Equinor on Wednesday reported a sharp rise in second-quarter profits, as expected, lifted by a surge in oil and gas prices as the war in the Middle East disrupted global energy supplies.The Norwegian group's adjusted earnings before tax for the April to June period rose to $11…
CorPower Ocean has been awarded the world’s first DNV Prototype Certificate for a wave energy converter (WEC), marking a major leap towards bankable, utility-scale wave energy.The CorPower C4 has been certified by DNV under DNV-SE-0120, Certification of Wave Energy Converters and Arrays…
Norway's combined oil and gas production exceeded an official forecast by 3% in June, the Norwegian Offshore Directorate (NOD) said on Tuesday.Norway is Europe's largest supplier of natural gas and a major producer of oil, but output varies…
ADNOC has made a $6.2 billion final investment decision (FID) to develop the Umm Shaif Gas Cap project offshore Abu Dhabi with partners TotalEnergies, Eni and China National Petroleum Corporation (CNPC).The development is expected to produce…
Vår Energi and BlueNord have agreed to combine their businesses in a cash-and-shares transaction that will expand Vår Energi into Denmark and create what the companies said would be Europe's largest independent oil and gas producer.The transaction…
Oceaneering International, Inc. announced that its Integrity Management and Digital Solutions (IMDS) segment has been awarded a five-year inspection and asset integrity services contract by a Qatar-based oil company. The contract includes two optional one-year extensions…
Malaysia-based offshore drilling contractor Velesto Energy has mutually agreed with PC Ketapang II, PC North Madura II and PETRONAS North Ketapang to terminate, without cause, a contract for the NAGA 8 jack-up drilling rig offshore Indonesia…
OneSubsea, a joint venture backed by SLB, Aker Solutions and Subsea7, has secured two contracts from Vår Energi covering subsea production infrastructure at the Balder and Goliat fields offshore Norway.The first contract covers the design and…
Karoon Energy has returned all production wells at its Baúna project offshore Brazil to service after restarting the PRA-2 well, lifting field output to about 22,000 barrels of oil per day (bpd).Production from the PRA-2 well resumed on July…
Odfjell Drilling has received confirmation from Aker BP that the firm contract for the Deepsea Nordkapp semi-submersible rig has been extended by one year.The extension increases the rig's firm backlog through the end of 2028, after which Aker BP retains further extension options…
Jadestone Energy has brought the second well in its 2026 Malaysia infill drilling campaign onstream at 2,800 barrels of oil per day (bpd), extending the program that has increased production from the East Belumut field by more than 150%, or about 6…
Saudi Arabian oil and gas drilling contractor ADES Holding has secured two offshore drilling contracts in Nigeria and the U.K. North Sea, worth $229 million combined, strengthening its backlog and jack-up fleet utilization.The larger of the…
Belgium marine contractor DEME has secured a contract to transport and install foundations for the first phase of the Zeevonk offshore wind farm in the Netherlands.The project, jointly owned by Vattenfall and Copenhagen Infrastructure Partners through its Energy Transition Fund I…
OMV Petrom and Romania's Romgaz have completed the installation of the offshore production platform for the Neptun Deep natural gas project in the Black Sea, marking a major milestone as the development remains on track to start production in 2027…
Plexus Holdings has signed a two-year engineering agreement with Cactus Wellhead to develop and qualify a range of wellhead products for offshore energy applications.Under the agreement, Plexus will provide engineering, analysis and testing services…