Aker BP and its partner Equinor have drilled a dry appraisal well at the Freke oil and gas discovery in the North Sea offshore Norway, failing to prove additional hydrocarbon volumes.The appraisal well, 15/6-18 S, was drilled in production license 1139…
Subsea7 has secured a contract from Aker BP for subsea pipeline and infrastructure work on the Lyra field development in the North Sea offshore Norway.The contract, worth between $150 million and $300 million, covers engineering, procurement…
Portugal's government is assessing whether to increase its 8% stake in oil company Galp Energia after the collapse of merger talks with Spain's Moeve, the economy minister said on Sunday as it seeks to safeguard strategic assets including the country's only oil refinery…
Big Oil is reaping near record cash windfalls from the eight-month-old Iran war, but Western energy producers’ reluctance to ramp up spending reveals persistent doubts about the industry’s long-term outlook.BP, Chevron, Exxon Mobil, Shell and…
TotalEnergies has signed agreements to acquire a 30% operated interest in the Lang Lebah and B14 gas fields offshore Malaysia, paving the way for an integrated development expected to unlock more than 6.5 trillion cubic feet of gas resources…
Huisman has secured a contract from Siem Industries to supply four knuckle boom cranes for two offshore subsea construction vessels under construction at Fujian Mawei Shipbuilding in China, with deliveries of the vessels scheduled for 2029 and 2030…
Seatrium has secured a floating production, storage and offloading (FPSO) vessel integration contract worth over $155 million (S$200) million from SBM Offshore for offshore developments in South America.The contract covers the fabrication of key mooring and riser support structures…
Solstad Maritime has secured two contracts for its Normand Australis construction support vessel (CSV) in the Asia Pacific region, with a combined firm duration of 250 days.The contracts will be executed consecutively, with operations expected to begin in December 2026…
An offshore project can appear to be progressing on schedule until one contractor is ready to move forward and the next cannot start. What appears to be a relatively minor contractual or technical issue can quickly develop into a much larger…
Dutch geological data specialist Fugro said on Friday that Iran war-linked disruptions had dented its earnings by €25 million ($28 million) this year, including €10 million in the third quarter alone, while GPS jamming and restrictions on vessel…
Norwegian government agency Enova has awarded $424.5 million (NOK 3.94 billion) in funding to Fortius Offshore Wind and Fram Wind Solutions for two floating offshore wind projects that will see four large turbines installed off Karmøy over the next five years…
BP posted its highest quarterly profit in at least five years on Friday, beating expectations as the Iran war boosted energy prices and refining margins, and said it would use the windfall to settle its remaining Deepwater Horizon liabilities…
DNV has issued a Statement of Feasibility for Aker BP and Höegh Evi's concept to transport liquefied carbon dioxide (CO2) by shuttle carriers and inject it directly into subsea wells for permanent storage at the Atlas project offshore Norway…
DEME and Prysmian have started installing high-voltage cables in the Veerse Meer lake in the Netherlands for TenneT's IJmuiden Ver Alpha and Nederwiek 1 grid connection projects, using a specially developed pontoon and installation method tailored to the lake's conditions…