Eni Pulls Off LNG Offtake Hat Trick in Southeast Asia
Italian energy giant Eni signed three long‑term LNG offtake contracts for its South Hub and North Hub projects in Indonesia, covering about 2 mtpa of LNG. The deals are tied to gas from the Kutei Basin and will be delivered via the Bontang LNG plant, including reactivating an idle train. The contracts push Eni toward its goal of over 20 mtpa of contracted LNG supply by 2030 and deepen its presence in Southeast Asia.
Equinor-Aker BP Pact Accelerating Development of Oil & Gas Discoveries
Equinor and Aker BP have signed a strategic alliance to streamline development of several oil and gas discoveries on the Norwegian Continental Shelf. The deal transfers a 19% stake in Ringvei Vest licences and a 38.16% interest in the Frigg UK licence...
Wood to Deliver Pipeline Design and More for Qatar’s Redevelopment Project
Wood has been awarded a contract by China’s Offshore Oil Engineering Company to design an optimized pipeline network for QatarEnergy’s Bul Hanine redevelopment. The scope covers 25 pipelines, crossing analysis for 15 umbilicals and two power cables, and addresses thermal expansion...
Wave-Measuring Device Deployed at New Marine Energy Test Site in Massachusetts
The Marine Renewable Energy Collaborative (MRECo) has installed a SOFAR Spotter Buoy at the newly opened Cuttyhunk Test Range in Massachusetts. The buoy records real‑time wave height, temperature and environmental conditions, providing data to support ongoing and future ocean‑technology projects....
FSRU Launch Bringing Europe’s Next Terminal Closer to Completion
Poland’s gas transmission operator Gaz‑System launched a new 295‑metre floating storage and regasification unit (FSRU) at Hyundai Heavy Industries in South Korea. The vessel, equipped with 170,000 cbm of LNG storage and a >6 bcm/year regasification capacity, will reach the Gulf of...
TKF Loads Out Final Ecowende Inter-Array Cables with Reduced Environmental Footprint
TKF loaded the final batch of inter‑array cables for the 760 MW Hollandse Kust West VI offshore wind farm onto Van Oord’s Nexus vessel on May 15, marking the last major equipment delivery before construction ramps up. The cables are lead‑ and bitumen‑free, reducing their environmental...
Ocean Sun Inks Deal to Take Its Floating Solar Technology to Asian Markets
Norway’s Ocean Sun has signed a non‑binding memorandum of understanding with ACEN‑Silverwolf, a joint venture of ACEN Renewables International and Silverwolf Capital, to bring its floating solar technology to Asian markets. The MoU outlines a strategic framework for utility‑scale installations...
US Vessel Reflagging to Vanuatu Before Assignment in Honduras
TDI‑Brooks is moving its 2003‑built oceanographic vessel Miss Emma McCall from the United States to a Vanuatu flag before it reaches Roatán, Honduras, for a final reflagging step. Once the flag change is complete, the 153‑metre ship will sail to...
China Puts ‘World’s First’ Offshore Wind-Powered Underwater Data Center Into Operation
China’s Lingang Special Area has commissioned the world’s first offshore wind‑powered underwater data center, a project launched in June 2025 and fully operational by February 2026. The facility began as a 2.3 MW demonstration unit and will scale to 24 MW, delivering up to...
ADES’ 2014-Built Rig Turns One-Year North Sea Gig Into Three-Year Drilling Job
ADES Holding Company, part of Saudi‑based ADES Group, secured a contract extension for its 12‑year‑old Shelf Drilling Winner jack‑up rig with Tenaz Energy in the Dutch North Sea. The extension converts the original one‑year firm term into a three‑year firm...
Yinson Production and PTSC Lock in Financing for Southeast Asian Gas Project’s FSO
Singapore‑based Yinson Production, a subsidiary of Malaysia’s Yinson Group, and its joint‑venture partner PTSC have secured multimillion‑dollar financing to begin partial construction of a new‑build floating storage and offloading (FSO) vessel. The FSO will be stationed at the Block B gas...
Velesto Lines up Multi-Well Offshore Rig Job in Southeast Asia
Malaysia’s Velesto Energy has landed a charter contract with Hibiscus Oil & Gas to provide a jack‑up rig for a 2026 offshore drilling campaign. The agreement, Velesto’s first asset‑light arrangement, includes drilling eight plug‑and‑abandonment wells, one exploration well and up...
