A leading Saudi Arabia-based contracting player is set to acquire a quality pipelay and heavy-lift vessel for almost $95 million after emerging as the preferred contender during an auction process.

The 8,820-pound CT380 and the 9,920-pound CT430 join the compact CT160 and mid-size CT260, giving contractors a variety of ...

Late last year, following four years of construction, Shell 011 Company's recordsetting "Auger" tension leg platform (TLP) was towed out to its new home, some 255 miles southeast of Houston, Texas ...

Offshore drilling contractor Borr Drilling has agreed to receive payment settlement for approximately $125 million with its major Mexican customer, related to its outstanding receivables. The company ...

Danish offshore wind installation firm Cadeler has taken delivery its new wind turbine installation vessel (WTIV) Wind Maker, the first of the two planned M-class vessels to join its growing fleet.

It is widely reported that the long-term outlook for the global OSV fleet continues to strengthen due to an increased need to secure reliable energy sources. This requirement has prioritised offshore ...