Category 5 Storm Makes Damage to Oil Field Offshore Western Australia
Jadestone Energy reported that Cyclone Narelle, a Category 5 storm with winds over 200 km/h, damaged its Stag offshore oil field in Western Australia. The company shut down the platform on March 23, demobilised it, and discovered damage upon return on March 28. Jadestone is assessing repairs but says insurance and existing safeguards mean no material impact on its current‑year cash flow. Before the shutdown, the field produced roughly 2,000 barrels of oil per day and no hydrocarbons were released.
Venture Global and Edison Put LNG Arbitration Battle Behind Them
Venture Global and Italy’s Edison have signed a commercial agreement that ends their LNG arbitration over the Calcasieu Pass project, with the settlement expected to close by the end of Q2 2026. The deal adds extra cargoes for Europe, beginning with...
WATCH: FLNG Mooring System Slides in Place Offshore Congo
France’s marine contractor Geocean, together with China’s Wison New Energies, has completed the installation of a floating LNG (FLNG) mooring system in the Marine XII block off Congo’s Pointe Noire. The operation placed driven anchor piles, a submerged swivel and yoke,...
New Joint Project Aims to Bring Subsea Chemical Storage Technology to Deployment
Oilfield services firm NOV has launched a joint industry project with Equinor and Petrobras to qualify a subsea chemical storage unit up to 200 m³ for field deployment. The initiative aims to cut topside footprint, reduce vessel usage, and support long...
Third Train on the Cards for LNG Project, Unleashing More Australian Gas
Japan’s Inpex and U.S. firm Formentera have formed a joint venture to develop the Beetaloo Basin’s shale gas, acquiring 68,000 net acres for $208 million with an option for up to 75,000 more acres at $266‑$411 million. The partnership will feed a...
Go-Ahead for North Sea Drilling Ops with Saipem’s Rig
Norwegian authorities have approved Aker BP to commence exploration drilling on the Norwegian Continental Shelf using Saipem’s Scarabeo 8 semi‑submersible rig. The consent covers well 36/4‑2 in block 36/4 under production licence 1153, which runs until 2030, and a pilot hole 35/10‑U‑1 in licence 1182S...
New Oil & Gas UK Offshore Hub for Serica with TotalEnergies’ Assets in the Bag
Serica Energy completed a $25.6 million purchase of a 40% operated interest in the Greater Laggan Area (GLA) and related infrastructure from TotalEnergies, adding over 5,000 barrels of oil equivalent per day (boepd) to its output. The GLA holds roughly 4.0 mmboe...
Woodside Delays Lower-Carbon Ammonia Production From Recently Taken-Over Facility
Woodside Energy completed its $2.35 billion acquisition of OCI Clean Ammonia and took operational control of the Beaumont New Ammonia (BNA) plant in Texas. The facility, capable of producing 1.1 million tonnes of ammonia annually, began commercial output in December 2025. Lower‑carbon ammonia...
Kawasaki and JFE Engineering Pick up Work on Japanese LNG Project
Kawasaki Heavy Industries and JFE Engineering’s joint venture has secured a contract to expand the Sakaide LNG terminal in Kagawa Prefecture. The project adds a 180,000‑kiloliter above‑ground PC tank and associated vaporizers, slated for operation by 2031. The expansion aims...
New Asian Block Expands UAE Oil & Gas Player’s Andaman Sea Footprint
UAE‑based Mubadala Energy has secured the Southwest Andaman exploration block off Indonesia, marking its fifth concession in the Andaman Sea. The 100% operated production sharing contract under Indonesia’s Gross Split scheme adds to its multi‑TCF discoveries in the deep‑water basin....
DNV’s New Recommended Practice Focuses on Hydrogen-Specific Risks in Offshore Pipelines
DNV released the recommended practice DNV‑RP‑F123, a guideline for designing, operating, and re‑qualifying offshore hydrogen pipelines. The document expands on the legacy DNV‑ST‑F101 standard by addressing hydrogen‑specific integrity issues such as embrittlement and material suitability. Developed through the five‑year H2Pipe...
First Hornsea 3 OWF Offshore Export Cable in Place
Ørsted announced that the first offshore export cable for the Hornsea 3 wind farm has been successfully laid and pulled ashore. The 680 km bundle, comprising two HVDC lines and a fiber‑optic link, is being installed by Jan de Nul and will be completed...
