Aibel and Vår Energi have signed a framework agreement for maintenance and modifications (M&M) for the Goliat and Gjøa fields on the Norwegian continental shelf.The contract has a duration of five years plus options, and its value is estimated to be around $119 million (NOK 1…
Subsea 7 today has secured a ‘substantial’ contract offshore Norway, worth between $150 million and $300 million.Subsea7’s scope includes engineering, procurement, construction and installation (EPCI) of pipeline bundles, spools, protection covers and tie-ins using key vessels from Subsea7’s fleet…
Global integrated logistics and materials management specialist ASCO has secured a landmark nine-figure contract with a major North Sea energy operator.The scope encompasses ASCO’s full suite of integrated logistics services, including quayside operations…
Veolia, through its Water Technologies & Solutions business unit, has secured a multi-million dollar contract from Seatrium to provide advanced seawater desalination solutions for two floating production storage and offloading platforms (FPSOs) in one of Brazil’s largest offshore developments…
Sonardyne has secured a contract by the Northern Endurance Partnership (NEP) to deliver baseline environmental monitoring services for the U.K.’s first offshore carbon capture and storage (CCS) site.Sonardyne will provide environmental monitoring…
Inyanga Marine Energy Group has announced the winners of contracts to build its 20 MW HydroWing tidal energy array at Morlais off Anglesey in Wales.Inyanga has selected the contracts to deliver its tidal energy pilot project, which is planned for deployment in the first quarter of 2026…
Austrian oil and gas firm OMV has signed an agreement with Lukoil Gulf Upstream, a subsidiary of Russia’s Lukoil, to divest its stake in a sour gas development offshore the United Arab Emirates (UAE).OMV has agreed the sale of 5% stake in the…
China’s state oil and gas major Sinopec has established a venture capital fund focused on hydrogen energy, with an initial size of 5 billion yuan ($690 million), the company said in a statement on Thursday.The fund, the largest in China dedicated to investment across the hydrogen value chain…
Empire Offshore Wind, a subsidiary of Equinor, has been informed by the Department of the Interior’s Bureau of Ocean Energy Management (BOEM) that the stop work order has been lifted for the Empire Wind project, allowing construction activities to resume…
Aramco, one of the world’s leading integrated energy and chemicals companies, has signed 34 memoranda of understanding (MoUs) and agreements, with a potential total value of approximately $90 billion, with major U.S. companies.The MoUs and agreements…
Italy’s Eni has signed an agreement to enter into a period of exclusivity with investment fund Ares Alternative Credit Management for the sale of stake in Plenitude, its retail and renewables unit.The exclusivity agreement is aimed at negotiating…
Brazilian oil and gas firm Brava Energia has decided to terminate the negotiations related to the divestment process onshore and shallow water assets, which were limited to the fields located in Brazil’s Bahia state.This decision comes after…
Drilling waste management specialist TWMA has secured a contract with BP to provide drilling waste management services in the U.K. North Sea.The three-year agreement, which includes options for renewal, started in October 2024.The scope of work will utilize TWMA’s cutting-edge technologies…
On April 18, 2025, the Department of the Interior announced that the Bureau of Ocean Energy Management (BOEM) would soon initiate the first step in an engagement process to develop the 11th National Outer Continental Shelf Oil and Gas Leasing Program (National OCS Program)…
