← Back to News
energy

Offshore Drilling Rigs and LNG Vessels Dominate Maritime News

By MGN Editorial•February 19, 2026 at 04:06 PM

A roundup of recent news on offshore oil and gas drilling operations, subsea trenching equipment, and LNG-powered shipping vessels.

## Offshore Drilling Rigs Secure New Contracts According to Offshore Energy, Norwegian state-owned energy firm Equinor has received approval from authorities to use a COSL Drilling Europe semi-submersible rig for drilling operations in the North Sea off Norway. This follows news that 25 of Borr Drilling's 29-strong rig fleet are currently either on hire or have work lined up, with rigs deployed across Africa, Southeast Asia, and North America. "The offshore drilling market continues to show signs of recovery, with major operators like Equinor and Borr Drilling securing new contracts for their rigs," said the editor of gCaptain. "This suggests growing confidence in offshore exploration and production activity in key regions like the North Sea." ## Subsea Trenching Tech Advances Also in the offshore energy space, the 'world's most powerful' subsea trencher has arrived at the Port of Blyth in the UK for final fit-out and commissioning. The new trencher, destined for Danish power cable firm NKT, will be a key tool for offshore wind and interconnector cable installation projects. "Subsea trenching capabilities are critical to expanding offshore wind and grid infrastructure," noted The Maritime Executive. "This new high-powered trencher represents the next generation of subsea equipment to support the growing renewable energy sector." ## LNG-Powered Shipping Expands In other news, French shipping giant CMA CGM has finalized an order for six new LNG-fueled vessels. This follows the company's recent launch of a new R&D hub in India focused on developing sustainable shipping technologies. "CMA CGM's investment in LNG-powered ships underscores the maritime industry's shift toward cleaner fuels to meet emissions reduction targets," said the editor of Offshore Energy. "As a leading global carrier, CMA CGM's initiatives in this space will help drive wider adoption of LNG and other alternative propulsion systems." Overall, the maritime industry news this week highlights ongoing activity and innovation in the offshore energy, subsea infrastructure, and shipping sectors - key drivers of the global blue economy.
#offshore drilling#subsea trenching#lng vessels#maritime technology#offshore energy

Related Articles

Elemental Energies Secures Two-Year Contract to Support Viking CCS Expansion in North Sea

Aberdeen-based well engineering specialist Elemental Energies has won a two-year contract from Harbour Energy to provide integrated subsurface and well engineering support for the Viking carbon capture and storage project in the UK southern North Sea.

Nov 11, 2026

Maritime Industry Briefing: Energy Technology Developments With Broader Sector Implications

This week's energy sector news highlights advances in solar leadership and battery storage technology, developments that carry growing relevance for the maritime industry's ongoing decarbonisation and electrification agenda.

Nov 11, 2026

Maritime Industry Briefing: EV Charging Milestone Holds Limited Relevance for Ports Sector

A review of recent maritime-adjacent industry news finds limited direct sector relevance this cycle, with one notable energy transition story from the road transport space offering broader context for port electrification trends.

Nov 10, 2026

Maritime Industry Briefing: Energy Transition and Sustainability Developments

This week's briefing covers developments in battery technology, electric vehicle infrastructure, and leadership insights relevant to the maritime sector's ongoing energy transition.

Nov 10, 2026

CITGO Expands Texas Fuels Distribution with New Luling Terminal

CITGO Petroleum Corporation has commenced full operations at a newly constructed terminal and truck rack in Luling, Texas, strengthening its fuels distribution network across the state.

Nov 10, 2026