Responding to the surge in global subsea cable investment driven by cloud computing and artificial intelligence, ABS has published its Technical Standard for Subsea Power Cables.Subsea power cable design, installation and operation pose unique challenges due to harsh marine environments…
Britain's Harbour Energy raised its 2026 output outlook on Thursday, citing a strong start to the year helped by early contributions from its newly acquired LLOG assets in the Gulf of Mexico.Harbour has been leaning on Wintershall Dea assets in Norway…
Underwater technology specialist Sonardyne has launched Observer, a new advanced monitoring system for real-time integrity management of subsea infrastructure across the offshore energy industry.Observer combines high and low frequency motion and position monitoring…
Industrial services provider Bilfinger has secured two maintenance contracts in the United Kingdom, covering offshore operations at Ithaca Energy’s Cygnus gas field and onshore services at the St Fergus SAGE Terminal operated by Wood.The first…
National oil company Kuwait Petroleum Corporation (KPC) has held early stage talks with a large group of potential investors over a $7 billion stake sale in its crude oil pipelines, three sources familiar with the matter said, following similar…
Seatrium has put in motion a series of non-core asset divestments set to complete by early 2026, targeting over $40 million (S$50 million) in annualized operational cost savings.The Singapore-based offshore and marine group said the savings…
Akrake Petroleum Benin, an indirect subsidiary of Rex International Holding, has achieved first oil from the AK-2H well at the Sèmè Field Block 1 offshore Benin, as drilling complications and cost overruns prompt a strategic and financial review…
THREE60 Energy, Innovair and Oil States have formed a strategic alliance to deliver integrated caisson integrity management services for the global oil and gas sector, targeting ageing offshore assets in mature basins such as the North Sea.The collaboration combines inspection…
Aker Solutions has secured a major five-year framework agreement with Aker BP for maintenance, modification and operation (MMO) services covering the operator’s key assets on the Norwegian Continental Shelf, including the Yggdrasil area.The agreement…
MISC, through its joint venture Vietnam Offshore Floating Terminal (Ruby) (VOFT), has secured a contract for the Ruby II floating production, storage and offloading (FPSO) unit with Petrovietnam, extending the unit’s lease, operation and maintenance until the end of 2027…
Recent discussions with industrial teams have underscored how rapidly the digital “threatscape” is evolving across global energy systems, from oil and gas to chemicals, specialty gases, power generation, and transmission and distribution networks…
Maritime and critical infrastructure cybersecurity specialist Cydome has introduced a cybersecurity solution designed for offshore wind farms and other remote energy facilities that can be deployed without physical installation.The new offering…
Elemental Energies has acquired Norway-based geoscience specialist Applied Petroleum Technology (APT), expanding its subsurface and geochemistry capabilities as operators seek deeper technical insight across the well lifecycle.APT provides petroleum geochemistry…
Offshore drilling contractor Transocean has agreed to acquire Valaris in an all-stock transaction valued at about $5.8 billion, creating one of the world’s largest offshore drilling contractors with a fleet of 73 drilling rigs.The combined company…
Malaysia’s Petronas has strengthened upstream collaboration in Sabah through a new oil and gas production sharing contract (PSC) award and an equity transfer agreement involving state-linked partners.Petronas Carigali, a wholly owned subsidiary of Petronas…