Oxford Flow has started commercial trials of its stemless control valve with ADNOC, marking a major step forward in industrial decarbonization across one of the world’s leading energy producers.The pilot is a result of Oxford Flow’s success…
Abu Dhabi state-owned renewables company Masdar reported a 2024 profit of 412 million dirhams ($112.18 million) on Thursday, reversing a 44-million-dirham net loss recorded the previous year.The company's total assets more than tripled in the year ending December 31…
Nippon Steel signed a cooperation memorandum with Denmark's wind turbine maker Vestas Wind Systems on Wednesday to supply steel for Vestas' wind towers for European, Asian and Japanese markets, Japan's industry ministry said.The agreement was part of a broader push by Japan's Ministry of Economy…
U.S.-based subsea services and technology firm Oceaneering has completed a major upgrade of its Ocean Intervention II oceanographic research vessel, equipping it to perform simultaneous autonomous offshore survey missions.The retrofit, carried out in early 2025 on the 25-year-old vessel…
Kongsberg Maritime has signed a development program framework agreement with Noble Corporation, marking a key step forward in the co-development of advanced marine technologies for the offshore drilling sector.The long-term strategic partnership will focus on the joint development…
Texas-based oilfield services company Weatherford has secured a significant contract to deliver Managed Pressure Drilling (MPD) services for the Trion project, a deepwater oil production project in Mexico operated by Woodside’s Mexican subsidiary…
Woodside has agreed to assume operatorship of the Australian Bass Strait assets that it shares with ExxonMobil and plans to develop additional gas resources using existing infrastructure there.Woodside will assume operatorship of the offshore Bass Strait production assets…
Offshore drilling contractor Shelf Drilling has secured work for two of its jack-up drilling rigs in U.K. and Egypt, under new contracts and extensions worth collectively around $35 million.Shelf Drilling has signed a one-year extension for…
Beacon Offshore Energy LLC said it began oil and natural gas production at its Shenandoah field off the coast of Louisiana on Friday, nearly a month after it was originally expected to commence.Beacon, which in May said it expects first oil in June…
U.S.-based low-carbon marine power, data, and service solutions provider Ocean Power Technologies (OPT) has signed a new reseller agreement with a Latin America-based partner focused on supporting the Mexican offshore and maritime markets.The…
BG International limited, an affiliate of Shell, has made a final investment decision (FID) to develop the Mina West gas discovery in Egypt’s Mediterranean Sea.Shell (60%) will operate the field alongside partner, Kufpec (Egypt) Limited (KUFPEC) (40%)…
Britain will increase the guaranteed price offered for offshore wind projects in this year’s renewables auction by 11%, government documents showed, amid rising costs for projects due to inflation and supply chain bottlenecks.The Labour government…
Huisman has signed a contract with Dong Fang Offshore (DFO) for the delivery of a modular cable lay system, specifically designed for deployment across range of vessels.Huisman’s 30mt cable lay system will be suitable for deployment for DFO’s…
Offshore construction firm Lamprell has awarded Ventherm a contract to deliver a fully automated robotic solution for the surface treatment of transition pieces used in offshore wind foundations.This first-of-its-kind project introduces a fully…
CorPower Ocean has secured a grant from the EU Innovation Fund to support the development of VianaWave, a pre-commercial 10MW wave energy farm to be deployed off the coast of northern Portugal.The grant, in the amount of $46.8 million (€40 million)…
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