Mexican state oil company Pemex signed its first mixed contracts with private sector partners in a bid to reverse declining hydrocarbon production, according to President Claudia Sheinbaum's government report delivered to Congress.The 11 deals…
Engineering consultancy Wood has secured a three-year contract extension to provide operations, maintenance, modifications and support services on Equinor’s assets at the Mariner field, located on the UK Continental Shelf (UKCS).With the extended contract…
Fugro has signed two three-year contracts with offshore energy services company Constellation to support deepwater exploration activities in Campos Basin and the emerging Equatorial Margin, two of Brazil’s most strategically important regions…
TechnipFMC has secured two subsea contracts from Brazil’s state-controlled oil company Petrobras to supply flexible pipe systems for projects in the Santos and Campos basins.The first award, classed by TechnipFMC as ‘substantial’ and valued between $250 million and $500 million…
Skyborn Renewables has secured contractors for all major packages of the 976.5 MW Gennaker offshore wind farm in the German Baltic Sea, set for completion in 2028.The preferred supply agreements (PSAs), completed over the summer of 2025, include…
French seismic firm Viridien has taken ownership of seismic field data from the Momentum survey, which will be incorporated into Laconia, the company’s sparse ocean bottom node (OBN) program in the U.S. Gulf.The new coverage will extend Viridien’s…
Danish offshore wind installation firm Cadeler has opened new, expanded offices in Taiwan's capital Taipei, underscoring the company’s focus on strengthening client collaboration and long-term growth in the Asia-Pacific region.With the opening of this new office…
MODEC has signed a co-operation agreement with Africa Finance Corporation (AFC), Africa’s major infrastructure solutions provider, to collaborate on floating production, storage, and offloading (FPSO) projects as well as other maritime infrastructure projects in Africa…
Global Energy Consultancy ABL Group has appointed Hege Marie Norheim as the new chief executive officer (CEO), succeeding Reuben Segal, who will take on the role as Chief Growth Officer (CGO).Norheim is a seasoned industry professional with 30 years’ experience from senior leadership roles…
Altera Infrastructure has entered into an agreement to sell its entire floating production, storage and offloading (FPSO) business to global investment firm Carlyle.The acquired business includes Altera’s full FPSO portfolio, the floating storage…
Israeli energy investor Delek Group and Italian oil and gas explorer Eni have raised about 106 million pounds ($143.2 million) by selling their shares in UK's Ithaca Energy, a bookrunner said on Tuesday.The top two shareholders of Ithaca offloaded 49…
Seaway7, part of the Subsea7 Group, has secured a ‘substantial’ contract by Synera Renewable Energy (SRE), for the transport and installation of inter-array cables for the Formosa 4 offshore wind farm in Taiwan.The 495 MW Formosa 4 offshore…
TotalEnergies, together with its partner South Atlantic Petroleum, have signed the Production Sharing Contract (PSC) for two exploration licenses offshore Nigeria.The PSC was signed for the PPL 2000 and PPL 2001 licenses, in which TotalEnergies is the operator with 80% working interest…
Brazil's oil and gas production of oil equivalent per day (boed) in July, oil regulator ANP said on Monday, exceeding the key level of 5 million boed for the first time ever.Oil output reached 3.959 million barrels per day in the month, up 22…
Offshore drilling contractor Transocean has announced plans to dispose of four drillships and one semi-submersible drilling rig as part of its fleet optimization efforts.On August 27, 2025, Transocean announced it intends to dispose of, by sale to a third party for recycling or alternative use…