Norwegian oil and gas company Pandion Energy has entered into an agreement to sell its participating interests in three assets comprising seven production licenses on the Norwegian Continental Shelf (NCS) to Inpex Idemitsu Norge, owned by Japan’s Inpex.The transaction includes Pandion Energy’s 10% participating interest in the producing Valhall and Hod fields (PL006B, PL006G, PL033 and PL033B); 20% participating interest in the Slagugle discovery (Pl 891 and PL 891B)…
CorPower Ocean has secured a grant from the EU Innovation Fund to support the development of VianaWave, a pre-commercial 10MW wave energy farm to be deployed off the coast of northern Portugal.The grant, in the amount of $46.8 million (€40 million)…
UK-based oil firm Serica Energy has completed the acquisition of Parkmead’s subsidiary, Parkmead E&P, securing rights for Skerryvore and Fynn Beauly prospects in the North Sea.The acquisition, announced in 2024, is worth up to $180 million for Parkmead…
Eco Wave Power Global has signed an agreement with C&S Welding, a California-based industrial and maritime contractor, for the installation of its wave energy floaters and the company's energy conversion unit at the Port of Los Angeles.The agreement…
OMV Petrom and NewMed Energy, the partners in Han Asparuh block in the Black Sea, have hired Noble Corporation’s Globetrotter I ultra-deepwater drillship to drill two exploration wells offshore Bulgaria.The two wells will be drilled on the Han-Asparuh Block…
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…
Cierco Energy and Marine Power Systems (MPS) have signed a memorandum of understanding (MoU) as a first step towards the deployment of MPS’ PelaFlex technology in one of the Llŷr Test and demonstration projects in the Celtic Sea.The MoU formalizes the strategic partnership…
Swedish wave energy firm CorPower Ocean has secured two new strategic investors - Acario, the Silicon Valley-based venture investment arm of Tokyo Gas, and GTT Strategic Ventures, the investment fund of French technology and engineering group GTT…
MODEC has entered into a contract with Eld Energy, a Norwegian fuel cell system company, to design and manufacture a solid oxide fuel cell (SOFC) system pilot unit intended for installation on one of the MODEC-operated floating production, storage and offloading (FPSO) units…
Singapore-based mooring and anchoring specialist Mooreast Holdings has partnered with Norway-based GeoProvider to strengthen capabilities in offshore data analysis and enhance its value proposition to the floating offshore renewable energy market…
The U.K. Planning Inspectorate has concluded its six-month Nationally Significant Infrastructure Project (NSIP) examination period for the Dogger Bank South (DBS) offshore wind farms, with the consent decision now expected within the next six months…
Energy technology company Baker Hughes and Malaysia’s state-run energy giant Petronas have signed a memorandum of understanding (MoU) on a strategic partnership to explore business initiatives that have the potential to support the delivery of Asia’s energy expansion and transition…
The Town and County of Nantucket and GE Vernova have signed a $10.5 million settlement agreement for losses resulting from 2024 turbine blade failure on the Vineyard Wind 1 offshore wind project.The settlement is aimed at compensating the town…
Azule Energy, a joint venture firm between BP and Eni, has made a gas discovery at the Gajajeira-01 exploration well, located offshore in the Lower Congo Basin, Republic of Angola.The well was spudded on April 1, 2025 in a water depth of 95 meters…
SEFE Securing Energy for Europe and the United Arab Emirates’ ADNOC Gas have entered into a three-year supply agreement over 0.7 million tonnes of LNG, with deliveries to begin in summer 2025.The agreement is valued at approximately $400 million…
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