Ithaca Energy said Chief Executive Officer (CEO) Luciano Vasques intends to retire from the company by March 31, 2027, with the board beginning a search for his successor.The company said the succession process would allow for an orderly transition of responsibilities…
Italian energy firm Eni will start drilling up to six development wells from November that will feed gas to its new Coral North floating liquefied natural gas platform offshore Mozambique, a senior executive told Reuters on Thursday.The project is on track to start production by 2028…
Worley Rosenberg has secured a contract from Subsea7 to fabricate subsea structures and spools for the second phase of Norway's Northern Lights carbon capture and storage (CCS) development.The contract covers fabrication of key subsea infrastructure…
SFL Corporation has won a Norwegian appeals court ruling in its contract dispute with Seadrill over the redelivery of the offshore drilling rig Hercules, with the court ordering Seadrill to pay approximately $55 million (NOK 525 million).The…
DEME has secured a contract worth between $56 million and $168 million for the transportation and installation of 69 wind turbines at the Zeevonk offshore wind farm in the Dutch North Sea, expanding its role in the approximately 1 GW project…
BW Energy has confirmed commercial oil volumes in two appraisal wells at the Dussafu field offshore Gabon, identifying approximately 8 million to 9 million barrels of gross recoverable oil and paving the way for two additional production wells…
Oil markets initially treated the Iran war as a brief bullish disruption in a long-term bearish trend. But traders are now betting that oil prices will remain elevated through 2028, forcing a rethink of the global inflation outlook.Eight months into the war…
TotalEnergies expects its refining margins to have nearly quadrupled in the third quarter compared to last year, as the Iran war continues to lift energy prices and boost profits for oil majors, the French company said in a trading update on Thursday…
Norwegian offshore vessel owner DOF Group has secured a contract extension for its construction support vessel (CSV) Skandi Nomad.The 12-month extension will keep the vessel on firm contract until November 2027.The extension follows the exercise of an existing contract option…
Fugro has secured a $169 million (€150 million) unsecured financing facility from the European Investment Bank (EIB) to support the development and deployment of its uncrewed surface vessel (USV) technology and expansion of remote maritime operations…
Aventa has acquired Irish Sea Contractors (ISC), an Ireland-based marine contractor specializing in subsea cable projects, commercial diving and marine civil engineering, as part of its strategy to expand offshore operations and installation capabilities…
Argentina's government said on Tuesday it had filed a request for provisional measures with the International Tribunal for the Law of the Sea seeking to halt British-authorized hydrocarbon activity near the Falkland Islands.The request aims…
A Ukrainian ex-military officer goes on trial in Germany on Wednesday, accused of organising the secret operation that blew up the Nord Stream gas pipelines in September 2022, severing western Europe from the biggest source of Russian natural gas…
Equinor and its partners Petoro and TotalEnergies have made an oil and gas discovery near the Oseberg field in the Norwegian North Sea, with preliminary estimates indicating between 19 million and 50 million barrels of recoverable oil equivalent…
Copenhagen Infrastructure Partners (CIP) has acquired a 25% stake in the 1.1 GW Five Estuaries offshore wind farm project in the UK from a Macquarie-led consortium, following RWE's exit from the development.The acquisition was made through CIP's fifth flagship fund…