Seatrium has secured a contract from BP for the engineering, procurement, construction and onshore commissioning of the Tiber floating production unit (FPU) in the Gulf of America.The Tiber FPU marks Seatrium’s second consecutive deepwater project for BP, further strengthening the relationship established throughthe award of the Kaskida FPU in December 2024.Over 85% of the Tiber FPU design will replicate the Kaskida FPU…
U.S.-based Venture Global and Japan’s Tokyo Gas have signed a new long-term liquefied natural gas (LNG) sales and purchase agreement (SPA).Under the SPA, Tokyo Gas will procure 1 million tonnes per annum (MTPA) of LNG from Venture Global for 20 years…
Pakistan approved a new offshore exploration consortium on Tuesday, clearing Turkish Petroleum Overseas Company to take over operatorship of the Eastern Offshore Block-C as part of a push to revive drilling, the adviser to the finance ministry said…
Singapore-based engineering group Seatrium has reported strong execution in the third quarter ended September 30, 2025, bolstered by major offshore and wind project deliveries, a high-value order book and strategic asset sales.The group’s net order book stood at about $12…
Eneos Holdings, Japan's top oil refiner which has been expanding into renewable energy, on Wednesday warned of the surging cost of developing its offshore wind project, with its CEO saying returns were difficult to achieve.Eneos unit, Japan Renewable Energy…
U.K.-based Pharos Energy, an independent energy company with assets in Vietnam and Egypt, has started a six-well drilling campaign offshore Vietnam designed to lift production from two of its existing fields and open new development opportunities…
Eni is aiming to get its gas joint venture with Malaysia's Petronas up and running some time next year, Guido Brusco, the Italian oil major's global natural resources chief operating officer, said on Monday.Both firms announced earlier this…
SLB, a global energy technology company, and SBM Offshore, a Floating Production Storage and Offloading (FPSO) solutions specialist, have signed an agreement to enter into an exclusive digital alliance to optimize the performance of offshore production systems…
Finder Energy has executed a binding farm-in agreement with joint venture partner Timor Gap to increase the Timor-Leste state oil company’s stake in Production Sharing Contract (PSC) 19-11, entailing the Kuda Tasi & Jahal (KTJ) fields development project…
Aquaterra Energy, a leader in offshore engineering solutions, has secured multiple offshore analysis contracts with INPEX Masela, a subsidiary of INPEX Corporation, to support the upcoming subsea drilling campaigns offshore Indonesia.Under the contract…
Norwegian offshore supply vessel owner DOF Group has secured a contract award for moorings hook-up services in the Asia Pacific (APAC) region.The contract will use construction support vessel (CSV) Skandi Hercules with related mooring and subsea installation services…
Singapore-based marine logistics firm Marco Polo has hired Norwegian ship designer Salt Ship Design to design the CSOV Plus, the next-generation commissioning service operation vessel (CSOV) for oil and gas and offshore wind sectors.The contract…
In early August 2025, Aesen took delivery of two new Generation 4 Fast Crew Boats (FCBs) — Aesen 107 and Aesen 108 — at a christening ceremony held at Strategic Marine yard. The addition of Aesen 107 and Aesen 108 brings Aesenʼs total new crew…
Saipem, through its subsidiary PT Saipem Indonesia, in its role as leader of the consortium which also includes PT Tripatra Engineers & Constructors, PT Tripatra Engineering, and PT McDermott Indonesia, has received formal notification of the…
Offshore drilling contractor Shelf Drilling has secured short-term contract for the Shelf Drilling Enterprise and a contract extension for the Trident 16 jack-up drilling rigs.The Shelf Drilling Enterprise has been hired for one firm well operation in Vietnam…
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