Topic
offshore
Logistics Keyfield International Enters Dredging Market with $24.7m Vessel Acquisition
Keyfield International has acquired the 2016-built trailing suction hopper dredger Inai Kenanga for $24.7m, about 61% below its $63.7m fair-market value, according to Splash247. The vessel, bought from receiver-managed Inai Rimba, will be held in an SPV with Star Naval 1 and is slated for reactivation in 2027 for dredging and land reclamation projects in Malaysia and Singapore.
Logistics KNOT Offshore Partners acquires modern shuttle tanker Hedda Knutsen from parent in $113m deal
KNOT Offshore Partners is acquiring the 2024-built shuttle tanker Hedda Knutsen from parent Knutsen NYK Offshore Tankers in a $113m deal, taking its fleet to 20 vessels. The DP2 suezmax is under firm charter to Petrobras in Brazil until 2034, with an option to 2039. The partnership also completed a $225m refinancing with DNB Bank to replace debt due in September.
Logistics Solstad Offshore Wins $62m Petrobras CSV Contract Offshore Brazil
Solstad Offshore has won a two-year, $62m contract from Petrobras for the construction support vessel Normand Valiant, starting in Q4 2026. The vessel will provide accommodation services on the Brazilian continental shelf. The Normand Valiant is owned by Solstad Maritime and chartered to Solstad Offshore under a bareboat arrangement.
Commodities SLB wins Brunei Shell Petroleum contract to revive shut-in offshore wells
SLB has been awarded a production restoration contract by Brunei Shell Petroleum, a Shell subsidiary, targeting shut-in wells across multiple offshore fields. The integrated contract covers subsurface evaluation, well candidate selection, engineering, and offshore execution, and marks the first such solution for BSP, according to Splash247.
Logistics Solstad Maritime lands long-term CSV contract in West Africa for Normand Cutter
Norwegian offshore vessel owner Solstad Maritime has signed a letter of intent with an unnamed client for its construction support vessel Normand Cutter. The three-year firm contract plus three years of options will support subsea operations in West Africa, with two work-class ROVs supplied with Omega Subsea's support. The vessel features a 300-tonne active heave-compensated crane and a 1,600 sq m working deck.
Commodities US Gulf of Mexico Lease Sale BBG3 Rebounds but Still Far Short of 2025 Record
The third Big Beautiful Gulf lease sale yielded $82.7m in high bids for 59 blocks, rebounding from March's weak result but still less than a third of the December 2025 record. The Marine Minerals Administration said bidding remained highly selective, with 16 companies focusing on a narrow set of prospects, while the Trump administration faces pressure over oil prices linked to the war in Iran.
Commodities Arabian Drilling to resume remaining suspended offshore rigs as recovery strengthens
Arabian Drilling, Saudi Arabia's largest onshore and offshore drilling company by fleet size, has received notice to resume operations for its remaining suspended offshore rigs, according to Splash247. The resumption reflects continued recovery in offshore market activity and is expected to lift offshore fleet utilisation to 100% by the end of Q3 2026.
Logistics Technip Energies wins FEED contract for Malaysian offshore LNG terminal project
Technip Energies has been awarded a FEED contract for the Yan offshore regasification terminal project in Kedah, Malaysia. Jointly developed by Gas Malaysia, Tokyo Gas Asia, and VTTI, the 6 million-tonne-per-annum terminal will include an offshore FSRU, marine infrastructure, a subsea gas pipeline, and an onshore receiving facility, creating a new LNG entry point in northern Peninsular Malaysia per Splash247.
Commodities Offshore project sanctioning nearly doubles as operators ramp up spending
Global offshore oil and gas field development investment is set to reach $137bn in 2026, a 30% year-over-year increase, with first-half FIDs up 90% to 38 projects. Westwood reports a more balanced spending cadence and a shift toward floating platform EPC, with Latin America overtaking the Middle East as the largest regional market.
Commodities Shell Greenlights Malikai Phase 3 in Malaysia to Lift Oil Output 60%
Shell's Sabah Shell Petroleum Company has taken a final investment decision on Phase 3 of the Malikai deepwater field offshore Malaysia, according to Splash247. The project will drill four wells, raising output by 60% to roughly 40,000 barrels per day, with first production expected in Q3 2028. The FID supports Shell's aim of sustaining around 1.4 million barrels per day of liquids production towards 2030.
