Oilfield services firm Archer has signed a five-year contract with Repsol Resources UK for platform drilling services, facilities engineering, coil tubing, wireline services, and downhole well service technologies.The agreement also includes a two-year optional extension…
Equinor Brasil Energia, a subsidiary of Equinor, has entered into agreements with Brazilian company Prio Tigris, a subsidiary of PRIO, for the sale of its 60% operated interest in the Peregrino field, offshore Brazil.PRIO, Brazil’s largest independent oil and gas company…
Shell on Friday reported a 28% drop in first-quarter net profit to $5.58 billion, beating analyst expectations, and kept the pace of its share buyback programme steady amid falling oil prices and lower refining margins than last year.It said it would buy back $3…
Shell Offshore and Shell Pipeline Company (SPLC), subsidiaries of Shell, have completed the previously announced agreement to increase their stake in the Ursa platform in the Gulf of America through the acquisition of working interest from ConocoPhillips…
Equinor stands to lose billions of dollars on its massive wind power project offshore the state of New York unless U.S. President Donald Trump's administration reverses a decision to halt the construction, the Norwegian group said on Wednesday…
Researchers at Heriot-Watt University have developed an advanced simulation tool that accurately predicts underwater landslides caused by offshore wind turbines.The new method enables developers to assess seabed stability not only at the design stage but throughout a wind farm’s lifespan…
Micropiling technology specialist Subsea Micropiles has installed its micropile anchor solution for Orkney Harbour Authority (OHA) in Scotland, adapted to both floating and bottom-fixed offshore wind.Following a period of intensive development with over $13 million invested in R&D…
French energy giant TotalEnergies and OQ Exploration and Production (OQEP), Oman's national oil company, have held the ground breaking ceremony for the Marsa LNG plant, marking the start of construction of the Marsa LNG plant in the port of Sohar…
Offshore drilling company Valaris has secured over $1 billion of new contracts and extension for its drilling rigs since its previous fleet status report published mid-February 2025.Valaris’ contract backlog, excluding lump sum payments such as mobilization fees and capital reimbursements…
The first European built CO2 carrier, dedicated for work at the Greensand carbon capture and storage (CCS) project, will be christened and launched on May 14, 2025.All ship sections of the vessel have now been successfully constructed and assembled…
Ørsted has completed a 24.5% stake divestment in West of Duddon Sands offshore wind farm to funds managed by Schroders Greencoat for approximately $610 million.Located approximately 14 km off the U.K. west coast, West of Duddon Sands has been operating since 2014 and has a capacity of 389 MW…
TM Edison, a consortium of Belgian marine construction companies DEME and Jan De Nul, has installed the first two of a total 23 caissons in the Belgian North Sea, marking the start of construction for the Princess Elisabeth Island, the ‘world’s first’ artificial energy island…
Jan De Nul has kicked off the installation campaign of the monopile foundations for RWE’s Thor offshore wind farm, completing the installation of the first of 72 monopiles with its heavy-lift vessel Les Alizés.When finished, Denmark’s largest…
A final investment decision on TotalEnergies' new Cyprus gas project could come in 2026, CEO Patrick Pouyanne told analysts on Wednesday, with deliveries expected in 2028 or 2029.The French oil major is developing Block 6 at the Cronos gas field in a 50-50 joint venture with Italy's Eni…
Energy industry services firm EnerMech has secured a contract from oil company LLOG for pre-commissioning services at the Salamanca platform in the Gulf of America.The contract covers hydrotesting and nitrogen dewatering of three 8-inch infield flowlines…
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