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Transocean is set to absorb rival offshore driller Valaris in a move that reshapes the upper end of the global rig market and adds fresh momentum to an already busy consolidation cycle.T he Switzerland-based offshore drilling heavyweight said it has signed a definitive agreement to acquire US-listed Valaris in an all-stock transaction valued at about …
https://splash247.com/transocean-snaps-up-valaris-in-5-8bn-stock-deal/
https://splash247.com/transocean-snaps-up-valaris-in-5-8bn-stock-deal/New Zealand has shortlisted contractors to build a liquefied natural gas (LNG) import facility to boost energy security, provide a reliable backup power source and support economic growth, Energy Minister Simon Watts said on Monday.The government…
https://www.marinelink.com/news/new-zealand-moves-ahead-lng-import-535477
https://www.marinelink.com/news/new-zealand-moves-ahead-lng-import-535477Nexra, Cadeler’s dedicated service concept, has signed a firm contract for the execution of an offshore wind operations and maintenance (O&M) campaign in Taiwan.The contract, with an undisclosed client, has an expected value exceeding $23.6…
https://www.marinelink.com/news/cadelers-nexra-lines-om-campaign-taiwan-535478
https://www.marinelink.com/news/cadelers-nexra-lines-om-campaign-taiwan-535478Belgian oil tanker group CMB.TECH has agreed to sell two very large crude carriers (VLCCs) in a transaction expected to generate a capital gain of about $98.2 million.The vessels sold are 2012-built, 314,000 dwt Ingrid and Ilma VLCCs.The ships…
https://www.marinelink.com/news/cmbtech-record-m-gain-sale-two-oil-535479
https://www.marinelink.com/news/cmbtech-record-m-gain-sale-two-oil-535479AET signed an agreement for its first hybrid electric Dynamic Positioning Shuttle Tanker (DPST), designed to be dual-fuel, lower-emissions-ready and secured on long-term charter. AET operates one of the world’s largest DPST fleets, with 17 vessels deployed across Brazil and Norway…
https://www.marinelink.com/news/aet-adds-hybrid-electric-dynamic-535483
https://www.marinelink.com/news/aet-adds-hybrid-electric-dynamic-535483Caudwell Marine hosted an industry launch briefing for the AX300 Diesel Outboard alongside its participation in the Maldives Marine Expo.The Maldives is characterized by high-utilization fleets, long daily run hours and year-round exposure to heat, saltwater and heavy operational loads.
https://www.marinelink.com/news/caudwell-presents-ax-diesel-outboard-535484
https://www.marinelink.com/news/caudwell-presents-ax-diesel-outboard-535484In many maritime organizations, the most effective people in shore-based leadership roles are those who have spent meaningful time onboard. Designated Persons Ashore and Port Captains often earn their positions not because of spreadsheets or policy expertise…
https://www.marinelink.com/news/training-shore-think-ship-535485
https://www.marinelink.com/news/training-shore-think-ship-535485Oilfield services firm Transocean RIG.Nsaid on Monday it will acquire peer Valaris VAL.N in an all-stock deal valued at $5.8 billion, expanding its exposure across deepwater, harsh-environment and shallow-water basins worldwide.Transocean shares were down 4% at $5.16…
https://www.marinelink.com/news/transocean-acquire-valaris-b-535486
https://www.marinelink.com/news/transocean-acquire-valaris-b-535486U.S. military forces boarded a crude oil tanker in the Indian Ocean after pursuing it from the Caribbean, Defense Secretary Pete Hegseth said on Monday, accusing the vessel of breaching Washington's blockade on sanctioned vessels traveling to or from Venezuela."Overnight, U.S.
https://www.marinelink.com/news/us-military-boards-suezmax-tanker-aquila-535487
https://www.marinelink.com/news/us-military-boards-suezmax-tanker-aquila-535487Bureau Veritas Marine & Offshore (BV) has granted an Approval in Principle (AiP) to Greenroom Robotics for its maritime autonomy software, GAMA. This is the first time a maritime autonomy software, enabling self-navigation has been granted AiP by Bureau Veritas…
https://www.marinelink.com/news/bureau-veritas-grants-aip-greenroom-535490
https://www.marinelink.com/news/bureau-veritas-grants-aip-greenroom-535490