Brazilian state-run oil company Petrobras has approved the final investment decision (FID) for Module 2 of its Sergipe Deep Waters (SEAP II) project in the Sergipe-Alagoas Basin, a move that will expand the availability of domestic natural gas and open a new production frontier in the country’s northeast.The project targets high-quality light oil reservoirs ranging from 38 to 41 degrees API, located approximately 80 kilometers off the coast…
Trelleborg Group, through its business area Trelleborg Sealing Solutions, has signed an agreement and finalized the acquisition of the Austrian company Nexus Elastomer Molds GmbH. The company provides advanced, customized tooling solutions and automated manufacturing cells…
PacWave, administered by Oregon State University, has signed a power purchase agreement with the Bonneville Power Administration (BPA), paving the way for wave-generated electricity to be supplied to the U.S. grid for the first time.The agreement marks a major step for CalWave…
Greece agreed on Friday to import 700 million cubic metres of U.S. liquefied natural gas per year starting in 2030 in its first long-term deal with Washington, which seeks to replace Russian supplies to Europe.The 20-year deal aims to boost U…
Emerson, an industrial technology leader delivering automation solutions, has launched the world’s first native WirelessHART non-contacting radar level transmitter. The Rosemount 3408 Wireless Level Transmitter – Non-Contacting Radar reduces the complexity…
Egypt and Cyprus have signed a series of agreements to transfer natural gas from Cyprus’ Cronos offshore field to Egypt, marking a significant step toward linking Cypriot gas resources to Egypt’s infrastructure and boosting energy cooperation in the Eastern Mediterranean…
Denso, a corrosion prevention and sealing technologies specialist, has introduced the SeaShield Series 2000HD, a corrosion protection system designed for piles and pipes in coastal and offshore environments.The system combines petrolatum tape…
Carnarvon Energy has completed a major seismic reprocessing project across the Bedout Sub-basin, offshore Australia, in collaboration with its joint venture partners, delivering one of the most advanced seismic datasets in the region to date…
Zamil 80, the first of three new 60-meter Fast Support Intervention Vessels (FSIVs) designed by Incat Crowther for offshore marine services provider Zamil Offshore, has passed sea trials and will soon enter service.The new vessel exceeded expectations…
Norwegian oil and gas operator DNO has completed the acquisition of Sval Energi Group from HitecVision, picking up 16 producing fields in Norway and quadrupling its North Sea production to 80,000 barrels of oil equivalent per day (boepd).DNO…
Offshore engineering solutions provider Aquaterra Energy has secured two major contracts to support the Northern Endurance Partnership (NEP), the CO2 transportation and storage provider for the East Coast Cluster.The project, which will initially…
U.K.-based Pharos Energy, an independent energy company with assets in Vietnam and Egypt, has secured two-year extension of the exploration period for two blocks located in moderate to deep waters offshore Vietnam.The approval has been received…
Finland's Steerprop expanded its range of retractable thrusters with its biggest unit to date. Designed for offshore vessels and workboats that need high-performance station-keeping or thrust boost capabilities, the SP 45 R will be introduced on several offshore…
Vard has secured a new contract with Taiwanese-based Dong Fang Offshore (DFO) for the design and construction of one Commissioning Service Operation Vessel (CSOV), a sister vessel to the two CSOVs ordered in May 2024.After sealing the contract for two CSOVs in May 2024…
TM Edison, a consortium of Belgian marine construction companies DEME and Jan De Nul, has installed the first two of a total 23 caissons in the Belgian North Sea, marking the start of construction for the Princess Elisabeth Island, the ‘world’s first’ artificial energy island…
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