Norwegian oil and gas producer DNO has secured new North Sea oil offtake agreements with subsidiaries of ExxonMobil and Shell from January 2026, unlocking up to $410 million in associated financing and strengthening its liquidity amid volatile energy markets.The agreement with ExxonMobil Asia Pacific, covering around half of DNO's North Sea oil output, has a tenor of two years and a related revolving credit facility of up to $185 million…
Scottish-based services specialist Hydrasun has secured a multi-million-dollar contract to supply subsea instrumentation for the Equinor-operated Mariner field in the North Sea.The contract, valued around $3 million, was awarded to Hydrasun by a major subsea original equipment manufacturer (OEM)…
Fugro has secured a large contract with Mubadala Energy to deliver advanced soil investigation services for the South Andaman Deepwater Development, located offshore Indonesia.The strategic project will inform the Front-End Engineering Design Engineering Procurement and Construction (EPC) award…
Norwegian oil and gas firm Vår Energi has put the Balder Phase V project into production, while also completing of Åsgard Low Pressure Production Phase 3 (LPP3) scheme, bolstering its North Sea production.With the Åsgard LPP3 project start-up scheduled for December…
North Sea-focussed oil producer EnQuest said on Wednesday it expects to meet or exceed the upper end of its 2025 output forecast of 40,000–45,000 barrels of oil equivalent per day (boepd) as it steps up expansion in Southeast Asia.The company…
TotalEnergies has closed an agreement to divest to PTTEP an indirect interest of 9.998% in block SK408 in Malaysia.TotalEnergies will keep a 30.002% interest in block SK408 and the operatorship. The block is a major gas development, contributing to Malaysia’s energy security…
Ocean Infinity has reached a significant milestone with the delivery of the final vessel in its 14-vessel Armada fleet, featuring advanced underwater robotic systems capable of a wide range of data collection tasks.Over the past five years,…
Shell is preparing to launch a new drilling campaign in the PEL 39 exploration block offshore Namibia from April 2026 with its partners QatarEnergy and Namibia's national oil company Namcor.Shell's Namibia country chair Eduardo Rodriguez said…
The Australian government on Thursday released its first package of offshore oil and gas acreage for bidding since 2022.All five areas are in the Otway Basin offshore Victoria state in Commonwealth waters and come a day after the Victorian government…
Bowdun Offshore Wind Farm, planned for 44 km off Stonehaven in North East Scotland, has submitted the application for planning permission in principle for the onshore infrastructure of the Project to Aberdeenshire Council. The submission covers the elements from the landfall point near Benholm…
Oil major Shell said output at two of its offshore platforms in the U.S. Gulf of Mexico has been temporarily shut due to a shutdown of the Hoover Offshore Oil Pipeline System (HOOPS).The top producer in the U.S. Gulf said it expects its Whale and Perdido platforms…
Dong Fang Offshore (DFO), one of Asia’s largest offshore wind service providers, has signed a major shipbuilding contract with Norwegian yard Westcon for a new subsea and cable lay vessel (CLV), set for delivery in 2027.Westcon will take over…
South Africa's legacy national oil company, PetroSA, has approved a deal to give Shell Offshore a 60% stake in its Block 2C, off the country's west coast, a document seen by Reuters showed on Monday.If successfully concluded, the agreement will strengthen oil major Shell's SHEL…
Eni has made a significant gas discovery in the Konta-1 exploration well, drilled in the Muara Bakau production sharing contract (PSC), in the Kutei Basin, offshore Indonesia.Estimates indicate 600 billion cubic feet (Bcf) of gas initially in…
Norwegian technology company Vissim has secured a contract with a Qatar-based oil and gas operator to deliver a vessel collision avoidance system at an undisclosed oil field offshore Qatar.As part of a three-year agreement, Vissim will provide…
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