These vessels will be deployed at the Baleine field under a 15-year firm contract, with Phase 2 expected to start in the fourth quarter of 2024.

Set to enter both the US and European markets in 2024, this vessel is designed to address the growing need for larger crew transfer vessels in the offshore wind industry while prioritizing stability, cost-effectiveness, and operability.

Under this fleet-wide contract, both new build and existing offshore support vessels in the RVOS fleet will be equipped with Praxis dynamic positioning systems, along with customized equipment and software for fleet digitization, implemented in phases as agreed with RVOS.

As part of the transaction, BW Offshore has entered into a bareboat charter with STAC to ensure uninterrupted operations for the client during a transition period of up to two months.

Abu Dhabi-based Ocean Oilfield Integrated Solutions has embarked on a significant maintenance and upgrade project for a jack-up barge, a contract awarded by Gulf Marine Services.

This development follows a fresh sales process initiated in May to identify a new buyer for Shell's stake after the supermajor announced its withdrawal from the project in December 2021.

The move is in line with Adnoc L&S's growth strategy, enhancing its integrated logistics and shipping capabilities.

The financing involves a consortium of seven international banks.

This move aligns with ADNOC Drilling's strategy to expand its fleet, aiming to meet production capacity targets set by ADNOC.

This innovation could lead to fuel and emissions savings of up to 30%.