CoolCo’s Nine LNG Vessels Sport Revamped Propulsion Drives
ABB upgraded the propulsion drives on CoolCo’s nine LNG carriers, replacing frequency converters and control electronics with its latest Universal Control Unit platform. The modular retrofit adds more than ten years to each vessel’s operational life while keeping dry‑dock time...
Ofgem Shortlists Five Bidders for Three UK Offshore Wind Transmission Assets
The UK regulator Ofgem has shortlisted five bidders for Offshore Transmission Owner (OFTO) Round 13, targeting the transmission links of the East Anglia Three, Inch Cape and Dogger Bank C offshore wind farms. The three assets, comprising cables, converter stations and substations, are valued at...
€693 Million Financing to Support UK’s Subsea Electricity Superhighway
ScottishPower, owned by Iberdrola, secured £600 million (≈$770 million) financing from the UK National Wealth Fund to build the Eastern Green Link 4 (EGL4) subsea electricity superhighway. The 2‑GW HVDC link will stretch 530 km from Fife to Norfolk, delivering enough power for about...
German TSO Makes Order for Four Cable Storage Carousels
German transmission system operator 50Hertz has signed a framework contract with Subsea Cable Assets (SCA) to supply four cable storage carousel systems. The agreement covers engineering, manufacturing, delivery, installation and commissioning, including all loading equipment. The deal was secured through...
North Sea Oil Discovery Adds Low-Cost Barrels for OKEA with Resource Estimate Boost
OKEA increased its recoverable resource estimate for the Talisker West discovery near its Brage field from 19 to 28 million barrels of oil equivalents. The combined recoverable volumes from the Statfjord and Cook formations now range between 23 and 44 mmboe, with...
‘Supermajor’ Hires Flex LNG’s Vessel on Multi-Year Gig
Flex LNG has secured a new time charter for its 2020‑built Flex Aurora LNG carrier with an unnamed supermajor. The agreement guarantees a minimum two‑year firm period and includes optional 2‑year extensions that could stretch the contract to eight years,...
Vallourec Scores Five-Contract Win in Indonesia
French tubular solutions maker Vallourec announced a five‑contract win in Indonesia, covering roughly 36,000 tons of premium OCTG products. The orders, signed across February and March, will support about 140 offshore and deep‑water wells. All pipes will be heat‑treated and threaded...
Valaris Drillship Spins the Drill Bit at Equinor’s $9 Billion Brazilian Gas Project
Equinor has launched the drilling phase of its $9 billion Raia gas project off Brazil’s coast using Valaris' DS‑17 drillship. The campaign targets six pre‑salt wells in 2,900‑meter water, aiming for first gas production by 2028. The development will export up...
$4 Billion LNG Lawsuit Going Ahead as Arbitration Starts
Singapore‑based Sinolam International has launched a $4 billion arbitration claim against Panama under the Panama‑Singapore free trade agreement, alleging unlawful cancellation of a 441 MW LNG‑to‑power project license. The dispute, filed with the International Centre for Settlement of Investment Disputes (ICSID), stems...
Taiwanese Wave Energy Project Secures Land Lease
Eco Wave Power’s 100 kW onshore wave‑energy pilot in Taiwan has secured a five‑year land lease at Suao Port, with an option to extend. The lease covers 6.75 hectares of the southern outer breakwater, specifically Zone C (2.25 ha) designated for testing. The agreement, signed by...
Aker BP and Armada Bring Offshore Modular Data Center to Norwegian Drilling Scene
Aker BP and edge‑infrastructure firm Armada have signed an agreement to install Armada’s Galleon modular data center on an offshore drilling rig in the Norwegian Continental Shelf. The edge platform will process drilling and operational data locally, allowing AI models...
Fresh LNG Gig in Africa Lands on Spanish Player’s Worksheet
Spain’s Reganosa has secured a project‑management consultancy contract to oversee construction of a new LNG import terminal in Dakar, Senegal. The terminal will feature a 137,000‑cubic‑meter floating storage unit, quay‑based modular regasification, and later on‑shore expansion including truck‑loading bays and...
BP and ADNOC’s JV Ready to Kick Off Mediterranean Gas Hunt with Valaris Rig
BP and its UAE partner ADNOC, through the Arcius Energy joint venture, are launching a multi‑well drilling campaign off Egypt’s Mediterranean coast using Valaris’s DS‑12 drillship. The campaign will target two exploration wells, Atoll West and Nofret, as part of...
