Brazilian state-run oil firm Petrobras has signed two Protocols of Intent to carry out studies on the reuse of oil and gas production platforms that are in the demobilization stage.The first Protocols of Intent agreement was signed by Petrobras…
U.K.-based oil firm Serica Energy has suspended the production at Triton floating production storage and offloading (FPSO) unit in the North Sea, following the damage caused by the Storm Éowyn in January 2025.According to Serica Energy, during the storm on January 24…
UAE-based shallow water drilling contractor Shelf Drilling has formed a strategic alliance with Arabian Drilling, the largest onshore and offshore drilling company in Saudi Arabia by fleet size, to work together on international rig deployment…
CorPower Ocean was selected as a winner of the European Innovation Council (EIC) Accelerator program and has been awarded €2.5 million in grant and a pre-commitment of €15 million in equity investment, totaling €17.5 million, to accelerate the commercialization of its wave energy tech…
First Marine Solutions (FMS) confirmed the acquisition of Aberdeen-based Andrews Hydrographics Ltd (Andrews Survey) for an undisclosed sum. Set to double the FMS headcount to 130 and result in a combined annual turnover of approximately £40million…
Belgium's transmission operator (TSO) Elia has temporarily postponed the signing of high-voltage direct current (HVDC) contracts for ‘the world’s first’ artificial energy island, due to the price increase for HVDC infrastructure, causing a three…
Italian energy major Eni has signed an agreement with Egypt and Cyprus for the development and export of Cyprus Block 6 gas through Egypt’s existing infrastructure.The agreement outlines a comprehensive framework enabling a rapid development of the Cronos gas discovery offshore Cyprus…
SBM Offshore and Petrobras have signed an agreement to study the application of carbon capture modules on floating production, storage, and offloading (FPSO) units.The module design is based on an engineering and design study between SBM Offshore and Mitsubishi Heavy Industries (MHI)…
Kongsberg Maritime has secured a contract to supply an integrated package of equipment for Bibby Marine’s new electric Commissioning Service Operation Vessel (eCSOV), the world’s first fully-electric offshore vessel.Kongsberg Maritime will provide…
The Cypriot government has approved the updated plan for the Aphrodite gas field, filed by Chevron-led consortium, which will see the construction of a floating production unit (FPU) and a pipeline for exporting gas to Egypt.Following Cypriot government’s approval of the plan…
Equinor and Polenergia have signed a contract with Van Oord for the seabed protection work at the Baltyk 2 and Baltyk 3 offshore wind farms in Poland.The seabed protection in the form of stone surcharges will be conducted by Van Oord. The contract is valued around $100 million…
U.S. President Donald Trump's administration said on Friday it has granted a liquefied natural gas export license to the Commonwealth LNG project in Louisiana, the first approval of LNG exports after former President Joe Biden paused them early last year…
The floating production, storage, and offloading (FPSO) unit Almirante Tamandaré, built by SBM Offshore, has started production at Petrobras’ Búzios field, offshore Brazil.This is the first high-capacity unit to be installed in the field, with the potential to produce up to 225…
Petrobras has made an oil discovery at the Búzios field, reaffirming the pre-salt potential of the field located in the Santos Basin, offshore Brazil.Petrobras confirmed the presence of oil with the drilling of well 9-BUZ-99D-RJS, located in the western region of the Búzios field…
BP has started production from the second development phase of the Raven field offshore Egypt, the global oil company said on Sunday.BP said in a statement that the new wells are set to produce approximately 220 billion cubic feet of gas and 7 million barrels of condensate…
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