ABL has been appointed marine warranty surveyor for the 390 MW Shinan Ui offshore wind project in South Korea.The project is being developed by Shinan-Ui Offshore Wind, a consortium including Hanwha Ocean, SK Eternix, KOMIPO, Future Energy Fund and Hyundai Engineering & Construction…
AF Gruppen has acquired all shares in Claxton Engineering Services to strengthen its position in offshore decommissioning, life extension and offshore wind.The agreed enterprise value is $86.1 million (£63.5 million), with the consideration…
Toyo Engineering Corporation has signed a memorandum of understanding with OneSubsea to explore collaboration in subsea carbon capture and storage (CCS) projects.The agreement aims to combine the companies’ capabilities to develop integrated system solutions for subsea CCS…
Offshore drilling contractor Dolphin Drilling has signed a letter of intent for a contract for the Borgland Dolphin semi-submersible drilling rig.The potential contract is expected to have a value of approximately $230 million and is scheduled to begin in the second half of 2027…
Offshore drilling contractor Transocean has secured a contract extension for its Deepwater Corcovado drillship with Petrobras, adding about $445 million in backlog.The 1,156-day extension will begin in direct continuation of the rig’s current…
Japan said on Wednesday it would set up a financial framework worth about $10 billion to help Asian countries secure energy resources as the Middle East conflict has intensified competition to secure oil.The support, aimed at preventing knock-on effects on Japan's own supply chains…
Oil and gas producer Eni this week finished loading a 1-million-barrel cargo of Venezuelan heavy crude bound for Spain, the first the Italian company receives in almost two years following the issuance of U.S. licenses freeing exports.Trading…
Honeywell has secured a contract to supply its liquefaction technology and equipment that will be used in additional trains at NextDecade’s Rio Grande LNG project in Texas.The agreement, executed with engineering, procurement and construction contractor Bechtel Energy…
Italian offshore services provider Next Geosolutions (NextGeo) has secured a contract worth more than $32.7 million (€28 million) as lead partner of a consortium for marine survey work on a new high-voltage direct current (HVDC) link in Italy…
Energy data and intelligence TGS has secured an offshore wind site characterization contract in Europe.The Ramform Vanguard vessel is scheduled to begin data acquisition in the second half of July.The contract has a duration of approximately 1…
Petrobras has made the final investment decision (FID) for the SEAP I project in the Sergipe-Alagoas Basin, advancing development of the Sergipe Deepwater (SEAP) project, a new oil and gas frontier in Brazil.The approval follows the sanctioning of the SEAP II module in December 2025…
TotalEnergies and Türkiye Petrolleri Anonim Ortaklığı (TPAO) have signed a memorandum of understanding to cooperate on oil and gas exploration.The agreement establishes a framework for technical collaboration, including joint assessment of exploration…
The International Energy Agency sharply cut its forecasts for global oil supply and demand growth, saying both are now expected to fall from 2025 levels as war in the Middle East disrupts oil flows and weighs on the global economy.The IEA now sees global oil demand falling by 80…
Chevron has agreed to an asset swap with Petroleos de Venezuela and its subsidiaries to consolidate its position in Venezuela’s heavy oil sector.Under the agreement, Chevron will receive an additional 13.21% working interest in the Petroindependencia joint venture…
BP said on Tuesday it expects its huge oil trading desk to post 'exceptional' results for the first quarter, signalling a windfall from the spike in oil prices LCOc1 triggered by the U.S.-Israeli war against Iran.The company also said in a quarterly…