Assets News


UK North Sea Decommissioning Set for Sharp Rise Through 2034

Nov 26, 2025

Decommissioning activity on the UK Continental Shelf (UKCS) continues to grow as operators expand campaign-based approaches and rely on advanced planning and supply chain collaboration to manage rising costs and workloads, according to the latest report from Offshore Energies UK (OEUK)…

Woodside Enlists ABL for Global Operations Support

Nov 26, 2025

Energy and marine consultancy ABL has secured a global agreement with Woodside Energy to support the operator’s offshore energy construction and operations worldwide, including in Australia and the US.As part of a Global Client Relationship Agreement (GCRA)…

Egyptian President Discusses Energy Investment with Eni CEO

Nov 25, 2025

Egyptian President Abdel Fattah el-Sisi met Eni CEO Claudio Descalzi to review the Italian group's investments in the African country and discuss new initiatives, the energy company said on Tuesday.Eni, which is the operator of Egypt's offshore gas field Zohr…

Golar LNG Announces Successful Completion of $1.2b FLNG Gimi Bank Facility

Nov 25, 2025

Golar LNG Limited has announced that it has successfully closed and drawn a new $1.2 billion asset backed debt facility agreement with a consortium of banks including ABN AMRO, Citibank, DNB, Goldman Sachs and Standard Chartered Bank for the refinancing of FLNG Gimi…

DeepOcean Rounding Up Gryphon Alpha FPSO Decom Job

Nov 25, 2025

Ocean services provider DeepOcean is nearing completion of a contract awarded by TotalEnergies for the disconnection and tow of the Gryphon Alpha floating production, storage and offloading (FPSO) unit, as well as the removal of associated subsea infrastructure…

Drydocks World Converts Tanker to FPSO Ahead of Deployment off Nigeria

Nov 25, 2025

Drydocks World has completed the full conversion and integration of the EMEM Floating production storage and offloading (FPSO) unit, delivering a key offshore asset to support production at Nigeria’s Okwok field.The FPSO, converted from double-hulled tanker…

FairWind Partners with Japanese Turbine Specialist

Nov 24, 2025

FairWind has signed a strategic partnership agreement with Japanese turbine operations and maintenance specialist Wind Energy Partners (WEP).The move marks the latest phase in FairWind’s Asia Pacific growth strategy following the announcement…

Jifmar Concludes Takeover of 15 Seacontractors Workboats

Nov 24, 2025

Jifmar Group has completed the transfer of Seacontractors’ fleet of 15 workboats, finalizing a deal signed in August and strengthening its presence in the Middle East and Indian Ocean.The vessels and associated teams formally joined Jifmar on November 19…

Woodside Extends EnerMech’s Cranes Services Contract off Australia

Nov 21, 2025

Energy industry services firm EnerMech has secured a one-year contract extension to deliver crane maintenance and integrity services across six assets for Woodside in North West Australia.The renewed scope covers six offshore assets in North West Australia…

DNO Enlists AGR to Assess North Sea Reserves and Resources

Nov 20, 2025

Oil and gas firm DNO Norge has hired AGR, part of ABL Group, to carry out an independent evaluation of reserves and resources for the oil and gas operator’s asset portfolio.AGR will provide DNO Norge, which is the Norwegian operation of Oslo-listed DNO…

Aramco Expands US Partnerships with $30B in New Deals

Nov 20, 2025

Saudi Aramco has signed 17 memoranda of understanding and agreements with U.S. companies, with a potential total value exceeding $30 billion, expanding its network of partnerships in sectors ranging from LNG and advanced materials to financial services…

Ghana Seeks State Takeover of Springfield Oil Block In Hopes of Increasing Output

Nov 19, 2025

Ghana has initiated talks to take over Springfield Exploration's stake in an offshore block holding an estimated 1.5 billion barrels of oil, the energy ministry said, as the country seeks to reverse falling output to bolster its economic recovery…

Havila Shipping Banks Q3 Profit as Fleet Use Climbs

Nov 19, 2025

Havila Shipping delivered a stronger third quarter in 2025, reporting improved profit before tax and maintaining high fleet utilization despite softer day rates and several vessels undergoing planned maintenance.According to the company’s quarterly report…

Australian Offshore Decom Costs Set to Fall as Efficiency Improves, Xodus Finds

Nov 19, 2025

Australia’s estimated offshore oil and gas decommissioning cost has been revised down to $28.3 billion (A$43.6 billion) by 2070, supported by rising sector efficiency and improved forecasting methods, according to new research from global energy consultancy Xodus…

Current News

BP Hires Seatrium to Deliver Tiber FPU in Gulf of America

Venture Global, Tokyo Gas Ink 20-Year LNG Supply Deal

Greater Sunrise Moves to Next Phase with Timor-Leste, Woodside Deal

Russia Seeks to Boost Oil Exports to China as Sanctions Tighten

Blackford Dolphin Semi-Sub to Keep Drilling Offshore India

Aramco Expands US Partnerships with $30B in New Deals

Pakistan Greenlights TPOC-Led Offshore Exploration in Block-C

TechnipFMC to Supply Subsea Systems for Eni’s Maha Deepwater Project

SED Energy’s GHTH Rig Kicks Off Ops for PTTEP

MODEC Forms Dedicated Mooring Solutions Unit

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