FlatFish, Saipem’s underwater inspection drone, has successfully completed a key phase under the contract awarded by Petrobras in 2023 for the development and testing of an autonomous robotic solution. These were Functional Acceptance Tests…
SLB has announced that its OneSubsea™ joint venture has been awarded a multi-well, integrated engineering, production, and construction (EPC) contract by China National Offshore Oil Corporation (CNOOC).The contract encompasses 20 wells and covers…
Petrobras will exercise its right to purchase Malaysian company Petronas' 50% stake in two offshore fields in Brazil for $450 million, according to a securities filing.Following the deal, Petrobras will hold 100% of the Tartaruga Verde field and Module III of the Espadarte field…
Seadrill has announced that Sonadrill Holding, its 50:50 joint venture with an affiliate of Sonangol E.P., has been awarded a contract extension.A seven-well priced option for the ultra-deepwater drillship Sonangol Quenguela has been exercised…
RWE has completed the sale of its F.E.W. Baltic II offshore wind development project in the Polish Baltic Sea to Polish utility PGE.Following the transaction, PGE has become the sole owner of the project, which has a planned generation capacity…
The economic risks of the world’s heavy dependence on oil and gas have been laid bare twice in four years - first with Russia’s invasion of Ukraine and now with the U.S.-Israeli war on Iran - undermining U.S. President Donald Trump’s flagship push to double down on fossil fuels…
VAALCO Energy has completed drilling the ET-14P exploration well at the Etame field offshore Gabon as part of its Phase Three drilling program and plans to sidetrack the well to drill a development target.The ET-14P well encountered 10 meters…
Hydromea, together with Equinor, has announced the world’s first demonstration of real-time, high-bandwidth wireless data transmission from the ocean floor directly to the cloud. This milestone marks an advancement in subsea asset monitoring and the digitalization of the offshore energy sector…
Altech Corporation has introduced a line of pluggable terminal blocks that enable simple and fast installations, field wiring and equipment test setups.These compact, pluggable terminal blocks combine accurate, secure wire connections with simplicity and time savings…
Deep Value Driller has agreed to sell its seventh-generation drillship Deep Value Driller to Eldorado Drilling for $300 million in cash, scrapping an earlier agreement to sell the vessel to Saipem for $272.5 million.The Oslo-listed company has…
Tronics, a TDK group company, has expanded its high-performance MEMS inertial sensor portfolio with the launch of the AXO315®T1, a high-temperature digital accelerometer designed for energy sector drilling applications. The AXO315®T1 MEMS accelerometer…
The Bureau of Ocean Energy Management announced proposed revisions to its regulations governing hard mineral resources on the U.S. Outer Continental Shelf aiming to advance exploration and development of critical minerals essential to national security…
Shell has launched a multi-well offshore drilling campaign in Egypt’s Mediterranean waters using Stena Drilling’s Stena IceMax drillship, marking the start of a new development phase at the West Mena gas field.Egypt’s Minister of Petroleum and Mineral Resources…
Trendsetter Vulcan Offshore (TVO) added Jeff Bockmiller and Mike Tricarico to its project management staff.Bockmiller has spent more than a decade in project management and has 17+ years of experience in the energy industry. Before joining TVO…
Borr Drilling has reported a drop in revenue in its unaudited results for the three months and year ended December 31, 2025.Highlights include:•Fourth quarter total operating revenues of $259.4 million, a decrease of $17.7 million or 6% compared…
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