Industry News

 

MODEC and Samsung Team Up to Install Carbon Capture Tech on FPSO

Feb 27, 2025

MODEC has entered into a Front End Engineering and Design (FEED) contract with Samsung E&A for the installation of carbon capture technology on a floating, production, storage and offloading (FPSO) vessel.The offshore carbon capture project…

GEOS Scoops $21M in Vessel Contracts with ‘Tier 1 International Majors’

Feb 27, 2025

Norwegian vessel owner and operator Golden Energy Offshore Services (GEOS) has signed new vessel contracts and extended the previous ones, securing $21 million, as well as additional $21.7 million for the option period.GEOS concluded a firm…

Vår Energi Finds Oil Near Goliat Field in Barents Sea

Feb 27, 2025

Vår Energi has made an oil discovery in the operated Zagato exploration well near the Goliat field in the Barents Sea, marking a third oil discovery in a row the area.The preliminary estimated gross recoverable resources encountered in the well…

ADNOC Signs 15-Year LNG Supply Deal with Osaka Gas for Ruwais Project

Feb 27, 2025

Abu Dhabi National Oil Company (ADNOC) has signed a Sales and Purchase Agreement (SPA) with Osaka Gas, one of Japan’s largest utility companies, for the supply of up to 0.8 million tonnes per annum (mtpa) of liquefied natural gas (LNG) from its lower-carbon Ruwais LNG project…

Trump Cancels Chevron's Venezuela Oil License

Feb 27, 2025

U.S. President Donald Trump on Wednesday said he was reversing a license given to Chevron to operate in Venezuela by his predecessor Joe Biden more than two years ago, accusing President Nicolas Maduro of not making progress on electoral reforms and migrant returns…

Eni, Petronas to Set Up Joint Venture for Assets in Indonesia and Malaysia

Feb 27, 2025

Eni and Petronas have signed an exclusive memorandum of understanding (MoU) to progress detailed discussions on establishing a joint venture holding company to oversee selected upstream assets in Indonesia and Malaysia.Both companies believe…

Abu Dhabi’s TAQA Looks into Cyprus Interconnector Project

Feb 27, 2025

Cyprus's Energy Minister, George Papanastasiou, said on Thursday that Abu Dhabi's TAQA is interested in investing in and supporting the delivery of an electricity connection project the country is developing.The project is the Great Sea Interconnector…

BP Slashes Renewables, Increases Oil and Gas Investments

Feb 26, 2025

BP slashed planned investment in renewable energy and said on Wednesday it would increase annual oil and gas spending to $10 billion, in a major strategy shift aimed at boosting earnings and shareholder returns.The oil major cut planned annual…

NOC Completes Scottish Roadmap for Offshore Wind Environmental Monitoring

Feb 26, 2025

The UK’s National Oceanography Centre (NOC) has delivered a roadmap to guide the observation of ocean to increase the understanding of the potential impacts of expanding offshore wind developments on the marine environment.The Scoping an Offshore…

First Steel Cut for North Star’s Hybrid-Electric SOV for EnBW

Feb 26, 2025

North Star and its shipbuilding partner Cochin Shipyard have cut first steel on EnBW’s new hybrid-electric service operations vessel (SOV), which is on decade-long minimum charter to service the He Dreiht wind farm off the coast of Germany from the end of 2026…

Sapura Energy Nets $720M from Multiple Drilling Services Contracts

Feb 26, 2025

Malaysia-based offshore services firm Sapura Energy, through its drilling arm Sapura Drilling, has secured multiple contracts for drilling-related services with oil and gas companies, worth over $720 million.Sapura Drilling won two contracts…

Siemens Hires Pfisterer for DolWin4 and BorWin4 Grid Connection Cable Package

Feb 26, 2025

Germany-based electrical connection technology supplier Pfisterer has secured a contract from Siemens Energy to provide turnkey cable systems for the BorWin4 and DolWin4 offshore grid connections.The two platforms will enable the transmission of offshore wind energy to the German mainland…

Navantia UK Secures Subsea Structures Manufacturing Order from McDermott

Feb 26, 2025

Navantia UK, a subsidiary of Spanish shipbuilder Navantia, has secured a contract from McDermott Trinidad for the manufacture of subsea structures for a project in Trinidad and Tobago.The year-long contract will see the company deliver critical subsea components from its Arnish facility…

Apollo to Progress Design for Repurposing of Oil Platforms for Hydrogen Production

Feb 26, 2025

Engineering and energy advisory consultancy Apollo has secured Phase 2 concept definition contract from Net Zero Technology Centre (NZTC) for the Hydrogen Offshore Production (HOP2), which aims to progress the design of 500MW offshore hydrogen production facility for HOP2…

CIP Acquires 480MW Morecambe Offshore Wind Farm in UK

Feb 26, 2025

Copenhagen Infrastructure Partners (CIP), on behalf of its fund Copenhagen Infrastructure V (CI V), has signed a transaction to acquire the full ownership of Morecambe offshore wind project from COBRA Group, and Flotation Energy, owned by TEPCO Renewable Power…

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Norwegian Firms Form Subsea Di

OMV Petrom, NewMed Energy to Drill Another Exploration Well in Bulgaria’s Black Sea

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