The Russian government has unveiled a massive plan to build hundreds of new ‘civilian’ vessels by 2050, upgrade its shipbuilding capability, and increase the workforce in the maritime domain. The post Russia to pump over $6B into shipbuilding as part of big plan to revitalize its maritime industry appeared first on Offshore Energy.

Transocean, Noble Corporation, Valaris, Seadrill, Shelf Drilling, and ADES have reported a combined total backlog of $31.17 billion in the first quarter of 2025. The post Transocean, Noble, Valaris, Seadrill, ADES, and Shelf Drilling get hold of $31 billion backlog: Is rig demand tapering off? appeared first on Offshore Energy.

Norwegian high-tech hydrogen company Hystar has raised more than $36 million in its Series C funding round to accelerate the commercial scale-up of its electrolyzers. The post Hystar secures more than $36 million to fast-track electrolyzer deployment appeared first on Offshore Energy.

Prysmian Group has confirmed the wrap-up of the installation works related to the first submarine cable of the eastern branch of an electricity interconnection between Campania, Sicily, and Sardinia. The post Prysmian puts first subsea cable in place for eastern piece of Italy’s electricity interconnection appeared first on Offshore Energy.

Netherlands-based subsea technology firm Seatools has secured a contract with CSBC-DEME Wind Engineering (CDWE) […] The post Seatools to deliver subsea metrology and control system for Fengmiao 1 offshore wind farm appeared first on Offshore Energy.

Singapore’s shipbuilder Strategic Marine has delivered the second fast crew boat (FCB) with hybrid propulsion to Malaysia’s offshore vessel operator Centus Marine. The post Malaysian operator’s hybrid fleet growing with addition of new fast crew boat appeared first on Offshore Energy.

Aker BP has secured drilling permits for three exploration wells in the North Sea off the coast of Norway, which will be drilled this month with a semi-submersible rig owned by Odfjell Drilling, an offshore drilling contractor. The post North Sea wildcat trio on Odfjell Drilling rig’s agenda this month appeared first on Offshore Energy.

Shelf Drilling (SHLF) has shed more light on the latest developments across its rig fleet, confirming the arrival of two jack-ups in West Africa and the start of drilling work in Norwegian waters for another unit. The post Two Shelf Drilling rigs come to West Africa as another one spins the drill bit in Europe appeared first on Offshore Energy.

Saudi Arabia’s energy heavyweight Aramco has handed out a multi-year agreement extension for five offshore drilling jack-up rigs to ARO Drilling, its 50/50 joint venture with Valaris. The post Valaris-Aramco JV racks up jackup quintet extensions appeared first on Offshore Energy.