Commodities Fugro wins three-year deepwater ROV contract for ONGC drilling campaign
Fugro has been awarded a three-year contract to provide ROV-based deepwater drill support services for ONGC's offshore drilling operations in India, according to Splash247. The work, awarded by Vantage, covers the 2010-built Platinum Explorer drillship in depths up to 3,000 metres. The campaign supports ONGC's deepwater exploration programme aimed at boosting India's domestic oil and gas production.
Commodities TGS Launches 34,000 km Seismic Reimaging Project Offshore Egypt
Oslo-listed TGS and Egypt's EGAS have commenced the EGY-2DRE2026 project, covering 34,000 km of 2D seismic reimaging offshore Egypt. The industry-funded project combines GeoStreamer surveys from 2016, 2018, and 2023, with deliveries scheduled for Q2 2027 and Q1 2028.
Logistics Eidesvik and Reach agree sale of jointly-owned IMR vessel Viking Reach
Eidesvik Offshore and Reach Subsea have signed a memorandum of understanding to sell the jointly owned IMR vessel Viking Reach to an unnamed client, with completion expected in early Q4 2026. Eidesvik expects a gain of approximately NOK 80m ($8.4m), while Reach expects to book around NOK 30m ($3.15m) from the sale of the onboard work-class ROV.
Commodities BP exit puts fresh pressure on UK over Jackdaw and Rosebank
BP's decision to sell its North Sea business has prompted the Aberdeen & Grampian Chamber of Commerce to urge UK ministers for swift approvals of the Jackdaw and Rosebank developments. The chamber warns that prolonged policy uncertainty would erode investor confidence and push oil and gas demand toward higher-emissions imports.
Commodities India commits $8.8bn to accelerate offshore oil and gas exploration
India approved an investment programme worth up to 840.84bn rupees ($8.8bn) to accelerate offshore oil and gas exploration over five years, with the goal of adding more than 600m tonnes of discoverable oil equivalent. The National Offshore Exploration Scheme will run until end of the 2030-31 financial year and aims to reduce India's dependence on imported energy.
Commodities Odfjell Drilling Semisub Deepsea Atlantic Returns to Work After Blowout Preventer Mishap
Odfjell Drilling returned its Deepsea Atlantic semisubmersible to operations after a blowout preventer incident caused 106 days of off-hire, according to Splash247. The BOP dropped to the seabed at 1,100 metres on April 18; recovery, repairs and spare BOP installation were covered by insurance. The rig operates under a long-term contract with Adura, the Shell-Equinor joint venture, until mid-2027.
Commodities India's Samudra Manthan offshore exploration scheme targets game-changing oil and gas output
India's Union Cabinet approved the Rs 84,084 crore Samudra Manthan – National Offshore Exploration Scheme to add over 600 MMTOE of oil and gas reserves by FY 2030-31. The scheme follows a wake-up call from the Middle East conflict, which exposed India's 88.7% crude import dependence. Exploration momentum is already visible, with 172 blocks awarded and over $4.3 billion committed investment under the Open Acreage Licensing Programme.
Logistics Viking Supply Ships installs Kistefos duo as CEO and group CEO
Viking Supply Ships will install Ulrik Mannhart as chief executive and Bengt Rem as group CEO on August 1, following the resignation of Trond Myklebust. Both new leaders come from controlling shareholder Kistefos, which holds 80.1% of shares and 85.3% of voting rights, according to Splash247.
Logistics Norwegian offshore vessel owner DOF wins AHTS contracts and Petrobras PLSV extensions
Norwegian offshore vessel owner DOF has won two new AHTS vessel contracts and two long-term Petrobras extensions in Brazil, according to Splash247 Maritime. The AHTS contracts, each worth $15m-$25m, start in Q4 2027, while PLSVs Skandi Buzios and Skandi Recife are extended through January 2028.
Logistics Petra Marine Sells Two Accommodation Barges for Combined $15 Million in Separate Deals
Malaysia's Petra Marine has agreed to sell two Malaysian-flagged accommodation work barges in separate deals totaling $15 million. The Petra Endeavour was sold to India-based AJR Oil & Gas Engineering Services for $7.75m, and the Petra Orbit to UAE-registered Beaufond Swissline for $7.25m. Petra Marine said the sales will reduce future laid-up, reactivation, and drydocking costs.
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.
