Oilfield services firm Archer has secured a five-year contract extension for platform drilling and maintenance services in the U.K. with an estimated contract value of $110 million.The extension will start on May 1, 2026 in direct continuation of the current contract…
The developers of 2.4 GW Leading Light offshore wind project have notified the New Jersey Board of Public Utilities (BPU) that they cannot proceed with the project under the terms of the Board’s 2024 offshore renewable energy certificate (OREC) award…
Ørsted has launched its new offshore installation technology platform, Osonic, after signing a preferred supplier agreement with German energy infrastructure asset manager Luxcara, marking the first commercial step for the company’s low-noise monopile installation method…
ExxonMobil Guyana and its Stabroek block co-venturers, Hess Guyana Exploration and CNOOC Petroleum Guyana, have reached a new milestone in the South American country, with the production rising to 900,000 barrels of oil daily.The achievement…
When warnings abound about an imminent collapse in oil prices, one would not expect the CEO of a major oil company to boast that he has never been more confident.Yet that was precisely the message conveyed in Chevron's updated strategy, unveiled by CEO Mike Wirth on Wednesday…
ADNOC Logistics & Services has unveiled the UAE’s first remotely operated offshore landing craft vessel, a 60-metre unmanned platform designed to improve safety, efficiency and emissions performance across offshore operations.Developed with SeaOwl and launched during Abu Dhabi Autonomous Week 2025…
U.S. private equity firm Carlyle is exploring options to buy Russian oil major Lukoil's LKOH.MM foreign assets, three sources familiar with the situation said.The U.S. has hit Lukoil with sanctions as part of its effort to bring the Kremlin to peace talks over Ukraine…
Colombia's state-run energy company Ecopetrol expects to execute about $6.3 billion in investments in 2025, equivalent to 90% of its target, executives from the company told Reuters in an interview on Thursday, adding it could close the year with five additional exploratory wells drilled…
ABS issued approval in principle (AIP) to Samsung Heavy Industries (SHI) for its HyfloWind Float, a hybrid floating offshore wind structure designed to enhance production efficiency and streamline deployment processes.The HyfloWind Float features a concrete-based steel composite design…
Suriname's Staatsolie has approved the commercial declaration of the Sloanea gas discovery by Malaysia's Petronas at one of the country's most promising offshore areas, Block 52, the state-run company said on Thursday.The declaration follows…
Marine geophysical services company PXGEO has signed two significant contracts with Petrobras-led consortia, to deliver seismic data acquisition and monitoring services in the Santos Basin, offshore Brazil.The projects will run consecutively…
Saipem has launched the LiSa Hyper Harness, a smart safety harness equipped with sensors and artificial intelligence designed to enhance worker safety during operations at height.The device monitors how workers connect to fall protection systems…
Ocean Power Technologies (OPT) has partnered with Mythos AI to integrate advanced artificial intelligence autonomy software across OPT’s WAM-V autonomous surface vehicles and PowerBuoy platforms.The partnership aims to enhance OPT’s operational…
Singapore-based engineering group Seatrium has reported strong execution in the third quarter ended September 30, 2025, bolstered by major offshore and wind project deliveries, a high-value order book and strategic asset sales.The group’s net order book stood at about $12…
Dutch oil and gas services company SBM Offshore increased its annual earnings outlook for the second time this year on Thursday, lifting its shares, as operating performance improved.The Amsterdam-listed company reported a 26% increase in its directional revenue to $3…