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BP Starts Up Cypre Gas Project Off Trinidad and Tobago

Apr 03, 2025

BP Trinidad and Tobago has started production from its Cypre gas project, off the southeast coast of Trinidad within the East Mayaro Block.Cypre is one of BP’s 10 major projects expected to start up worldwide between 2025 and 2027, announced as part of its reset strategy to grow the upstream…

Saipem Nets $720M for Offshore Work in Middle East and Guyana

Apr 02, 2025

Italian offshore energy services firm Saipem has secured new offshore contracts in Middle East and Guyana, worth approximately $720 million.The first contract encompasses the engineering, procurement, construction and installation (EPCI) activities…

CNOOC Sees 11% Profit Growth in 2024 Driven by Record Oil Production

Mar 27, 2025

China National Offshore Oil Company (CNOOC) has posted an 11.4% net profit growth in 2024, marking a record year of oil and gas production, which has been increased by 7% compared to a year earlier.In 2024, CNOOC recorded a net oil and gas production of 726…

Shell Selects McDermott for Engineering and Procurement Services

Mar 26, 2025

McDermott has been selected by Shell Global Solutions International for an Enterprise Framework Agreement (EFA) for engineering and procurement services and integrated project management team services (IPMT).The EFA has a duration of three years with two one-year optional extensions…

Equinor Scales Down Climate Ambitions

Mar 20, 2025

Norway's Equinor on Thursday weakened its energy transition plan as it struggles to deliver on pledges to invest more in renewable energy and low-carbon technologies, citing practical difficulties and a shift in political priorities.The oil…

Golar LNG Brings In Chinese Investors for FLNG Gimi Refinancing

Mar 21, 2025

Golar LNG has entered into finance lease agreements with a consortium of Chinese leasing companies for the refinancing of the existing debt facility for its floating liquefied natural gas (FLNG) unit Gimi.The sale leaseback facility will be approximately $1…

GMS Nets Another Jack-Up Vessel Contract in Middle East

Mar 19, 2025

Gulf Marine Services (GMS), a provider of jack-up support vessels for the global energy industry, has secured a new contract for an additional vessel in the Middle East.The contract, awarded by a major regional client whose name was not disclosed…

The Switch Nets Vard Electro’s Order to Electrify Five W2W Vessels

Mar 17, 2025

The Switch, a provider of power electronics for the marine industry, has signed a multi-million-dollar contract with Vard Electro to deliver equipment for five diesel-electric hybrid walk-to-work vessels.The Switch will supply its DC-Hub technology to multiple vessels on order at Vard Electro…

Gulf Marine Services Nets Two Jack-Up Contracts Extension

Mar 13, 2025

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…

Brava Energia, Shell Agree Oil Sale from Atlanta Field

Mar 14, 2025

Brazilian oil and gas firm Brava Energia has signed a contract with Shell Western Supply and Trading, Shell’s subsidiary, for the sale of oil from the Atlanta field, offshore Brazil.Brava Energia said the contract provides for flexible conditions…

Fugro Nets Another Offshore Wind Job in Australia

Mar 10, 2025

Dutch geological data specialist Fugro has secured the contract for offshore soil investigation services for the proposed Blue Mackerel offshore wind farm in Australia.Fugro will execute offshore geotechnical investigations to support the Blue Mackerel project being developed by Parkwind…

DNO to Acquire Sval Energi in $1.6B Deal to Boost North Sea Assets

Mar 07, 2025

Norwegian oil and gas operator DNO has reached agreement to acquire Sval Energi from HitecVision for a cash consideration of $450 million, based on an enterprise value of $1.6 billion.The Sval Energi assets are complementary to DNO’s North Sea portfolio…

Woodside’s FID for Louisiana LNG Plant Up for Potential Delay

Mar 11, 2025

Australia's Woodside may push a final investment decision on its Louisiana liquefied natural gas (LNG) plant into the second quarter of 2025 as talks to sell half of the project drag on, CEO Meg O'Neill told Reuters on Monday.Woodside wants to sell as much as 50% of the project…

Aramco Reports Over 12% Profit Fall in 2024

Mar 04, 2025

Saudi oil giant Aramco said on Tuesday it expects to declare total dividends of $85.4 billion in 2025, nearly 30% less than last year, after reporting a drop in profits as a result of lower sales and higher costs.For the first quarter of 2025…

Akastor Sells Skandi Peregrino AHTS Vessel for $25M

Mar 04, 2025

Akastor, through its fully-owned subsidiary DDW Offshore, has entered into a binding agreement to sell Skandi Peregrino anchor handling tug supply (AHTS) vessel.Skandi Peregrino AHTS has been sold for the purchase price of $25 million to an unnamed buyer…

Current News

Equinor’s Activity in Norway Major Driver of Supplier Services Across Country

Equinor’s Activity in Norway M

Subsea7 to Transport and Install Shell’s Sparta FPS off US

Subsea7 to Transport and Insta

GHD Gets FEED Contract for 2GW Caledonia Offshore Wind Farm

GHD Gets FEED Contract for 2GW

Vietnam to Open Bidding Round for Three Offshore Oil Blocks

Vietnam to Open Bidding Round

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