TDI-Brooks has successfully completed a 2D high-resolution shallow hazard seismic survey offshore Trinidad & Tobago. The acquired and processed lines support de-risking efforts for a planned offshore cluster installation, as well as the subsequent drilling of wells from this structure…
While oil and gas are once again flowing through the Strait of Hormuz, the closure of the vital waterway for over 100 days could prove to be a turning point in global energy markets. The Arab oil embargo of 1973, a similarly disruptive supply shock…
Equinor has decided to end its offshore wind business activities in Japan, where it has been since 2018 but has failed to win any leases in successive auctions, and close its Tokyo office by the end of 2026.Orsted, the world's largest offshore wind developer…
Aker Solutions signed a 'sizeable. ($50m to $150m by the company's definition) five-year agreement with Cenovus Energy Inc. for engineering and maintenance services on White Rose field assets.The White Rose field is located approximately 350 km east of St…
DOF Group ASA has, through its North America subsea region, been awarded a very large contract for Skandi Involver. Commencement of the contract will be early Q3 2026 and the duration is three years firm plus two one-year options. Under the agreement…
Crude prices plunged by more than 3% on Friday, on course for steep weekly losses, on easing supply concerns as more stranded oil tankers exited the Strait of Hormuz, even though a cargo vessel was hit near Oman on Thursday.Brent crude futures fell $2…
How well do we really understand the electrical systems powering today’s vessels? Many of us realize how important electricity is to our modern world but may be a bit shaky on the specifics. The Welsh comedian Tommy Cooper once joked, 'Electricity is a wonderful thing…
Offshore floating solar company SolarDuck and the Maritime Research Institute Netherlands (MARIN) have been awarded a USD$3.64 million (€3.2 million) subsidy from the Netherlands Enterprise Agency (RVO) for the Steady Seas research program.…
Vår Energi ASA has taken final investment decision (FID) on the Gjøa Subsea Projects in the North Sea. Together with its partners, the company has today submitted the Plan for Development and Operations (PDO) for the Ofelia and Gjøa Nord developments to the Ministry of Energy…
For decades, floating nuclear power occupied a niche position in the energy debate – technically feasible, strategically intriguing, but commercially marginal. Today, however, combined pressures of decarbonization, energy security, land constraints…
Faced with declining production post-2030, across Sub-Saharan Africa (SSA), the Majors have started the process of reloading exploration hoppers. Targeting predominantly deep and ultra-deep waters, they have signed numerous agreements aimed…
After several years of strong activity, the Middle East offshore market has become more volatile, with geopolitical tensions disrupting day-to-day operations. Following US and Israeli military action and subsequent Iranian attacks on neighbouring Gulf states…
Baker Hughes has secured a significant contract award from Azule Energy to supply subsea production systems for the Greater PAJ development offshore Angola.Under the agreement, Baker Hughes will provide deepwater horizontal tree systems for the ultra-deepwater greenfield project…
SeaBird Exploration, a wholly owned subsidiary of SED Energy Holdings, has secured a contract for ocean bottom node (OBN) source work in West Africa.The company said the Fulmar Explorer vessel will be deployed for the campaign, which has a total duration of about three months…
Tower Resources has received formal approval from Namibia's Ministry of Industries, Mines and Energy (MIME) for the farm-out of its PEL96 license offshore Namibia to Prime Global Energies, clearing the final outstanding condition precedent for the transaction…