Oilfield services company TechnipFMC has secured a significant contract from Azule Energy to supply flexible flowlines and risers for the Greater PAJ development offshore Angola, further strengthening its position in one of the world's most active deepwater regions.The contract covers the design and manufacture of flexible flowlines and risers that will connect wells in water depths approaching 2,000 metres to a new floating production unit…
Japanese offshore services company MODEC has secured a contract to supply a SOFEC internal turret mooring system for the Coral Norte floating liquefied natural gas (FLNG) project offshore Mozambique, being developed by Eni and its partners.MODEC…
Oman said it would keep the Strait of Hormuz open to shipping without imposing any tolls and had designated two temporary routes north and south of the existing shipping lane to facilitate the safe passage of vessels departing the region.In coordination with the International Maritime Organization…
Logistics and materials management company ASCO has opened its first office in the Middle East, establishing a presence in Qatar as it looks to expand its regional operations and support growing demand for logistics and environmental services…
Energy and marine consultancy ABL has opened a new office in Salvador, Brazil, expanding its presence in the country and strengthening its asset integrity management offering for the oil and gas, maritime and industrial sectors.The new office…
Tampnet, the world’s largest offshore high-speed, high-capacity communications provider, has been selected by an international energy major to deliver advanced connectivity solutions to two development projects in the US Gulf.The projects in…
Wind turbine installation and service company FairWind has appointed three senior executives to strengthen its blade and service operations in Europe as demand for operations and maintenance services continues to grow across the region.The Denmark…
Vulnerable countries that paid a high economic price during the Iran war are seeking to build domestic oil and gas storage buffers against future shocks, a drive that could bring roughly half a billion barrels of additional demand down the pike…
Repsol seeks to expand its projects in Venezuela by incorporating the Horcon oilfield into its portfolio, the Spanish energy producer said on Thursday, having signed agreements with Venezuela's government this week.The company is a key partner…
Saudi Aramco is considering the sale of a stake in its sulphur business, three sources with knowledge of the matter told Reuters, extending a strategy of tapping its infrastructure assets to raise tens of billions of dollars.Aramco, the crown jewel of the world's largest crude exporter…
The Trump administration on Wednesday said it would pay $765 million to power project developer Invenergy to terminate four wind leases off the coasts of New York, California and Maine.The Department of the Interior said in a statement that…
U.S. liquefied natural gas producer (LNG) Venture Global and German utility EnBW have signed new binding agreements for the supply of approximately 0.82 million tonnes per annum (mtpa) of LNG over a period of about five years beginning in 2026…
Middle East oil producers face a reckoning. The Iran war exposed the dangers of relying on a single chokepoint for vital oil and gas exports, leaving Gulf governments with a clear strategic imperative: diversify – at all costs.An Iranian blockade…
Oil prices fell by more than $2 per barrel on Thursday after the U.S. and Iran signed an interim agreement that would end the Iran war, reopen the Strait of Hormuz and waive U.S. sanctions on Tehran's oil, boosting the oil supply outlook.Brent crude futures LCOc1 were down $2…
EnerMech has completed an offshore cleaning and preparation campaign on the Bass Strait pipeline system in Australia's Gippsland Basin, supporting offshore assets operated by Esso Australia Resources, a wholly owned subsidiary of ExxonMobil…
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