MISC reports steady growth in the global FPSO market amid increased offshore activity and new contracts. In the second quarter of 2026, operating profit rose by 56.1%, while revenue increased by 76.1%.
Anna Maskolo, who previously held executive positions at Shell, is moving to one of the key roles at the Danish wind energy company Vestas. She will be responsible for project development in Northern and Central Europe, as well as overseeing global offshore operations.
South Korean company Hanwha Ocean is implementing a standardization strategy for floating production storage and offloading units (FPSOs) to increase efficiency and shorten project delivery times. The company is strengthening its position in the global market, reporting significant profit growth and participating in new offshore projects.
The United Kingdom has once again put up for auction a site for the construction of the Morgan offshore wind farm, with a capacity of up to 1.5 GW, in the Irish Sea. The simplified developer selection process will help maintain the progress already achieved and support the continued development of the country's renewable energy sector.
SLB increased its revenue in the second quarter amid growing offshore activity, despite a decline in profits. The company's financial results exceeded expectations, leading to a rise in its share price.
Shell has filed a second lawsuit against its former partners in the Laminaria-Corallina project, seeking compensation for the costs of decommissioning the Northern Endeavour floating facility. The total amount of the company's claims is approximately 170 million Australian dollars.