FPSO Goes Back Into Operation Mode in Eastern Mediterranean
London‑based Energean has brought its FPSO Energean Power back online off Israel’s coast after a 48‑hour restart authorized by the Ministry of Energy. The vessel’s return follows the reopening of the Strait of Hormuz, which was closed during the U.S.–Israel attack on Iran. The restart coincides with clearance for Chevron’s Leviathan platform and other regional gas assets. Production is now meeting contractual natural‑gas deliveries to customers.
Borr Drilling Anticipates Step-Up in Rig Contracting Game
Borr Drilling, the Bermuda‑based offshore driller, announced that its four rigs operating in the Middle East – Arabia III, Groa, Arabia II and Forseti – are set to resume work in April 2026 after recent geopolitical disruptions. The company’s Odin jack‑up, delayed by...
30-Meter Steel Suction Wing System for Oceangoing Vessels Comes to Market
Dutch firm Econowind has launched the 5-series VentoFoil, a 30‑meter steel suction wing designed for deep‑sea vessels. The first commercial unit will be fitted on Boomsma Shipping’s new ship Frisian Future this May, with eight additional wind‑ready vessels slated for...
TotalEnergies Finds More Hydrocarbons Offshore Congo
TotalEnergies EP Congo announced a new hydrocarbon discovery on the Moho license offshore Congo, where the MHNM‑6 NFW well intersected a 160‑metre column of high‑quality Albian oil and gas. The find sits near the existing Moho production infrastructure, allowing a...
Petrobras Gives Out $56 Million Contract Extension to Solstad CSV
Brazilian state oil giant Petrobras has extended its bareboat contract with Solstad Maritime’s construction support vessel Normand Fortress for two more years, worth about $56 million. The vessel will continue providing accommodation services for offshore production on the continental shelf starting...
Drillship Comes to Africa for Türkiye’s First Deepwater Drilling Foray Abroad
Turkey’s Ministry of Energy confirmed that the seventh‑generation ultra‑deepwater drillship Çağrı Bey has arrived in Somalia to launch the country’s first deep‑sea exploration drilling operation abroad. The vessel will target the CURAD‑1 well, slated to reach a total depth of 7,500 m—potentially...
Ventura Offshore’s Sixth-Gen Drillship Picks up 135-Day Extension in Brazil
Ventura Offshore announced a 135‑day extension for its DS Carolina ultra‑deepwater drillship, pushing the contract through September 2026 and adding roughly $29 million to its backlog. The delay shifts the next campaign on the Sepia‑Atapu field to January 2027, but otherwise leaves the terms...
Australia Backs Proposed LNG Terminal to Stave Off Victoria’s Gas Supply Crunch
Viva Energy has obtained federal environmental clearance under the EPBC Act for a new liquefied natural gas (LNG) terminal at Geelong Refinery Pier. The approval follows a positive state assessment and allows the project to proceed subject to conditions. Viva...
Gulf of Suez Oil Output on the Rise as New Well Joins in on the Action
GUPCO has brought the South Wasl BB exploration well online in Egypt’s Gulf of Suez, adding roughly 2,500 barrels of oil and 3 million scfd of gas per day. The new well is tied directly into existing facilities, pushing GUPCO’s total output...
Petrobras Takes Back Full Ownership of Brazilian Offshore Oil Fields
Petrobras has agreed to buy out Petronas' 50% stake in the Tartaruga Verde field and Module III of the Espadarte field for $450 million, restoring 100% ownership. The deal provides $50 million at signing, $350 million at closing, and two $25 million deferred payments. The...
Petronas Tasks Petra Energy with Work on Malaysian Gas Project
Petronas Carigali has awarded Petra Resources Sdn. Bhd., a subsidiary of Petra Energy, four work orders for hook‑up and commissioning (HUC) services on the Bintulu Integrated Facilities (BIF) rejuvenation Phase 2. The orders, dated Dec 1 2025 and Jan 2026, total RM 298 million (about $75 million)....
New Oil Discovery Comes to Light in Gulf of America
Occidental (Oxy) announced a new oil discovery at the Bandit prospect in the Gulf of America, roughly 125 miles south of the Louisiana coast. The exploration well in Green Canyon Block 680 intersected high‑quality, full‑to‑base Miocene oil‑bearing sands. Oxy operates the...
