Brazil's state-run oil firm Petrobras has acquired a 42.5% stake in Block 2613, offshore Namibia.The transaction was carried out in partnership with TotalEnergies, which also acquired 42.5% and will act as the operator of the block.TotalEnergies Secures Operated Interest in Namibia’s Offshore LicenseThe selling companies are Eight Offshore Investment Holdings and Maravilla Oil & Gas.After the completion of the transaction…
AF Offshore Decom, a company within AF Gruppen, has signed a contract with Ithaca Energy for the engineering, receipt, cleaning, dismantling, and recycling of a floating storage unit (FSU) from the U.K. sector of the North Sea.The vessel has a total weight of approximately 24…
Recent discussions with industrial teams have underscored how rapidly the digital “threatscape” is evolving across global energy systems, from oil and gas to chemicals, specialty gases, power generation, and transmission and distribution networks…
Maritime and critical infrastructure cybersecurity specialist Cydome has introduced a cybersecurity solution designed for offshore wind farms and other remote energy facilities that can be deployed without physical installation.The new offering…
Elemental Energies has acquired Norway-based geoscience specialist Applied Petroleum Technology (APT), expanding its subsurface and geochemistry capabilities as operators seek deeper technical insight across the well lifecycle.APT provides petroleum geochemistry…
The U.S. Treasury Department on Tuesday issued a general license to facilitate the exploration and production of oil and gas in Venezuela, a long-awaited step that could help increase output in the country.Washington has relaxed sanctions on Venezuela's energy industry since U…
Sustainability has become a defining priority across industrial and maritime operations. While much of the discussion centers on alternative fuels and emerging technologies, one of the most immediate and cost-effective opportunities to reduce…
Subsea7 has secured contract by Chevron for subsea installation in the Eastern Mediterranean.Subsea7’s scope includes the transport and installation of approximately 17 kilometers of subsea flowlines and umbilicals.Project management and engineering…
Shell needs an acquisition or exploration breakthrough to make up for an expected production shortage of 350,000-800,000 barrels of oil equivalent per day by 2035 due to maturing fields unable to meet its output targets, the company and analysts say…
Oslo-listed Vaar Energi, majority-owned by Italy’s Eni, kept its quarterly dividend unchanged on Tuesday after lifting its output target and posting a higher-than-expected operating profit, even as weaker oil and gas prices weighed on earnings…
Saipem’s first resident underwater drone Hydrone-R has completed an autonomous survey mission over the Arctic coral area of the Njord field offshore Norway, operating without cables or surface vessel support.Hydrone-R Underwater Intervention Drone carried out the mission independently…
BW Energy has informed that one of the existing joint venture partners in Angola's offshore blocks 14 and 14K has indicated its intention to exercise pre-emption rights in relation to the previously announced acquisition agreement.BW Energy…
Chevron has signed a memorandum of understanding, or an initial agreement, with the Syrian Petroleum Company and the Qatari firm UCC Holding to evaluate exploration for oil and gas offshore Syria, a spokesperson for the U.S. major said on Wednesday…
Seatrium has completed divested its AmFELS Yard located at Brownsville in Texas to Karpower Valley, a related party of Karpowership.The divestment, first announced in September 2025 and completed on January 30, 2026, will allow Seatrium to enhance capital and operational efficiencies…
McDermott has secured a decommissioning definition engineering contract by QatarEnergy for Qatar’s inaugural offshore decommissioning initiative.Under the contract scope, McDermott will develop a comprehensive technical and commercial framework…
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