Far News

 

Chevron and ExxonMobil Portfolios Overlap Put Mega-Merger Back in Spotlight

Jul 24, 2025

Exxon Mobil and Chevron's recent major acquisitions raise a provocative question: does the U.S. still need two energy titans, or might it be more efficient for the two to join forces?An $800 billion combination would certainly evoke memories of Standard Oil, the conglomerate John D. Rockefeller created in 1870 that dominated the American oil industry before the Supreme Court branded it an illegal monopoly in 1911…

Declining Oil Prices Drive Down Equinor’s Quarterly Profit by 13%

Jul 24, 2025

Europe's gas market could tighten further ahead of the winter season as storage levels remain well below last year and the continent faces competition from Asia for LNG shipments, the CEO of Norway's Equinor told Reuters on Wednesday.Europe's…

Saipem Shares Financial Results for First Half of 2025

Jul 23, 2025

Saipem achieved a semester of further growth, confirming the constant progression in operating and financial performance over the last three years which enabled, in the month of May, the distribution of the largest dividend in the company's history…

POSH Welcomes AHTS Vessel to its Fleet

Jul 23, 2025

PACC Offshore Services Holdings (POSH), an offshore marine solutions provider, has expanded its towage and installation fleet with the addition of a new anchor handling towing (AHT) vessel, POSH Courage.This fleet enhancement strengthens POSH’s capacity to undertake larger or multiple towages…

Vantage Drilling Secures More Time to Formalize Ultra-Deepwater Drillship Deal

Jul 23, 2025

Offshore drilling contractor Vantage Drilling has extended the expiration date for the conditional letter of award (CLOA) for its Platinum Explorer ultra-deepwater drillship, agreed with an undisclosed client.The 90-day validity period of the…

CEP Makes ‘Significant’ Oil Discovery Offshore Poland

Jul 22, 2025

Canadian exploration and production company Central European Petroleum (CEP) has made a significant oil discovery in its fully owned and operated Wolin East 1 (WE1) well, located in the Baltic Sea, offshore Poland.The WE1 well was drilled using…

Pandion Energy Divests Interests in Three Norwegian Assets to Inpex

Jul 22, 2025

Norwegian oil and gas company Pandion Energy has entered into an agreement to sell its participating interests in three assets comprising seven production licenses on the Norwegian Continental Shelf (NCS) to Inpex Idemitsu Norge, owned by Japan’s Inpex…

Galp Ups Profit Target as it Eyes Oil and Gas Partner for Namibia

Jul 21, 2025

Portugal's Galp Energia on Monday raised its core profit target for the full year after a better-than-expected performance in the second quarter and said it expects to find a partner to develop a promising oil discovery offshore Namibia.Shares were up 2…

Tidal Transit Holds Belated Christening for CTV Fresh off its Maiden Job

Jul 21, 2025

The latest addition to Tidal Transit’s fleet of purpose-built crew transfer vessels (CTVs), Imogen Rose, was officially christened at Equinor’s pontoon in Great Yarmouth.The ceremony formed part of a wider event, hosted by multinational energy company Equinor…

Vår Energi Makes Commercial Gas Discocvery in Norwegian Sea

Jul 21, 2025

Vår Energi has made a new commercial gas and condensate discovery in the Vidsyn exploration well, located close to the its operated Fenja field in the Norwegian Sea.The discovery is the third commercial discovery for Vår Energi so far in 2025 and will be evaluated as a potential tie-in to Fenja…

Vard Books Construction Order for CSOV Pair

Jul 18, 2025

Norwegian shipbuilder Vard has signed a contract for the design and construction of two Commissioning Service Operation Vessels (CSOVs) for an undisclosed international customer.The agreement, valued between $115 million and $230 million, also has an option for one additional vessel Vard said…

Cadeler Adds Wind Keeper WTIV to Fleet, Locking in Long-Term Vestas Deal

Jul 18, 2025

Cadeler has taken delivery of its latest acquisition, a newly-constructed jack-up wind turbine installation vessel (WTIV) Wind Keeper, securing also a long-term contract for its maiden job with Vestas.Cadeler announced its agreement to purchase…

Chevron Emerges as Winner in ExxonMobil Dispute Over Guyana Oil Field

Jul 18, 2025

Chevron will proceed with its $53 billion acquisition of Hess, after it prevailed in a landmark legal battle against larger rival Exxon Mobil to gain access to the largest oil discovery in decades.Shares of Chevron were up 3.6% in premarket trading…

BASF Signs Up for Long-Term Natural Gas Supplies from Norway

Jul 18, 2025

German-based chemical firm BASF and Equinor have signed a long-term strategic agreement for the annual delivery of up to 2 billion cubic meters or 23 terawatt hours of natural gas over a 10-year period.The contract secures a substantial share of BASF’s natural gas needs in Europe…

Federal Uncertainty Shuts Down NY Offshore Wind Transmission Plan

Jul 17, 2025

The New York State Public Service Commission has terminated its offshore wind transmission planning process due to stalled federal permitting, to protect state ratepayers from premature infrastructure costs, it said on Thursday.This halts the…

Current News

FLNG Capacity to Jump

FLNG Capacity to Jump

Kongsberg Maritime, Noble Corp to Jointly Advance Offshore Drilling Tech

Kongsberg Maritime, Noble Corp

Ocean Winds Picks Siemens Gamesa Offshore Wind Turbines for Polish Project

Ocean Winds Picks Siemens Game

Weatherford to Deliver MPD Services for Woodside’s Trion Project off Mexico

Weatherford to Deliver MPD Ser

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine