Lock Down Duty-Holder Continuity in APAC Decommissioning Contracts

The segment structure is intended to preserve the acquired firm’s commercial and operational focus while enabling full integration and synergy capture

While confirming the completion of its purchase of Chart Industries, Baker Hughes emphasizes that the acquisition is expected to enhance its ability to deliver durable earnings and cash flow, driven by an expanded industrial portfolio and enhanced recurring aftermarket services

While confirming the completion of its purchase of Chart Industries, Baker Hughes emphasizes that the acquisition is expected to enhance its ability to deliver durable earnings and cash flow, driven by an expanded industrial portfolio and enhanced recurring aftermarket services. Lorenzo Simonelli, Baker Hughes’ Chairman and Chief Executive Officer, commented: “Chart’s thermal management solutions bring complementary capabilities and aftermarket service offerings that accelerate our portfolio strategy

Home Subsea South Korean cable maker takes delivery of its second cable laying vessel July 16, 2026, by South Korea’s Taihan Cable & Solution has completed the delivery of its second cable-laying vessel (CLV) ahead of the planned schedule, following the acquisition from Norwegian DOF Group

Source: Taihan Cable & Solution Designed by Dutch shipbuilder Damen, the CLV has to date been deployed on 27 projects, installing approximately 1,300 kilometers of submarine cables. By operating two CLVs, including PALOS, the only offshore wind CLV currently in Korea, Taihan said it had established a dual-track installation system that enables the deployment of the most suitable vessel depending on project characteristics and installation environments

Taihan reported in May that it had acquired the 2016-built Skandi Connector from DOF, representing the second offshore wind-dedicated CLV introduced in Korea

With a safety record of over 20 years without a lost-time incident (LTI), the team has demonstrated a strong safety culture and the value of having a consistent, committed, long-term crew on board, supported by the onshore team in Aberdeen

Greater Kittiwake Area (GKA); Source: EnQuest CB&I’s Asset Solutions business, formerly part of Petrofac, has secured a further contract with EnQuest to continue managing the Kittiwake asset in the UK North Sea as duty holder through to cessation of production and decommissioning, expanding the firm’s scope of work beyond late-life asset management. John Pearson, Chief Operating Officer of CB&I Asset Solutions, commented: ” The award to extend our services as asset duty holder beyond COP, through decommissioni

John Pearson, Chief Operating Officer of CB&I Asset Solutions, commented: ” The award to extend our services as asset duty holder beyond COP, through decommissioning is testament to our productive and longstanding relationship with EnQuest and our unparalleled experience as an outsourced duty holder of the asset for nearly 23 years

“Securing manufacturing slots for critical long lead equipment with Siemens Energy is an important advancement in de-risking the project schedule as we work toward FID for the second vessel

“The project’s repeat-design approach offers an attractive risk-return profile and meaningful execution advantages for all project stakeholders

Delfin LNG; Source: Delfin Midstream Delfin Midstream has issued a limited notice to proceed to Siemens Energy for the procurement of long lead equipment, including four SGT-750 gas turbines and mixed-refrigerant compressors, in connection with its second floating LNG production vessel to be located offshore Louisiana. The LNTP is said to represent a key pre-final investment decision (FID) milestone as the parties continue advancing the project toward a targeted FID by year-end 2026