Workover News

The diplomatic route in Iran is now exhausted, as last night the United States and Israel attacked Iran, sharply escalating security risks for commercial shipping in the Persian Gulf and adjacent waters, prompting immediate operational and insurance repercussions across the global maritime sector.According to Jakob Larsen, Chief Safety & Security Officer at BIMCO, the attacks “dramatically increase the security risk to ships operating in the Persian Gulf and adjacent waters,” particularly for vessels with business ties to U.S.

Germany’s Ernst Russ has acquired two multi-purpose vessels, MV Ronnie and MV Charlie, as part of its long-term fleet strategy to expand exposure to the project cargo segment and strengthen predictable earnings.The Hamburg-based shipowner said both vessels have been fixed on seven-year charters to dship Carriers, a globally operating European company specialized in project cargo, providing long-term employment and improved cash flow visibility.The vessels, scheduled for handover in the first quarter of 2026…

The Bureau of Ocean Energy Management announced proposed revisions to its regulations governing hard mineral resources on the U.S. Outer Continental Shelf aiming to advance exploration and development of critical minerals essential to national security, economic competitiveness and technological progress.These proposed updates align with Executive Orders 14285 and 14154, which prioritize unleashing America’s potential to explore and develop OCS critical mineral resources. The updates also support Executive Order 14192…

Norway-based subsea well intervention and installation services company AKOFS Offshore has signed a firm contract with Petrobras for its Aker Wayfarer vessel.AKOFS Offshore, majority owned by Akastor, said the 2010-built vessel will continue to perform services as a Subsea Equipment Support Vessel (SESV) for Petrobras in Brazil.The contract, valued at $330 million, has a duration of four years, with operations expected to begin in September 2027, following the expiry of the current…

DOF Group ASA announced the award of a substantial contract for a project in Argentina. The project is scheduled for offshore operations across two campaigns in Q2 and Q3-Q4 of 2026 and will encompass mooring pre-lay, pipeline end manifold installation/construction management, tie-in spools installation, hook-up and pre-commissioning of two CALM buoys, and diving services. DOF will utilize Skandi Hera and Skandi Patagonia for the project with an expected combined duration of more than 250 days.Preparations are underway…

Martens en Van Oord, a contractor in roadworks, civil and hydraulic engineering, is taking a step toward further sustainability and modernization of its fleet by investing in the latest generation of the V4000 autonomous unmanned survey vessel (USV) from Demcon unmanned systems, a specialist in high-tech autonomous vessels for hydrographic and maritime applications. The selected 4‑meter variant provides increased range and longer endurance thanks to the additional hull length…

BW Offshore has unveiled a floating blue ammonia FPSO concept developed in collaboration with McDermott International, combining offshore production, carbon capture and direct export to convert surplus natural gas into lower-carbon fuel.The floating production, storage and offloading (FPSO) concept is designed to process up to 3 million cubic meters of gas per day, producing more than one million tonnes of ammonia annually.It incorporates carbon capture technology designed to…

Progress on the BorWin6 Project continues with the successful completion of a fabrication yard milestone in Jebel Ali, United Arab Emirates. Mammoet has completed the transport, loadout and mooring of the 5,461-ton offshore jacket foundation, set to support the BorWin6 offshore converter platform BorWin kappa in the German North Sea. Developed by TenneT and delivered by McDermott International, the BorWin6 offshore grid connection is a 980-megawatt high voltage direct current connection that will transmit offshore wind energy from the German North Sea to the mainland…

MacGregor has been selected to supply a substantial 400-tonne Active Heave Compensated (AHC) subsea crane for a new 127-meter Floating Wind Farm Construction Vessel (FWCV).Purpose-built for the burgeoning floating offshore wind market, the new vessel is a significant development for the industry and requires one of the largest subsea AHC cranes ordered in recent years.The order is booked into MacGregor's first quarter 2026 order intake.The contract for MacGregor is with Chinese shipyard, Jiangsu Dajin Heavy Industry.

Seatrium has completed divested its AmFELS Yard located at Brownsville in Texas to Karpower Valley, a related party of Karpowership.The divestment, first announced in September 2025 and completed on January 30, 2026, will allow Seatrium to enhance capital and operational efficiencies, while unlocking value from one of its surplus facilities, the company said at the time.All projects carried out at the AmFELS yard have been completed and delivered prior to completion the asset sale…

Vard, the Norwegian subsidiary of the Fincantieri Group, has delivered the second Commissioning Service Operation Vessel (CSOV) to Windward Offshore, named Windward Paris.The naming ceremony was held at the delivery yard, Vard Brattvaag in Norway on January 28, 2026.Windward Paris is the second CSOV Vard has delivered to Windward Offshore, one week before contractual delivery date.The first vessel Windward Athens, delivered on time in September 2025, is currently operating under an O&M contract…

European governments including Germany, Britain and Denmark will reinforce their plans to massively expand wind power projects on Monday, despite U.S. President Donald Trump stepping up criticism of their green energy agenda, a draft declaration due to be signed by government leaders showed.Trump has been openly critical of European countries' efforts to shift to low-carbon energy.

