Carbon capture and storage (CCS) is moving from a collection of demonstration projects toward a new infrastructure business. As of July 2025, 734 commercial CCS facilities were in operation or development, up from 628 a year earlier, while…
Thermoplastic composite pipe (TCP) manufacturer Strohm has secured a contract to supply four gas production jumpers for an ultra-deepwater field in Southeast Asia, with installation planned at water depths exceeding 2,200 meters.The contract covers four carbon fibre PA12 TCP jumpers…
Baker Hughes reported a fall in third-quarter profit on Tuesday, as prolonged conflict in the Middle East hit demand for services and equipment in the key oil-producing region.Repeated flare-ups in the Middle East conflict, now in its eighth month…
Seatrium announced that it has entered into a Memorandum of Understanding (MoU) with global floating power solutions specialist Karpowership to pursue a joint venture to develop floating power and infrastructure solutions in Singapore, with…
Swiss firm ANYbotics has started delivering its ANYmal X autonomous inspection robot, designed to operate in hazardous and potentially explosive environments, to oil, gas and chemical industry customers, including Equinor and DSM-Firmenich.The…
PlanSea and Infosys have joined forces to combine artificial intelligence (AI), marine logistics expertise and enterprise data integration to help offshore oil and gas operators optimize decommissioning planning and execution, targeting lower costs…
Ocean Power Technologies (OPT) and Stratum Holdings have signed a non-binding letter of intent (LOI) to explore the development of offshore data center assets powered by wave, wind and solar energy, combining renewable power platforms with high-performance computing infrastructure…
HydroWing, the tidal energy division of Inyanga Marine Energy Group, has awarded Ecodetect a contract to provide AI-powered marine wildlife monitoring systems for its 30 MW tidal stream energy project at Morlais in Wales.The technology will use underwater cameras…
SLB beat Wall Street estimates for third-quarter profit on Friday, supported by strong North American oilfield activity, while signaling recovery in parts of the Middle East following conflict-related disruptions.Repeated flare-ups in the US-Iran conflict…
The National Ocean Industries Association (NOIA) has launched Ocean Minerals Forward, a new industry education and communications initiative examining the potential of deep-sea mineral resources to strengthen U.S. critical mineral supply chains…
Norwegian engineering company Aibel has been awarded a front-end engineering and design (FEED) contract for the topsides of the planned Wisting production vessel, as the Equinor-led partnership advances work towards a potential investment decision for the Barents Sea development…
Norwegian engineering and technology company Techouse has agreed to acquire offshore potable water services specialist Ambio Water, expanding its water treatment business following a separate acquisition agreement announced earlier in October…
OneSubsea has completed a joint industry project in Brazil with TotalEnergies, Equinor, BP and Chevron to develop and qualify fully electric subsea production technologies for applications in water depths of up to 3,000 meters.The Brazil All-Electric Joint Industry Project (JIP)…
TechnipFMC and BP have signed a memorandum of understanding (MoU) to explore cooperation on the supply of high-pressure subsea production systems for BP's Paleogene oil developments in the U.S. Gulf.The agreement, announced on October 20, establishes…
DNV has become the first non-Japanese recognized organization authorized by Japan's Flag Administration to apply floating offshore wind classification rules in the country.The authorization allows DNV to apply its floating offshore wind rules within Japan's regulatory framework…