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Prio Aims to Double Oil Output in 2026

Jun 23, 2025

Brazilian oil company Prio expects to double its daily output next year when compared with 2024 levels, driven by the development of some key offshore fields, CEO Roberto Monteiro said on Monday.Prio forecasts production to exceed 200,000 barrels per day (bpd) next year…

ABS: Floating CO₂ Injection Facilities Report

Jun 23, 2025

As offshore carbon capture and storage (CCS) gains momentum, floating CO₂ injection facilities are emerging as a key solution for large-scale operations. ABS’ latest publication, Floating CO₂ Injection Facilities, dives into the technologies…

Iran’s Top Security Body to Weigh In on Strait of Hormuz Closure

Jun 23, 2025

Iran's Supreme National Security Council must make the final decision on whether to close the Strait of Hormuz following U.S. bombing raids, Iran's Press TV said on Sunday, after parliament was reported to have backed the measure.Iran has long used the threat of closing the Strait…

Gimi FLNG Enters Commercial Ops at BP’s GTA Project off Western Africa

Jun 23, 2025

Golar LNG’s floating liquefied natural gas (FLNG) unit Gimi has reached the Commercial Operations Date (COD) for its 20-year lease and operate agreement for the BP-operated Greater Tortue Ahmeyim (GTA) project offshore Mauritania and Senegal…

Aibel to Provide Maintenance Services for Two Vår Energi’s Oil and Gas Fields

Jun 23, 2025

Aibel and Vår Energi have signed a framework agreement for maintenance and modifications (M&M) for the Goliat and Gjøa fields on the Norwegian continental shelf.The contract has a duration of five years plus options, and its value is estimated to be around $119 million (NOK 1…

MDL Assists Saipem to Deliver Offshore Campaigns in West Africa

Jun 23, 2025

Maritime Developments (MDL) has supported Saipem’s work in West Africa by providing specialist equipment and operational support for two recent flex-lay campaigns offshore Ivory Coast, Senegal and Mauritania.The two scopes awarded to MDL entailed…

Woodside and Jera Agree LNG Cargoes Supply for Japan’s Winter Period

Jun 23, 2025

Woodside Energy Trading Singapore and JERA have entered into a nonbinding heads of agreement (HOA) for the sale and purchase of LNG cargoes during Japan’s peak winter period.The agreement strengthens Woodside’s long-standing relationship with JERA and further supports Japan’s energy security…

Strategic Marine Delivers Fourth Fast Crew Boat to Thai Firm

Jun 23, 2025

Strategic Marine has delivered TMS Tah Muang fast crew boat to Truth Maritime Services (TMS), a subsidiary of the Prima Marine Group.The latest 42-metre Generation 4 Fast Crew Boat (FCB) marks the fourth high-performance vessel delivered by Strategic Marine to TMS since 2024…

Eni Sells Plenitude Share to Ares for $2.3B

Jun 23, 2025

Italian energy group Eni has sold a 20% stake in its retail and renewables business Plenitude to U.S. alternative investment manager Ares Management Corp for about 2 billion euros ($2.3 billion), it said on Monday.The transaction is part of…

Fugro Secures Offshore Wind Site Survey in German North Sea

Jun 23, 2025

Fugro has secured contracts to conduct both geophysical and geotechnical site investigations for the development of two large-scale offshore wind farms in the German North Sea.The project, known as Windbostel Ost and Windbostel West, is a joint venture between RWE and TotalEnergies…

Jotun FPSO Starts Production at Balder Field in North Sea

Jun 23, 2025

Vår Energi and Kistos Energy Norway have started production through Jotun floating production, storage and offloading (FPSO) unit at the Balder field in the North Sea.The production from Jotun FPSO marks the extension the life of the first production license…

Equinor Gets Permit to Drill North Sea Wildcat Well

Jun 23, 2025

The Norwegian Offshore Directorate has granted Equinor a drilling permit for wildcat well in the North Sea.The drilling permit is for a wellbore 15/8-3 S in production licence 1137, operated by Equinor with 50% working interest, with partner Orlen Upstream Norway holding the remaining 50%…

ESAB Fast-Tracks Welding Efficiency, Effectiveness

Jun 22, 2025

As the shipyards struggle to effectively recruit and retain new welders to replace the aging workforce, attention increasingly turns to key system suppliers like ESAB, a global welding and cutting equipment. A host of continuous improvement…

Seequent Receives Award at Global Offshore Wind 2025, Hosts Upcoming Webinar

Jun 20, 2025

Seequent, a leader in earth-modeling, analysis, data management, and collaboration software, received the Sust2ainable Exhibitor Award from RenewableUK at the Global Offshore Wind 2025 event. At the event, Seequent demonstrated how its 3D ground…

Libya Blocks Greek Tender for Hydrocarbon Exploration Off Crete

Jun 20, 2025

Libya's internationally recognised government of national unity has objected to Greece's approval of an international tender for hydrocarbon exploration off the island of Crete, saying some of the blocks infringe upon its own maritime zones…

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

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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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