The Norwegian Offshore Directorate (NOD) has granted Equinor a drilling permit for a wildcat well in the North Sea, to be conducted with COSL’s COSLInnovator semi-submersible drilling rig.The permit is for wellbore 34/10-56 S in production license 050 HS…
BW Offshore has agreed with the Catcher field partners to amend the contract for its BW Catcher floating production storage and offloading (FPSO) unit, extending the agreement through December 31, 2030, plus or minus six months.The revised agreement replaces the previous structure…
Turkey is looking to extend its liquefied natural gas (LNG) agreement with Algeria ahead of its expiry in September 2027, Energy Minister Alparslan Bayraktar said, adding that some of the gas could potentially be transported to southeastern Europe…
Norway’s Ministry of Energy has approved the plans for development and operation (PDO) for the Previously Produced Fields (PPF) project in the Greater Ekofisk Area, paving the way for the redevelopment of three previously producing offshore fields…
Solstad Offshore has signed a letter of intent with an international subsea contractor for the charter of construction support vessel (CSV) Normand Maximus.The contract is expected to begin in the first quarter of 2027 and run through the first quarter of 2029…
Dutch floating production specialist SBM Offshore raised its 2026 revenue guidance on Thursday after first-quarter directional revenue more than tripled, driven mainly by its turnkey business and the sale of One Guyana.The company sold One Guyana…
Harbour Energy on Thursday narrowed its annual production forecast upward after a strong first-quarter performance, helped by newly acquired assets in the face of disruptions in energy prices and supply due to the Middle East war.The London-listed firm has increasingly diversified beyond the UK…
Shell's first-quarter profit beat estimates and hit its highest in two years at $6.9 billion on Thursday, boosted by gains linked to the Middle East war, leading the company to raise the dividend by 5%.At the same time, it slowed its quarterly share buyback programme to $3 billion from $3…
The Iran war has already led to a loss of about 120 billion cubic metres of global liquefied natural gas supply over the 2026 to 2030 period, Gergely Molnar, an analyst from the International Energy Agency, said on Thursday.Speaking at the Budapest LNG Summit…
Europe's offshore wind expansion is running into a structural supply constraint where the turbine market is becoming increasingly concentrated. GE Vernova, Siemens Gamesa and Vestas have historically anchored Western offshore turbine supply…
SPIE Global Services Energy, via its SPIE Wind Connect unit, has secured a contract by Seaway7 to provide high-voltage cable termination and testing services for the Baltyk II and Baltyk III offshore wind farms in Poland.The contract covers…
Baker Hughes and thermoplastic composite pipe manufacturer Strohm have signed an agreement to jointly develop a hybrid flexible pipe for ultradeepwater flowline and riser applications.The companies said the new solution is aimed at offshore projects in water depths exceeding 3…
Chevron said on Tuesday it would search for oil and gas south of Malta, which lies between producing Mediterranean nations Libya, Italy and Tunisia but has not got any production itself yet.Exploration studies will be based on existing data rather than newly drilled wells…
DeepOcean has completed its first subsea intervention project with offshore operational leadership managed from shore, carrying out the work for Aker BP at the Idun Nord field in the Norwegian Sea.The operation involved a work-class remotely…
DOF Group has secured four 12-year charter and services contracts in Brazil following a competitive tender process, supporting Petrobras’ deepwater subsea inspection, maintenance and repair operations.The contracts will lead to the construction…