Thermoplastic composite pipe (TCP) manufacturer Strohm has secured a contract to supply insulated production jumpers for an offshore field extension project in Malaysia.The scope includes two carbon fibre PA12 thermoplastic composite pipe production jumpers with a 7-inch internal diameter…
Serica Energy has completed the acquisition of a 40% operated interest in the Greater Laggan Area and associated infrastructure from TotalEnergies, strengthening its position in the West of Shetland basin.The deal, first announced in September 2025…
Britain's Serica Energy reported a 50% fall in annual pretax profit on Thursday, hurt by lower production due to outages at the Triton floating production storage and offloading vessel and higher operating costs.Serica is moving to offset operational…
The Iran war is upending the global LNG outlook as soaring prices, damage to major supplier Qatar's export infrastructure and potential delays to new supply raise doubts about previously expected demand from price-sensitive Asian buyers.Before the war…
Oil producer Capricorn Energy swung to an annual pre-tax loss on Thursday, after it took a $10.6 million impairment charge for its Egyptian joint venture.The Egypt-focused firm took the charge after an assessment of its Alam El Shawish West JV with Cheiron Oil & Gas showed reduced future production…
GeoForce Technical Services, part of Oceanscan and Venterra Group, has been selected by Reach Subsea to deliver geotechnical survey work for the Shetland HVDC Link 2 project, a subsea power connection aimed at strengthening Britain’s electricity transmission network…
ClassNK has granted Approval in Principle (AiP) for the design of a liquefied CO2 carrier intended to support a floating offshore carbon capture and storage (CCS) injection facility.The vessel is designed to serve a Socket SPAR unit, a floating…
Mark Offshore has agreed with Klaipėda University to operate the research vessel Mintis, expanding its fleet and strengthening its position in offshore renewables and subsea support services.Under the agreement, the Lithuanian university has…
Saudi Arabian oil and gas drilling contractor ADES International Holding has reported it expects 44% rise in its core earnings in 2026, despite having several of its offshore rigs in the Gulf region temporarily suspended due to ongoing regional tensions…
ScottishPower, through its parent company Iberdrola, has secured $800 million (£600 million) in financing from the UK’s National Wealth Fund to support the development of the Eastern Green Link 4 (EGL4) subsea power project.EGL4 is a planned…
DOF Group has been awarded a contract by Norway’s transmission system operator Statnett for the replacement of high-voltage subsea power cables in Ofotfjorden, northern Norway.The contract, classified by DOF as substantial with a value between $25 million and $50 million…
Brazil's Petrobras will discuss a possible partnership with Mexico's Pemex during a visit to Mexico next month, Mexican President Claudia Sheinbaum said on Tuesday, after her Brazilian counterpart proposed joint projects in the Gulf of Mexico for the two state-run oil companies…
North Sea-focussed oil producer EnQuest maintained its 2026 production outlook on Wednesday, banking on investments in Britain and South East Asia, after Britain's windfall levies hit last year's post-tax profit.Like its rivals, EnQuestcontinues to face challenges from the UK's Energy Profits Levy…
The International Marine Contractors Association (IMCA) has welcomed DEME Offshore Energy Managing Director Hugo Bouvy as its new President.He succeeded Saipem’s Luca Gentili at the end of his two-year term at a meeting of IMCA’s Board on 18 March…
At least three Danish institutional investors support a shareholder resolution urging Nordea, the Nordic region's biggest bank, to stop financing companies expanding Arctic oil and gas production due to environmental risks.Pension funds Akademiker…
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