Commodities TGS Secures 100-Day Ocean Bottom Node Seismic Contract for AMME Region
Oslo-listed seismic specialist TGS has won a new 100-day ocean bottom node (OBN) contract from an undisclosed client in the Africa, Mediterranean, and Middle East (AMME) region. The project, mobilizing in Q4 2026, extends into 2027 and highlights TGS's integrated business model. Separately, TGS announced multi-client reprocessing work in Norway, Canada, and a new 2D-cubed project in Ghana.
Commodities Saipem secures €800m in Ivory Coast offshore and Italy biorefinery contracts from Eni
Italian energy services contractor Saipem has been awarded two new contracts valued at approximately €800m ($913m): one for Eni's Baleine Phase 3 project offshore Ivory Coast and another for a deoxygenation unit at Enilive's biorefinery in Venice, Italy. These awards follow a $260m offshore drilling contract for Saipem's Santorini drillship, also from Eni Côte d'Ivoire.
Logistics Chinese Yard Huarun Dadong to Convert Semisub Rig into 600-Person Floating Accommodation Unit for Brazil
Shanghai-based Huarun Dadong Dockyard has secured a contract to convert the 2010-built semisub rig Sparta into a 600-person floating accommodation unit. The 14-month overhaul includes new accommodation modules, life extension, and deployment to Brazilian waters by Q3 2027. The project involves China Merchants Harbour Engineering and marks a major rig conversion in China.
Logistics ABL Wins Papua New Guinea FSO Support Contract for Santos Subsidiary
ABL, a marine and energy consultancy, has won a contract from Santos subsidiary Oil Search Limited to provide marine warranty survey services for a new FSO facility in Papua New Guinea. The FSO, the country's first offshore floating facility, will be deployed at the Kumul Marine Terminal as part of the Kutubu Pipeline System. ABL's scope covers equipment supply and installation across India, Indonesia, the UK, and Papua New Guinea, with work expected to run through 2028.
Logistics DOF revamps offshore fleet with PSV sales and CSV acquisitions from China
Norwegian offshore vessel owner DOF is reshaping its fleet by selling four platform supply vessels (PSVs) and acquiring two construction support vessels (CSVs) under construction in China. The moves are part of a fleet high-grading programme aimed at lifting earnings capacity while maintaining leverage. Separately, DOF declared a constructive total loss on the Skandi Amazonas after a grounding, triggering a $115m insurance payout.
Logistics Offshore fatalities double in 2025 despite improved injury rates, IMCA report warns
A new safety report from the International Marine Contractors Association (IMCA) shows that fatalities in the offshore marine contracting industry more than doubled in 2025, from three to seven, even as traditional safety indicators like lost-time injury frequency improved. The report urges a shift toward preventing serious injuries and fatalities rather than relying solely on injury frequency rates.
Commodities BP removes crews from Gulf of Mexico platforms as Tropical Storm Bertha approaches
BP is evacuating nonessential personnel from its Thunder Horse and Na Kika platforms in the Gulf of Mexico ahead of Tropical Storm Bertha. Chevron earlier suspended output at its Petronius facility and removed staff from Tubular Bells and Blind Faith. The storm has sustained winds of 95 kph and is expected to bring dangerous surf conditions through Wednesday.
Logistics Seamec strengthens offshore fleet with $70m diving support vessel buy
Indian offshore vessel operator Seamec has signed a definitive agreement to purchase the diving support vessel (DSV) Seamec Anant from its parent company HAL Offshore for $70 million. The vessel, built in 2023, will be chartered back to HAL Offshore at a $45,000 dayrate after delivery around August 31. Separately, Seamec's board approved the sale of the bulk carrier Seamec Gallant for $9.5 million.
Commodities ADNOC Makes $6.2bn Final Investment Decision for Umm Shaif Offshore Gas Field Expansion
Abu Dhabi National Oil Company (ADNOC) has taken a $6.2bn final investment decision to develop the Umm Shaif offshore gas field with partners TotalEnergies, Eni, and CNPC. The project will unlock over 600 million standard cubic feet per day of natural gas, equivalent to nearly 10% of the UAE's daily consumption, with production targeted by 2030. It includes $5.1bn in offshore infrastructure contracts and a $365m drilling program by ADNOC Drilling.
Manufacturing HD Hyundai and Kiewit Offshore Services Partner to Expand US Shipbuilding Capacity
HD Hyundai and Kiewit Offshore Services (KOS) have signed a strategic partnership agreement to expand US shipbuilding capacity and strengthen the American maritime industrial base. The collaboration will focus on fabricating ship blocks and modules, leveraging HD Hyundai's design and shipbuilding technology with KOS's large-scale fabrication expertise from Gulf Coast facilities.
