Nauticus Robotics has completed the first prototype of its next-generation electric manipulator, marking a milestone in the company's strategy to expand its portfolio of autonomous subsea intervention technologies.The manipulator has been designed…
Keppel has launched a program to monetize up to 10 legacy offshore drilling rigs through a newly established Keppel Offshore Fund (KOF), in a transaction valued at approximately $2.86 billion (S$3.7 billion) that will expand its funds under management and generate proceeds from non-core assets…
Talos Energy has agreed to acquire a 50% working interest in Block 29 offshore Mexico from Repsol, expanding its international portfolio with a pre-final investment decision oil development that includes more than 200 million barrels of oil equivalent of estimated recoverable resources…
Eni and TotalEnergies have taken a final investment decision (FID) to develop the Cronos gas field offshore Cyprus, paving the way for the country's first gas project and creating a new liquefied natural gas (LNG) export route to Europe via existing infrastructure in Egypt…
Baker Hughes said on Monday it expects annual global spending by oil and gas producers to decline modestly this year, with growth in Latin America, offshore Africa, and North America land offset by lower spending in Europe and the Middle East…
Italian oil and gas contractor Saipem on Monday revised down its expectations for 2026 core earnings to take into account extra costs linked to the Middle East crisis.The de-consolidation of its shallow-water drilling business, which Saipem recently sold…
Apollo Global Management will invest $1.5 billion in Singapore-based Keppel's new private fund that will hold six operational oil rigs, the two companies said on Monday.The deal will help Keppel monetise its non-core assets and unlock capital for re-investment…
Baker Hughes has secured a major order from Venture Global LNG to supply liquefaction technology for the expansion of the CP2 LNG project in Louisiana, extending the companies' long-standing partnership in U.S. liquefied natural gas development…
Seatrium Offshore Renewable Services (ORS) has begun construction of a new operations hub in the UK to expand its offshore wind capabilities and support a growing pipeline of renewable energy projects across Europe.The new facility in Lowestoft…
The Western Australian government has granted State Significant Project status to the proposed Browse to North West Shelf Project, providing priority government support as the Woodside-led Browse Joint Venture advances the offshore gas development through approvals…
Saipem has won two contracts from Eni worth a combined $910 million (€800 million) for work on the Baleine Phase 3 offshore development in Ivory Coast and the expansion of biofuel production capacity at Enilive's Venice biorefinery in Italy…
Portuguese energy company Galp Energia posted a 45% jump in second-quarter adjusted net profit on Monday, boosted by higher oil output in Brazil and stronger crude prices and refining margins brought on by Iran war supply disruptions.The company raised its earnings guidance for the year…
Serica Energy has agreed to acquire Pharos Energy in a cash deal valuing the London-listed oil and gas producer at approximately $194.5 million (£145.7 million), prompting Pharos to withdraw its recommendation for a rival takeover offer from Ratio Petroleum…
KOIL Energy has secured its first contract in Brazil for subsea umbilical maintenance services, marking the company's entry into the world's largest deepwater offshore market.The contract covers the re-termination and testing of subsea umbilical components…
Dutch offshore contractor Allseas has completed one of the most extensive renewal and upgrade programs in the history of its pipelay vessel Solitaire, paving the way for the ship's return to commercial operations following 10 months of work in Rotterdam…