Shape Digital, Shell Brasil, MODEC Brasil and Unicamp signed a partnership to develop new methodologies for monitoring operational risks using artificial intelligence. The solution will be based on Shape Reef, a tool for operational process safety designed by Shape Digital…
The development Argentina’s vast Vaca Muerta share is transforming the nation into a rising energy exporter, with oil and pipeline gas already flowing abroad and an ambitious multi-phase ‘Argentina LNG’ initiative aiming to secure a permanent place in the global liquefied natural gas (LNG) market…
Oceaneering’s Rosyth, Scotland, umbilical and cable manufacturing facility has secured grant funding from Scottish Enterprise (SE). The funding will support Oceaneering’s floating offshore wind dynamic cable qualification projects.The immediate…
A South African court has rescinded an environmental authorisation granted to TotalEnergies and its joint venture partner Shell to explore for oil in a block off the Cape coast, a court judgment seen by Reuters showed.However, the court said…
Seatrium Limited signed a Letter of Intent (LOI) with Karpowership, a global energy company and the owner, operator, and builder of the world’s largest Powership (floating power plant) fleet.Under the LOI, Seatrium will carry out the integration of four New Generation Powerships…
Golar LNG Limited cemented its position as one of the most active players in the floating LNG (FLNG) market, announcing Q2 2025 results alongside major long-term contracts that add $13.7 billion to its Adjusted EBITDA backlog. The new deals—both with Argentina’s Southern Energy S…
Germany's biggest power producer RWE posted lower-than-expected core profit for the first half on Thursday, citing weak wind conditions as well as a muted trading business.First-half adjusted earnings before interest, tax, depreciation and amortization fell by more than a quarter to 2…
The North Sea Transition Authority (NSTA) is sending a selection of experts to take the stage at Offshore Europe 2025, leading sessions on a wide range of topics from electrification to spatial planning.The event, which brings together upstream energy professionals from around the world…
The NSTA offered dCarbonX Ltd a license for gas storage in the East Irish Sea on August 11, 2025. The license allows dCarbonX Ltd to make progress towards seeking the necessary regulatory approvals required before gas storage operations can commence…
Brent oil futures are hovering around $66–67 per barrel with mixed geopolitical signals, while West Texas Intermediate (WTI) has weakened relatively more.The US-China tariff truce extension by 90 days reduced bearish sentiment, while the uncertainty…
Saipem, through its subsidiary PT Saipem Indonesia, in its role as leader of the consortium which also includes PT Tripatra Engineers & Constructors, PT Tripatra Engineering, and PT McDermott Indonesia, has received formal notification of the…
An Exxon Mobil-led consortium began production at a fourth floating production, storage and offloading vessel at the Stabroek Block in Guyana on Friday, bringing total capacity from the oilfield to over 900,000 barrels of oil per day, Exxon said…
Chartwell Marine, a pioneer of next-generation vessel design, announced the delivery of Prosperous 6, a new high-performance crew transfer vessel, as part of a strategic partnership with Pacific Radiance, a leading owner and operator of offshore vessels in APAC…
The German government has adopted a new bill amending its Carbon Dioxide Storage Act to lay the legal groundwork for the use of carbon capture and storage (CCS), carbon capture and utilization (CCU) and cross-border transport of CO2.The draft law enables the transport…
Ambipar and SBM Offshore announced a solution for cleaning cargo oil tanks on (FPSOs), a solution that importantly is geared to completely remove humans from entering tanks during cleaning activities.“This robotic solution marks a turning point for the offshore industry…