TGS Wraps up Three-Year GeoStreamer X Campaign Off Norway
TGS has completed a three‑year GeoStreamer X (GSX) acquisition and processing campaign in the Norwegian Sea, delivering the final Dual Azimuth seismic products to its multi‑client base. The effort adds more than 21,500 km² of high‑resolution, multi‑client data to TGS’s licensing portfolio,...
Kiewit on Module Fabrication Duty for Lone Star State’s $5.7 Billion LNG Project
Texas LNG Brownsville, a $5.7 billion export project, has appointed Kiewit Offshore Services to fabricate its liquefaction, pretreatment and pipe‑rack modules at the company’s Ingleside, Texas yard. The decision keeps module production in‑state, sidestepping tariffs, heavy‑lift shipping and Panama Canal transit...
SBM Offshore Interview: Advancing Future-Ready FPSOs Through Standardization, Robotics, AI and Lower‑carbon Solutions
SBM Offshore’s COO Alex Glenn detailed the Fast4Ward program, which shifts the company from bespoke FPSO designs to a standardized, modular, data‑driven model. The initiative introduces pre‑engineered hulls and topside modules, cutting delivery schedules by up to a year and...
Wales Introduces New Deal to Drive Its Renewable Energy Potential
Wales has unveiled a Renewable Energy Sector Deal to accelerate its clean‑energy transition. The plan sets a 70% renewable electricity share by 2030 and 100% by 2035, with a target of 1.5 GW locally owned capacity by 2035. It spans on‑shore...
ACSM’s Offshore Support Vessel Undergoing ‘Major’ Upgrade
ACSM, now part of the Prysmian Group, is refitting its 2003‑built offshore support vessel Genesis at a Portuguese shipyard. The upgrade includes a Heila active‑heave‑compensation crane and enhancements to its 200 HP UHD WC ROV system. At 90.20 meters, Genesis will continue...
Offshore Vessel Charging Tech Developer Plans Commercial Rollout in UK
Stillstrom, the Maersk‑backed offshore charging specialist, has launched a dedicated UK entity in Aberdeen to commercialise its eCharger system for service operation vessels. After years of development and full‑scale trials in 2024, the solution is now ready for operational deployment...
Japanese Player to Pour $500 Million Into EIG’s LNG Business
Tokyo‑based Idemitsu Kosan is committing $500 million to EIG’s MidOcean Energy, marking its first major step toward a full‑scale presence in the liquefied natural gas market. The investment gives Idemitsu access to MidOcean’s portfolio of LNG projects in Australia, Canada and South...
Transocean, Noble, COSL, Seadrill, and Valaris Pinpointed as Rig Backlog Powerhouses
Westwood Global Energy’s latest RigLogix analysis identifies Transocean, Noble, COSL, Seadrill and Valaris as the five offshore drilling firms holding the largest floating‑rig backlog for 2026. The overall backlog fell 25% in 2025 versus 2024, largely because Brazil awarded few...
MOL Buying Into Deutsche Offshore Schifffahrt and Newbuild C-CSOVs
Mitsui O.S.K. Lines (MOL) is purchasing a stake in Deutsche Offshore Schifffahrt, the Hamburg‑based joint venture with Schoeller Holdings, and acquiring shares in four construction‑commissioning service operation vessels (C‑CSOVs) under construction. The vessels, ordered from China’s CSSC Huangpu Wenchong Shipbuilding,...
Clearance in Place for Work on Southeast Asian FSRU to Move Forward
Gas Malaysia has secured a Letter to Proceed from Malaysia’s Energy Commission, clearing the way for the offshore RGT Yan floating storage and regasification unit (FSRU) project in Kedah. The FSRU is designed to handle up to 6 mtpa of LNG,...
Trio Enlarges Their Slices of Two Angolan Offshore Blocks
Afentra, Maurel & Prom and Angola’s Sonangol E&P have signed a new sale‑and‑purchase agreement to acquire Etu Energias’ stakes in offshore blocks 3/05 and 3/05A. Afentra will obtain a 3.33% interest in Block 3/05 and a 3.66% interest in Block 3/05A for a $15.2 million upfront payment, with up...
New Asian Oil & Gas Explorer Emerges From Triangle Energy’s Spin Out Move
Triangle Energy announced the creation of Tetragon Energy, a spin‑out that will house its Philippine oil and gas assets, including three petroleum service contracts in the Sulu Sea and Cagayan Basin. The Australian firm will inject $1.5 million of seed capital...
