Turkey is looking to extend its liquefied natural gas (LNG) agreement with Algeria ahead of its expiry in September 2027, Energy Minister Alparslan Bayraktar said, adding that some of the gas could potentially be transported to southeastern Europe…
Ocean Power Technologies (OPT) has demonstrated autonomous docking, charging and redeployment capabilities for its WAM-V autonomous surface vehicle as part of efforts to support longer-duration offshore operations.The company said the system enables the maritime drone to approach a dock…
Italy’s Eni and UK’s BP have made a new natural gas discovery in the Nile Delta region, expected to produce around 50 million cubic feet of gas per day, by drilling an offshore well using advanced directional drilling technologies from onshore…
Europe's offshore wind expansion is running into a structural supply constraint where the turbine market is becoming increasingly concentrated. GE Vernova, Siemens Gamesa and Vestas have historically anchored Western offshore turbine supply…
SPIE Global Services Energy, via its SPIE Wind Connect unit, has secured a contract by Seaway7 to provide high-voltage cable termination and testing services for the Baltyk II and Baltyk III offshore wind farms in Poland.The contract covers…
Danish wind turbine maker Vestas reported an unexpectedly large first-quarter profit rise on Wednesday as it ramped up production for the offshore sector, but warned of geopolitical and tariff-related risks.'Last year in Q1 we hadn't put a single one of our new offshore turbines up…
ADNOC Drilling has completed its acquisition of an 80% stake in MB Petroleum Services (MBPS), forming a joint venture that expands its presence across Gulf markets and increases its total fleet to 170 rigs.The transaction, completed ahead of schedule…
Petrobras has confirmed that Brazil’s oil regulator approved production individualization agreements for the Sururu and Berbigão shared reservoirs in the Santos Basin, with the agreements taking effect on May 1.Petrobras was notified by the National Agency of Petroleum…
Norway’s Ministry of Energy has launched the APA 2026 licensing round, expanding available exploration acreage on the Norwegian continental shelf by 70 blocks across the North Sea, Norwegian Sea and Barents Sea.The Awards in Predefined Areas…
California energy officials on Monday opened an investigation into the Trump administration's agreement with an offshore wind company to cancel a planned project off the state's central coast.The state said it was seeking information about the…
The changing global bottom-fixed offshore wind turbine and foundation installation marketThe last two or three years have seen a change in the underlying stakeholder support for the energy transition, resulting in the energy trilemma being focused…
The American Petroleum Institute (API) and the National Ocean Industries Association (NOIA) released a new report, Unlocking the New South-Central Gulf of America for Energy Development: Potential Economic Impacts and Opportunities, highlighting the opportunity to strengthen U…
Norwind Offshore has doubled its fleet through the acquisition of six commissioning service operation (CSOV) vessels from Edda Wind.The transaction was completed in partnership with Navigare Capital Partners, the company said.The vessels have…
BW Offshore has signed a front-end engineering and design (FEED) agreement with Equinor for the Bay du Nord development offshore Newfoundland and Labrador, Canada.The agreement follows BW Offshore’s selection as preferred bidder for the floating…
Wage talks between Norwegian oil firms and labour unions broke down on Wednesday and will switch to state-led mediation in a bid to prevent strike action by workers, industry group Offshore Norge said.If Norway's government-appointed mediator…
Subscribe
