Recalibrate sourcing posture for rigs and integrated drilling capacity

“As this represents our 7th FPSO hull project for SBM, our team is fully committed to leveraging our premier shipbuilding capabilities and lean management principles to deliver this vessel with the highest quality, safety, and environmental standards, continuing to create long-term value for both organizations. ” This hull order comes shortly after SBM Offshore disclosed a shareholders’ agreement with Nippon Yusen Kabushiki Kaisha to divest a 45% ownership interest in the special purpose companies related to th

” The Dutch giant emphasizes that the MPF7 will inherit the highly optimized design of its predecessor, including accommodation capacity for up to 240 personnel

Home Fossil Energy SBM Offshore places order for 13th multi-purpose floater hull to bolster its FPSO fleet June 29, 2026, by Netherlands-based SBM Offshore, a provider of the design, construction, installation, and operation of offshore floating facilities, has signed off on the construction of its seventh generic Fast4Ward multi-purpose floater (MPF7) hull with Shanghai Waigaoqiao Shipbuilding (SWS) and China Shipbuilding Trading Co

” The duo can leverage Vantage’s experience serving national oil companies and international operators to address a broader range of customer requirements while maintaining high HSE and operational standards. Eldorado owns the seventh-generation Atlantic Zonda drillship, which operates in Brazil under third-party management, and has agreed to acquire the Deep Value Driller drillship through a transaction expected to close in the second half of 2026

” The combination is interpreted to bring together Eldorado’s Atlantic Zonda drillship with Vantage’s asset base, strong operating capabilities, global footprint, and proven track record managing high-specification drilling assets under long-term operating and management arrangements, putting the combined enterprise in a position to deliver efficient, safe, and reliable services to a diversified customer base. Ihab Toma, Chief Executive Officer of Vantage, remarked: “We are proud of what the Vantage team has bu

Home Fossil Energy Vantage and Eldorado merger births ‘enhanced’ offshore drilling player June 29, 2026, by Vantage Drilling, a Bermuda-exempt offshore drilling contractor, has wrapped up its proposed business combination with Eldorado Drilling, an offshore drilling player backed by a group of well-known Norwegian investors, establishing what it describes as a scalable offshore drilling platform with “enhanced” capabilities

The prepayment structure of the GSA will directly support Santos’ capex investment in the MCO project, which is planned to be delivered over three years. Kevin Gallagher, Santos’ Managing Director and Chief Executive Officer, highlighted: “This agreement helps secure affordable domestic gas supply for South Australian industry to 2040 and enables Santos to invest in the long-term future of the Cooper Basin

The prepayment structure of the GSA will directly support Santos’ capex investment in the MCO project, which is planned to be delivered over three years

The new inlet compression and additional power generation capacity at the Moomba gas plant will be installed to receive gas and power the upstream satellite

Home Fossil Energy Shell puts Chiyoda on support duty for potential upcoming projects June 29, 2026, by Shell Global Solutions International, a subsidiary of the UK-headquartered energy giant Shell, has hired Japan’s engineering player Chiyoda Corporation to handle engineering and procurement work for its potential future projects around the globe. Illustration; Source: Shell Chiyoda has signed an enterprise framework agreement (EFA) for engineering and procurement services with Shell to support potential futur

Illustration; Source: Shell Chiyoda has signed an enterprise framework agreement (EFA) for engineering and procurement services with Shell to support potential future projects globally, building on the duo’s existing collaboration that enables the Japanese firm to lend the UK player a hand on major projects worldwide for over 50 years. This EFA, which is perceived to establish a flexible framework that supports timely access to Chiyoda’s engineering and procurement expertise as project needs emerge, draws on t

The agreement is designed to enable faster mobilization and enhanced integration between the two companies, supporting improved cost and schedule confidence, enhancing project execution predictability, and enabling the UK giant to respond more effectively to evolving market and project conditions