U.K.-based oil and gas firm Serica Energy has decreased its annual production forecast following the temporary suspension of operations at Triton floating production, storage and offloading (FPSO) unit due to technical issues.Serica Energy informed that he production from the Triton FPSO…
Robosys Automation, a leader in maritime autonomy, vessel control systems, and smart shipping solutions, has announced that it has secured a new contract to retrofit a 26-meter Damen 2610 Fast Crew Supplier (FCS) Twin Axe High Speed Support Vessel (HSSV)…
ACUA Ocean has secured a European Space Agency (ESA) contract, supported by the UK Space Agency, to further advance its ‘nested robotic’ system for subsea inspection.The project will accelerate ACUA0’s development of Pioneer-class autonomous…
Danish offshore wind developer Orsted said on Monday it raised 59.56 billion Danish crowns ($9.35 billion) in a heavily discounted share issue, shoring up finances as Trump administration opposition has caused uncertainty for its U.S. projects…
The International Energy Agency on Tuesday cut its global forecast for renewable power growth by 2030 by 248 gigawatts from last year's outlook, citing weaker prospects in the United States and China, even as solar power continues to drive record additions…
Fred. Olsen 1848 has unveiled the Tension Buoy, an adaptive mooring technology designed to overcome one of the main challenges of deploying floating solar on water bodies with large water level variations.Pairing floating solar with hydropower…
Offshore drilling contractor Dolphin Drilling has signed a contract with Repsol for its Borgland Dolphin semi-submersible drilling rig, valued approximately $60 million.The contract follows the letter of intent the companies signed in September 2025…
Norway-based subsea well intervention and installation services company AKOFS Offshore has signed a firm contract with Petrobras, for its subsea equipment support vessel AKOFS Santos, which will continue to operate offshore Brazil.Following a competitive tender process…
Norwegian oil and gas company Vår Energi has achieved increase in both production as well as recoverable volumes from the Gjøa field, following the start-up of the Gjøa low pressure project.The project has modified the compressor systems on the Gjøa platform…
Portugal’s Galp has reached a farm-in agreement with KE STP Company, a Shell affiliate, for the acquisition of a 27.5% stake in São Tomé and Príncipe’s Block 4, forming a joint venture with Shell, Petrobras and ANP-STP.With the agreement, Galp expands its presence offshore São Tomé and Príncipe…
Shell expects a $600 million hit in the third quarter from abandoning its biofuels project in Rotterdam, it said on Tuesday while flagging higher liquefied natural gas production and better gas trading results.Shell had approved development of the 820…
Danish offshore wind developer Orsted maintains a plan to complete its offshore Sunrise Wind project in the United States in the second half of 2027, the company's CEO Rasmus Errboe told reporters on Tuesday.Orsted has meanwhile fully resumed work on the 80% complete U…
OPEC+'s continued oil output increases are eroding the group's spare production capacity, a vital cushion that has helped to mitigate volatility in recent years. Energy traders may therefore face rockier days ahead.The prevailing belief in oil…
Europa Oil & Gas has received a one-year extension from the Minister of Hydrocarbons and Mining Development for Equatorial Guinea for the initial two-year period of the EG-08 production sharing contract (PSC), with the plans for drilling of the Barracuda prospect set for 2026…
TotalEnergies has appointed Nicola Mavilla as Senior Vice President Exploration.Effective November 1, 2025, Nicola Mavilla is replacing Kevin McLachlan, who held this position since 2015.Mavilla has 25 years of experience in the oil and gas…
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