BW Energy has reported encouraging preliminary results of the Kharas-1 appraisal well, drilled in the Orange Basin, offshore Namibia.The Kharas-1 appraisal well, drilled with Odfjell Drilling-managed Deepsea Mira semi-submersible rig, has reached…
Vard Electro, a subsidiary of the Fincantieri-owned Vard Group, has signed an agreement with the German shipyard Lloyd Werft for the delivery of complete automation and power management systems to a Platform Supply Vessel (PSV) currently being converted into a research vessel…
Unique Group, a subsea technology and engineering services firm, has been awarded a multi-million-dollar contract by CCC Underwater Engineering to deliver its Launch and Recovery Systems (LARS).As part of the agreement, Unique Group will deliver…
Brazil's Petrobras has authorized studies for a logistics center in the Amazonian state of Amapa, where the state-run oil firm started exploring in a promising offshore block last week, state Governor Clecio Luis told Reuters.The company's logistics subsidiary Transpetro will do the studies…
U-Ming Marine Offshore (UMO) and Purus have teamed up to form UPO Holdings (UPO), a joint venture aimed at expanding offshore wind operations in Taiwan and the region.UPO is commissioning two state-of-the-art VARD 419 Commissioning Service Operation Vessels (CSOVs)…
Mermaid Subsea Services (UK) has completed a fast-track subsea recovery campaign in the North Sea for a major operator.The operation involved the internal and external severance of casing, conductor, guide pipe and cement lines, as well as local…
Brazil's state-run oil firm Petrobras is in negotiations with SBM Offshore over two floating production vessels to be commissioned for its Sergipe deepwater projects, Petrobras head of Exploration and Production said on Wednesday.Petrobras hopes…
Operators are being urged to boost the efficiency of production from North Sea fields by extending the life of existing oil and gas wells, according to a new report from the North Sea Transition Authority (NSTA).Interventions, industry’s term for this type of activity…
Oil company PRIO has signed an agreement with Shape Digital, a developer of AI-driven solutions, for the deployment of Shape Lighthouse, an asset management platform designed to enhance operational reliability, reduce maintenance costs, and maximize production…
Malaysia’s oil and gas services firm Velesto and ICON Engineering have signed an agreement to deliver Rig-Installed Wellhead Platforms (RIWHPs) for offshore oil and gas developments in Malaysia.The agreement brings together Velesto’s track record…
Fugro UST21 has completed offshore geotechnical site investigations for Ørsted’s 1.4 GW Incheon offshore wind project in Incheon, South Korea.The project, located approximately 70 km off the coast, is set to become the largest offshore wind…
The inauguration of a world-record subsea compression system in Norway in August 2025 marked a pioneering leap in engineering. Yet according to OneSubsea CEO Mads Hjelmeland and Project Director at Shell, Richard Crichton, its success hinged…
Portugal's Galp is in advanced talks with several oil majors to sell a 40% stake in its promising offshore Mopane field in Namibia and expects to choose a partner by the end of the year, Executive Board Member Nuno Bastos said on Tuesday.The…
Oilfield services provider Petrofac said on Friday its ongoing restructuring would leave existing shareholders with no residual value, as it moves to complete the process by November-end.Petrofac is restructuring its finances under pressure from rising costs and delayed payments…
U.S. oilfield services provider Halliburton has secured multiple contracts from Petrobras to provide completion and stimulation services for its deepwater fields offshore Brazil.The contracts entail vessel stimulation, intelligent completions…
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