Logistics Petronas Extends Indonesian FPSO Charter to 2036, Ensuring Long-Term Offshore Production
Petronas Carigali has negotiated a 10-year extension for the Ratu Nusantara FPSO on the Bukit Tua oilfield offshore Indonesia, keeping the vessel in operation until 2036. The floating production unit, owned by Sabah International Petroleum and PT M3 Ketapang Sejahtera, has a processing capacity of 25,000 bbl of oil and 60m cf of gas per day. The extension follows over 11 years of consistent performance and strengthens the partnership between Malaysia and Indonesia.
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.
Logistics JUB Pacific Diversifies Fleet with AHTS Acquisition for Offshore Expansion
JUB Pacific, a Singapore-based offshore marine solutions provider specializing in self-elevating liftboats, has acquired the anchor handling tug and supply vessel (AHTS) Evay. The 2010-built, DP2 vessel with 120-tonne bollard pull was formerly owned by Aussie Offshore Services. The acquisition marks JUB Pacific's first step into offshore supply vessels and already has a contract with a major oil company in South-East Asia, according to the company.
Logistics Jiangnan Shipyard Reveals Nuclear Floating Port Concept That Could Reshape Global Trade
Chinese shipbuilder Jiangnan Shipyard has unveiled a radical concept for a nuclear-powered floating logistics hub that would act as a container terminal, power station, and green-fuel factory far offshore, potentially reshaping global trade and port operations.
Commodities Fugro Wins Survey Contract for UK's First Offshore CO2 Storage Project
Dutch surveyor Fugro has been awarded a contract by Saipem to deliver integrated marine survey and inspection services for the Northern Endurance Partnership (NEP), the UK's first CO2 transportation and storage infrastructure project. The project, a joint venture between BP, Equinor, and TotalEnergies, aims to decarbonise carbon-intensive industrial regions with up to 1bn tonnes of CO2 storage capacity beneath the North Sea.
US Gulf of Mexico Third Offshore Lease Sale Scheduled for August Bidding
The US Bureau of Ocean Energy Management (BOEM) has scheduled its third Gulf of America oil and gas lease sale for August 12, 2026, offering about 15,100 unleased blocks across 325,367 sq km. The sale follows a weak second sale in March that drew only $47 million in high bids, significantly lower than the $280 million raised in the first sale in December 2025. The auction is part of 30 required sales under the One Big Beautiful Bill Act and Trump's Executive Order 14154.
Commodities UK North Sea Offshore Workers Reject Pay Offer and Back Strikes at Neo Next+ Energy Platforms
Offshore workers at Neo Next+ Energy's Elgin Franklin and North Alwyn platforms have rejected pay offers of less than 3% and voted for strike action, with the first 24-hour stoppage scheduled for July 22. The dispute involves around 50 Unite union members in key operational roles, and further walkouts are planned on July 29 and August 5, 12, and 19. Unite leadership has called the pay offers "pitiful" and warned the company to resolve the issue before disruptions begin.
Supply Chain Norway Offshore Labour Conflict Escalates: Lockout Threatens Oil and Gas Supply Chains
A growing strike by members of the Norwegian Union of Energy Workers (SAFE) on the Norwegian continental shelf is disrupting drilling and well operations, prompting offshore employers to prepare a large-scale lockout. The industrial action has already halted four IMR vessels, one well-intervention vessel, and two rigs, imposing high costs on suppliers and delaying oil and gas production. The dispute centres on a collective wage agreement, with SAFE calling it a 'dumping agreement' and Offshore Norge rejecting that label.
Commodities TotalEnergies Awards Decommissioning Contract to Ocean Installer for Three North Sea Fields
TotalEnergies has awarded a contract to Ocean Installer for decommissioning work on three North Sea fields: Byggve, Skirne, and Atla. The project involves recovery of around 1,000 tonnes of subsea structures and pipelines, with most equipment to be recycled. The offshore campaign is scheduled for 2027, and the contract is valued in the NOK 100m to NOK 500m range.
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 DOF Secures Three-Year Charter for Subsea Support Vessel Skandi Involver in North America
Norwegian offshore vessel owner DOF has been awarded a three-year firm charter for its 2017-built subsea support vessel Skandi Involver in North America, with two one-year options. The contract, commencing early Q3 2026, covers subsea construction, inspection, maintenance, and well intervention support.