The Arab Shipbuilding and Repair Yard Company (ASRY) has completed several rig repair and upgrade projects for Saudi-based ADES Holding, strengthening the partnership between the two companies.In 2025, several ADES jack-up rigs underwent major works at ASRY’s facilities in Bahrain.The ADM-501 and ADM-504 units were prepared earlier in the year for drilling operations in Nigeria, while upgrade works on ADM-503 and ADM-511 were recently finalized ahead of upcoming drilling campaigns…

Floatel International has selected Semco Maritime’s Hanøytangen facility outside Bergen in Norway, to perform a series of modifications and service works on the Floatel Endurance rig ahead of an upcoming contract on the Norwegian Continental Shelf.Following completion of its current assignment in Canada, Floatel Endurance will sail across the Atlantic to Hanøytangen, arriving in the first quarter of 2026 for yard stay and energy optimization works.Under the contract, Semco Maritime will be in charge of thruster removal and overhaul…

Jumbo Offshore has signed two contracts for the Transport and Installation (T&I) of Transition Pieces (TPs) for an upcoming offshore wind farm development.Jumbo Offshore will install the TPs using one of its two DP2 heavy-lift vessels during the project campaigns.In addition to T&I, the awarded scope includes full management and operation of the marshalling yard.This includes responsibility for receiving the TPs from the transport vessel at the quayside, transferring them to the storage area…

Eastern Shipbuilding Group (ESG) completed and redelivered HOS Rocinante, a first-of-its-kind U.S.-flagged Service Operation Vessel (SOV) converted for Hornbeck Offshore Services.The vessel marks a milestone in the evolution of the U.S. offshore service fleet to be future-ready for both the offshore wind and petro-energy sector demands for broadly capable marine support vessels.Originally built by ESG as an offshore supply vessel, HOS Rocinante unerwent extensive conversion at ESG’s Allanton and Port St Joe Shipyards in Panama City…

Norwegian offshore vessel owner and subsea services provider DOF Group has secured several new project awards in the Atlantic region and a separate contract in North America with Shell.The Atlantic region awards, amounting to over $60 million, will be executed primarily using DOF’s regional fleet during the fourth quarter of 2025 and the first quarter of 2026. The contracts represent more than 250 firm vessel days, excluding optional work.In West Africa, DOF will deploy Skandi Hera and Skandi Master under direct contracts with an operator.

ABS issued approval in principle (AIP) to Hanwha Ocean Co. Ltd. for remote control functions for FPSO units.ABS completed design reviews based on the ABS Requirements for Autonomous and Remote-Control Functions.The project is part of the Offshore Technology Collaboration Agreement (OTCA) between ABS and Hanwha Ocean, which enables the companies to collaborate on a series of cutting-edge projects leveraging each company’s core competencies under three broad themes: sustainability…

Kongsberg Maritime has signed a major contract with Sea1 Offshore to deliver Launch and Recovery Systems (LARS) for the company’s four new offshore construction vessels. Each vessel will be equipped with two advanced LARS units, supporting subsea construction and ROV operations.The scope of supply per vessel includes two telescopic A-frames, fully electrical umbilical winches, energy efficient hydraulic power units, and a dedicated control system. Each system offers a safe working load of 15 tonnes (vehicle dry weight) and winch cable capacity of 4…

Van Oord has completed the transport and installation of all 21 monopiles at Iberdrola’s Windanker offshore wind farm.This achievement involved the largest monopiles Van Oord has ever installed, made possible by earlier upgrades to its heavy lift installation vessel Svanen, which is now equipped to manage next-generation offshore wind monopile foundations.Van Oord’s scope of work included loading the monopiles at the fabrication site in Spain and transporting them to the Port of Rønne, Denmark.

Belgian offshore contractor Jan De Nul has concluded the 2025 transport and installation campaign of three HVAC grid connection cables at TenneT’s DolWin kappa platform.When finalized, these cables will ensure the transport of almost 660 MW renewable electricity from two offshore wind farms, which is enough energy needed to power more than 800,000 German homes.Jan De Nul and partner Hellenic Cables are responsible for design, production, transport, installation and protection of three 155 kV HVAC cables with a total length of 37 km.

Drydocks World, a unit of Dubai-owned ports and logistics group DP World, has signed a contract with Dixstone Lower Gulf FZCO to convert an LNG carrier into a floating storage unit (FSU) for use in Gabon’s offshore gas development.The engineering, procurement and construction project will see the LNG carrier transformed into the FSU Cap Lopez, supporting Gabon’s floating LNG development by enabling offshore gas liquefaction, storage and export.The project is also expected to contribute…

Lebanon and Cyprus signed a long-awaited maritime demarcation deal on Wednesday, paving the way for potential exploration of offshore gas fields and energy cooperation in the Mediterranean.Lebanese President Joseph Aoun and Cypriot President Nikos Christodoulides signed the agreement at Lebanon's presidential palace and told reporters it would signal deeper cooperation between Lebanon, European Union-member Cyprus and the broader EU."This is a historical agreement, concluding an issue pending for many years and now look forward to what our countries can jointly create…