BW Energy has secured $208 million in long-term lease financing for the Akoum wellhead platform (WHP) planned for its Bourdon oil field development offshore Gabon, alongside an 18-month extension of its $250 million corporate revolving credit facility.The project-level lease agreement with Minsheng Financial Leasing (MSFL) covers the full capital expenditure of the platform, which is being converted from the Akoum drilling rig into a 12-slot wellhead facility for installation at Bourdon…
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…
DOF Group ASA announced the award of a significant contract with a North Sea operator for a subsea decommissioning campaign.The contract scope includes project management, engineering, offshore execution and disposal services for the removal…
Equinor has signed an agreement to sell a 30% interest in its Bay du Nord offshore oil project in Canada to Shell, bringing in a new partner as the companies work towards a final investment decision in early 2027.Under the agreement, Equinor…
The topsides and jackets for two offshore substations serving Germany's 927 MW Gennaker offshore wind farm have departed the Netherlands for installation in the Baltic Sea as part of the OST-6-1 offshore grid connection project.The OSS Zingst…
Lamprell has signed an agreement with International Maritime Industries (IMI) to fabricate several offshore structures, including a production platform and jackets, at IMI's Ras Al-Khair facility in Saudi Arabia.The fabrication work forms part of an offshore engineering…
TenneT Germany has joined DEME and Subsea Cable Assets (SCA) as a development sponsor of Frequensea's subsea cable decommissioning tool, which is being developed to recover buried offshore cables while reducing seabed disturbance.The technology…
Buchan Offshore Wind has secured DNV Basic Design Certification for the BW Ideol-designed concrete Damping Pool floating foundation planned for its nearly 1 GW project off Scotland, marking a further engineering milestone ahead of commercial-scale development…
Ocean Breeze Energy has agreed to acquire the 60 MW Alpha Ventus offshore wind farm from EWE, RWE and Vattenfall, with plans to operate Germany's first offshore wind farm beyond its originally planned 20-year service life.Financial terms were not disclosed…
BW Offshore's blue ammonia floating production, storage and offloading (FPSO) concept, jointly developed with McDermott, has received Approval in Principle (AiP) from DNV, advancing the proposed offshore low-carbon ammonia production solution towards further design development…
Bernhard Schulte Shipmanagement (BSM) has agreed to acquire a 50% stake in Norwegian offshore recruitment and crewing specialist OffshoreCrew, expanding its services for offshore and maritime customers.Kristiansand-based OffshoreCrew provides recruitment…
China-based BOMESC Offshore Engineering's wholly owned subsidiary Tianjin BOMESC has signed a contract with SBM Offshore for the design, procurement and construction of topside modules for a floating production, storage and offloading (FPSO) destined for South America…
Dajin Heavy Industry has selected Ulstein's ULSTEIN HX122 design for an offshore installation vessel capable of installing future 4XL monopiles, expanding the offshore wind foundation supplier's activities into offshore installation.The vessel…
Ventura Offshore has agreed a contract amendment with two subsidiaries of Eni and Petronas joint venture Searah for an additional well offshore Indonesia, adding about $21.7 million to the firm backlog of its SSV Catarina semi-submersible drilling rig…
The 1.1 GW Inch Cape offshore wind project in Scotland has completed installation of its second 85-km offshore export cable, with the two-cable system set to be energized in the coming weeks ahead of first power towards the end of 2026.The second…
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