Norwegian offshore supply vessel owner DOF Group has secured a contract with Petrobras for two of its anchor handling tug supply (AHTS) vessels.The two contracts, with a combined value of more than $220 million, are for Skandi Fluminense, a 2007 Brazilian-built AHTS vessel with 211t bollard pull…
Triton, a European mid-market investment company, has completed the acquisition of MacGregor from previous owner Hiab, formerly Cargotec.The transaction between Triton and Hiab, first announced in November 2024, was closed on July 31, 2025.MacGregor…
Italian energy contractor Saipem has completed the installation of the subsea pipeline for the Irpa project, developed by Equinor in the Norwegian Sea.Offshore operations were carried out by the pipelay vessel Castorone, one of Saipem's flagship vessels…
Four jacket foundations have departed from Navantia Seanergies’ facilities in Fene, Spain, towards the 496 MW Dieppe Le Tréport offshore wind farm being built in France.Each of these 1,200-tonne structures is part of an offshore wind farm developed by Les Éoliennes en Mer…
Oxford Flow has started commercial trials of its stemless control valve with ADNOC, marking a major step forward in industrial decarbonization across one of the world’s leading energy producers.The pilot is a result of Oxford Flow’s success…
Italian offshore services provider Next Geosolutions (NextGeo) has secured two new contracts from Prysmian, worth $23.5 million, to deliver its services for Bay of Biscay interconnection project and offshore wind farm developments in the Netherlands…
Shell's second-quarter adjusted earnings, its definition of net profit, tumbled by almost a third on Thursday, dragged down by a drop in oil prices, but still easily beat analysts' forecasts.The oil major said it would maintain the pace of its share buyback programme at $3…
U.S.-based subsea services and technology firm Oceaneering has completed a major upgrade of its Ocean Intervention II oceanographic research vessel, equipping it to perform simultaneous autonomous offshore survey missions.The retrofit, carried out in early 2025 on the 25-year-old vessel…
The merger between Repsol Resources UK and NEO Energy has been completed, creating NEO NEXT Energy as one of the largest producers on the UK Continental Shelf (UKCS).The joint venture is owned by Repsol E&P Group (45%) and NEO UK (55%), with a projected 2025 production of approximately 130…
U.K.-based oil and gas firm Serica Energy has revised its production outlook for 2025, following the delays with the ramp-up to steady production from the Triton floating production, storage and offloading (FPSO) unit, which was restarted earlier in July…
Aker BP has exercised the option for the extension period under the existing contract with Saipem for the semi‑submersible drilling rig Scarabeo 8.The option, which is direct continuation of the previous one-year contract extension, prolongs the contract until December 31…
Global Energy Group (GEG) has reached an agreement on the sale of three of its group companies, including The Port of Nigg, to long term investor, Mitsui & Co. Europe (Mitsui) a subsidiary of Mitsui & Co, together with Mitsui O.S.K. Lines (MOL)…
Kongsberg Maritime has signed a development program framework agreement with Noble Corporation, marking a key step forward in the co-development of advanced marine technologies for the offshore drilling sector.The long-term strategic partnership will focus on the joint development…
Ocean Winds, a 50-50 joint venture in 2020 by EDP Renewables and ENGIE, has entered into a key agreement with Siemens Gamesa for the supply of 14 MW wind turbines and service maintenance for the BC-Wind offshore wind project in the Polish Baltic Sea…
Oil and gas firm Chrysaor, acquired by Harbour Energy in 2021, has been fined over $200,000 for exceeding its vent consent by more than half of the permitted amount and failing to identify and inform the North Sea Transition Authority (NSTA)…
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