
Norwegian offshore vessel owner DOF has secured a large contract for subsea construction and pre-commissioning support services in the APAC region. The 2018-built CSV Skandi Inventor will be deployed for offshore operations in north Australian waters starting Q4 2026, with a duration of 160-250 days. DOF will provide project management, engineering, procurement, and logistics support.
Commodities Wison New Energies Signs EPCIC Contract for Ivory Coast FPSO with Eni and Altera
China's Wison New Energies has signed an EPCIC contract with Eni and Altera Infrastructure for the Baleine Phase 3 FPSO facility offshore Ivory Coast. The FPSO will process up to 90,000 barrels of oil per day and 160 million standard cubic feet of natural gas per day, with a design life of at least 20 years.
Commodities DOF Secures TotalEnergies FSO Replacement Contract for Nigerian Crude Storage Vessel
Norwegian offshore vessel owner DOF has won a contract from TotalEnergies for the subsea construction, mooring, disconnection of an existing FSO, and connection of a replacement unit for the FSO Unity. The contract, valued in the $50-100M range, involves four vessels and approximately 330 vessel-days, with offshore execution planned for Q4 2027 and Q1 2028. The FSO Unity stores up to 2.4 million barrels of crude oil from multiple Nigerian offshore fields.
Commodities Equinor awards $1bn Norwegian rig deal to Transocean for three semisubmersibles
Swiss-based offshore drilling contractor Transocean has entered into an agreement with Equinor for the use of three Cat D harsh environment semisubmersible rigs on the Norwegian shelf. The deal represents over $1bn in contract backlog across seven rig years, with a base day rate of $399,000 that will exceed $400,000 at commencement due to adjustment provisions.
Logistics Simon Møkster secures new PSV frame deal with Aker BP for four-year term
Norwegian shipowner Simon Møkster Shipping has signed a new four-year frame agreement with oil and gas player Aker BP for PSV services, with two additional two-year options. The deal includes provisions for improved vessel operations and emissions reduction. It follows a similar agreement between Aker BP and Eidesvik Offshore, extending a partnership first established in 2019.
Logistics DOF Secures One-Year MPSV Extension for Skandi Darwin in Australia Through Q3 2027
Norwegian offshore vessel owner DOF has secured a one-year extension for the multipurpose supply vessel Skandi Darwin in Australia. The extension will keep the vessel working for its current client until the third quarter of 2027. Financial terms and client name were not disclosed, but the vessel previously served Shell's Prelude FLNG facility.
Commodities BP Secures Expanded Technical Services Contract for ONGC’s Western Offshore Fields
Super-major BP has been awarded a technical services contract by India's ONGC for 43 blocks in the Western Offshore Basin. The agreement follows a similar contract for Mumbai High signed in February 2025 and aims to enhance hydrocarbon recovery and operational efficiency across mature assets.
Commodities Semco Maritime Wins Five-Year Offshore Services Contract with INEOS in Danish North Sea
Danish contractor Semco Maritime has been awarded a five-year framework contract by energy group INEOS for onshore and offshore services in the Danish North Sea. The agreement, running from June 2026 to May 2031 with two-year extension options, covers the supply of skilled workers and a range of technical services to support INEOS’s installations.
Logistics Modec to Supply Turret Mooring System for Mozambique’s Coral Norte FLNG Project
Modec has secured a contract to provide a SOFEC internal turret mooring system for the Coral Norte FLNG project offshore Mozambique. Developed by Eni and its partners, the project achieved FID in October 2025 and hull launch in January 2026, with first LNG expected in 2028. The system is critical for safe operations in the Rovuma Basin.
Logistics Keyfield Secures 13 Charter Deals Worth $55.7M Across Asia and Middle East
Malaysia-based Keyfield International has been awarded 13 new charter contracts worth RM229m ($55.7m), with extension options valued at RM41m ($10m). The deals cover offshore oil and gas support in Malaysia, Thailand, and the Middle East, bringing total contract wins in H1 2026 to 21. CEO Darren Kee Chit Huei highlighted diversification as a resilience strategy.
Logistics Wallenius Wilhelmsen Adds $420M to Car Shipping Contract with European Carmaker
Oslo-listed car carrier operator Wallenius Wilhelmsen has extended a shipping contract with a major European carmaker worth approximately $420 million. The three-year extension runs from mid-2028 to mid-2031, on top of about $180 million in remaining value under the existing agreement. The deal includes the use of low-emission fuels and provides contract cover at sustainable rate levels for the next five years.
