Finder Energy has agreed to acquire the Petrojarl I floating production, storage and offloading (FPSO) vessel from Amplus Energy for $15 million in cash and shares, in a move the company said will accelerate development of its Kuda Tasi and Jahal (KTJ) oil fields project, off Timor-Leste.The purchase price includes $6 million in cash and, subject to shareholder approval, the issue of about 37.2 million shares valued at $9 million…
Africa-focused oil and gas company VAALCO Energy has started its phase three drilling program offshore Gabon with the spudding of the ET-15 infill well on the Etame platform.As previously announced, the company secured a drilling rig in December…
Japan’s JERA, the country’s largest power producer, has signed its first long-term liquefied natural gas (LNG) supply agreement outside Japan with India’s Torrent Power.Under the 10-year deal beginning in 2027, JERA will supply four LNG cargoes a year…
Kongsberg Maritime has signed a major contract with Sea1 Offshore to deliver Launch and Recovery Systems (LARS) for the company’s four new offshore construction vessels. Each vessel will be equipped with two advanced LARS units, supporting subsea construction and ROV operations…
Kongsberg Maritime is marking 50 years since the introduction of its first dynamic positioning (DP) system, a Norwegian innovation that transformed offshore operations and set new standards for safety and efficiency at sea.The story began in the mid-1970s…
ABS issued approval in principle (AIP) to Hanwha Ocean Co. Ltd. for remote control functions for FPSO units.ABS completed design reviews based on the ABS Requirements for Autonomous and Remote-Control Functions.The project is part of the Offshore…
A consortium led by UK unmanned vessel developer ACUA Ocean has secured government support to develop a new 145-foot uncrewed offshore support vessel, aiming to scale up autonomous operations for offshore energy, logistics and surveillance.The Project MROS consortium…
Intermoor, Acteon’s Moorings and Anchors business line, has been awarded a three-year contract by Petrobras, to provide mooring asset integrity services.With work due to commence in December 2025, Intermoor will deliver comprehensive quality…
DNV Inspection has appointed two new specialists to support its expanding offshore wind and low-carbon energy business as global demand rises for assurance and inspection services across renewables, the company said on Thursday.Iván Jaramillo…
Subsea7 has secured a sizeable contract by Ithaca Energy, for the provision of off-station decommissioning services for the Alba floating storage unit (FPU) and Greater Stella field FPF-1 production facility, off United Kingdom.The decommissioning scope includes the flushing of the subsea pipelines…
Windcat, part of CMB.TECH, has signed a contract with Damen Shipyards to build a new Multi-Purpose Accommodation Support Vessel (MP-ASV), with options for five additional units.To be known as the Innovation Series, the new class of offshore support vessels will combine a large open deck…
Lighting specialist Glamox has secured a contract to supply exterior marine LED lighting for four Offshore Construction Vessels (OCVs) commissioned by shipping company Seatankers.These highly versatile vessels can support all manner of offshore construction projects…
Energy industry services firm EnerMech has secured a one-year contract extension to deliver crane maintenance and integrity services across six assets for Woodside in North West Australia.The renewed scope covers six offshore assets in North West Australia…
ABS issued an approval in principle (AIP) to Petrobras for its safety-enhancing “sandwich hull” design concept for floating production storage and offloading (FPSO) tanks.The design uses parts of longitudinal and transverse elements constructed…
Allseas’ small modular reactor (SMR) technology could generate up to $150 million billion in economic value for the Netherlands and create as many as 40,000 new jobs by 2050, according to an impact study released on Monday by the offshore engineering group…
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