Azerbaijan Kicks Off Offshore Wind Measurement Campaign with LiDAR Deployed in Caspian Sea
EOLOS Floating LiDAR Solutions has deployed its Stage‑3‑accredited FLS200 floating LiDAR buoy at Azerbaijan Green Energy Company’s offshore wind site in the Caspian Sea, marking the region’s first such measurement campaign. The one‑year effort, backed by Azerbaijan’s Ministry of Energy,...
DNO in the Clear for Drilling Ops with Odfjell Drilling-Managed Rig
Norway’s oil and gas producer DNO has secured regulatory approval from Havtil to commence production drilling at the Marulk field in the Norwegian Sea using the Deepsea Yantai semi‑submersible rig managed by Odfjell Drilling. The Marulk field, discovered in 1992 and...
Petronas Picks Local Tubular Running Services Provider for Next Five Years
Petronas has awarded a five‑year tubular running services contract to Destini Oil Services, the energy arm of Malaysia’s Destini Group. The agreement, effective 30 March 2026 through 29 March 2031, lets Destini deploy its local assets and workforce to deliver cost‑efficient solutions for the...
Norwegian Oil & Gas Cash Flow Surpasses $74 Billion as Investment Bill Hits $30.71B
Norway’s petroleum sector generated a net cash flow of roughly $74.4 billion in 2026, up from $72.0 billion in 2025. Oil production hit 107 million standard cubic meters of oil equivalents, the strongest level since 2009, while total output on the Norwegian Continental...
TotalEnergies’ 750-Million-Barrel Project Offshore Namibia Targets First Oil in 2030
TotalEnergies is moving ahead with the Venus deep‑water oil project in Namibia’s Block 2913B, a discovery estimated to contain about 750 million barrels of recoverable oil and a Phase 1 production capacity of roughly 150,000 bpd. Front‑end engineering and design (FEED) has been completed...
Wavepiston Files Permits for Gran Canaria Wave Energy Pilot, Signs MoU in Iceland
Danish wave‑energy developer Wavepiston and Spanish partner Bluenewables have filed all required permits for a pilot wave‑energy farm on Gran Canaria’s northern coast, marking a key step toward commercial deployment. The firm also signed a memorandum of understanding with Icelandic...
Scottish Player Remains on Support Duty for Australian Offshore Drilling Ops Until 2036
Aberdeen‑based OEG has secured a multimillion‑dollar contract extension to support offshore drilling in Australia’s Bass Strait through the field’s expected end of life in 2036. The agreement tasks OEG with supplying and manufacturing 200 DNV‑certified cargo‑carrying units (CCUs) at its...
UK Firm Becomes Shareholder in Shipyard that Built Its USVs
ZeroUSV, a UK designer of uncrewed surface vessels, has taken a equity stake in the Manor Marine shipyard that built its four Oceanus‑12 USVs. The investment guarantees dedicated production capacity and paves the way for scaling the Oceanus class, including...
Dolphin Drilling’s 1990-Built Rig Scores North Sea Job as 1974-Built Semi-Sub Stays in India
Dolphin Drilling, the Oslo‑listed offshore contractor, landed a firm $150 million contract with Harbour Energy for its 1990‑built Paul B. Loyd Jr. semi‑submersible on the UK Continental Shelf, extending through 30 August 2030. The agreement adds a five‑year extension option and lifts the company’s firm backlog...
LNG Capacity Boost Emerging in Oceania as New Gas Project Gets the Green Light
Joint‑venture partners including Santos, ExxonMobil PNG and others have secured a final investment decision for the Agogo Production Facility (APF) tie‑in project in Papua New Guinea, targeting first gas in the second quarter of 2028. The development will add roughly...
Deadline Extended for Innovation Program Targeting Offshore Energy Solutions
The Offshore Renewable Energy Sustainability Alliance (ORESA) has pushed back the application deadline for its second innovation call to May 20, giving SMEs extra time to submit proposals. The call seeks technologies at Technology Readiness Levels 4‑6 across offshore wind, wave,...
NextGeo to Deploy Multiple Vessels for Central Mediterranean Campaign
Next Geosolutions (NextGeo) secured a €10 million (~$10.9 million) contract to conduct geophysical and unexploded ordnance (UXO) surveys for a subsea power‑cable project in the Central Mediterranean. The award covers multiple offshore and near‑shore vessels operating in two phases, with field work...
ScotWind Developers Fund Study to Find Out More About Minke Whale Activity
ScotWind developers have financed a two‑year passive acoustic monitoring study to map minke whale activity in Scotland’s Southern Trench Marine Protected Area. Led by the Scottish Association for Marine Science, the project has installed broadband recorders at three sites to...
