MidOcean Energy, an LNG company backed by U.S. energy-focused private equity firm EIG, has agreed to acquire additional Australian liquefied natural gas project stakes from Japan’s JERA, the companies said on Thursday.The transaction covers JERA’s 0…
The first gas injection on Petrobras’ P-78 floating production, storage and offloading (FPSO) unit has been achieved just 61 days after the vessel reached first oil on December 31, 2025.The milestone, achieved on March 2, 2026, marks the transition…
Acteon has acquired Houston-based engineering, procurement and construction specialist Upstream Engineering through its engineering consultancy 2H, expanding the company’s offshore engineering capabilities and strengthening its fixed platform offering…
A modular cable management system, designed by German-based supplier igus, has been implemented by offshore driller Seadrill to reduce downtime, cut maintenance costs and improve operational reliability on its drillships by replacing traditional…
VAALCO Energy has completed drilling the ET-14P exploration well at the Etame field offshore Gabon as part of its Phase Three drilling program and plans to sidetrack the well to drill a development target.The ET-14P well encountered 10 meters…
Akrake Petroleum Benin, an indirect subsidiary of Rex International Holding via Lime Petroleum, has completed the hook-up of the mobile offshore production unit (MOPU) and floating storage and offloading (FSO) vessel at the Sèmè Field in Block 1 offshore Benin…
PALFINGER has secured a contract to supply offshore cranes for the Formosa 4 offshore wind farm in Taiwan, expanding the company’s presence in the region’s offshore wind market.The project will mark PALFINGER’s eleventh offshore wind development…
Forum Energy Technologies’ (FET) Subsea product line has secured a contract to provide four of its new generation work class remotely operated vehicles (ROV), the XLX EVO III, to long-term client DOF.The contract, signed in late August 2025…
Underwater technology specialist Sonardyne has launched Observer, a new advanced monitoring system for real-time integrity management of subsea infrastructure across the offshore energy industry.Observer combines high and low frequency motion and position monitoring…
Equinor has completed its investigation into a well control incident on Odfjell Drilling's Deepsea Bollsta drilling rig in September 2025, classifying it in the company’s highest category of severity.The incident occurred during plugging operations…
OceanSTAR Engineering, a subsidiary of OceanSTAR Elite, has entered into a long-term contract with Petronas for the provision of lease, operation and maintenance of a floating production storage and offloading (FPSO) unit supporting the Sepat…
The diplomatic route in Iran is now exhausted, as last night the United States and Israel attacked Iran, sharply escalating security risks for commercial shipping in the Persian Gulf and adjacent waters, prompting immediate operational and insurance repercussions across the global maritime sector…
Odfjell Technology has agreed to acquire a 70% ownership stake in Kaseum Holdings and Razor Oiltools, two companies focused on lightweight intervention and plug and abandonment (P&A) services.The acquisition is aimed at strengthening Odfjell Technology’s position in technology-led…
Worley Limited has been awarded a five-year engineering, procurement and construction management (EPCM) services contract by Energinet Brint to support Phase 1 of Denmark’s Hydrogen Backbone pipeline.The Danish Hydrogen Backbone 1 project will…
The Bureau of Ocean Energy Management announced proposed revisions to its regulations governing hard mineral resources on the U.S. Outer Continental Shelf aiming to advance exploration and development of critical minerals essential to national security…