Kongsberg Maritime has signed a contract for the design and equip two multi-purpose subsea vessels for Olympic Group, which will be methanol-ready and feature battery hybrid technology.The UT7623 Sustainable Energy Vessels (SEVs) are the first…
Shell has completed the sale of its Nigerian onshore subsidiary, the Shell Petroleum Development Company of Nigeria Limited (SPDC), to Renaissance as part the $1.3 billion agreement announced early in 2024.The divestment of SPDC aligns with…
SBM Offshore has entered into a global collaboration agreement with Microsoft to develop standardized, AI-powered carbon-free floating power solutions to address the growing needs for carbon-free electricity.This collaboration is set to transform…
BP plans to explore for new oil fields in the Azeri Caspian Sea, BP's upstream chief Gordon Birrell told Reuters.BP is already working on stemming declining output at producing fields in the Caspian Sea, namely the Azeri–Chirag–Gunashli (ACG) complex of oilfields and the Shah Deniz gas field…
Brazilian state-run oil company Petrobras and its Colombian counterpart Ecopetrol could have the licenses needed for moving forward a joint offshore gas project in Colombia by mid-2026, said Orlando Velandia, head of Colombia's hydrocarbons regulator…
The board of the U.S. Export-Import Bank approved a nearly $5 billion loan for a long-delayed LNG project in Mozambique, clearing a key hurdle to restarting the project under development by French oil major TotalEnergies.The Export-Import Bank had previously agreed a $4…
Kraken Robotics, through a subsidiary, signed a definitive agreement and plan of merger to acquire 100% of the shares of 3D at Depth, Inc., a U.S.-based subsea technology and services company specializing in high resolution LiDAR imaging and measurements…
Salunda, a provider of digitized solutions for safety critical industries, has launched the Latch Hawk 2 fingerboard latch monitoring device to improve safety during pipe handling on offshore drilling rigs.Latch Hawk 2 provides a direct measurement…
Argentina's energy company YPF wants to speed up a divestiture plan that includes selling controlling stakes in offshore exploration projects in Argentina and Uruguay, reducing its presence in mature fields and later offering a gas distribution company for sale…
A new EU-funded project has brought together 14 partners across Europe to unlock the potential of harnessing tidal and river energy in the North-West Europe.The SHINES project, short fo Showcasing Hydrokinetic energy Innovations for Northwest European Energy Sovereignty…
Dutch natural gas infrastructure and transportation company Gasunie and Petrogas Transportation plan to jointly investigate how the Petrogas pipeline installed under the North Sea can be reused for the transport of green hydrogen.The research…
OMV Petrom, the largest integrated energy producer in Southeastern Europe, has closed the farm-down transaction with NewMed Energy, forming an equal partnership for the exploration of Bulgaria's Han Asparuh offshore block in Black Sea.The transaction…
Gulf Marine Services (GMS), a provider of jack-up support vessels for the global energy industry, has secured three-year contract extensions with a major National Oil Company (NOC) in the Middle East for two of its vessels.These extensions, secured at enhanced rates…
Vår Energi has started the tow out of the Jotun floating production, storage and offloading vessel (FPSO) from the Worley Rosenberg yard to the Balder field, which is on schedule for production start by the end of the second quarter of 2025…
Egypt, which has struggled with declining domestic gas production, plans to lease a German floating gas liquefaction unit, the Egyptian petroleum ministry said in a statement on Tuesday.Egypt, the most populous Arab country, has been seeking…
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