OffshoreInsights.net

Hybrid Propulsion Boosts Efficiency on New OSVs

Hybrid CTV (Source: ADNOC Logistics & Services) As demand for environmentally conscious vessels rises, offshore vessel owners are integrating hybrid propulsion and energy storage systems into new builds to cut…........

February 26, 2025ADNOC Logistics and Services, CTV, Hybrid Propulsion, Middle East, Newbuilds, Offshore Support, OSV, UAE

Saipem and Subsea 7 Merger, Creating Energy Services Giant

Subsea 7 7 Saipem Merger (Image by ENB) After years of exploration, Saipem and Subsea 7 have finalized a merger agreement to create a new energy services leader, Saipem 7.…........

February 25, 2025Business and Finance, Italy, Mergers and Acquisitions, Middle East, Norway, Offshore Development Projects, Offshore Support, Saipem, Subsea 7

Boskalis Expands Fleet with Three New Vessels, Strengthening Offshore Capabilities

Boka Pioneer (Image by Boskalis) Boka Pride (Image by Boskalis) Boskalis has enhanced its offshore fleet by acquiring three new vessels, bolstering its operational capacity. The company has purchased the…........

February 12, 2025Boskalis, Braveheart Spirit, CSV Pioneer, CSV Pride, Middle East, Offshore Support, Subsea

Overseas Marine Logistics Acquires Two AHTS Units from Hadi Al Hammam

Hadi 41 (Image by Shunhai Shipyards) Overseas Marine Logistics has acquired two vessels, a 5,000 bhp AHTS Hadi 41 and a 4,500 bhp AHTS Hadi 42, from Hadi-Al-Hammam Establishment. Both…........

February 3, 2025AHTS, Hadi, Middle East, Sale & Purchase, Saudi Arabia

Algihaz Holding to Acquire Seven Champion for $95.34 Million

Seven Champion (Image by Subsea 7) Algihaz Holding, based in Saudi Arabia, has won the January auction for the Seven Champion, previously known as the Lewek Champion. The S-lay pipelaying…........

January 31, 2025Algihaz Holding, Middle East, Pipelaying Vessel, Sale & Purchase, Saudi Arabia, Seven Champion

After Days Of Struggle In Thick Ice Of Lake Erie Freed The Trapped Bulk Carrier

On January 22, 2025, the Canadian bulk carrier Manitoulin, spanning 663 feet, became ensnared in dense ice approximately one mile off the coast of Buffalo, New York, as it attempted…........

January 28, 2025

Rawabi Vallianz Offshore takes delivery of three shallow draft AHTS newbuilds

Rawabi 215 (Image by Vallianz Holdings) Rawabi 209 (Image by Vallianz Holdings) Rawabi Vallianz Offshore Services has taken delivery of the first three vessels in a series of 10 diesel-electric,…........

January 15, 2025AHTS, Aramco, Middle East, Newbuilds, OSV, Rawabi, Vallianz Holdings

ExxonMobil Makes Potential Major Gas Discovery in Egypt’s Herodotus Offshore Basin

Valaris DS-9 (Image by Valaris) ExxonMobil may have made a significant gas discovery in Egypt's Herodotus offshore basin. The Nefertari-1 wildcat well was drilled in mid-December 2024 in the North…........

December 25, 2024Egypt, Exxon Mobil, Middle East, Offshore Development Projects, Offshore Drilling, Valaris DS-9

POSH Secures Maiden SURF Installation Contract in the Arabian Gulf

POSH Deep C (Image by PACC Offshore Services Holdings) A major milestone for POSH in the Middle East is the recent award of its first-ever SURF (Subsea Umbilicals, Risers, and Flowlines)…........

December 24, 2024CSV, L&T, Middle East, POSH Deep C, Saudi Arabia, Subsea, SURF