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Shipping Finance

Stay up to date with the latest in Shipping Finance— covering market updates, regulatory changes, vessel activity, and expert commentary from top maritime sources.
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DOF to build four green vessels for 12-year contracts with Petrobras

06 May, 2026
Norwegian DOF Group is set to construct four ROV support vessels (RSVs) that will be deployed for respective 12-year charter/service contracts with Brazilian oil & gas giant Petrobras. Following a competitive tender process, DOF has bee...

Valaris’ batch of rig deals lifts total contract backlog to $4.9 billion

05 May, 2026
Bermuda-incorporated offshore drilling contractor Valaris has secured new rig assignments and contract extensions in Brazil, Brunei, Indonesia, and the UK and Dutch sectors of the North Sea. Valaris 123, formerly Ensco 123, jack-up rig; Sou...

Saipem’s Castoro 10 starts pipelaying on Romania’s €4 billion natural gas project

05 May, 2026
Saipem’s 165-meter-long pipelay vessel Castoro 10 has begun the construction of an offshore pipeline in the Romanian part of the Black Sea that will transport natural gas from an offshore production platform to shore as part of the Neptun D...

Petrobras, Shell, TotalEnergies, and Petrogal formalize production split for Brazilian oil field duo

05 May, 2026
Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP) has disclosed the go-ahead for the production individualization agreements (AIPs) for shared reservoirs in the pre-salt layer of the Santos Basin. FPSO P68 operating in t...

Shell and Kosmos put US Gulf hydrocarbon prospect on their 2027 drilling agenda

05 May, 2026
U.S.-headquartered oil and gas exploration and production company Kosmos Energy and its partner, Shell, are planning to spud a prospect in the Gulf of America (U.S. Gulf of Mexico) next year. Shell’s Appomattox platform in the U.S. Gulf; So...

70 more offshore exploration blocks widen Norway’s new oil & gas licensing round

05 May, 2026
Norway’s Ministry of Petroleum and Energy has shed light on the expanded award in pre-defined areas 2026 (APA 2026) round for oil and gas exploration activity, encompassing predefined areas on the Norwegian Continental Shelf (NCS), with blo...

North Sea field’s start-up augments Europe’s gas arsenal 48-years after discovery

05 May, 2026
Norwegian state-owned energy giant Equinor has brought online a subsea tie-back development in the North Sea off the coast of Norway, unleashing more gas supplies for the European market. Gina Krog; Source: Orlen Equinor, as the operator (5...

‘Substantial’ contract prolongs DOF vessel’s stay in Asia Pacific

05 May, 2026
DOF Group has secured a contract valued at between $25 million and $50 million for subsea commissioning services in the Asia-Pacific (APAC) region which will begin next year. Skandi Inventor. Source: DOF The contract, defined as substantial...