A new analysis of environmental monitoring in the North Sea oil and gas sector, published by Offshore Energies UK (OEUK), the association representing the UK’s offshore energy industry, reports that emissions have been reduced, surpassing agreed targets…
Danish offshore wind developer Orsted has priced its $9.42 billion rights issue at 66.6 crowns ($10.46) per share, a 66.7% discount to the stock's closing price on Friday, as it shores up its finances in the face of mounting challenges.The company has been grappling with supply chain disruptions…
The Norwegian Offshore Directorate (NOD) has granted Equinor two drilling permits for wildcat wells in the North Sea.The first permit is for wellbore 34/4-19 S in production license 057, operated by Equinor with 31% working interest.Other partners in the license include Petoro 30%…
Oilfield services provider Petrofac has secured a contract extension from ONEgas West, a Shell UK-operated venture, for asset support services in the U.K.’s Southern North Sea.The contract scope provides services across ONEgas West’s Southern North Sea portfolio…
Lloyd’s Register (LR) has granted Approval in Principle (AiP) to Samsung Heavy Industries (SHI) for its new floating offshore wind turbine design, the SnapWind Float. SnapWind Float has been developed to deliver floating wind solutions that…
Seaway7, part of the Subsea7 Group, has installed the final monopile at Dogger Bank C offshore wind farm, part of 3.6 GW Dogger Wind Farm development being built offshore UK.Seaway7’s crane vessel Seaway Strashnov placed the final monopile in the North Sea…
Hellenic Cables, the cables segment of Cenergy Holdings, has signed a turnkey contract with the Independent Power Transmission Operator (IPTO) for the design, supply, and installation of a 150kV composite cable system interconnecting Igoumenitsa and Corfu in Greece…
French tubular solutions supplier Vallourec has secured a major contract by Petrobras for the supply of Oil Country Tubular Goods (OCTG) products and services for its offshore operations from 2026 to 2029.The long-term agreement could generate total revenue of up to $1 billion…
The Norwegian Offshore Directorate (NOD) has provided more details about the recent oil discovery at OKEA-operated license in the North Sea, which is being considered for tie-back to the nearby Brage field.Norwegian oil and gas firm OKEA and…
Energy technology company Baker Hughes has secured a contract by Turkish Petroleum (TPAO) and Turkish Petroleum Offshore Technology Center (TP-OTC) to supply subsea production and intelligent completion systems for Sakarya Gas Field Phase 3 in Black Sea…
Construction has started on the operations and maintenance (O&M) base for the 1.1 GW Inch Cape Offshore Wind Farm at Montrose Port in Angus, Scotland.The base will expand Inch Cape’s existing presence at Montrose, where its marine coordination center is already located…
Huisman has been awarded a contract from Hanwha Ocean for the design and construction of a 2,600 mt Leg Encircling Crane (LEC).The contract award follows the orders for two identical 2,600 mt Leg Encircling Cranes, destined for the wind turbine…
JERA Co. and the Government of Montenegro have signed of a Memorandum of Understanding (MoU), to explore the development of a liquefied natural gas (LNG) terminal and an associated gas-fired plant in the country. Through this strategic partnership…
The Norwegian Offshore Directorate (NOD) has granted Equinor a drilling permit for a wildcat well in the Norwegian Sea.The permit is for wellbore 6507/8-12 S in production license 124 B, operated by Equinor with 25.69% working interestOther partners in the license include Petoro with 36…
Italian energy services firm Saipem has secured a new offshore contract by Turkish Petroleum OTC for the third phase of the Sakarya gas field development project in Türkiye, worth approximately $1.5 billion.The third phase of development entails a new dedicated floating production unit (FPU)…
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