CB&I All Done with Acquisition of Petrofac’s Asset Solutions Business
CB&I, a designer and builder of storage facilities, completed the acquisition of Petrofac’s Asset Solutions business, adding roughly 3,000 employees and expanding into operations, maintenance, and de‑commissioning services. The transaction was structured on a debt‑free, cash‑free basis, with proceeds directed...
European Firm Lines up Five LNG Cargos to up Gas Storage Ante
Finland‑based Elenger secured five LNG cargoes for the spring, with three slated for the Inkoo terminal and two for Lithuania’s Klaipėda terminal. The first shipment arrived from the United States on the Marvel Swallow tanker, and additional deliveries are planned...
OneSubsea Technology to Enable ‘Faster Production’ at American Deepwater Field
OneSubsea, the SLB‑Aker‑Subsea7 joint venture, secured a contract with Texas‑based Beacon Offshore Energy to supply a high‑pressure, high‑temperature multiphase boosting system for the Shenandoah deepwater field in the Gulf of America. The system is engineered to operate above 15,000 psi, enabling...
250 North Sea Workers to Reap Benefits From UK Union Recognition Deal
Unite, Britain’s largest offshore trade union, has secured a recognition agreement with Apache Corporation covering more than 250 workers across seven assets in the Forties and Beryl fields. The deal gives Unite the right to negotiate on pay, safety and...
Multimillion-Dollar Fine for EnQuest over 33 Idle Wells as UK Cracks Down on Decom Inactivity
The UK regulator North Sea Transition Authority fined EnQuest £16.5 million (≈$22 million) for not decommissioning 33 idle wells in the Alma, Galia, Broom and Dons fields. The penalty, £500,000 per breach, follows missed deadline extensions after production stopped in 2020‑2021. NSTA...
Go-Ahead for Aker BP to Use Accommodation Facility at North Sea Field
Norwegian regulator Havtil approved Aker BP to install Macro Offshore Management’s mobile living quarters, the Macro Haven jack‑up facility, at the Valhall field in the North Sea. The Valhall field, producing since 1982, is slated for a new development phase that could...
NKT Eleonora Enters New Construction Phase as Its Hull Makes a Splash
NKT’s new cable‑laying vessel, NKT Eleonora, has had its hull launched at Vard’s Tulcea shipyard, marking a key construction milestone. The 176.5‑metre CLV, designed by Salt Ship Design, will carry 23,000 tons of cable and feature three turntables. It will run on...
Eco Wave Power Reports Continuous Operations of Its Israeli Pilot Project
Eco Wave Power’s pilot at Jaffa Port in Israel operated continuously throughout March, producing over 1,200 kWh of renewable electricity during six days of moderate wave conditions (1‑2 m). The system recorded zero downtime and has maintained consistent performance in waves of one...
Saudi Player’s Takeover Bid Deadline for UK Oil & Gas Firm Gets Prolonged
Capricorn Energy, the UK‑listed former Cairn Energy, has secured an extension of the deadline for a potential all‑cash takeover by Saudi‑backed Alamadiyaf al‑Masiyyah, now pushing the final decision date to May 6, 2026. The board is still reviewing the Saudi affiliate’s funding...
Time Slipping Away to Develop One of Norway’s Largest Untapped Gas Discoveries
Norway’s Offshore Directorate (NOD) has commissioned Terra Stream Energy to study the Gro discovery, one of the largest undeveloped gas finds on the Norwegian Continental Shelf. The well, first drilled by Shell in 2009, is estimated to contain about 52 billion...
Oil & Gas Duo Join Forces to Find Rig for Drilling Campaigns in Southeast Asia
SundaGas Banda Unipessoal, a subsidiary of UK‑listed Sunda Energy, has signed a letter of intent with Finder Energy’s Timor‑Leste arm to jointly secure a semi‑submersible drilling rig for offshore campaigns. The collaboration targets the Chuditch‑2 appraisal well and three development...
Hunting Gets $63.5 Million of Subsea Orders for New Development Off Guyana
London‑based energy services firm Hunting has secured subsea contracts worth $63.5 million for a new offshore development off Guyana. The award covers the delivery of Hunting’s titanium stress joint (TSJ) product line through its Subsea Spring unit, with revenue to be...
Construction Continues for French Full-Scale Wave Energy Demonstrator
Wave‑Op, a joint venture of the Legendre Group and Geps Techno, is advancing construction of the Dike Wave Energy (DIKWE) full‑scale demonstrator in Boulogne‑sur‑Mer, France. Approved in March 2025 and backed by the Hauts‑de‑France region, ADEME, Ifremer and engineering firm Fimetal, the...
