CM Energy is progressing work on an integrated cable-handling and marine equipment package for a new Asso.subsea vessel, expanding its involvement in the European offshore wind market.The contract covers specialist cable-handling equipment and associated marine systems for the vessel…
Sub-Saharan Africa (SSA) is set to play a defining role in the Majors’ next phase of growth. With capital discipline having constrained investment in recent years, base production across the peer group’s portfolios will decline before the end of the decade…
Worley has signed a reimbursable engineering, procurement and construction (EPC) contract with Venture Global for the CP2 Expansion project in Louisiana, United States, ahead of a planned final investment decision in early 2027.The agreement…
Malaysia's Velesto Energy has secured a contract from Petronas Carigali for its NAGA 3 jack-up drilling rig, covering one firm well and an option for a second well.The contract was awarded through Velesto's wholly-owned subsidiary, Velesto Drilling…
Subsea7 has agreed to sell its Seaway7 heavy transportation business, comprising six semi-submersible vessels, to HEA Energy in a transaction linked to its proposed merger with Saipem.The sale covers six open-deck semi-submersible heavy transportation vessels…
Vattenfall has signed final agreements with the Danish Energy Agency for two offshore wind projects with a combined minimum capacity of 1.8 GW, advancing developments expected to become operational by 2032.The agreements cover the Hesselø and Holmsland offshore wind farms…
Petrobras has secured Approval in Principle (AiP) from Lloyd's Register (LR) for the conceptual design of its proposed REVIT I TUPI floating production, storage and offloading (FPSO) unit, advancing the redevelopment of the Tupi oil field offshore Brazil…
Italian engineering, certification and consulting company RINA has secured a three-year contract worth $12.3 million (€11 million) from Petrobras to provide engineering and technical assessments covering the integrity, maintenance and decommissioning of subsea infrastructure in Brazil…
Tenaris has secured contracts to supply pipes, offshore drilling tubulars and coating services for the Cronos gas development offshore Cyprus, operated by Eni in partnership with TotalEnergies.The contracts cover line pipe and oil country tubular…
Oil prices are set for a sharp weekly drop on expectations of a de-escalation of the Iran war after US President Donald Trump's party suffered election losses, but Middle East supply concerns from the conflict continue to provide a floor for the market…
Finland will put four offshore wind areas in the Nordic country's exclusive economic zone out to tender, with the first auction possible in early 2027, the government said in a statement on Thursday.The areas are located in the Bothnian Sea and the Bothnian Bay…
Often overshadowed by the towering jackup and ultra-deepwater floating rig fleets that dominate offshore headlines, tender-assist rigs are enjoying a resurgence in Southeast Asia. While they represent a relatively small niche of the global offshore drilling market…
OneSubsea joint venture, backed by SLB, Aker Solutions and Subsea7, has secured a contract from Aker BP to supply subsea production systems, umbilicals and associated services for the Lyra field development offshore Norway.The field, formerly known as Kjøttkake…
Vard has started construction of the UPO Atlantic commissioning service operation vessel (CSOV) for U-Ming Purus Offshore (UPO), following a steel-cutting ceremony at its Vard Vung Tau shipyard in Vietnam.The ceremony, held on November 2, marked the first construction milestone for the vessel…
The 704 MW Revolution Wind offshore wind farm in the United States, developed by Ørsted and Skyborn Renewables, has been fully commissioned and is now delivering electricity under its offtake contracts with utilities in Rhode Island and Connecticut…