Industry News


ADNOC Secures LNG Supply Deal with India's BPCL

Feb 10, 2025

Abu Dhabi National Oil Company (ADNOC) will supply 2.5 million tons of liquefied natural gas (LNG) to India's Bharat Petroleum Corp under a new five-year deal, sources with knowledge of the matter said on Monday.Indian's state refiner will receive…

India Set to Launch Oil and Gas Licensing Later This Week

Feb 10, 2025

India will launch rounds for oil and gas blocks licensing this week, Oil Minister Hardeep S Puri said on Monday.Puri said that he hopes energy supply issues will be discussed during the meeting between Indian Prime Minister Narendra Modi and U…

BP’s Shares Soar on Elliott Stake Increase

Feb 10, 2025

Shares in BP rose by 7% to their highest since August in early trade on Monday, after investor Elliott Management built a stake in the energy major it is expected to use to press for change in strategy and to the board.By 0901 GMT, the shares were up about 7% to 462…

Source Galileo, Portland Port to Progress Offshore Wind in English Channel

Feb 10, 2025

Renewable energy company Source Galileo has signed a non-exclusive memorandum of understanding (MoU) with Portland Port, a commercial port on the South Coast of England, to jointly advance offshore wind development off Dorset coast in English Channel…

Van Oord’s Nexus CLV Gets Emissions Reduction Upgrade

Feb 10, 2025

A series of advanced selective catalytic reduction (SCR) systems has been installed on Van Oord’s cable-laying vessel (CLV) Nexus by Damen Shipyards Group in an effort to further reduce emissions.Five SCR units have been installed on the Nexus…

Strategic Marine to Build Survey Vessel for Odyssey Group

Feb 10, 2025

Singaporean shipbuilder Strategic Marine has signed a shipbuilding contract with Odyssey Group for a multi-purpose survey vessel, which will operated offshore Australia.Under the terms of the agreement, Strategic Marine will construct the advanced…

TGS Nets Two 4D Streamer Contracts Offshore Norway

Feb 10, 2025

Norwegian seismic firm TGS has secured two 4D streamer contract acquisition projects, one in the North Sea and the other in the Norwegian Sea.The 4D projects are scheduled to be acquired back-to-back and start in June 2025.The total duration of the two surveys is approximately 80 days…

Norway Clears Equinor for Drilling in Barents Sea

Feb 10, 2025

The Norwegian Offshore Directorate has granted Equinor a drilling permit for an exploration well in the Barents Sea.The permit is for a wellbore 7220/7-CD-1 H in production license 532, which is operated by Equinor with 46.3% working interest…

Eni Refutes Exmar’s Bonus Claims for Tango FLNG Unit in Congo

Feb 10, 2025

Italian energy giant Eni has refuted the Belgian contractor Exmar’s claims over its entitlement to bonus payment for the performance of Tango floating liquefied natural gas (FLNG) unit, deployed at Eni’s Marine XII offshore block in Congo.On February 5…

Malaysia's Petronas Plans Job Cuts

Feb 07, 2025

Malaysia's state energy firm Petronas will reduce its workforce to ensure its long-term survival amid increasing challenges in the global operating environment, local media reported on Friday, citing the Petronas chief.'The rationale to do this…

Louis Dreyfus, Tidal Transit JV to Supply CTV for French Offshore Wind Farm

Feb 07, 2025

LD Tide, a joint venture between Louis Dreyfus Armateurs and Tidal Transit, has been selected to supply a Crew Transfer Vessel (CTV) for the operation and maintenance services of the 488 MW offshore wind farm, being developed by Ocean Winds in France…

RWE's 302MW Offshore Wind Farm to Help Balance German Power Grid

Feb 07, 2025

RWE has set out plans to offer a system-stabilizing secondary reserve, also known as automatic frequency restoration reserve, for the German power grid via its Amrumbank West offshore wind farm.The transmission system operator TenneT recently…

TotalEnergies Starts Drilling Ops Offshore Namibia

Feb 07, 2025

French energy major TotalEnergies has started drilling the first of the planned two wells in oil and gas blocks offshore Namibia.On February 3, 2025, the semi-submersible drilling rig Deepsea Mira spud the Marula-1X exploration well within the southern part of Block 2913B…

Scana’s Subseatec Hooks Supply Deal for Subsea Production Systems

Feb 07, 2025

Scana-owned Subseatec has signed a frame agreement with an international company within subsea technology to act as its exclusive global supplier of steel parts for subsea production systems.The frame agreement will begin in the first quarter of 2025 and extend for a period of three years…

Lithuanian Port Goes Forward with Quay Reconstruction for Offshore Wind

Feb 07, 2025

Klaipėda Port Authority in Lithuania has signed an agreement for the infrastructure buildout for the offshore wind energy projects, starting with the reconstruction of quays on Smeltė peninsula, which will ensure assembly, handling and transportation of offshore wind turbines…

Current News

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