EXIM Rubber-Stamps over $2 Billion for US LNG Export to Egypt
The Export‑Import Bank approved more than $2 billion in export‑credit‑insurance to back U.S. liquefied natural gas shipments to Egypt, covering contracts scheduled for 2026‑27. The authorization removes financing barriers for Hartree Energy’s deals with Egypt’s EGPC and aligns with the administration’s...
Asian Multi-Well Drilling Campaign Bumped to May
Jasmine Energy, a subsidiary of Singapore’s Rex International, raised $25 million in senior secured bonds to fund a three‑well drilling campaign at Oman’s Yumna field in Block 50. The campaign, originally slated for Q1 2026, has been pushed to May 2026. Block 50 covers roughly...
Shearwater and Searcher Wrap up 3D Seismic Acquisition in Brazil’s Pelotas Basin
Norway’s Shearwater GeoServices and Australia‑based Searcher have finished Phase Three of a multi‑client 3D seismic campaign in Brazil’s Pelotas Basin, adding 7,500 km² of high‑resolution data. The new acquisition brings the regional library to over 17,000 km², complementing the 9,500 km² gathered in earlier...
Another 20-Year LNG Offtake Lands in Mexican Project’s Bag
International Resources Holding (IRH) has signed a 20‑year sale‑and‑purchase agreement to purchase 1 mtpa of LNG from Amigo LNG’s upcoming export terminal in Guaymas, Sonora. Deliveries are slated to begin in the second half of 2028 when the project’s first liquefaction...
Hafnia Orders Eight ‘Fuel-Efficient’ Tankers From South Korean Shipyard
Singapore‑based tanker owner Hafnia has ordered eight fuel‑efficient medium‑range product tankers from Hyundai Heavy Industries for roughly $405 million. Deliveries are slated between Q3 2028 and Q2 2029, adding modern capacity to its fleet. The vessels feature optimized hulls and energy‑saving propulsion to...
Mediterranean Gas Field Back Online After Shutdown Due to Regional Safety Woes
Chevron Mediterranean Limited and its partners have restarted gas production at Israel’s Leviathan field after a 33‑day shutdown triggered by regional security tensions. The suspension, caused by the U.S.–Israel military response to Iran and related LNG disruptions, is not expected...
New Player Enters Underwater Robotics Market with AUV Prototype
Canadian AI and quantum‑computing firm ZenaTech has unveiled its IQ Aqua autonomous underwater vehicle (AUV) prototype, expanding from drones into underwater robotics. The initial model operates tethered and battery‑powered, while a next‑generation untethered version is under development. ZenaTech plans field...
Vietnam’s REE Unveils Investment Plan for Offshore Wind, Floating Solar
Vietnam’s Refrigeration Electrical Engineering Corporation (REE) announced a $1 billion investment to boost its renewable‑energy portfolio to about 3,000 MW by 2030, more than doubling its current 1,200 MW capacity. The strategy centers on offshore wind, near‑shore wind and floating solar, building on...
6% of Welsh People Think Renewable Energy Development Should Decrease, Research Shows
A RenewableUK Cymru poll shows 71% of Welsh residents want more renewable energy development, while only 6% favor a decrease, and 58% envision a future electricity system dominated by renewables. Respondents across Labour, Plaid Cymru, Conservative and Green voters are...
First Malta-Italy Interconnector Back in Service After Works on Second Link Demanded Shutdown
The first Malta‑Italy interconnector (IC1) was re‑energised on April 1 after a brief shutdown to reroute control cables for the upcoming second link. The work, performed at the Ragusa terminal in Sicily, included preparation for a new 220 kV hybrid switchgear...
TenneT, National Grid Ink Joint Development Agreement for LionLink Interconnector
Transmission system operators TenneT and National Grid Ventures have signed a joint development agreement to advance LionLink, a 2‑GW hybrid interconnector linking the UK and the Netherlands via the planned Nederwiek 3 offshore wind farm. The JDA outlines joint procurement, governance...
Wave Energy Pilot Concludes at Port of Los Angeles
Eco Wave Power has completed its on‑shore wave‑energy pilot at the Port of Los Angeles, developed with Shell. A prior feasibility study identified 77 U.S. coastal sites with suitable wave conditions. The pilot met all technical and operational milestones, and the final...
