Norwegian oil and gas company Aker BP has extended a contract for Eidesvik Offshore’s platform supply vessel (PSV) Viking Prince.The firm period for the PSV has been extended with approximately two months, and will run to end of April 2026. No additional details about the contract were disclosed…
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…
OceanTools is celebrating two projects that highlight their engineering expertise and versatility. From designing subsea pressure housings for a well-known space technology company to creating solutions for the world’s deepest oceans, their…
QatarEnergy has awarded the engineering, procurement and construction (EPC) contract for the onshore liquefied natural gas (LNG) plant of its North Field West (NFW) project to a joint venture comprising Technip Energies, Consolidated Contractors Company (CCC) and Gulf Asia Contractor (GAC)…
Kongsberg Maritime has been selected to supply a fully integrated equipment package for a next-generation ultra-large cable laying (CLV) vessel being built for LS Marine Solution at Tersan Shipyard in Türkiye.The vessel, designed to support…
Malaysia-based offshore support vessel (OSV) builder Nam Cheong has secured shipbuilding contracts worth $64.5 million from a UAE-based global energy maritime logistics company for the construction of four offshore support vessels, marking its first newbuild contract win in over a decade…
Seatrium has put in motion a series of non-core asset divestments set to complete by early 2026, targeting over $40 million (S$50 million) in annualized operational cost savings.The Singapore-based offshore and marine group said the savings…
Oil production on the Norwegian continental shelf (NCS) in 2025 reached its highest level since 2009, according to the 2025 Resource Accounts, reported by Norwegian Offshore Directorate.The report showed high production of both liquids and gas…
Offshore Energies UK (OEUK) said on Thursday that recoverable gas reserves on the UK Continental Shelf (UKCS) amount to 456 billion cubic meters (bcm), more than double the 226 bcm production projection between 2025 and 2050 cited by the North Sea Transition Authority (NSTA)…
Japan’s largest exploration and production (E&P) firm Inpex has received environmental approval from the Indonesian government for its Abadi liquefied natural gas (LNG) project in the Masela Block, marking a key milestone as the development…
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…
Malaysia’s MISC has secured long-term bareboat charter and operations and maintenance contracts with ExxonMobil PNG (EMPNG) for Papua New Guinea’s first floating storage and offloading (FSO) unit.The contracts comprise a firm 15-year charter with extension options of up to an additional 15 years…
Japan's top power generator JERA has begun construction of its offshore wind project in Akita, northern Japan, and is on schedule for a 2028 start-up, President Hisahide Okuda said on Wednesday.The move comes despite soaring material and construction costs…
A pipeline between neighbors Guyana and Suriname to transport gas from their offshore projects would be of 'high interest' to increase the availability of the fuel, said on Wednesday the managing director of Suriname's state-run Staatsolie, Annand Jagesar…
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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