Navantia UK, a subsidiary of Spanish shipbuilder Navantia, has completed the acquisition of Harland & Wolff’s facilities in Belfast, Appledore, Methil and Arnish.Under Navantia UK’s management, all four facilities will benefit from extensive expertise in shipbuilding…
Norwegian vessel management and operations services provider Aurora Offshore, pat of Borealis Group, has welcomed the first of three high-end subsea vessels to the fleet as part of vessels transfer agreed with Sea1 Offshore.The transferred ship…
Ocean services provider DeepOcean has secured a subsea survey contract on the Bałtyk 2 and 3 offshore wind developments in Poland which are jointly developed by Equinor and Polenergia.Under the contract, DeepOcean will conduct geophysical seabed…
Norwegian seismic specialist TGS has secured another offshore wind site characterization contract on the U.K. continental shelf, the second since the beginning of 2025.The contract has a total duration of approximately 30 days and the Ramform…
TotalEnergies has awarded a contract to Stena Drilling for its Stena DrillMax drillship, which will be deployed for work offshore Suriname.As part of the contract, Stena DrillMax will perform managed pressure drilling of one exploration well in Suriname with TotalEnergies EP Suriname…
Brazilian state-run oil and gas major Petrobras has informed that its proven reserves of oil, condensate and natural gas rose to 11.4 billion barrels of oil equivalent (boe) in 2024, compared to 10.9 billion boe reported in 2023.Oil and condensate…
Shell on Thursday reported a fourth-quarter profit of $3.66 billion, missing estimates, on lower refining margins and lower liquefied natural gas (LNG) trading, while saying it would buy back shares worth $3.5 billion.The oil major also announced a 4% increase in its dividend…
Dealmaking in the U.S. upstream oil and gas industry hit $105 billion in 2024, the third highest annual total ever, but activity slowed in the second half as buyers found fewer targets to acquire, consultancy Enverus said on Wednesday.Last year's…
The Japanese government on Wednesday announced a revision of its rules for offshore wind power auctions as the sector globally grapples with delays and soaring expenses driven by tight supply chains and inflation.After a number of consultations…
Digital twin software provider Aize has secured a new agreement to act as a global partner for asset visualization for BP.Building on successful technical and operational delivery in the North Sea, Caspian Sea, and West Africa, the four-year…
Vattenfall has signed a power purchase agreement (PPA) with the chemicals group LyondellBasell (LYB) to provide it with fossil free electricity from the Nordlicht 1 offshore wind farm off the German coast.The agreement includes the supply of…
British finance minister Rachel Reeves said on Wednesday the government will remove barriers to delivering 16 gigawatts of offshore wind.'I can announce that we are removing barriers to deliver 16 gigawatts of offshore wind by designating new…
Malaysia's Petronas will decommission the Sabah-Sarawak gas pipeline, the state energy firm said on Tuesday in its activity outlook report.The 500 km natural gas pipeline in Malaysia connects Kimanis in Sabah to Bintulu in Sarawak and has been operational since early 2014…
Trinidad and Tobago on Tuesday offered 26 offshore oil and gas blocks in its largest-ever auction of areas for deepwater exploration and production, according to an official notice.The twin-island Caribbean country, Latin America's largest exporter of liquefied natural gas (LNG)…
Reelwell, with Odfjell Technology as strategic partner, has secured a multi-year contract with Vår Energi for the provision of its DualLink-powered digital drill pipe technology.As part of the agreement, Reelwell’s DualLink technology will be…