Forum Energy Technologies’ (FET) subsea product line has secured a contract to provide two of its new generation work class remotely operated vehicle (ROV), the XLX EVO III, to Nigerian oil and gas firm Marine Platforms (MPL).The contract win marks the first sale of FET’s XLX EVO III…
Wind industry service company FairWind has reached an agreement to acquire Australian wind installation and maintenance provider Cosmic Group, expanding its presence and service offering in Asia-Pacic (APAC) region.The strategic acquisition…
Spanish power utility Iberdrola is seeking to sell 49% of its offshore wind farm East Anglia Two in Britain, which has an estimated total value of 5 billion euros ($5.8 billion), newspaper Cinco Dias reported on Thursday, citing unidentified sources familiar with the plans…
Equinor and its partners has started production from the large Bacalhau field in Brazil, whose recoverable reserves exceed 1 billion barrels of oil equivalent (boe).Bacalhau is located in the pre-salt region of Brazil's Santos Basin in ultra-deep water of over 2…
Rigs drilling beneath the deep waters of the Gulf of Mexico will drive U.S. oil industry growth this year and next as onshore production slows due to lower prices and maturing shale fields, and analysts and consultants expect the trend to continue…
Energy data and intelligence firm TGS has secured a streamer acquisition contract in Africa.Acquisition is scheduled to commence in the fourth quarter of 2025.The contract, with an undisclosed party, has a duration of approximately 50 days.'We…
Egypt has a plan for the drilling of 480 exploratory oil wells on the basis of investments totaling $5.7 billion over the next 5 years, the country's petroleum minister said on Tuesday, as the country seeks to reverse declining production.The…
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