Reassess APAC mobilisation and vendor posture after Santos GSA

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

Fast4Ward FPSO design; Source: SBM Offshore The three players have inked a contract for the construction of the seventh MPF, which features SBM Offshore’s Fast4Ward proprietary generic standard hull design for floating production, storage, and offloading (FPSO) vessels, with a storage capacity up to 2

This is the 13th MPF hull ordered to date, with each project providing lessons to further derisk the execution, with improving quality and productivity. ” 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 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. Atlantic Zonda drillship; Source: Pelago Management Eldorado Drilling has completed the

Bernie Wolford, Chairman of Eldorado, commented: “Completion of this transaction marks the start of our next chapter. By uniting Eldorado’s commercial strength with Vantage’s proven operating capabilities, we are now positioned to compete for a wider set of opportunities and deliver for customers with greater scale and resilience

The combination is expected to broaden commercial opportunities across multiple regions and reinforce the shared commitment to safety and operational excellence

The development is anticipated to unlock the full productivity of the Central fields and reduce unit production cost and carbon emissions. 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

As a result, the development is expected to enable the Central fields to be operated remotely, with operations support provided from the Moomba operating centre

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

In addition to being used as a self-propelled CLV, it has a high-performance crane and a large deck area, making it suitable for multi-purpose applications such as ground-based foundation work, floating offshore wind mooring work, and marine resource-related projects, VARD said. The vessel is equipped with a removable cable lay system, two offshore cranes, a four-point mooring system and a helideck

According to the Norwegian shipbuilder, it will have a large battery pack, a shore supply connection, and an energy management system. Vard Electro delivered SeaQ equipment and solutions, including SeaQ Power with energy storage systems, switchboards, and shore connection, Vard Electro the network, entertainment, and communication systems on board, and Vard Interiors the interior solutions and green HVAC R system

According to the Norwegian shipbuilder, it will have a large battery pack, a shore supply connection, and an energy management system