Industry News

 

Greater Sunrise Moves to Next Phase with Timor-Leste, Woodside Deal

Nov 25, 2025

Timor-Leste’s Ministry of Petroleum and Mineral Resources and Woodside Energy have signed a cooperation agreement to advance studies for a Timor-based liquefied natural gas (LNG) development concept for the long-stalled Greater Sunrise fields…

Drydocks World Converts Tanker to FPSO Ahead of Deployment off Nigeria

Nov 25, 2025

Drydocks World has completed the full conversion and integration of the EMEM Floating production storage and offloading (FPSO) unit, delivering a key offshore asset to support production at Nigeria’s Okwok field.The FPSO, converted from double-hulled tanker…

Russia Seeks to Boost Oil Exports to China as Sanctions Tighten

Nov 25, 2025

Moscow and Beijing have been discussing ways to expand Russian oil exports to China, Russian Deputy Prime Minister Alexander Novak said on Tuesday.China and India have become the main buyers of Russian oil since the start of Russia's military campaign in Ukraine in February 2022…

Suriname Puts 60% of Offshore Acreage Up for Oil and Gas Exploration

Nov 24, 2025

Suriname’s state-run energy company Staatsolie has launched the ‘Open-Door Offering’, an initiative aimed at unlocking new oil and gas exploration opportunities in the Guiana Basin.Approximately 60% of Suriname’s offshore acreage is available…

ADNOC Outlines $150B Spending Plan as Reserves Increase

Nov 24, 2025

Abu Dhabi state oil company ADNOC plans $150 billion of investment between 2026 and 2030, it said on Monday, seeking to maintain existing operations, drive growth and meet global energy demand.During a meeting on Monday, the board of directors…

FairWind Partners with Japanese Turbine Specialist

Nov 24, 2025

FairWind has signed a strategic partnership agreement with Japanese turbine operations and maintenance specialist Wind Energy Partners (WEP).The move marks the latest phase in FairWind’s Asia Pacific growth strategy following the announcement…

Jifmar Concludes Takeover of 15 Seacontractors Workboats

Nov 24, 2025

Jifmar Group has completed the transfer of Seacontractors’ fleet of 15 workboats, finalizing a deal signed in August and strengthening its presence in the Middle East and Indian Ocean.The vessels and associated teams formally joined Jifmar on November 19…

AD Ports, Masdar Team Up for Offshore Wind Projects

Nov 24, 2025

AD Ports Group and Abu Dhabi Future Energy Company – Masdar have signed a partnership agreement to collaborate on the development and delivery of offshore wind projects.Under the agreement, the companies will identify opportunities where AD…

UK Regulator Grants Multi-Year Extension for Pilot Oil Field License

Nov 24, 2025

The UK North Sea Transition Authority (NSTA) has approved a three-year extension to the second term of License P2244, which contains the Pilot oil field, pushing the expiry date to December 2028.Orcadian Energy holds an 18.75% carried interest in the license…

EnergyPathways Files Expanded License for MESH Gas and Hydrogen Storage Scheme

Nov 24, 2025

EnergyPathways has applied for a gas storage license covering the natural gas and hydrogen storage components of its MESH energy project in the East Irish Sea, expanding the area targeted for salt cavern development nearly fourfold.The company…

Dajin to Supply Transition Pieces for Gennaker Offshore Wind Farm

Nov 24, 2025

Skyborn Renewables has signed a contract with Dajin Heavy Industry for the supply of transition pieces for Gennaker offshore wind farm in Germany.The contract follows the preferred supply agreement (PSA) the companies signed in September 2025…

COP30’s Weak Deal Unlikely to Shift Renewables - Fossil Fuel Battle

Nov 24, 2025

The weak statement that omitted any mention of fossil fuels was probably the best outcome that could have been realistically expected of the COP30 climate summit.It was always going to be a tall order to put nearly 200 countries with massively…

IKM Testing Plans Expansion after Booking $8.5M in Decom Work in 2025

Nov 24, 2025

IKM Testing UK has outlined plans to expand its workforce and service offering, after it had booked more than $8.5 million (£6.5 million) in decommissioning project sales for 2025.The offshore decommissioning and pipeline services provider will…

ABS Grants AiP to Encomara for Squid System for Floating Offshore Wind Projects

Nov 21, 2025

ABS issued an approval in principle (AIP) to Encomara for its Squid system, an approach that adapts proven disconnectable mooring technology to support floating offshore wind developments.The Squid system builds upon the established Disconnectable…

Equinor Signs 10-Year Gas Supply Deal

Nov 21, 2025

Equinor and the Capital City of Prague’s gas and electricity company Pražská plynárenská have signed a long-term agreement for ten years of gas supplies into the Czech Republic.Deliveries have started and will last until 2035, Equinor said.Equinor’s…

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