Dutch floating production specialist SBM Offshore raised its 2026 revenue guidance on Thursday after first-quarter directional revenue more than tripled, driven mainly by its turnkey business and the sale of One Guyana.The company sold One Guyana…
DOF Group has secured four 12-year charter and services contracts in Brazil following a competitive tender process, supporting Petrobras’ deepwater subsea inspection, maintenance and repair operations.The contracts will lead to the construction…
Subsea7 has been awarded a substantial engineering, procurement, construction and installation (EPCI) contract by ExxonMobil for a subsea tie-back project offshore Angola.The contract, awarded to Subsea Integration Alliance, relates to the Redevelopment 2…
Norwegian subsea services firm Reach Subsea has received a letter of intent for a multi-year contract covering inspection, maintenance and repair (IMR) and light construction services in the Mediterranean and Black Sea.Aside from the letter of intent…
Equinor has awarded Aker Solutions a front-end engineering and design (FEED) contract to prepare the Kvitebjørn platform for production from the Atlantis subsea tie-in project in the North Sea.Atlantis is a gas condensate discovery located about…
Multidisciplinary consultancy AGR has entered into a partnership agreement to onboard the offshore support vessel Aquaman II, expanding its capacity for subsea operations, plug and abandonment (P&A) and decommissioning work in the North Sea…
The changing global bottom-fixed offshore wind turbine and foundation installation marketThe last two or three years have seen a change in the underlying stakeholder support for the energy transition, resulting in the energy trilemma being focused…
RWE has signed a 15-year power purchase agreement (PPA) with Breedon Group to supply renewable electricity from its wind portfolio to the construction materials company’s operations in UK.Under the deal, RWE will provide around 70 gigawatt hours of electricity per year…
Ocean Winds (OW), a 50-50 joint venture between EDPR and ENGIE, has installed the final turbine at its Îles d’Yeu and Noirmoutier (EMYN) offshore wind farm in France.The installation of the final turbine marks the completion of construction works…
China's CNOOC posted a 7.1% rise in first-quarter net profit on Tuesday as the Iran war pushed up global oil prices and the offshore oil and gas major increased its production.Net income for the January-to-March period was 39.14 billion yuan ($5…
Energy technology company SLB has launched AlphaSight, its latest innovation in reservoir mapping and drilling intelligence.AlphaSight leverages industry-first technologies, setting a new benchmark for visibility and control in complex drilling environments to maximize production potential…
DNV has been appointed independent certifier for the Northern Endurance Partnership (NEP) CO2 transport and storage project in the UK.The project underpins the UK’s East Coast Cluster and will transport CO2 from industrial emitters in Teesside for storage beneath the southern North Sea…
ZKS Ferrum, a Polish manufacturer specializing in large-scale welded steel structures, has secured a contract from Dajin Offshore to supply steel structures for the Nordseecluster B offshore wind project.The project is the second extension phase of the 1…
In recent years, Asia’s offshore sector has regained strategic importance, particularly in countries such as Malaysia, Indonesia and Vietnam, as operators pursue new upstream opportunities while governments seek to strengthen domestic and regional energy security…
Security is all too often treated as a purely compliance-driven exercise. This isn’t advisable in any industry, but it is particularly damaging for those that fall under critical infrastructure frameworks. Ports, and, by extension, the dredging operations that maintain and expand shipping lanes…
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