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WATCH: ‘Engineering marvel’ performed as McDermott joins mega-structures destined for Australian project

U.S. offshore engineering and construction player McDermott has completed its portion of work on the floating production unit (FPU) to be deployed at a project off Western Australia spearheaded by Australian energy giant Woodside Energy.
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Russia to pump over $6B into shipbuilding as part of big plan to revitalize its maritime industry

The Russian government has unveiled a massive plan to build hundreds of new ‘civilian’ vessels by 2050, upgrade its shipbuilding capability, and increase the workforce in the maritime domain.
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Transocean, Noble, Valaris, Seadrill, ADES, and Shelf Drilling get hold of $31 billion backlog: Is rig demand tapering off?

Transocean, Noble Corporation, Valaris, Seadrill, Shelf Drilling, and ADES have reported a combined total backlog of $31.17 billion in the first quarter of 2025.
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Transocean, Noble, Valaris, Seadrill, ADES, and Shelf Drilling get hold of $31 billion backlog: Is rig demand tapering off? Read More »