Offshore Regions News - page 2

 

Chiyoda, NYK, KNCC Target Global CCS Value Chain Development

Mar 31, 2026

Chiyoda Corporation, NYK Line and Knutsen NYK Carbon Carriers (KNCC) have signed a memorandum of understanding to collaborate on carbon capture and storage (CCS) projects globally.Under the agreement, the companies will work together to expand CCS business opportunities in Japan and overseas…

Golden Pass LNG Reaches First Production Milestone in US

Mar 31, 2026

Golden Pass LNG, a joint venture between QatarEnergy and ExxonMobil, has produced its first liquefied natural gas from the initial train of its export facility in Texas, marking a step toward full operations.The project, located in Sabine Pass…

BW Energy Inks Sale-Leaseback Deal for Jack-Up Rig

Mar 31, 2026

BW Energy has signed a sale and leaseback agreement with Minsheng Financial Leasing (MSFL) for the Jasmine Alpha jack‑up drilling rig.BW Energy will receive an $80 million cash consideration, strengthening financial flexibility while maintaining continued access to the unit…

PV Drilling Names New ‘Super Rig’ ahead of April Operations

Mar 31, 2026

Petrovietnam Drilling & Well Service Corporation (PV Drilling) has named and commissioned its multi-purpose jack-up rig PV DRILLING IX in Ho Chi Minh City, with operations expected to begin in April 2026.The rig, described by the company as a high-specification unit…

Chevron’s Wheatstone LNG Plant Remains Offline Due to Cyclone Damage

Mar 31, 2026

Chevron said on Tuesday that downstream assets at its Wheatstone liquefied natural gas plant in Western Australia suffered extensive cyclone damage, leaving both production trains offline.Danny Woodall, Chevron's director of operations and maintenance for Australia…

Egypt, Cyprus Deepen Gas Ties with New Cooperation Framework

Mar 31, 2026

Egypt and Cyprus signed a framework agreement for cooperation on gas at the Egypt 2026 Energy Show on Monday.A spokesperson for the Cypriot presidency said that the non-binding agreement will be a base upon which the two countries can negotiate…

UK's Wind Output Surge Softens Blow from Global Energy Disruption

Mar 31, 2026

Record output from wind farms has helped boost total clean power supplies in the United Kingdom to new highs so far in 2026, and allowed power firms to pare use of fossil fuels to multi-year lows.The growth in wind output has helped shield the UK power system from the worst effects of the U…

Gas Majors Oppose Australia LNG Windfall Tax as Prices Surge

Mar 31, 2026

Gas majors including Shell and Chevron warned Australia against introducing a windfall tax on gas exporters, saying it would deter investment and undermine energy security as LNG prices surge amid disruption caused by the Iran war.Australia…

Offshore CCS Moves to Reality with Agogo FPSO Pilot

Mar 30, 2026

Yinson Production has started operating a pilot carbon capture and storage (CCS) unit on the Agogo floating production, storage and offloading (FPSO) vessel offshore Angola, which is deemed the world’s first post-combustion CO2 capture plant installed on an offshore facility…

TotalEnergies Completes UK Upstream Merger to Form NEO NEXT+

Mar 30, 2026

TotalEnergies has completed the merger of its U.K. upstream oil and gas business with NEO NEXT, creating a new company named NEO NEXT+ and taking a 47.5% stake in the combined entity.The deal establishes NEO NEXT+ as the largest independent oil and gas producer on the U…

Iberdrola Awards $4B Contracts for UK Subsea Power Link

Mar 30, 2026

Iberdrola has awarded contracts to Siemens Energy and Prysmian, worth more than $4 billion (€3.5 billion), for the development of the Eastern Green Link 4 subsea electricity interconnector between Scotland and England.Under the agreements, Siemens…

CRP Subsea Lands Offshore Wind Contract for Germany’s Nordlicht I

Mar 30, 2026

CRP Subsea has secured a contract from Jan De Nul to supply cable protection systems for Vattenfall’s Nordlicht I offshore wind project in the German North Sea.Under the agreement, CRP Subsea will deliver 141 cable protection systems to safeguard…

Reach Subsea Secures Equinor Contracts for Uncrewed Vessel Operations

Mar 30, 2026

Reach Subsea has secured two new contract call-offs from Equinor covering gas reservoir monitoring and subsea inspection, maintenance and repair (IMR) work on the Norwegian Continental Shelf.Both contracts will be carried out using the uncrewed surface vessel (USV) Reach Remote 1…

UK Grants $85M to Develop Port Talbot Floating Wind Hub

Mar 30, 2026

The U.K. government has committed up to $85 million (£64 million) to support the development of a floating offshore wind port at Port Talbot in Wales, as part of efforts to expand clean energy capacity.The funding will support Associated British…

Jadestone Shuts Down Stag Field after Cyclone Damage off Australia

Mar 30, 2026

Jadestone Energy, an Asia-Pacific focused oil and gas company, has shut down production at its Stag field offshore Australia after Cyclone Narelle caused damage to platform and offloading facilities.The company said operations were halted on…

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