Bounty Oil & Gas has agreed to acquire PetroQuest Liberia Deep Water, giving it a pathway to an interest in deepwater Block LB-32 offshore Liberia, while raising about $2.5 million (A$3.55 million) to advance the acquisition and exploration work…
The European Union will maintain its opposition to new oil and gas drilling in the Arctic, a European Commission spokesperson said on Monday, despite Norwegian pressure to drop the EU ban.The EU currently supports a ban on new drilling in the Arctic…
Halliburton has signed separate memorandums of understanding (MoU) with Eneva and WESCA to pursue oil and gas development opportunities in Venezuela, including field evaluation and development planning.Under its agreement with Eneva, Halliburton…
QatarEnergy expects the first train of its North Field East (NFE) liquefied natural gas expansion project to start production in the first half of 2027, but additional trains will depend on the Strait of Hormuz crisis.Disruptions caused by the…
Jan De Nul has ordered a second trenching support vessel designed to bury subsea energy cables as it expands its fleet for cable installation and protection.The new vessel will be an exact sister ship to the Isambard K. Brunel, which Jan De Nul ordered in March…
Vard has delivered Dong Fang Offshore's first newbuild, the Orient Inspirer service operation vessel (SOV), two months ahead of schedule, while the company has approved an order for another vessel from the Norwegian shipbuilder valued at up to $86 million…
Njord Survey has secured a three-year framework agreement by RWE Offshore Wind to provide remotely operated vehicle services across offshore wind farms in U.K. and European waters.The agreement covers offshore survey campaigns using remotely operated vehicles (ROVs)…
The 704 MW Revolution Wind offshore wind project has completed installation of all 65 turbines, with full energization expected by the end of 2026.The project, a 50-50 joint venture between Global Infrastructure Partners' Skyborn Renewables and Ørsted…
A new shuttling system is reshaping the Middle East oil market, as producers seek to keep exports flowing despite the escalating regional conflict. The question now is whether this complex, expensive process is a stopgap measure or the global energy market’s new normal…
French energy company TotalEnergies and its partners in the $12 billion GranMorgu offshore oil and gas project in Suriname are on track to inaugurate output in mid-2028, the head of state-run Staatsolie, Annand Jagesar, said on Saturday during a tour to oversee the development's progress…
Cadeler and Vattenfall have signed a memorandum of understanding (MoU) to explore new offshore wind maintenance solutions, with a focus on major component exchanges for operating wind farms.The collaboration between Vattenfall Vindkraft and Nexra…
A total of 17 commodity vessels transited the Strait of Hormuz on the weekend, down from 37 a week earlier, shipping data showed on Monday, as tension in the Gulf persisted with the US and Iran in stalemate.Visible traffic through the strait…
Exmar has received Approval in Principle (AiP) from Bureau Veritas Marine & Offshore for a concept to convert an existing membrane-type LNG carrier into a floating liquefied natural gas (FLNG) unit for offshore gas developments.The FLNG concept…
Transocean has been awarded a two-well contract for its Deepwater Conqueror ultra-deepwater drillship in Equatorial Guinea, adding about $80 million to the offshore driller's backlog.The approximately 170-day campaign with an undisclosed operator is expected to begin in 2027…
Petrobras, through its wholly owned subsidiary Petrobras Netherlands (PNBV), the Republic of Côte d’Ivoire and PETROCI Holding signed Production Sharing Contracts (PSCs) for eight offshore exploration blocks located in Côte d’Ivoire.The PSCs cover offshore blocks CI-513…