New Partnership Targets Multi-Fuel Reforming System Pilot
Shipping innovators Lomarlabs and Blaze Energy have teamed up to pilot the Flex‑Fuel Reformer, a third‑generation compact onboard system that converts ammonia, methanol or LNG into hydrogen for multi‑fuel engines. The reformer will be installed on a Lomar vessel, with...
Brazilian Oil & Gas Firm in the Clear for 14-Well Offshore Drilling Campaign
Brazilian oil producer PRIO, formerly PetroRio, secured an Ibaba amendment allowing up to 14 new wells in the Frade field of the Campos basin. The approval follows an operating licence for the Wahoo field, where PRIO will drill six wells—four...
European Client First to Use Exail’s 9-Meter USV for Civil Offshore Operations
Exail has completed its first civil offshore sale of the 9‑meter DriX H‑9 uncrewed surface vessel to an undisclosed European client. The USV is fitted with a multibeam echosounder, side‑scan sonar, sub‑bottom profiler and magnetometer for comprehensive offshore infrastructure surveys. With...
Wheels up for Petrobras to Become Sole Owner of Brazilian Offshore Fields
Petrobras exercised its pre‑emptive right to buy Petronas' 50 % stake in the Tartaruga Verde field and Espadarte Module III, returning the assets to full ownership. The $450 million transaction, payable in installments, will give Petrobras 100 % control and operator status over the...
FEED Contract Marks Step Forward in Mediterranean’s First CO2 Storage Project
Kent has secured a front‑end engineering design (FEED) contract with EnEarth to develop Greece’s first dedicated CO₂ storage facility at the Prinos offshore field. The project will initially inject 1 MtCO₂ per year, scaling to 2.8 MtCO₂ annually by 2029, and includes...
‘Largest and Heaviest’ Part of $5.1B LNG Development Reaches Canadian Shores (Gallery)
Woodfibre LNG received its largest liquefaction module, weighing over 10,800 metric tonnes, at the Squamish‑area project site. The module, the 15th of 19, will cool natural gas to –162 °C using Siemens electric‑drive technology powered by British Columbia’s renewable grid. The...
N-Sea’s Hybrid, Biofuel-Ready Vessel Starts Sea Trials
Hybrid survey and ROV support vessel Geo Master has entered sea trials, marking the next step toward commercial deployment. The vessel, built by Neptune Construction in the Netherlands, is bio‑fuel ready and will operate under a long‑term charter with Mainport...
Seadrill’s CCO Steps Into CEO Role
Seadrill announced that its Chief Commercial Officer, Samir Ali, will assume the role of President and Chief Executive Officer, replacing Simon Johnson effective immediately. Ali, who joined Seadrill in August 2022, previously held senior positions at Diamond Offshore, Bain Capital,...
To Back Make American Shipbuilding Great Again Initiative, South Koreans Open Research Hub in US
Samsung Heavy Industries and San Diego State University have inaugurated the SHI‑SDSU Advanced Maritime Center (SSAM) in San Diego, marking the first Samsung research hub on U.S. soil. The facility will fuse SHI’s shipbuilding expertise with SDSU’s strengths in AI,...
OneSubsea to Buy Norwegian Firm’s Subsea Business
OneSubsea, the joint venture of SLB, Aker Solutions and Subsea 7, announced the acquisition of the subsea business of Norway‑based Envirex Group. The deal is designed to broaden OneSubsea’s technology and R&D capabilities and expand its portfolio of next‑generation subsea services....
Worley Embarks on More FEED Work for Cypriot Gas Development
Australian engineering firm Worley has been selected by Chevron to deliver front‑end engineering design (FEED) and procurement services for Cyprus’s inaugural offshore gas project, the Aphrodite field. The scope covers subsea systems, a floating production unit, export pipeline and onshore...
Shell and TPAO Welcome OMV Petrom as Partner in Black Sea Exploration Project
Shell, Turkey’s TPAO and OMV Petrom have formed a consortium to explore the Han Tervel offshore block in the Bulgarian Black Sea. OMV Petrom will hold a 25% stake, joining Shell (42% operator) and TPAO’s TPOC (33%). The farm‑in agreement is signed, pending...
Eco Atlantic Augments Oil & Gas Portfolio with New Acquisition
Eco Atlantic has agreed to acquire the remaining shares of JHI Associates for approximately $52.3 million, issuing up to 96.3 million new common shares that could represent about 21.8% of its post‑transaction capital. The deal grants Eco a 35% working interest in...