OneSubsea Targets Next-Gen Technologies with Purchase of Norwegian Subsea Business
OneSubsea, the joint venture of SLB, Aker Solutions and Subsea7, has completed the acquisition of the subsea business of Norway's Envirex Group. The deal expands OneSubsea's portfolio with Envirex’s specialized umbilical‑less and wireless technologies, enhancing its ability to deliver next‑generation...
Weatherford Picks up New Jobs with Noble and Constellation Oil Services
Weatherford International secured multiple managed pressure drilling (MPD) contracts with Noble Corporation and two separate agreements with Brazil’s Constellation Oil Services. The Noble awards include two deep‑water MPD systems for Guyana and a global aftermarket deal covering the entire fleet,...
Wave Data Campaign in Martinique Paves the Way for Wave Energy Pilot
Wavepiston has launched a 12‑month wave‑data collection campaign on Martinique’s east coast to assess the island’s Atlantic wave resource. The effort, funded with €63,000 (≈$69,000) from France’s ADEME, follows a 2023 partnership with YS EMD and adds CreOcean as a technical...
Wison New Energies’ Internal Turret FPSO Design Wins Endorsment From Lloyd’s Register
Wison New Energies (WNE) received an Approval in Principle from Lloyd’s Register for its new harsh‑environment internal turret FPSO design. The endorsement validates the concept‑stage review and marks a key technical milestone for a standardized floating production system. WNE says...
LNG Vessel Pair Enriches MISC’s Fleet
MISC Group, a Petronas affiliate, announced the naming of two new‑generation LNG carriers—Seri Dian and Seri Dayang—built by Hanwha Ocean. Each vessel holds 174,000 cbm of LNG and incorporates smart, energy‑efficient technologies such as the ICER exhaust‑recycling system and a low boil‑off containment...
Local Private Firm to Deliver SURF EPCI for Indonesian Gas Project
West Natuna Exploration Limited, a Conrad Asia Energy subsidiary, awarded Indonesian contractor Timas Suplindo an engineering, procurement, construction and installation (EPCI) contract for the subsea umbilical, flowline and riser (SURF) scope of the Mako gas project in the Natuna Sea....
Seatrium and ABS Join Forces to Advance Maritime and Offshore Energy Spheres
The American Bureau of Shipping (ABS) and Seatrium Technology and Innovation have signed a memorandum of understanding to accelerate innovation, regulatory alignment, and sustainable technologies in maritime and offshore energy. The partnership will facilitate knowledge exchange, technical collaboration, and support...
SPIE Secures Cable Termination Work on Poland’s Bałtyk 2 & 3 Offshore Wind Farms
SPIE Global Services Energy has been awarded a contract by Seaway7 to perform inter‑array cable termination and testing for Poland’s Bałtyk 2 and Bałtyk 3 offshore wind farms. The work, handled by SPIE’s Wind Connect unit, will begin in the second quarter...
US Program Selects 34 Marine Energy Projects for Technical Support in Record $4.8M Round
The U.S. Department of Energy’s Testing Expertise and Access to Marine Energy Research (TEAMER) program approved a record‑setting 34 marine‑energy projects, allocating more than $4.8 million in technical support. Managed by the Pacific Ocean Energy Trust, the 17th Request for Technical...
Murphy Oil Edging Closer to Bringing Online Projects in US Gulf and Vietnam
Murphy Oil announced that its Chinook #8 well in the U.S. Gulf of Mexico is on track for first oil in the second half of 2026, targeting an initial 15,000 boepd. The company also confirmed development plans for the Banjo and...
Australian Offshore Production License Paving the Way for First Gas in 2028
Amplitude Energy, formerly Cooper Energy, obtained production licence VIC/L37 for the undeveloped Annie gas field in Victoria’s Otway Basin. The licence enables field‑development work with first gas slated for 2028, destined for Australia’s east‑coast domestic market. The approval follows recent...
Substitute Engine Parts Cause of Fire on Board UK Survey Vessel, Report Says
The Marine Accident Investigation Branch found that a fire on the UK‑flagged survey vessel Kommandor Susan in January 2025 was triggered by substitute bearings installed during a 2019 engine overhaul. The non‑OEM parts wore prematurely, causing a diesel generator failure, a total...
Valaris’ Batch of Rig Deals Lifts Total Contract Backlog to $4.9 Billion
Valaris, the Bermuda‑incorporated offshore drilling contractor, announced a series of new rig contracts and extensions in Brazil, Brunei, Indonesia, and the UK/Danish North Sea, lifting its total contract backlog to about $4.9 billion, up from $4.7 billion in February. The biggest addition...
