OMV Petrom and Romania's Romgaz have completed the installation of the offshore production platform for the Neptun Deep natural gas project in the Black Sea, marking a major milestone as the development remains on track to start production in 2027.The Neptun Alpha platform, installed in water depths of about 120 meters, weighs more than 16,500 metric tons and stands over 225 meters tall. The jacket and topsides were manufactured by Saipem at its shipyards in Arbatax…
Plexus Holdings has signed a two-year engineering agreement with Cactus Wellhead to develop and qualify a range of wellhead products for offshore energy applications.Under the agreement, Plexus will provide engineering, analysis and testing services…
Altera Infrastructure has signed principal agreements with Eni for the supply of a newbuild floating production storage and offloading (FPSO) vessel for the Baleine Phase 3 development offshore Côte d’Ivoire.The agreements cover engineering…
MODEC has completed the forward hull section of floating production, storage and offloading (FPSO) vessel Gato do Mato, marking a key construction milestone for the Brazil-bound offshore production unit.The forward hull section, built at Sumitomo…
Houston-based Nauticus Robotics has strengthened its balance sheet through a debt-for-equity exchange that eliminates approximately $4 million in outstanding debt while increasing shareholders' equity.The company announced June 30 that an existing lender agreed to convert approximately $4…
The offshore energy industry is in the midst of a new investment cycle, driven by major developments in South America, renewed demand for energy security and an increasing reliance on digital technologies to improve asset performance. For Matt Tremblay…
Aker Solutions signed a 'sizeable. ($50m to $150m by the company's definition) five-year agreement with Cenovus Energy Inc. for engineering and maintenance services on White Rose field assets.The White Rose field is located approximately 350 km east of St…
German transmission system operator 50Hertz has awarded a consortium comprising Siemens Energy and Neptun Smulders Offshore Renewables (NSORe) a contract to deliver a 2 GW offshore converter system for the North Sea Connector 2 project, marking…
ABB has been awarded a contract to modernize automation and control systems on the Buzzard offshore platform in the UK North Sea, supporting continued safe and reliable operations at one of the country's largest oil fields.The platform, operated by CNOOC Petroleum Europe…
Technip Energies, in partnership with JGC and Samsung Heavy Industries, has been awarded an engineering, procurement, construction, installation and commissioning (EPCIC) contract by Mozambique Rovuma Venture (MRV) for the Coral North floating…
McDermott has been selected by Aramco as one of 11 contractors under a long-term Project Management Consultancy (PMC) agreement supporting the delivery of energy, downstream, petrochemical and low-carbon projects across Saudi Arabia.The multi…
MODEC and Norway-based Eld Energy have signed a memorandum of understanding to develop a 1.2 MW power system integrated with carbon capture for future floating production, storage and offloading (FPSO) vessels.Under the agreement, Eld Energy will lead the design…
Accurate, immediate data while drilling is central to efficient, effective outcomes. Tronics Microsystems earlier this year introduced its inertial sensor portfolio with the launch of the AXO315 T1, a high-temperature digital accelerometer designed for energy sector drilling applications…
Energy services company Weatherford has been awarded a deepwater integrated completions contract by Esso Exploration & Production Nigeria (EEPNL), an ExxonMobil affiliate, offshore Nigeria.The contract falls within Weatherford’s Well Construction and Completions portfolio…
Wood has secured a contract by China Offshore Oil Engineering Company (COOEC) to deliver detailed design work for QatarEnergy’s Bul Hanine EPIC2 offshore oil and gas redevelopment project in Qatar.The scope includes the design of 25 subsea pipelines…
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