The European Investment Bank (EIB) has provided $293.4 million (€250 million) in financing to French cable maker and services provider Nexans to support its research, development and innovation programs for 2024-2029, together with some industrial investments…
Forum Energy Technologies (FET) has launched its next generation remotely operated vehicle (ROV) control system – ICE Unity. In what is a significant leap forward for ROV control technology, the introduction of ICE Unity meets the increasing…
Offshore energy industry suppliers Ocean Geophysics has partnered with EdgeTech, a specialist in underwater technology solutions, to deliver advanced data processing software for EdgeTech’s newly launched eBOSS (Enhanced Buried Object Scanning System)…
Provider of services to the global energy industry Petrofac has extended its work in the U.K.’s North Sea with a two-year contract renewal from Ithaca Energy, valued at $50 million.Under the integrated services contract, Petrofac, who has supported Ithaca Energy since 2011…
Lighting specialist Glamox has secured contracts from electrical contractors working for three yards to provide connected marine lighting and light management systems for 11 offshore High Voltage Direct Current (HVDC) converter platforms.The…
Shearwater Geoservices has secured a seven-month streamer contract by Oil India, starting in the fourth quarter of 2025.The combined 3D and 2D seismic survey will employ two vessels from the Shearwater fleet.The project covers the Mahanadi and…
U.S. oil major Chevron is in early-stage talks to explore opportunities in European regasification terminals, as part of its strategy to expand its global presence in the liquefied natural gas market, a senior executive told Reuters.The U.S…
Dutch geological data specialist Fugro scrapped its annual outlook on Monday and announced further job cuts, citing an impact from project delays, sending its shares lower.Shares in Fugro were down around 11% to their lowest since March 2022 at 0705 GMT…
The Panama Canal Authority (ACP) has launched the concessionaire selection process for a natural gas pipeline project, holding its first market engagement event with more than 45 representatives from global energy companies.The 76-kilometre pipeline…
Malaysian independent oil and gas exploration firm Hibiscus Petroleum has spudded a new well at the Teal West field in the North Sea, off the coast of the United Kingdom.The drilling operations is being done with Shelf Drilling’s Shelf Drilling Fortress jack-up rig…
BW Energy, together with NAMCOR E&P, has started drilling the Kharas well in the Orange Basin, offshore Namibia, with Northern Ocean’s Deepsea Mira semi-submersible drilling rig.The drilling of the appraisal well is taking place in the Kudu license (PPL003) operated by BW Energy…
French seismic firm Viridien, in collaboration with Norway’s TGS, has completed the acquisition of the Laconia Phase III ultra-long offset ocean bottom node (OBN) survey in the Gulf of America.The latest phase spans 151 OCS blocks and expands…
Exmar has signed contracts with Regasificadora Del Pacífico (RDP) for the deployment of a floating storage unit (FSU) on the west coast of Colombia.RDP is developing a fast-track LNG import solution in the inner bay of Buenaventura, under a…
Belgium-based offshore installation services company DEME has ordered a new Offshore Construction Vessel (OCV), which will be built by PaxOcean at the Zhoushan shipyard in China.The new OCV will strengthen DEME’s subsea cable installation capacity to meet the evolving global offshore wind market…
Equinor and its partners Vår Energi and Aker BP have drilled a dry exploration well in the North Sea.The wildcat well 34/8-20 S was drilled about 130 kilometres west of Florø, in the Narvi nord prospect.The well was first to be drilled in production license 554 E…