Industry News


Global Energy Group Rebrands as it Charts Next Growth Phase

Oct 01, 2025

Energy services company Global Energy Group has rebranded as Global and unveiled plans to build a new 2,000 square meter headquarters in Inverness as part of its strategy to grow turnover from $400 million to $670 million within three years…

Guyana’s First: Saipem Builds Complex Subsea Structure for ExxonMobil’s Uaru Field

Oct 01, 2025

Saipem has completed the first complex subsea structure ever built in Guyana, set for deployment at ExxonMobil’s Uaru field, marking a key milestone in the development of the country's industrial capabilities in the subsea sector.This is the Pipeline End Termination (PLET)…

Deep Wind Offshore Advances 1.4GW Offshore Wind Farm in Sweden

Oct 01, 2025

The County Administrative Board of Uppsala has recommended that the Swedish Government grant a permit under the Act on the Swedish Exclusive Economic Zone (SEZ) for Deep Wind Offshore’s planned offshore wind farm Olof Skötkonung in the Gulf of Gävle…

TotalEnergies Sells Stakes in Three Mature Norwegian Fields to Vår Energi and Orlen

Oct 01, 2025

TotalEnergies EP Norge has signed an agreement for the divestment of its non-operated interest (39.89%) in the West Ekofisk and Albuskjell fields to Vår Energi and has also concluded an agreement with Orlen Upstream Norway for the divestment of its non-operated interest (20…

MidOcean Buys Into Shell-Led LNG Canada Project

Oct 01, 2025

Liquefied natural gas company MidOcean, backed by EIG and Saudi Aramco, has agreed to buy a fifth of the Petronas venture that holds a 25% stake in Shell-led LNG Canada, MidOcean said on Tuesday.The deal also includes a fifth of Malaysian state…

Diver Linked to Nord Stream Explosions Detained in Poland

Sep 30, 2025

Volodymyr Z., a Ukrainian diver wanted by Germany over his alleged involvement in the Nord Stream explosions, has been detained in Poland, prosecutors and his lawyer said on Tuesday.Described by both Moscow and the West as an act of sabotage…

ExxonMobil to Axe 2,000 Jobs Globally

Sep 30, 2025

Exxon Mobil will lay off 2,000 workers globally as part of a long-term restructuring plan, the U.S. energy major told Reuters in an emailed statement, adding to a wave of job cuts in the oil and gas industry this year.The layoffs represent about…

Eiffage Secures $1.75B Contract for Offshore Substations in France

Sep 30, 2025

Eiffage, through Smulders, has been awarded a contract by RTE, France’s transmission system operator, to develop and build three alternating current substations for the Bretagne Sud, Narbonnaise Sud-Hérault and Golfe de Fos French offshore wind farms…

BP Hires Decommissioning Crew for North Sea Field

Sep 30, 2025

A new joint venture (JV) between THREE60 Energy and AF Offshore Decom (AFOD), a subsidiary of AF Gruppen, has been awarded a multi-million-dollar contract by BP to provide integrated decommissioning services for its Andrew field in the North Sea…

Acteon’s UTEC Nets Structural Monitoring Deal for Polish Baltica 2 OW Farm

Sep 30, 2025

UTEC, Acteon's Geo-Services business line, has secured a structural monitoring contract for Baltica 2, set to be the largest offshore wind project in the Polish part of the Baltic Sea, jointly developed by Ørsted and PGE.Ørsted commissioned Acteon for the design…

Jan De Nul Orders Largest Rock Installation Vessel to Protect Subsea Infrastructure

Sep 30, 2025

Belgian marine contractor Jan De Nul has ordered a rock installation vessel, specifically built to strengthen the protection of offshore energy and subsea data infrastructure.The vessel, named George W. Goethals, will be the company’s largest rock installation ship to date…

Serica Energy Bolsters North Sea Portfolio with Prax Upstream Buy

Sep 30, 2025

Serica Energy has agreed to acquire Prax Upstream, expanding its portfolio of U.K. North Sea oil and gas assets and boosting its reserves, resources and production base.Serica Energy signed a sale and purchase agreement to acquire 100% of the…

DeepOcean Gets Offshore Installation Job at Equinor’s Norwegian Fields

Sep 30, 2025

Ocean services provider DeepOcean has been awarded a SIMOPRO – simultaneous marine operation and production – installation contract by Equinor on the Norwegian continental shelf.DeepOcean’s scope of work entails SIMOPRO installation work on both the Åsgård and Visund fields…

MODEC Ramps Up Hammerhead FPSO Work After ExxonMobil's Go-Ahead

Sep 30, 2025

MODEC has been awarded the full engineering, procurement, construction, and installation (EPCI) scope to develop a floating production, storage and offloading (FPSO) vessel for the Hammerhead project in Guyana following a final investment decision (FID) by ExxonMobil…

Shell's Victory Gas Field in North Sea Comes On Stream

Sep 30, 2025

Shell has started production from the Victory gas field in the UK North Sea, located approximately 47 km north-west of the Shetland Islands.Shell is the full owner and operator of the field, whose peak production is estimated at around 150 million standard cubic feet per day of gas…

Current News

SLB, Shell Form Alliance to Streamline Digital Oil and Gas Solutions

DEME Set for Monopiles, Cables Installation Job at Polish Offshore Wind Farm

Norway Gives Go-Ahead to Two Consortia in Floating Wind Tender

GE Vernova, Seatrium Ink TenneT Deal for 2.2GW North Sea Grid Link

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