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Financing in Place for 632MW Taiwanese Offshore Wind Farm

Jul 10, 2025

Ørsted has reached financial close on a project finance package for the 632 MW Greater Changhua 2 offshore wind farm in Taiwan, having signed agreements with 25 banks and five Export Credit Agencies (ECAs).With the signed agreements, Ørsted has raised approximately $3…

Solstad Confirms $84M Deal with Petrobras for Normand Turquesa AHTS

Jul 10, 2025

Norwegian offshore vessel owner Solstad Offshore has confirmed a contract with Petrobras for its anchor handling tug supply (AHTS) vessel Normand Turquesa.The four-year contract, which received board approval, is scheduled to begin in February 2026…

Masdar, Iberdrola to Co-Invest $6B in East Anglia THREE Offshore Wind Farm

Jul 10, 2025

Abu Dhabi Future Energy Company (Masdar) and Iberdrola have agreed to co-invest $6.08 billion in the 1.4 GW East Anglia THREE offshore wind farm in the U.K., in what’s said to be the largest offshore wind transaction of the decade.Under the agreement…

EnQuest Acquires Harbour Energy’s Vietnamese Assets

Jul 10, 2025

U.K.-based oil firm EnQuest has completed the acquisition of Harbour Energy’s business in Vietnam, which holds a 53.125% equity interest in, and operatorship of, the Chim Sáo and Dua production fields.The completion of the acquisition has confirmed EnQuest as operator of the fields in Block 12W…

Equinor Finds Gas Near Castberg Field in Barents Sea

Jul 10, 2025

Equinor and its partners have made a gas discovery in the Skred prospect, located near the Johan Castberg field in the Barents Sea, off Norway.The 7220/5-4well was drilled about 23 kilometers north of discovery well 7220/8-1 on the Johan Castberg…

UK Bags $10B Japanese Investment for Offshore Wind and Hydrogen Projects

Jul 09, 2025

The U.K. government has unlocked $10.1 billion investment into key clean energy projects, like offshore wind and hydrogen, with the signing of a new deal with the Sumitomo Corporation in Tokyo.Sumitomo Corporation aims to facilitate the investment into key U…

Staatsolie Takes Back Offshore Oil Block in Suriname as Hess Exits

Jul 09, 2025

U.S. oil producer Hess Corp has decided to withdraw from Suriname's offshore Block 59, the South American nation's state oil firm Staatsolie said on Tuesday, adding the block would now return to Staatsolie.'Hess has fulfilled its minimum work…

With 'Indication of Interest', Argeo Suspends Bankruptcy Decision

Jul 09, 2025

Argeo ASA reportedly suspended its decision to file for bankruptcy following interest from a significant industrial player in conducting a transaction with the company. The trading of Argeo’s shares on Euronext Oslo Børs remains suspended as the company evaluates this potential opportunity…

Empire Energy, Ellevo Set Up Joint Offshore Wind Lifting and Transport Unit

Jul 09, 2025

Empire Energy and Ellevo Group have launched a strategic joint venture for offshore wind lifting and transport consultancy services to meet the evolving demands of the offshore wind industry across the globe.The collaboration combines Empire’s…

Fincantieri Embarks on Research Project to Protect Subsea Cables and Pipelines

Jul 09, 2025

The Fincantieri Foundation and Luiss Guido Carli University have launched a research initiative aimed at defining regulatory frameworks and developing operational solutions to protect subsea cables and pipelines.The project, dubbed SUBCAP - SUBsea CAbles Protection…

E-CTV Aces Tryouts at Scottish Offshore Wind Farm

Jul 09, 2025

Artemis Technologies has demonstrated its latest electric crew transfer vessel (E-CTV) at Vattenfall's Aberdeen offshore wind farm, in partnership with Vattenfall, Tidal Transit, Lloyd's Register and the Offshore Renewable Energy (ORE) Catapult…

Subsea7, OneSubsea to Work on New Phase of Equinor’s Deepwater Brazilian Field

Jul 09, 2025

Subsea Integration Alliance (SIA) partners Subsea7 and SLB OneSubsea have signed a contract with Equinor for the development of a concept study for the Phase 2 of the Bacalhau project, offshore Brazil.The contract, for which the details have not been disclosed…

Woodside Finds South Korean Partners to Advance LNG Value Chain

Jul 09, 2025

Woodside Energy has signed a non-binding memorandum of understanding (MoU) with Hyundai Engineering and Hyundai Glovis, establishing a strategic framework to collaborate on liquefied natural gas (LNG) project development, engineering services and shipping logistics…

COSLInnovator Rig Cleared for Two-Well Drilling Op in North Sea

Jul 09, 2025

The Norwegian Offshore Directorate (NOD) has granted Equinor a drilling permit for two wildcat wells in the North Sea, to be conducted with COSL’s COSLInnovator semi-submersible drilling rig.The drilling permit is for wellbores 34/8-20 S and 34/8-20 A in the license 554 E…

Glamox to Light Up Hornsea 3 Offshore Wind Farm

Jul 09, 2025

Lightin specialist Glamox has won a contract to provide marine lighting for the foundation platforms of 2.9 GW Hornsea 3 offshore wind farm in the North Sea, off UK.Glamox will supply marine lighting solutions for the foundations of 197 wind turbines…

Current News

Iberdrola Picks Up $4.9B to Finance 1.4GW UK Offshore Wind Farm

Iberdrola Picks Up $4.9B to Fi

Perenco Brings Woodside’s Trinidad Oil and Gas Assets Into Its Fold

Perenco Brings Woodside’s Trin

Vallourec Brings CNOOC, Petrochina as New Clients in Iraq

Vallourec Brings CNOOC, Petroc

Germany’s SEFE Inks Three-Year LNG Supply Deal with ADNOC

Germany’s SEFE Inks Three-Year

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