Logistics SBM Offshore and Solstad Select CIMC Raffles for Newbuild DP2 Installation Vessel
SBM Offshore and Solstad Offshore have chosen CIMC Raffles' Haiyang base in Shandong, China, to build a multi-purpose deepwater installation vessel. The 132.6m DP2 vessel, equipped with a 500-tonne crane and methanol-ready design, is set for delivery in first half 2029. Solstad Shipping will manage the vessel, with SBM chartering it for its FPSO projects and third-party charters available.
Business O'Leary Extends Ryanair CEO Contract to 2032 in Deal Worth Up to €150 Million
Ryanair CEO Michael O'Leary has extended his contract to 2032, with a bonus scheme potentially worth over €150m. The deal includes options to buy 10 million shares at €26.70 each if profit reaches €4bn or share price exceeds €42 for 28 days. Chairman Stan McCarthy highlighted extensive shareholder engagement in the process.
Logistics Three60 Energy Secures Long-Term Project Support Contract with Vår Energi
Three60 Energy has been awarded a long-term project support agreement with Vår Energi. The initial term is four years with options to extend. The contract covers drilling, wells, and subsurface disciplines, contributing to safe and efficient operations.
Commodities Petrobras Awards $88.75M Decommissioning Contract to OceanPact for Marlim Field
Brazilian offshore vessel owner OceanPact has secured a R$443.7m ($88.75m) contract from Petrobras to provide pull-out and collection services for flexible lines in the decommissioning of stationary production units at the Marlim field. The work will focus on the risers of the P-18 platform in the Campos Basin. This contract follows a previous decommissioning deal worth over R$1bn with Trident Energy, also in the Campos Basin.
Commodities Caspian Offshore Construction expands fleet with newbuild AHTS
Kazakhstan-based offshore marine service provider Caspian Offshore Construction (COC) has acquired a new anchor handling tug supply (AHTS) vessel, the Caspian Yili, from Sinopacific Engineering & Contracting. The vessel, featuring 90 tonnes of bollard pull and DP2 capability, is the company's largest and is expected to join the fleet in Q4 2026. The acquisition supports COC's strategy to expand in international offshore markets.
Commodities SLB OneSubsea wins BP contract for Thunder Horse subsea boosting system in Gulf of Mexico
SLB OneSubsea, a joint venture of SLB, Aker Solutions, and Subsea7, has secured an engineering, procurement, and construction contract from BP for a subsea boosting system on the Thunder Horse project in the US Gulf of Mexico. The award follows recent boosting contracts for BP's Kaskida and Tiber developments, all using a standardized solution to improve efficiency and shorten delivery times. Thunder Horse is the world's largest moored semi-submersible production platform, capable of over 200,000 boe/d.
Logistics Samsung Heavy Secures $2.9bn Contract for US FLNG Project
Samsung Heavy Industries has signed a $2.9 billion contract to construct the Delfin FLNG Unit 1, the first floating liquefied natural gas unit in the United States. The project, involving Mitsui O.S.K. Lines and Delfin Midstream, is set to begin production in 2030.
Logistics FedEx Pilots Secure New Contract After Lengthy Negotiations
FedEx pilots have ratified a new labor contract with 83% approval, concluding over five years of negotiations. The agreement includes a 40% pay raise and back pay for pilots.
Technology UK Reviews NHS Contract with Palantir Amid Security Concerns
The UK government is reviewing its NHS contract with Palantir due to data security concerns and ties to US defense. The review could lead to early termination of the £330 million deal.
Trade Velesto secures offshore drilling contract in Thailand
Read the full story for in-depth analysis.
Commodities Fugro Secures Irish Offshore Wind Monitoring Contract
Dutch surveyor Fugro has won a two-year contract with EirGrid to monitor marine mammals along Ireland's south coast, supporting the development of offshore wind energy infrastructure.
Logistics DEME Secures Japanese Offshore Wind Installation Contract
Belgian marine contractor DEME has secured a contract for the Oga–Katagami–Akita offshore wind project in Japan. This marks the first deployment of 15MW-class turbines in Japan, with installation scheduled for 2027.