Offshore drilling contractor Shelf Drilling has secured work for two of its jack-up drilling rigs in U.K. and Egypt, under new contracts and extensions worth collectively around $35 million.Shelf Drilling has signed a one-year extension for…
U.S.-based low-carbon marine power, data, and service solutions provider Ocean Power Technologies (OPT) has signed a new reseller agreement with a Latin America-based partner focused on supporting the Mexican offshore and maritime markets.The…
BG International limited, an affiliate of Shell, has made a final investment decision (FID) to develop the Mina West gas discovery in Egypt’s Mediterranean Sea.Shell (60%) will operate the field alongside partner, Kufpec (Egypt) Limited (KUFPEC) (40%)…
Huisman has signed a contract with Dong Fang Offshore (DFO) for the delivery of a modular cable lay system, specifically designed for deployment across range of vessels.Huisman’s 30mt cable lay system will be suitable for deployment for DFO’s…
Dutch offshore installation firm Van Oord has ordered two next-generation subsea rock installation vessels, which will built by Yantai CIMC Raffles Offshore in China.Capable of operating on methanol and with a focus on innovation and automation…
Top oilfield services firm SLB narrowly beat Wall Street expectations for second-quarter profit on Friday, as resilient demand in parts of its international business helped offset drilling slowdown in North America, Mexico and Saudi Arabia.SLB…
Worley has secured a front-end engineering and design (FEED) contract for onshore substation for the 560 MW GreenVolt floating wind farm offshore Scotland, being developed by Flotation Energy and Vårgrønn, a joint venture firm created by Plenitude (Eni) and HitecVision…
ABS and the Floating Offshore Wind Power Technology Research Association (FLOWRA) of Japan signed a memorandum of understanding to collaborate and explore new technologies to support the floating offshore wind industry.FLOWRA is a technical…
Equinor's long-term positive safety trend is reinforced through the second quarter of 2025, as the total number of serious incidents and personal injuries per million hours worked is at the lowest level the company has ever experienced at the end of the second quarter…
Oil and gas firm OMV has drilled a dry wildcat well in the Hoffmann prospect in the Norwegian Sea.The wildcat well 6606/4-1 S was drilled in production license 1194, which was awarded in 2023 (Awards in pre-defined areas 2022).OMV is the operator of the license with 40% working interest…
China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has made a ‘major breakthrough’ in the exploration of metamorphic buried hills in the deep plays in the South China Sea for the first time, as it makes an oil and gas find in Beibu Gulf…
Iberdrola has signed green financing agreement with 24 banks for the East Anglia THREE offshore wind farm, being developed together with Abu Dhabi Future Energy Company (Masdar).The transaction valued at $4.88 billion, which was 40% oversubscribed…
Norwegian offshore supply vessel owner DOF Group has signed agreements to sell two of its anchor handling tug supply (AHTS) vessel to an international buyer.The sold vessels include Skandi Tender and Skandi Trader, both build in 2009.The sale…
Aker Solutions has secured a contract by Equinor to prepare the topside of Troll C to receive and process the production from the Fram Sør subsea tie-in project in the North Sea.Fram Sør will be developed as a subsea tie-in to Troll C and will…
Norwegian shipbuilder Vard has completed the upgrades on Island Offshore’s well intervention vessel Island Wellsaver.The extensive upgrade and maintenance operation project for the Island Wellsaver vessel included the replacement of the remotely operated vehicle (ROV) system…
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