Industry News

 

Kongsberg Discovery Upgrades Kongsberg Listen Electromagnetic Sensor

Feb 19, 2026

Kongsberg Discovery has upgraded its Kongsberg Listen electromagnetic sensor system, enhancing data processing and visualization capabilities for inspections, surveys and knowledge acquisition in complex underwater environments.The system, formerly known as Argeo Listen…

Akita Offshore Wind Build Progresses as JERA Defies Cost Pressures

Feb 19, 2026

Japan's top power generator JERA has begun construction of its offshore wind project in Akita, northern Japan, and is on schedule for a 2028 start-up, President Hisahide Okuda said on Wednesday.The move comes despite soaring material and construction costs…

Staatsolie: Guyana-Suriname Gas Pipeline of ‘High Interest’

Feb 19, 2026

A pipeline between neighbors Guyana and Suriname to transport gas from their offshore projects would be of 'high interest' to increase the availability of the fuel, said on Wednesday the managing director of Suriname's state-run Staatsolie, Annand Jagesar…

Exxon’s Uaru, Whiptail Projects Advance Ahead of Schedule in Guyana

Feb 19, 2026

Exxon Mobil's fifth and sixth projects in Guyana - Uaru and Whiptail - are progressing ahead of schedule and under budget, the oil major's president of Guyana operations said on Wednesday during an energy conference.Alistair Routledge, Exxon Guyana President…

Trinidad Hopeful for Offshore Gas Projects with Venezuela

Feb 18, 2026

Trinidad and Tobago's government is optimistic two flagship offshore gas projects with neighboring Venezuela to be operated by Shell, BP and Trinidad's National Gas Company will move forward amid political changes in the OPEC country, the energy minister of the twin-island nation said on Wednesday…

Viridien Teams Up with NVIDIA to Accelerate Seismic Imaging Workflows

Feb 18, 2026

Viridien has entered into a collaboration with NVIDIA to advance high-performance computing (HPC) capabilities for seismic imaging workflows, focusing on optimizing subsurface imaging technologies on NVIDIA accelerated computing platforms.The…

Dolphin Drilling, Vantris Ink Marketing Deal for Blackford Dolphin Semi-Sub

Feb 18, 2026

Dolphin Drilling Offshore, a wholly owned subsidiary of Dolphin Drilling, and Sapura Drilling Asia, a wholly owned subsidiary of Vantris Energy, have entered into a marketing agreement for the semi-submersible drilling unit Blackford Dolphin…

Turkey’s TPAO, Shell Partner for Offshore Exploration in Bulgaria

Feb 18, 2026

Turkish Petroleum (TPAO) has signed a partnership agreement with Shell to conduct oil and gas exploration activities in the Khan Tervel Field located in Bulgaria’s exclusive economic zone, marking its latest move to expand internationally.Under the deal…

Equinor Drills Dry Well in Barents Sea

Feb 18, 2026

Equinor and its partners have drilled a dry well on the Vikingskipet prospect in the Barents Sea.Wildcat well 7018/5-2 was drilled in production license 1236, about 190 kilometers west of Hammerfest and about 140 kilometers southwest of the Snøhvit field…

Santos Posts 25% Profit Fall, Plans to Cut 10% of Jobs

Feb 18, 2026

Santos unveiled plans to cut about 10% of staff and review its Australian Integrated Oil and Gas portfolio after reporting a sharp fall in annual profit on Wednesday.Shares of Australia's No. 2 oil and gas producer closed 0.6% lower at A$6.63…

Suriname, Guyana Plan Cross-Border Team for Join Gas Projects

Feb 18, 2026

Suriname and Guyana plan to create a joint technical team to explore the development of natural gas production projects between the two South American countries, Suriname's oil minister told Reuters.The team, which could be installed next month…

Eco Wave Power Wraps Up Feasibility Study for South Africa’s Wave Project

Feb 17, 2026

Eco Wave Power has completed a feasibility study for a potential wave energy power station at the Port of Ngqura in South Africa, identifying the technical potential to deploy approximately 8.3 MW of installed capacity along the port’s breakwater infrastructure…

OneSubsea Gets Gullfaks Subsea Compression Upgrade by Equinor

Feb 17, 2026

OneSubsea, a joint venture between SLB, Aker Solutions, and Subsea7, has been awarded an engineering, procurement and construction (EPC) contract by Equinor to upgrade the subsea compression system at the Gullfaks field in the Norwegian North Sea…

Saipem Agrees $272M Deal to Acquire Deep Value Driller Drillship

Feb 17, 2026

Saipem has reached agreement on the main terms and conditions to acquire the seventh-generation drillship Deep Value Driller for $272.5 million.The Deep Value Driller is a high-specification ultra-deepwater drillship built in 2014, featuring GustoMSC P10000 design and able to accommodate 210 people…

New Alliance Targets Offshore Caisson Integrity Challenges

Feb 17, 2026

THREE60 Energy, Innovair and Oil States have formed a strategic alliance to deliver integrated caisson integrity management services for the global oil and gas sector, targeting ageing offshore assets in mature basins such as the North Sea.The collaboration combines inspection…

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