Malaysia’s state energy firm Petronas has signed a farm-out agreement with its Indonesian counterpart Pertamina for the share of its ultra-deepwater Bobara production sharing contract (PSC), offshore Indonesia.Under the agreement, Pertamina will hold a 24…
QatarEnergy has completed a farm-in transaction with Eni, acquiring a 40% participating interest in the North Rafah exploration block, offshore Egypt.The agreement, recently approved by the government of Egypt, grants QatarEnergy a 40% stake in the offshore concession…
Offshore wind developers and equipment suppliers are bracing for a slowdown in business in France where a political crisis has stalled changes to the country's energy framework and government tenders.The threat of a further hit to France's economy…
Scana-owned PSW Power & Automation has secured a contract for the design, manufacture, and assembly of a series of E-House modules that will be used for an offshore wind project.The E-House modules will serve as power distribution modules located at offshore substations…
Enshore Subsea has installed the first of two offshore export cables at Inch Cape offshore wind farm, using the CMOS Installer cable laying vessel.Operating from the Port of Blyth, the vessel installed the first of two 85-kilometre export cables for the 1…
African oil and gas company Rhino Resources plans to drill an appraisal well on a Namibian prospect next year and take a flow test on another as it races TotalEnergies to first oil in the southern African nation, its chief executive said.The appraisal well…
Process safety specialist Empirisys has entered into a partnership with offshore energy services provider Bumi Armada UK to enhance safety reporting and decision-making across North Sea operations through the deployment of its AI-driven platform…
Tampnet, a Norway-based provider of offshore connectivity services, has been selected to deliver digital connectivity infrastructure for the Salamanca deepwater development in the U.S. Gulf, operated by LLOG Exploration.Salamanca is a Floating…
Offshore wind services group Venterra has launched the V-LiDAR, a global fleet of advanced dual LiDAR buoys designed and manufactured in the U.K., aimed at advancing offshore wind measurement capabilities.The launch of the fleet follows $13…
Golar LNG has informed that all conditions for the 20-year charter of its 3.5 million tonnes per annum (MTPA) MK II Floating Liquefied Natural Gas (FLNG) unit to Southern Energy S.A. (SESA) in Argentina have been satisfied.The announcement confirms…
Fugro UST21 has completed offshore geotechnical site investigations for Ørsted’s 1.4 GW Incheon offshore wind project in Incheon, South Korea.The project, located approximately 70 km off the coast, is set to become the largest offshore wind…
China’s Ming Yang Smart Energy has officially announced its new medium-speed, compact semi-direct drive product line, and the OceanX platform’s 50 MW ultra-large floating wind turbine, pushing the global single-unit capacity record to a new high…
GE Vernova's profit topped third-quarter expectations on Wednesday, driven by strong equipment orders and surging U.S. power demand from data centers supporting artificial intelligence workloads.Growing power demand from AI and other data-heavy…
U.S. shipbuilders and port operators are getting hit in the fallout from President Donald Trump’s campaign to wipe out the offshore wind industry, suffering hundreds of millions of dollars in lost government support, vanishing vessel orders…
Stillstrom by Maersk, a marine technology leader delivering offshore power and charging solutions, has strengthened its leadership team with key senior appointments in Copenhagen and Aberdeen.Nikolaj Stald has joined as Chief Commercial Officer (CCO) at the company’s HQ in Copenhagen…
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