Abu Dhabi state-owned renewables company Masdar reported a 2024 profit of 412 million dirhams ($112.18 million) on Thursday, reversing a 44-million-dirham net loss recorded the previous year.The company's total assets more than tripled in the year ending December 31…
The US Bureau of Ocean Energy Management (BOEM) has rescinded all designated Wind Energy Areas (WEAs) on the U.S. Outer Continental Shelf (OCS).BOEM says the action is being taken in accordance with Secretary’s Order 3437 - Ending Preferential Treatment for Unreliable…
British gas producer Energean has taken the final decision to invest in the Irena gas field in the North Adriatic Sea off Croatia, it said on Wednesday.The gas field is located in the Izabela concession, an offshore gas development area in the North Adriatic Sea…
Floating liquefied natural gas (FLNG) terminals are gaining momentum on the global LNG market, with capacity expected to triple by 2030 according to research from Rystad Energy.Once hindered by technical and operational challenges, FLNG projects…
Kongsberg Maritime has signed a development program framework agreement with Noble Corporation, marking a key step forward in the co-development of advanced marine technologies for the offshore drilling sector.The long-term strategic partnership will focus on the joint development…
Texas-based oilfield services company Weatherford has secured a significant contract to deliver Managed Pressure Drilling (MPD) services for the Trion project, a deepwater oil production project in Mexico operated by Woodside’s Mexican subsidiary…
China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has started production at a new gas field, located in the Yinggehai Basin, offshore China.The dongfang 1-1 gas field 13-3 Block development project is the first high-temperature…
Arabian Drilling, Saudi Arabia’s largest drilling contractor by fleet size, has signed a contract with a GCC-based company for its first offshore operation outside Saudi Arabia.The deal, signed with an undisclosed GCC-based energy company, is primarily for offshore exploration drilling…
Woodside has agreed to assume operatorship of the Australian Bass Strait assets that it shares with ExxonMobil and plans to develop additional gas resources using existing infrastructure there.Woodside will assume operatorship of the offshore Bass Strait production assets…
Britain will increase the guaranteed price offered for offshore wind projects in this year’s renewables auction by 11%, government documents showed, amid rising costs for projects due to inflation and supply chain bottlenecks.The Labour government…
TotalEnergies has started production from the BEGONIA and CLOV Phase 3 projects, adding a total of 60,000 barrels per day of production offshore Angola.The start of production from the BEGONIA and CLOV Phase 3 offshore projects leverages ullage in the PAZFLOR and CLOV floating production…
Texas-based oilfield services provider Expro has launched its most advanced BRUTE high-pressure, high tensile packer system, designed to help operators work more efficiently in the extreme conditions of deepwater wells.Engineered for the highest differential pressures in the market…
Offshore drilling contractor Vantage Drilling has extended the expiration date for the conditional letter of award (CLOA) for its Platinum Explorer ultra-deepwater drillship, agreed with an undisclosed client.The 90-day validity period of the…
Global energy technology company SLB has been awarded a technologies and services contract for carbon storage site development in the North Sea by the Northern Endurance Partnership (NEP), an incorporated joint venture between BP, Equinor and TotalEnergies…
