Norwegian offshore vessel owner DOF Group has secured a subsea installation contract in Africa, with its Skandi Acergy construction support vessel (CSV) scheduled to undertake the offshore campaign in early 2027.The contract, valued at between $15 million and $25 million…
OneSubsea has completed a joint industry project in Brazil with TotalEnergies, Equinor, BP and Chevron to develop and qualify fully electric subsea production technologies for applications in water depths of up to 3,000 meters.The Brazil All-Electric Joint Industry Project (JIP)…
Oil prices rallied over $2 a barrel on Thursday after more Houthi attacks in Saudi Arabia stoked concerns over a broader escalation of conflict and further disruptions to crude supplies from the world's key exporting region.Brent crude futures LCOc1 climbed$2…
Chevron is exploring the sale of some of its older oil and gas assets in the US Gulf, the company confirmed to Reuters, part of an effort to focus on high-growth developments in the region.The energy producer is in the early stages of a multi…
Masirah Oil has started operations on the first well of its infill drilling campaign at the Yumna oil field offshore Oman, following several delays to the development program earlier in 2026.The company announced the start of operations on October 21…
OEG Marine Services has ordered three additional crew transfer vessels (CTVs) from Diverse Marine, expanding its offshore wind support fleet under a newbuilding program scheduled for delivery throughout 2027.The vessels will be built to the BREVITY SL Class design developed by Chartwell Marine…
Perenco UK has completed the decommissioning of the Leman South and Durango subsea assets in the UK Southern North Sea, using Petrodec's HAEVA jack-up vessel to plug and abandon the wells and remove associated subsea infrastructure.The two projects…
Oil and gas company Perenco has restarted production at the Foukanda field offshore Congo following the installation of new infrastructure connecting the field directly to its own facilities.Production resumed on September 15 at a rate of 2…
TechnipFMC and BP have signed a memorandum of understanding (MoU) to explore cooperation on the supply of high-pressure subsea production systems for BP's Paleogene oil developments in the U.S. Gulf.The agreement, announced on October 20, establishes…
Egypt and Chevron have signed an agreement establishing the fiscal framework for developing and connecting Cyprus’ offshore Aphrodite gas to Egyptian gas infrastructure, marking another step towards transporting gas from the Eastern Mediterranean field to Egypt…
Australia's Woodside Energy on Wednesday trimmed the top end of its annual production forecast and said it would scale back its investment in a lower-carbon ammonia project in the US due to slower demand.The country's top independent oil and…
Norway's Vaar Energi raised its cash dividend for a second consecutive quarter on Wednesday and reported a doubling of its third-quarter operating profit from a year earlier, supported by higher oil and gas prices.The company reported its July-September earnings before interest and tax (EBIT) at $2…
The U.K. government has approved the Jackdaw offshore gas field operated by Adura, a joint venture between Shell and Equinor, clearing the way for the project to begin supplying gas within weeks.The decision, announced by Adura on October 21…
DNV has become the first non-Japanese recognized organization authorized by Japan's Flag Administration to apply floating offshore wind classification rules in the country.The authorization allows DNV to apply its floating offshore wind rules within Japan's regulatory framework…
Saitec Offshore Technologies and Japan's Kansai Electric Power Company (KEPCO) have agreed to extend operations at the 2 MW DemoSATH floating offshore wind demonstrator in Spain through 2027, with Japanese construction company Kumagai Gumi joining the project as a new partner…