Paradigm Drilling Services has appointed Wes Heiskell as Well Construction & Intervention Director – North America.Based in Paradigm’s Houston office, Heiskell brings almost 40 years of experience, with a distinguished career spanning operations…
Blackstone is in talks to sell its Beacon Offshore Energy, which operates oil and gas assets in the U.S. Gulf of Mexico for more than $5 billion, Bloomberg News reported on Tuesday, citing people familiar with the matter.The asset manager has…
Engineering Wood has secured a two-year contract extension worth up to $65 million with Woodside to continue delivering brownfield engineering, procurement and construction management (EPCM) services across offshore assets at the North West Shelf (NWS) Project in Western Australia…
Energy assets investment firm Samos Energy has signed an agreement to acquire the Suksan Salamander floating storage and offloading (FSO) unit from Altera Infrastructure, expanding its offshore asset portfolio in Southeast Asia.The Suksan Salamander…
DOF Group has secured a large turn-key contract by MODEC Guyana to carry out mooring pre-lay work for the Hammerhead floating production, storage and offloading vessel (FPSO) unit, set for deployment at ExxonMobil’s project offshore Guyana.Under the contract…
Brazil’s Brava Energia has signed an agreement to acquire Petronas’ 50% equity interest in the Tartaruga Verde field and in Module III of the Espadarte field in the Campos Basin, in a transaction valued at $450 million.The assets are located…
ModuSpec, MR Group’s rig and well control equipment solutions business, has received Technology Qualification from classification society DNV for its blowout preventer (BOP) real-time monitoring capabilities, clearing the way for wider deployment…
The U.S. Treasury Department on Wednesday extended a license by more than a month - until February 28 - for companies to talk with Russian energy company Lukoil about buying its foreign assets.President Donald Trump imposed sanctions on Lukoil and Rosneft…
TotalEnergies has agreed to sell its interests in Nigerian asset, while launching a new petroleum products trading joint venture in the Middle East, as the French energy major continues to reshape its portfolio and expand its downstream trading activities…
ABS and AMOG Consulting have signed a memorandum of understanding (MOU) to collaborate on an offshore mooring digital twin.The agreement combines AMOG’s monitoring technology with ABS’ classification and certification capabilities to deliver…
American Bureau of Shipping (ABS) has issued approval in principle (AiP) to HD Hyundai Heavy Industries (HD HHI) for its new design of a floating offshore substation to support deepwater wind farms.The substation concept received a SMART (SHM) Tier 3 AiP from ABS…
Vantris Energy, formerly known as Sapura Energy, has divested its 40% equity stake in L&T-Sapura Shipping to joint-venture partner Larsen & Toubro for total consideration of about $30.5 million, as part of a broader portfolio optimization strategy…
4Subsea, a provider of tech solutions for the offshore energy industry, has been awarded a project under the DeepStar consortium to develop an industry guideline for monitoring polyester mooring lines used in deepwater floating systems, the company said…
Norwegian shipbuilder Ulstein Verft has launched first of the two offshore wind commissioning service operation vessels (CSOVs) under construction at its yard for J.P. Morgan.On January 2, Ulstein Verft towed the CSOV yard number 322 from the dock hall to the outer dock…
Italian offshore services firm Saipem has informed that its jack-up rig Perro Negro 7 will resume operations off Saudi Arabia for Aramco, starting January 2026.The contract for Perro Negro 7 was awarded to Saipem in 2011 and extended in June 2023 for 10 years…