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Bardex Corporation, Gabriel Engineering Partner Up for Floating Wind Moorings

Mar 28, 2025

Bardex Corporation and Gabriel Engineering Group have signed a memorandum of understanding (MoU) to collaborate on anchor, mooring, and precision-component technologies for floating offshore wind.The partnership will investigate development of a U…

NYK Group’s N-O-G Buys its First SOV From Edda Wind

Mar 27, 2025

Northern Offshore Group (N-O-G), an NYK Group company, has purchased Mistral Enabler service operation vessel (SOV) from Edda Wind.The 81-meter-long Mistral Enabler SOV, with an onboard capacity for 60 people, will be renamed Northern Ocean…

BP Mulls Shedding two US Offshore Stakes

Mar 26, 2025

BP is exploring the sale of minority stakes in two of its most valuable Gulf of Mexico oil projects — Kaskida and Tiber — as the energy giant recalibrates its strategy to prioritize oil and gas, according to two sources familiar with the matter…

Chouest Group Bolsters its Subsea Robotics, Acquires Kystdesign

Mar 19, 2025

The Chouest Group said it has acquired Kystdesign, a manufacturer of remotely operated vehicle (ROV) systems. 'We are thrilled to welcome Kystdesign and its talented team into the Chouest family,' said Dino Chouest. 'By joining forces, we will…

Axess to Inspect Pipelines for TechnipFMC

Mar 19, 2025

Norway-based Axess Group has secured a frame agreement for inspection services with TechnipFMC related to the fabrication of pipelines in Norway.The scope of work encompasses inspection services related to the fabrication of pipelines at the Orkanger Spoolbase in Norway…

Merger: Hendrik Veder Group (HVG) and Dutch Steel Fabricators (DSF)

Mar 17, 2025

After several years of collaboration, Hendrik Veder Group (HVG) and Dutch Steel Fabricators (DSF) are consolidating, creating a  “one-stop-shop” for lifting and rigging solutions. Two companies within the DSF Group—Gouda Constructie and Breda…

ExxonMobil's Longtail to Produce Up to 1.5 BCFD of Gas

Mar 12, 2025

The eighth energy project in Guyana of a consortium led by U.S. major Exxon Mobil will produce up to 1.5 billion cubic feet per day (bcfd) of natural gas and 290,000 barrels per day on condensate through a floating production facility that will have capacity to export the fuel…

MI-based Vestas Wind Techs Unionize

Mar 06, 2025

Michigan-based wind technicians who perform operations and maintenance on Vestas turbines voted to unionize and become members of the Utility Workers Union of America (UWUA), AFL-CIO. The election marks the first Vestas wind technicians in North American to unionize…

Correll Group Rebrands to SPIE Wind Connect

Feb 28, 2025

SPIE Global Services Energy, a subsidiary of SPIE, has announced that its wind power high voltage specialized entity Correll Group has changed its name to SPIE Wind Connect.The name change follows the acquisition of Correll Group by SPIE in 2024…

Eni to Set Up Carbon Capture Unit as it Looks into Powering Data Centers

Feb 28, 2025

Italy's Eni said on Thursday it would expand its low-carbon activities as part of its 2025-2028 strategy, creating a new company for its carbon capture and storage activities, and offering power for data centres.The state-controlled group said…

Saipem Reports Growth for Third Consecutive Year

Feb 25, 2025

Energy company Saipem’s performance in 2024 confirms, for the third consecutive year, a trajectory of growth and margin recovery for the group, as well as an acceleration in cash flow generation and the strengthening of the company’s balance sheet…

Wood Mackenzie Projects $73/Barrel in '25

Feb 24, 2025

According to its latest market outlook, Wood Mackenzie projects that Brent crude oil prices will average $73.00 per barrel (bbl) in 2025. The forecast considers geopolitical and economic factors, including potential peace talks between Russia and the US regarding the Ukraine conflict…

Staatsolie Looks to Secure $1.5B to Join GranMorgu Project Off Suriname

Feb 24, 2025

Suriname's Staatsolie needs to secure an unprecedented $1.5 billion in bank financing this year to ensure it can participate in the country's Gran Morgu energy project, the head of the state-owned company told Reuters.The project, led by TotalEnergies…

Environmental Groups File Lawsuit to Block Trump’s Offshore Drilling Plans

Feb 20, 2025

Environmental groups on Wednesday moved in court to block President Donald Trump’s administration from allowing offshore oil drilling along broad swaths of U.S. coastline, in what appeared to be the first legal challenges to the Republicans’ efforts to boost fossil fuel production…

SBM Offshore's 2024 Revenue Soars 35% to Record High

Feb 20, 2025

Dutch oil and gas services firm SBM Offshore's annual revenue jumped 35% to a record high in 2024, driven by the sale of its floating production, storage and offloading vessels (FPSO) in Suriname and Guyana, the company said on Thursday.SBM Offshore's shares rose 9…

Current News

One Shelf Drilling Rig Up for New Job in India, Other for Disposal

One Shelf Drilling Rig Up for New Job in India, Other for Disposal

Four Jack-Up Drilling Rig Deals Set to Bring In $129M for Borr Drilling

Four Jack-Up Drilling Rig Deals Set to Bring In $129M for Borr Drilling

PTTEP Hires Velesto’s Jack-Up Rig for Drilling Campaign off Malaysia

PTTEP Hires Velesto’s Jack-Up Rig for Drilling Campaign off Malaysia

Yinson Production Secures $1.17B Refinancing for FPSO Maria Quitéria

Yinson Production Secures $1.17B Refinancing for FPSO Maria Quitéria

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Petrovietnam, Partners Sign PSC for Block Off Vietnam

Petrovietnam, Partners Sign PSC for Block Off Vietnam

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

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