Industry News

 

DEME Takes Delivery of Norse Energi Wind Turbine Installation Vessel

Jan 16, 2026

Belgium-based offshore installation services company DEME has taken delivery of its second new wind turbine installation vessel, Norse Energi, at the CIMC Raffles Shipyard.As the sister vessel of the recently delivered Norse Wind, Norse Energi…

Vineyard Wind Goes to Court to Block US Government’s Suspension Order

Jan 16, 2026

Vineyard Wind, a nearly completed offshore wind project off the coast of Massachusetts, asked a federal court on Thursday to block the Trump administration's suspension of the industry in federal waters.The filing came the same day a federal…

Brava Energia to Buy Petronas Stake in Campos Basin Assets for $450M

Jan 16, 2026

Brazil’s Brava Energia has signed an agreement to acquire Petronas’ 50% equity interest in the Tartaruga Verde field and in Module III of the Espadarte field in the Campos Basin, in a transaction valued at $450 million.The assets are located…

TotalEnergies, BluEnergies Agree Joint Study on Liberia Deepwater Play

Jan 16, 2026

TotalEnergies has entered into a joint study and application agreement with Canada’s BluEnergies to assess the hydrocarbon prospectivity of the Harper Basin fan play offshore Liberia.Under the agreement, BluEnergies and the Liberian upstream…

Eni Launches Hull for Coral North FLNG Offshore Mozambique

Jan 16, 2026

Eni and its partners have launched the hull of the Coral North floating liquefied natural gas (FLNG) vessel, marking a key milestone in the development of Mozambique’s offshore gas resources.Coral North will be the second floating LNG facility…

Norway Grants Permit for Equinor’s Drilling Op in North Sea

Jan 16, 2026

The Norwegian Offshore Directorate (NOD) has granted Equinor a drilling permit for wildcat well in the North Sea.The permit is for a wellbore 34/8-A-37 H in production license 120, which is operated by Equinor with 53.2% working interest.The partners in the license include Petoro with 30% stake…

Vår Energi’s Well Tests Boost Potential of Barents Sea Discovery

Jan 16, 2026

Vår Energi has completed the appraisal well with two production tests on the Zagato structure in the Goliat Ridge discovery in the Barents Sea, confirming reservoir quality and adding recoverable volumes.The well was drilled approximately seven…

ADNOC Considering Entry Into Venezuela Gas Sector

Jan 16, 2026

Abu Dhabi state oil firm ADNOC is weighing entering Venezuela's energy industry and could seek a partnership with another international producer to participate in the nation's gas projects, Bloomberg News reported on Thursday, citing people familiar with the matter…

Petrobras Oil Output Rises 11% in 2025

Jan 16, 2026

Brazilian state-run oil firm Petrobras produced 2.40 million barrels of oil per day in 2025, up 11% from the previous year and surpassing the upper limit of the company's own target by 0.5 percentage points, it said on Thursday.Total oil and gas production reached 2…

Chevron Greenlights Expansion of Israel’s Leviathan Gas Field

Jan 16, 2026

Chevron and its partners in the Leviathan natural gas reservoir have reached a Final Investment Decision (FID) to expand the production capacity of the strategic Leviathan production platform located offshore Israel.The Leviathan expansion project…

Empire Wind Granted Preliminary Injunction, Construction to Resume

Jan 15, 2026

The underlying lawsuit challenging the U.S. Department of the Interior’s December 22, 2025 suspension order will continue to proceed.Empire Wind will now focus on safely restarting construction activities that were halted during the suspension period…

EnBW Incurs $1.4B Impairment Charge After Exiting UK Wind Farms

Jan 15, 2026

German utility EnBW said on Thursday it was taking a 1.2 billion euro ($1.4 billion) impairment charge after pulling out of two wind projects in Britain, a direct consequence of losing out in a landmark UK offshore tender.The two offshore wind…

DNV Approves ModuSpec’s BOP Monitoring Tech for Offshore Use

Jan 15, 2026

ModuSpec, MR Group’s rig and well control equipment solutions business, has received Technology Qualification from classification society DNV for its blowout preventer (BOP) real-time monitoring capabilities, clearing the way for wider deployment…

TotalEnergies, Mitsui, Nordsøfonden Get CO2 Storage Permit in North Sea

Jan 15, 2026

The Danish Energy Agency has issued a permit for exploration and potential storage of CO2 in the North Sea off Denmark to consortium comprising TotalEnergies, Mitsui and state-owned Nordsøfonden.The agency awarded the six-year exploration permit…

MODEC Picks Everllence Compression Systems for Brazil FPSO

Jan 15, 2026

MODEC has commissioned Everllence to supply five compressor trains for its new Floating Production Storage and Offloading (FPSO) for the Gato do Mato - Orca Project offshore Brazil.The FPSO will be moored in the pre-salt area of the Santos Basin…

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