Blackstone is in talks to sell its Beacon Offshore Energy, which operates oil and gas assets in the U.S. Gulf of Mexico for more than $5 billion, Bloomberg News reported on Tuesday, citing people familiar with the matter.The asset manager has begun early talks with investment banks about a possible listing of the company as soon as the first quarter, the report said.The Houston-based company is likely to draw interest from major Gulf of Mexico producers…
TMC Compressors has secured a contract by COSCO Shipping Heavy Industry to deliver a complete marine compressed air system to SBM Offshore’s newbuild floating storage and offloading (FSO) unit Chalchi.The FSO Chalchi is bound for deployment at the Trion deepwater oil field…
Chevron plans to close a deal to sell its oil refining and distribution assets in Singapore in the first quarter of the year as it engages in a final round of talks with Japanese refiner Eneos and Glencore, four sources with knowledge of the matter said…
Halliburton surpassed Wall Street expectations for fourth-quarter profit on Wednesday, on the back of steady demand for its services and equipment in international markets.Shares of the company rose nearly 2% in premarket trading.Offshore exploration…
Abu Dhabi Ports Group, via its subsidiary SAFEEN Drydocks, has acquired full ownership of Balenciaga Astilleros Shipyard in Spain for a total consideration of $13.1 million, consolidating the group’s operations in Spain and the Mediterranean and supporting its expansion in the offshore wind sector…
Portuguese energy firm Galp will focus on growing its upstream business from oilfields in Brazil and Namibia and may list parts of its newly formed downstream business in a couple of years, its co-chief executive Joao Diogo Marques da Silva told Reuters on Tuesday…
Engineering Wood has secured a two-year contract extension worth up to $65 million with Woodside to continue delivering brownfield engineering, procurement and construction management (EPCM) services across offshore assets at the North West Shelf (NWS) Project in Western Australia…
James Fisher and Sons has invested in U.S.-based autonomous marine technology company Ocean Aero, taking a strategic minority stake as part of Ocean Aero’s Series D funding round.The investment increases James Fisher’s exposure to autonomous…
Global marine construction company Jan De Nul said it has strengthened its offshore wind market strategy by using real-time intelligence from Spinergie, improving visibility on vessel activity, asset availability and market trends.By integrating…
Subsea technology and services company SMD has completed site acceptance testing of its electric work-class remotely operated vehicle (ROV), marking a milestone in the development of fully electric subsea systems.Testing of the SMD Quantum EV was completed at the DEEP Campus near Bristol…
Today the U.S. District Court for the Eastern District of Virginia granted Dominion Energy’s request for a preliminary injunction allowing construction to resume on the Coastal Virginia Offshore Wind (CVOW) project while Dominion Energy’s lawsuit challenging the agency’s action proceeds…
Vineyard Wind, a nearly completed offshore wind project off the coast of Massachusetts, asked a federal court on Thursday to block the Trump administration's suspension of the industry in federal waters.The filing came the same day a federal…
Abu Dhabi state oil firm ADNOC is weighing entering Venezuela's energy industry and could seek a partnership with another international producer to participate in the nation's gas projects, Bloomberg News reported on Thursday, citing people familiar with the matter…
The underlying lawsuit challenging the U.S. Department of the Interior’s December 22, 2025 suspension order will continue to proceed.Empire Wind will now focus on safely restarting construction activities that were halted during the suspension period…
MODEC has commissioned Everllence to supply five compressor trains for its new Floating Production Storage and Offloading (FPSO) for the Gato do Mato - Orca Project offshore Brazil.The FPSO will be moored in the pre-salt area of the Santos Basin…
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