Oil & Gas DevelopmentSaipem Wins Osman Gazi FPU Commissioning Scope for Sakarya
Saipem’s new Osman Gazi FPU commissioning-services award follows its OR&A role and extends its involvement in Türkiye’s Sakarya gas development.
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Oil & Gas Development
Oil & Gas DevelopmentMcDermott Wins Cronos Subsea Contract as China FCU Execution Signals Emerge
McDermott has secured a substantial Cronos subsea contract, while industry project data and Chinese procurement activity point to FCU execution preparation.
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Shipbuilding & OffshoreChina’s First 88K VLGC Delivered Early as Qidong Expands into High-End Shipping
The first in a four-ship 88K VLGC series was delivered about three months early, demonstrating Qidong’s move from offshore integration into repeatable gas-carrier construction.
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LNGPapua LNG Retenders EPC as Capex Falls to US$14 Billion, Targets 2026 FID
Papua LNG has completed its EPC retendering process, with award recommendations ready for partner approval. Design optimisation and wider Asian competition have reduced estimated investment to about US$14 billion ahead of a targeted fourth-quarter 2026 FID.
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Offshore WindKongsberg Maritime Wins Systems Order for Two Cadeler T-Class WTIVs at COSCO Qidong
Kongsberg Maritime will supply electrical, automation and propulsion systems for two Cadeler T-class wind turbine installation vessels being built at COSCO Shipping Offshore in Qidong, with delivery scheduled for 2030 and 2031.
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Engineering & ProjectsTechnip Energies Secures Two Five-Year LTAs from Aramco
Technip Energies has secured two five-year LTAs from Aramco, spanning FEED, PMC and EPC services for onshore brownfield modifications and upgrades.
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Shipbuilding & OffshoreWison Starts Construction of Baleine Phase 3 FPSO
Wison New Energies has completed first steel cutting for the newbuild Baleine Phase 3 FPSO, marking the start of shipyard construction for Eni’s Côte d’Ivoire development.
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LNG & EnergyShell and Wison Advance Next-Generation DMR FLNG Solutions
Shell and Wison New Energies have agreed to integrate Shell's DMR liquefaction technology into Wison's FLNG portfolio for broader third-party FLNG opportunities.
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Shipbuilding & OffshoreCOSL Advances Plans for Two New-Generation Deepwater Moored Semisubmersible Rigs
COSL has approved a feasibility study for two new-generation deepwater moored semisubmersible rigs as utilisation and average daily revenue across its existing semisubmersible fleet remain high.
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Shipbuilding & OffshoreP-80 and P-82 Set for Brazil as Chinese Yards Deepen Role in Petrobras FPSO Series
P-80 and P-82 will leave Singapore for Brazil in close succession, highlighting Seatrium's series-delivery model and the growing role of Chinese yards in hull, accommodation and critical-module packages.
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Shipbuilding & OffshoreQMW Joins McDermott on ADNOC's $1 Billion-Plus Umm Shaif EPCI Contract
McDermott and QMW have secured a $1 billion-plus EPCI contract for Package 4 of ADNOC's Umm Shaif project, with engineering led from the UAE and major fabrication in Qingdao.
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LNG & EnergyMcDermott Returns to Profit in Q2 with $15.8 Billion Backlog
McDermott reported second-quarter revenue of $2.3 billion, adjusted EBITDA of $143 million and net income of $41 million, with backlog at $15.8 billion at the end of June.
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