Harbour Energy has agreed to acquire all the subsidiaries of Waldorf Energy Partners and Waldorf Production for $170 million, strengthening its position in the UK North Sea and adding oil-weighted production.The assets are being acquired from administration, with the purchase funded through existing liquidity.Harbour said the deal would be immediately materially accretive to its free cash flow and would enhance the competitiveness and longevity of its UK business…
Velesto has entered into a sale and purchase agreement with PT Indonesia Drilling Energy for the sale of its jack-up drilling rig, NAGA 3, for a total cash consideration of $63 million.The divestment of NAGA 3, built in 2010, is in line with the group's ongoing fleet optimization…
Shell has booked Northern Ocean’s Deepsea Mira semi-submersible rig for a drilling campaign offshore Namibia.The Odfjell Drilling-managed rig has been scheduled to start operations in Namibia in April 2026.The contract covers one firm well and includes one optional well…
DEME has secured three contracts for the installation of monopile foundations, inter-array cables, and the export cable at the BC-Wind offshore wind farm in Poland.The combined contracts are valued between $174 million and $350 million (€150 million and 300 million)…
Following receipt of North Sea Transition Authority (NSTA) consent for change of control, Serica Energy has completed the acquisition of Prax Upstream (PUL) from Prax Exploration & Production.Serica has settled the consideration of £14.5 million ($18…
Seatrium Offshore Technology, the flagship offshore jack-up designer for Seatrium Group, has secured a repeat contract from International Maritime Industries (IMI) for the supply equipment and a design license for the Kingdom 4 self-elevating drilling unit…
Orbital Marine Power Ltd, operator of the world’s most powerful tidal turbine, has secured a multi-million dollar investment to advance its international commercial projects and contribute to the wider decarbonization of energy.PXN Ventures…
The Australian unit of U.S. oil giant Chevron said on Friday that the partners of the Gorgon Joint Venture have approved the A$3 billion ($1.98 billion) Gorgon Stage 3 development off Western Australia's northwest coast.The development will…
Van Oord has completed the transport and installation of all 21 monopiles at Iberdrola’s Windanker offshore wind farm.This achievement involved the largest monopiles Van Oord has ever installed, made possible by earlier upgrades to its heavy lift installation vessel Svanen…
Shell U.K. Limited, a subsidiary of Shell and Equinor UK Limited, a subsidiary of Equinor, completed a deal to combine their UK offshore oil and gas operations to form a new company, described as the largest independent producer in the UK North Sea…
TotalEnergies EP Nigeria has signed a farmout agreement to sell to Star Deep Water Petroleum, a Chevron company, a 40% participation in the PPL 2000 and PPL 2001 exploration licenses, offshore Nigeria.Located in the prolific West Delta basin…
Ireland has awarded rights to develop a 900 megawatt (MW) offshore wind farm to a joint venture between Denmark's Orsted and Irish utility ESB, Orsted said on Wednesday.The Tonn Nua project was awarded with a 20-year contract-for-difference (CfD) secured at a strike price of 98…
Saudi Arabian oil and gas drilling contractor ADES International Holding has completed the acquisition of rival rig firm Shelf Drilling.The merger, concluded on November 2025, has created a global offshore drilling powerhouse, with the combined…
U.S.-based Venture Global and Japan’s Tokyo Gas have signed a new long-term liquefied natural gas (LNG) sales and purchase agreement (SPA).Under the SPA, Tokyo Gas will procure 1 million tonnes per annum (MTPA) of LNG from Venture Global for 20 years…
Timor-Leste’s Ministry of Petroleum and Mineral Resources and Woodside Energy have signed a cooperation agreement to advance studies for a Timor-based liquefied natural gas (LNG) development concept for the long-stalled Greater Sunrise fields…
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