Shell and Kosmos Put US Gulf Hydrocarbon Prospect on Their 2027 Drilling Agenda
Shell and Kosmos Energy have cemented a strategic alliance to explore ten blocks in the U.S. Gulf of Mexico, targeting the high‑potential Trailblazer prospect. Trailblazer is estimated to hold roughly 200 million barrels of oil equivalent and is slated for spudding...
EnerMech Joins Subsea7 on Mexico’s First Deepwater Oil Project
EnerMech has secured a subsea pre‑commissioning contract from Subsea7 for Mexico’s first ultra‑deepwater oil development, the Trion project. The field sits 180 km offshore in the Perdido Fold Belt at water depths of 2,500‑2,600 m and will host 24 subsea wells tied...
North Sea Field’s Start-Up Augments Europe’s Gas Arsenal 48-Years After Discovery
Equinor and Orlen Upstream Norway have brought the Eirin field online, a North Sea discovery made in 1978 that was only now developed as a subsea tie‑back to the electrified Gina Krog platform. The field will supply roughly 270 million cubic metres...
Helix Energy Solutions Drops Shallow Water Business in Shift Toward Deeper Waters
Helix Energy Solutions sold its Gulf of America shallow‑water abandonment unit to C‑Dive for $107.5 million cash, closing on May 1. The divestiture enables Helix to concentrate on deep‑water well intervention, de‑commissioning, robotics and related offshore services. The deal aligns Helix with...
NextGeo’s Contract with Saipem Offshore Libya Increased by €4-6 Million
Italy’s Next Geosolutions (NextGeo) announced on May 4 that Saipem has expanded its offshore contract for the Bouri Gas Utilisation Project (BGUP) in Libya. The original €70 million ($75.6 million) agreement now includes an additional €4‑6 million ($4.3‑$6.5 million) for survey and installation support, and...
Prosafe Set on Securing ‘Follow-On’ Vessel Work
Prosafe reported a strong first‑quarter 2026 fleet utilisation of 79%, a sharp rise from the 42% recorded in March. The Safe Eurus vessel achieved near‑100% commercial uptime on a Brazil contract, while Safe Zephyrus and Safe Notos completed scheduled surveys...
Fast-Tracking Approvals Process Key to Unlocking Australia’s New Oil & Gas Projects
Australian Energy Producers praised Opposition Leader Angus Taylor’s pledge to fast‑track approvals for oil and gas projects, arguing that quicker permits are essential to avoid future gas shortfalls. The industry also welcomed the Coalition’s plan to reinstate the Junior Minerals...
Woodside in the Clear for Plug & Abandonment Ops Offshore Australia
Woodside has secured NOPSEMA approval for its environmental plan to permanently plug and abandon three subsea exploration wells in the Julimar‑Brunello licence (WA‑49‑L) off Western Australia, with a contingent remediation of non‑water‑based mud in a fourth well. The operation will...
Gulf LNG Export Woes Push Gas Prices up but Diversification Becomes Europe’s Energy Lifeline
The Middle East conflict halted roughly 80 mtpa of Gulf LNG exports, creating a supply shock that could have driven European gas prices sky‑high. Instead, Europe’s diversified fuel mix—new 40 mtpa of LNG capacity, over‑60% renewable penetration in Spain, and expanding battery...
EnBW Awards Offshore Wind Subsea Inspection Contracts to RS Diving
EnBW has awarded framework agreements to RS Diving for subsea inspection services across its Baltic Sea and North Sea offshore wind farms. The contracts, valued at over €7.2 million (approximately $7.9 million), cover ROV‑based visual and functional inspections of turbine foundations and...
Oil & Gas Firms Step up Exploration Game to Tackle Supply Shortfall by 2050
Global exploration and production firms face an estimated 40% output decline and a 300‑billion‑barrel supply gap by 2050. Wood Mackenzie reports that the 30 largest E&P companies are boosting ultra‑deepwater frontier exploration to offset the shortfall. The sector generated $120 billion...
Recently Established Green Methanol Collaboration Broadens Its Scope
Venture Energy Limited, a Hong Kong clean‑fuel trader, has broadened its newly‑formed partnership with Shanghai Shenji Energy & Environmental Technology. The expanded agreement moves beyond spot‑trade purchases of ISCC‑EU‑certified green methanol to medium‑ and long‑term offtake, pilot bunkering, a dedicated trading...