Align APAC vessel and rig sourcing to confirmed survey and ownership shifts

What happened

Shearwater GeoServices won a 3D seismic survey contract in the Bonaparte Basin and will deploy SW Bly for an expected 50‑day campaign starting in the third quarter to appraise carbon storage potential. The campaign is confirmed and will occupy a specialised survey vessel and node handling capability in Australian waters, so buyers should verify mobilization dates and node logistics to avoid clashes with other regional campaigns

Why the category manager should care

Treat this as a firm near‑term vessel occupancy that should be built into regional vessel plans because dates and vessel are announced

Key facts

• 3D seismic contract deploying SW Bly for an expected 50‑day duration
• Scheduled to start in the third quarter
• Second CCS‑related survey in the Bonaparte Basin following 2024 activity

What happened

Allseas secured a contract to install roughly 50 km of concrete‑weight‑coated subsea pipeline as the final link for the Prince Rupert Gas Transmission system, including complex nearshore works and shore pull‑ins. The installation is scheduled for pipelay vessels Solitaire and Sandpiper but depends on a final investment decision, so bookings and mobilisations should be treated as provisional and watched for schedule confirmation

Why the category manager should care

Treat this as an early long‑lead demand signal for specialised pipelay capacity because the award exists but is FID‑dependent

Key facts

• Approximately 50 km of 36‑ and 48‑inch concrete‑weight‑coated pipeline
• Includes shore crossings, trenching, shore pull‑ins and span rectification
• Planned pipelay using Solitaire and Sandpiper in water depths to ~450 m

What happened

A Mexican joint venture linked to Borr Drilling completed the purchase of five jack‑up rigs financed largely through a $237 million non‑recourse seller’s credit secured by the rigs. The transaction changes ownership and credit exposure for those assets, which can affect mobilisation notice periods, contract assignment and buyer remedies if enforcement occurs

Why the category manager should care

Expect altered counterparty profiles and potential tightening of mobilisation or payment terms where rig ownership changes

Key facts

• Acquisition of five jack‑up rigs via a JV purchase
• $237 million non‑recourse seller’s credit used in financing
• Seller credit secured by a first priority lien on the rigs

What happened

Golden Energy Offshore Services secured a long firm charter for a platform supply vessel for a multi‑well campaign, with multiple one‑well options that can extend the contract. The booking removes that PSV from the spot pool and tightens short‑notice availability for nearby projects

Why the category manager should care

Plan for reduced spot PSV capacity; secure term options for critical support windows rather than rely on last‑minute hires

Key facts

• Firm charter covers a multi‑month period corresponding to the nine‑well campaign
• Includes multiple one‑well options extending potential hire
• Vessel is Ulstein PX121 design (~83.4 m)

What happened

EIA reported that lower crude prices reduced the U.S.‑Canada energy trade value, with volume and price effects changing export patterns and routing. For APAC buyers this is peripheral operationally, but shifting North American export flows to Pacific routes can influence tanker demand and terminal slot pressure to monitor

Why the category manager should care

Treat this as peripheral APAC intelligence but monitor Pacific‑coast export routing that can affect tanker and terminal availability

Key facts

• Value of U.S.–Canada energy trade fell 11% to an estimated $137 billion in 2025
• Canada’s energy exports to the U.S. were about $111 billion in 2025