OMV Petrom, the largest integrated energy producer in Southeastern Europe, has closed the farm-down transaction with NewMed Energy, forming an equal partnership for the exploration of Bulgaria's Han Asparuh offshore block in Black Sea.The transaction…
Gulf Marine Services (GMS), a provider of jack-up support vessels for the global energy industry, has secured three-year contract extensions with a major National Oil Company (NOC) in the Middle East for two of its vessels.These extensions, secured at enhanced rates…
Vår Energi has started the tow out of the Jotun floating production, storage and offloading vessel (FPSO) from the Worley Rosenberg yard to the Balder field, which is on schedule for production start by the end of the second quarter of 2025…
The ABS-classed Liza Unity has become the first FPSO in the world to receive the SUSTAIN-2 notation from ABS.The notation is the next level in the vessel sustainability program developed by ABS to help fleets meet the environmental and human…
BW Offshore has signed an agreement for the sale of the FPSO BW Pioneer for $125 million to a subsidiary of Murphy Oil Corporation, the operator of the Cascade & Chinook field.The transaction includes an initial payment of $100 million upon…
Gall Thomson said there were 21 known activations of its Marine Breakaway Couplings during 2024. The activations occurred in nine different countries around the world.On each occasion, the Marine Breakaway Coupling (MBC) operated exactly as expected…
Wavepiston, a developer of turnkey wave energy technology, shared that two professional investors have invested about $980,000 in Wavepiston via the Dutch joint venture company, The Blue Line B.V. The Blue Line is an initiative from investors Connect the Drops…
Egypt, which has struggled with declining domestic gas production, plans to lease a German floating gas liquefaction unit, the Egyptian petroleum ministry said in a statement on Tuesday.Egypt, the most populous Arab country, has been seeking…
India's largest privately owned oil and gas company Cairn India said it may invest in U.S. service and engineering companies as part of a $5 billion plan to grow output five-fold in the coming years, its chairman said on Tuesday.'I want to spend $5 billion on developing my project to get to 500…
The Japan Energy Summit & Exhibition 2025 Executive Committee convened in Tokyo under the leadership of Nobuo Tanaka, Executive Director Emeritus, International Energy Agency (IEA), to define the event’s agenda and assess the challenges shaping Japan’s energy future…
The hull for Bernhard Schulte (BS) Offshore’s new Commissioning Service Operation Vessel (CSOV) has arrived at Ulstein Verft’s shipyard, marking the start of new phase in the shipbuilding process.The vessel is designed by Ulstein Design & Solutions for ‘walk-to-work’ (W2W) operations…
The Indonesian Ministry of Energy and Mineral Resources (MEMR) has issued a directive to Conrad Asia Energy, the operator of the Mako Gas field offshore Indonesia, stating that all gas produced from the field would be sold to state-owned PT…
TMC Compressors (TMC) has secured a contract to deliver a large capacity marine compressed air system to the large floating liquefied natural gas (FLNG) unit that Wison New Energies is building for Malaysia-based Genting.TMC will deliver its scope as a subcontractor to Jereh Offshore…
TotalEnergies has signed an agreement with the German developer RWE to supply 30,000 tons a year of green hydrogen to the German Leuna refinery for 15 years, beginning in 2030.The green hydrogen will be produced by a 300 MW electrolyzer, built and operated by RWE in Lingen…
The eighth energy project in Guyana of a consortium led by U.S. major Exxon Mobil will produce up to 1.5 billion cubic feet per day (bcfd) of natural gas and 290,000 barrels per day on condensate through a floating production facility that will have capacity to export the fuel…
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