Trillion Energy’s Stake in Giant Black Sea Gas Field up for Sale
Trillion Energy is seeking a buyer for its 49 % working interest in the South Akcakoca Sub‑Basin (SASB) gas field in the southwestern Black Sea, a project operated by Turkey’s state oil company TPAO. The company also secured a new agreement...
Solstad Vessel Nets Contract Extension Before Upcoming Long-Term Deployment
Solstad Maritime secured an eight‑month contract extension for its 2007‑built construction support vessel Normand Energy, running from April 1 to November 30, 2026, with options for further extensions. The deal bridges the gap until the vessel’s long‑term deployment slated for the first...
South Korean Shipyard Holds Naming Ceremony for US Player’s New FSRU
Excelerate Energy, a Texas‑based LNG infrastructure firm, held a naming ceremony for its newest floating storage regasification unit, the Excelerate Acadia, at Hyundai Heavy Industries’ shipyard in Ulsan, South Korea. The ceremony, led by board member and godmother Deborah Byers,...
$10 Billion US LNG Project Comes Online in Texas: One Train Down, Two More Left on McDermott and Chiyoda’s List
U.S. EPC firms McDermott and Chiyoda have completed construction and commissioning of Train 1 at the Golden Pass LNG export terminal in Sabine Pass, Texas, marking the project's first LNG production. The $10 billion joint venture, owned 70% by QatarEnergy and 30%...
Técnicas Reunidas Tasked with Work for Second Phase of Canadian Natural Gas Pipeline
Técnicas Reunidas, the Spanish engineering and construction firm, has secured a contract to provide EPC services for the second phase of the Coastal GasLink natural gas pipeline that will feed LNG Canada. The expansion adds roughly 300 km of line, boosting capacity by...
Norwegian Shipowner Finalizes Sale of 2016-Built PSV
Golden Energy Offshore Services (GEOS) completed the sale of its 2016-built platform supply vessel Energy Passion for a gross price of $28 million. The transaction is expected to generate a booked gain of about $5.4 million and net proceeds of roughly $14 million...
Tekmar Bags €2+ Million in Contracts for Japanese Offshore Wind Project
Tekmar Group has secured two contracts worth roughly $2.5 million for a Japanese offshore wind project, supplying its 10th‑generation cable protection systems. The work will begin immediately, with revenue recognized through the rest of fiscal 2026 and into the first half...
Seabed Preparation Starts Ahead of Construction of New Dutch Offshore Wind Farm
Seabed preparation has begun on the OranjeWind offshore wind project off the Dutch coast, with Jan De Nul launching a filter‑layer installation campaign. The rock‑installation vessel Simon Stevin will lay the first erosion‑protection layer by May, clearing the way for 53 Vestas V236‑15 MW...
Vietnamese Player’s ‘Super Rig’ Ready for Drilling
Vietnam’s state‑owned Petrovietnam Drilling & Well Service Corp. (PV Drilling) officially named its newly acquired jack‑up rig PV DRILLING IX, formerly the Noble Highlander, on March 27. The vessel, built to Friede & Goldman JU2000E specifications, can drill to 9,144 meters and operate in water up to 129.5 meters...
History Written as CCS Technology Starts Operating on Board FPSO
Yinson Production has commissioned the world’s first post‑combustion carbon capture and storage (CCS) unit on its FPSO Agogo, operating off Angola. The system, built with Azule Energy and Carbon Circle, runs on the open‑source CESAR1 amine solvent, designed for low‑energy...
Jan De Nul Orders Nordlicht I Cable Protection Systems at CRP Subsea
Jan De Nul has engaged CRP Subsea to supply 141 NjordGuard cable protection systems for Vattenfall’s Nordlicht I offshore wind farm in the German North Sea. The CPS designs are being engineered for both monopile and J‑tube interfaces, with production in...
Two New Campaigns with Equinor to Keep Reach Subsea’s USV at Work
Norway’s Reach Subsea has landed two additional call‑offs from state‑owned Equinor under their existing frame agreement, deploying its uncrewed surface vessel Reach Remote 1 for gas reservoir monitoring at the Troll field and extensive subsea inspection, maintenance and repair (IMR) work...
Oil-to-CO2 Storage Wells Begin Transformation Journey Offshore Denmark
Denmark’s Greensand Future project is converting legacy North Sea oil wells into carbon‑capture storage wells at the Nini West field, roughly 240 km northwest of Esbjerg. The initiative follows a 2022 permit for up to 15,000 t of CO₂ injection and the...
