Danish power cable maker NKT has signed final contracts with SSEN Transmission for two high-voltage direct current (HVDC) transmission links in Scotland.The contracts cover the 525 kV HVDC power cable systems for the Western Isles and Spittal to Peterhead transmission links…
RWE Supply & Trading has signed a 20-year sales and purchase agreement with Texas LNG Brownsville, part of Glenfarne Group, for the supply of liquefied natural gas (LNG) from the United States.Under the agreement, RWE will purchase one million tonnes of LNG per year…
Vår Energi has completed the appraisal well with two production tests on the Zagato structure in the Goliat Ridge discovery in the Barents Sea, confirming reservoir quality and adding recoverable volumes.The well was drilled approximately seven…
Saudi Aramco and Commonwealth LNG have signed a long-term contract for the U.S. LNG developer to supply the world's largest oil exporter with 1 million metric tonnes per annum (mtpa), three people familiar with the deal tell Reuters.The deal…
Fugro has extended its partnership with PTSC Geos and Subsea Services (PTSC G&S) to provide marine site characterization services in Vietnam, supporting rising demand from both the oil and gas sector and the country’s growing offshore wind industry…
The U.K. has awarded a record 8.4 GW of offshore wind capacity in its latest Contracts for Difference allocation round (AR7), with RWE emerging as the largest winner after securing contracts for 6.9 GW and agreeing a long-term partnership with investment firm KKR…
Norway's government said on Mondayit will present a policy document to parliament next year on the future of the oil and gas industry, including companies' access to exploration acreage.'The oil and gas industry is crucially important for Norway…
Italian offshore services firm Saipem has informed that its jack-up rig Perro Negro 7 will resume operations off Saudi Arabia for Aramco, starting January 2026.The contract for Perro Negro 7 was awarded to Saipem in 2011 and extended in June 2023 for 10 years…
When we interviewed Saronic Co-Founder and CEO Dino Mavrookas late last year, he insisted that Saronic's mission was to deliver commercially viable autonomous vessels first, and in turn parlay that into a ready package for defense. That vision…
Subsea technology and services firm SMD has secured a multi‑vehicle contract in Asia’s emerging offshore wind sector, marking a milestone with the region’s first electric work‑class remotely operated vehicle (ROV) purchase.The deal will see…
Equinor has awarded framework agreements worth around $9.93 billion (NOK 100 billion) to seven supplier companies, laying the groundwork for maintenance and modification work at its offshore installations and onshore plants in Norway over the coming years…
Norway's offshore oil and gas output will remain broadly steady in 2026, but investments are seen falling by 6.6%, signalling a slowdown in activity and declining production towards the end of this decade, the country's regulator said on Thursday…
U.S. oil major Chevron and private equity group Quantum Energy Partners are teaming up to bid for the international assets of Russian oil major Lukoil, which are valued at $22 billion, the Financial Times reported on Wednesday.“Chevron has a…
Shell has agreed to buy stakes in two undeveloped offshore blocks in ultra-deep waters offshore Angola from Chevron, the European energy major said on Tuesday.European oil majors have said they will spend billions in Angola, Sub-Saharan Africa's second-largest crude oil producer after Nigeria…
While challenges linger from the 2025 offshore rig market, there are signs it will look brighter from late 2026 onwards.Main Events of 2025One of the biggest talking points of 2024 and 2025 was Saudi Aramco’s suspension of 36 jackups from April 2024…