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 Equinor Awards $600M in Subsea Contracts to Accelerate Norwegian Continental Shelf Development
Norwegian energy giant Equinor has awarded contracts worth around $612 million for four subsea projects as part of the first of several planned development waves. The projects—Brime, Omega Sør, Tyrihans Nord, and TWIN—will contribute between 130 and 220 million barrels of oil equivalent to future production. Key contractors include TechnipFMC, OneSubsea, Ocean Installer, Tenaris, and NOV. Equinor aims to halve costs and execution time through standardisation.
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.
Technology HD Hyundai and Schneider Electric Partner to Develop Floating Data Centre Infrastructure
HD Hyundai, through its shipbuilding unit HD Korea Shipbuilding & Offshore Engineering, has signed an MoU with Schneider Electric to jointly develop floating data centre infrastructure. The partnership aims to combine Schneider's power and cooling expertise with HD Hyundai's offshore engineering to address land scarcity and high cooling costs for data centres.
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.
Logistics Remøy Shipping Rebrands as Bower Offshore After Zamil Offshore Acquisition
Six months after Saudi Arabia's Zamil Offshore Services Company acquired Norway's Remøy Shipping, the company has rebranded to Bower Offshore. The new name references the main anchor of a ship, symbolizing stability. The company, founded in 1899, operates six vessels in the North Sea. The rebranding may signal a strategic shift for offshore logistics clients.
Logistics Hayfin Sells 11-Vessel AHTS Fleet to New Maritime Investment-Backed Company
Hayfin Capital Management has agreed to sell an 11-vessel AHTS fleet managed by United Offshore Support to a newly established company backed by leading maritime investors. Two vessels have already been transferred, with the remainder to follow. Separately, Capital Offshore has completed its acquisition of 50% of UOS from Hayfin, forming UOS Capital.
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.
Logistics Ocean Installer Extends Solstad Maritime CSV Charter Through 2028 with Options to 2031
Ocean Installer, a Moreld subsidiary, has exercised an option to extend the charter of Solstad Maritime's construction support vessel Normand Vision through end of 2028, with additional annual options for 2029 and 2030 that could extend the contract until 2031.
Commodities Equinor Acquires BP's Stake in $10bn Bay du Nord Project Offshore Canada
Norwegian energy major Equinor has reached an agreement with BP to acquire its interest in the Bay du Nord project offshore Canada, taking full ownership. The transaction reflects BP's portfolio simplification and gives Equinor flexibility to mature the project towards a final investment decision in early 2027. First oil is expected in 2031 from the Flemish Pass basin development, with an estimated investment of around CAD 14bn ($9.85bn).
Logistics Boskalis launches world's largest rock installation vessel Windpiper, boosting offshore wind capacity
Boskalis has commissioned the Windpiper, the world's largest subsea rock installation vessel, with a 45,500-tonne capacity. The vessel doubles the company's installation capacity, making it the largest player in the niche. Designed for offshore wind scour protection and cable burial, it reduces port calls and handles deeper-water projects.
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.
Logistics DOF Secures Two-Year Equinor Contract Extension for Skandi Vega Until Q3 2029
Norwegian offshore vessel owner DOF has secured a two-year contract extension from Equinor for the anchor handling tug supply vessel Skandi Vega. The extension, exercised through options, makes the contract firm until the third quarter of 2029. The vessel has been continuously serving Equinor since its construction in 2010.
Commodities Last-Minute Pay Deal Averts Norwegian Rig Workers' Strike, Affecting Key Offshore Assets
Norwegian unions representing workers on drilling rigs and floating production platforms have reached a last-minute wage deal with employers, averting a strike that would have affected over 600 workers on key offshore assets including the Transocean Encourage rig and Equinor's Gullfaks B platform. The deal includes a 5.2% general wage increase, but a separate strike by oil service workers continues to widen.
Norwegian offshore unions enter last-ditch talks to avert wider strike in oil and gas sector
Norwegian offshore unions Styrke, SAFE, and DSO have entered state-mediated wage talks to avert a wider strike in the country’s oil and gas sector. Initial disruption could affect the Transocean Encourage rig, Odfjell Technology’s Linus rig, AKOFS Seafarer, and Equinor’s Gullfaks B platform. A separate service strike already underway has caused output losses, with Aker BP shutting down the Tambar field.