News Archives - OffshoreInsights.net

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

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