McDermott has secured a decommissioning definition engineering contract by QatarEnergy for Qatar’s inaugural offshore decommissioning initiative.Under the contract scope, McDermott will develop a comprehensive technical and commercial framework and conduct detailed techno-economic studies to ensure the safe and systematic retirement and removal of 27 aging offshore platforms.This encompasses all associated subsea infrastructure - including subsea cables and pipelines located in the Al-Karkara…
Norwegian oil and gas firm Aker BP has started oil production from the Solveig Phase 2 development in the North Sea.The project has been delivered on schedule and within budget, adding approximately 39 million barrels of oil equivalent in recoverable resources to the Solveig field…
German transmission system operator 50Hertz and offshore wind developer Skyborn Renewables have signed a platform cooperation agreement that clears the way for the commissioning of the Gennaker offshore wind farm in the German Baltic Sea.The…
Nam Cheong Limited, one of Southeast Asia’s leading Offshore Support Vessel (OSV) providers based in Sarawak, Malaysia, has announced that the Group has entered into a sales agreement with an Indonesian customer to sell one 11-year-old 3,000…
Seatrium, through its wholly owned subsidiary Seatrium New Energy (SNE), and consortium partner Aibel have started arbitration proceedings for the disputes related to the delivery of TenneT’s DolWin 5 offshore converter platform project in Germany’s North Sea…
Engineering Wood has secured a two-year contract extension worth up to $65 million with Woodside to continue delivering brownfield engineering, procurement and construction management (EPCM) services across offshore assets at the North West Shelf (NWS) Project in Western Australia…
James Fisher and Sons has invested in U.S.-based autonomous marine technology company Ocean Aero, taking a strategic minority stake as part of Ocean Aero’s Series D funding round.The investment increases James Fisher’s exposure to autonomous…
Global marine construction company Jan De Nul said it has strengthened its offshore wind market strategy by using real-time intelligence from Spinergie, improving visibility on vessel activity, asset availability and market trends.By integrating…
ARO Drilling, a joint venture between Valaris and Aramco, has signed a multi-year contract with ALTAVE to deploy artificial intelligence (AI)-based video monitoring solution across its fleet of nine offshore jack-up rigs operating in Saudi Arabia…
JERA Nex bp is acquiring EnBW’s stake in the Mona Offshore Wind Farm and has signed a lease agreement with The Crown Estate for the project, marking an important milestone for the company and for the UK’s offshore wind ambitions.This is a significant…
The Norwegian Offshore Directorate (NOD) has granted Equinor a drilling permit for wildcat well in the North Sea.The permit is for a wellbore 34/8-A-37 H in production license 120, which is operated by Equinor with 53.2% working interest.The partners in the license include Petoro with 30% stake…
Chevron and its partners in the Leviathan natural gas reservoir have reached a Final Investment Decision (FID) to expand the production capacity of the strategic Leviathan production platform located offshore Israel.The Leviathan expansion project…
ModuSpec, MR Group’s rig and well control equipment solutions business, has received Technology Qualification from classification society DNV for its blowout preventer (BOP) real-time monitoring capabilities, clearing the way for wider deployment…
Archer, in collaboration with SLB, has been awarded an integrated plug and abandonment (P&A) contract with Equinor for the Titan platform in the Gulf of America (GoA).The service offerings under the contract includes project management, well engineering…
The European Union has awarded funding to support the development of carbon capture, utilization and storage (CCUS) in the Øresund region, backing a cross-border project aimed at accelerating renewable energy use and enabling the production of sustainable fuels…
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