After LNG Vessel Deal, Dubai-Based Firm Orders Four New VLGCs to Enrich LPG Fleet
Dubai‑based energy trader BGN has placed an order for four new dual‑fuel very large gas carriers (VLGCs) with Hyundai Heavy Industries, with delivery expected by 2029. Each vessel will hold 90,000 cubic metres of cargo and can operate on traditional fuels as well as low‑emission options such as ammonia. The order follows BGN’s recent ten‑year LNG carrier charter with Capital Clean Energy Carriers, marking a broader push into cleaner‑fuel transport. The move underscores BGN’s strategy to diversify its fleet while meeting tightening environmental standards.
How Smarter Video Security Protects Offshore Energy Assets
Offshore energy operators are increasingly deploying AI‑enabled video security to protect wind farms, oil rigs and related platforms. These smart cameras can identify fires, chemical leaks, equipment malfunctions and unauthorized vessels before traditional alarms trigger. Integrated with radar, thermal sensors...
OKEA Sheds Its Stake in Norwegian Gas/Condensate Discovery
OKEA has entered a sale‑and‑purchase agreement with Japex Norge to divest its 20% working interest in the PL1119 licence, which hosts the Mistral gas‑condensate discovery, for a fixed $30 million plus contingent upside. The transaction, effective 1 January 2026, is slated to close...
Probe Underway as Rig Ops Come to a Standstill After Blowout Preventer Drop
Odfjell Drilling reported that its 17‑year‑old Deepsea Atlantic semi‑submersible lost its blowout preventer (BOP) to the seabed at about 1,100 metres on April 18, halting all drilling activity. The rig, operating for Equinor on the Norwegian Continental Shelf, remained secure and no...
Three-Party Union in Singapore Targets Low-Carbon Ammonia as Marine Fuel
A three‑party partnership between NYK Bulkship (Asia), Singapore bunker supplier Golden Island, and Yara Clean Ammonia has signed a non‑binding term sheet to explore low‑carbon ammonia as a marine fuel. The alliance leverages NYK’s fleet of over 900 vessels and...
World’s First Global Shipping Carbon Price Talks Back at UN’s Bargaining Table
The International Maritime Organization’s Net‑Zero Framework, which pairs a global carbon price with fuel‑standard mandates, is back on the UN agenda after a narrow 2023 vote blocked its adoption. The United States, Saudi Arabia, Russia and other petro‑states oppose the...
Dajin, Zhengli Eye Vessel Retrofit for European Offshore Wind Market
Dajin Heavy Industry and Zhengli Marine Engineering have signed a strategic cooperation framework to retrofit Zhengli’s 3,500‑ton offshore wind installation vessel for the European market. The partnership will evaluate feasibility, pursue joint R&D, and target long‑term market expansion across Europe....
US Company Granted Offshore Wind Survey License in Vietnam
Pacifico Energy, a U.S. renewable developer, received a site‑survey license for a 500 MW offshore wind project off Ho Chi Minh City. The permit, issued by Vietnam’s Ministry of Agriculture and Environment, is one of the first granted to a foreign firm under...
‘World’s First’: Methane Removal System Debuts at Sea
U.S.-UK partnership between climate‑tech firm Bennu Climate and Lomarlabs has launched the first at‑sea pilot of a methane‑removal system on a 57,000‑dwt supramax bulk carrier. The 50 kg, one‑cubic‑metre photochemical unit destroys fugitive methane during normal voyages, building on dockside tests...
Vessel Brings over Half a Billion Gallons of US LNG to Puerto Rico
The American Energy, the first U.S.-flagged LNG carrier dedicated to Puerto Rico, completed its first year of service in March 2026 after delivering more than 500 million gallons of U.S.-sourced liquefied natural gas. The volume is enough to power about 1.2 million homes...
TGS to Support Exploration Activity in Equatorial Guinea with Seismic Data
Norwegian data firm TGS has inked a strategic agreement with Equatorial Guinea to acquire, process and re‑process offshore seismic and geophysical data. The deal introduces broadband GeoStreamer multi‑sensor surveys across the Rio Del Rey and Rio Muni basins, complementing a MegaSurvey framework that...
Catching the Harmonic Breeze: Inpex Charts LNG Fleet’s Course with New Carrier
Inpex Shipping has signed a long‑term time charter with MOL Encean for a newly built LNG carrier, Harmonic Breeze, currently under construction at Hanwha Ocean’s Geoje shipyard. The vessel, featuring a 174,000 cubic‑metre membrane containment system, is slated for delivery in...
Fugro Unveils New ROV Test Pool in Singapore
Fugro has opened a new remotely operated vehicle (ROV) test pool in Singapore, providing a controlled environment for functional testing, system integration, and calibration before offshore deployment. The facility aims to identify technical issues early, validate performance against design requirements,...
Stena Drilling’s Drillship Finds Job in Greece
Stena Drilling has secured an exploratory drilling contract for its 2008‑built drillship Stena DrillMAX with Energean Hellas, marking Greece’s first deep‑water offshore well. The well, slated for early 2027 in Block 2 of the Northwestern Ionian Sea, will require managed pressure drilling....
UAE Firm to Enrich Fleet with Two LNG Carriers by 2027, First Vessel Deal Now in the Bag
Dubai‑based BGN has entered a joint venture with Capital Clean Energy Carriers to charter the 174,000 cbm LNG carrier Amore Mio I for ten years, with an option to extend six more years. The vessel, slated for delivery in early 2027, marks BGN’s...
Sea1’s Offshore Energy Support Vessel Getting Lights From Glamox This Month
Sea1 Offshore is equipping four 120‑meter offshore energy support vessels built in China with 8,000 marine‑grade LED lights from Norway’s Glamox, beginning with a delivery in April 2026. Each vessel will receive roughly 2,000 energy‑efficient luminaires covering exterior floodlights and...
CCS Exploration Drilling Ops Cleared for Launch Offshore Japan
Japan’s Metropolitan CCS joint venture—partnered by Inpex Corp. and Kanto Natural Gas Development—has received approval from the Ministry of Economy, Trade and Industry to commence offshore exploratory drilling off Kujukuri in Chiba Prefecture. The first well, Kujukuri‑Oki A, is slated to...
Samsung Heavy Industries Handpicks GTT for LNG Vessel’s Tank Design
Samsung Heavy Industries selected French specialist Gaztransport & Technigaz (GTT) to design the cryogenic tanks for a new 174,000 cubic‑meter LNG carrier. The vessel will use GTT’s Mark III Flex membrane containment system and is scheduled for delivery in 2029. The contract, booked in Q1 2026,...
Norway Eyes Enhanced Oil & Gas Recovery Projects to Boost Production
Norway’s Offshore Directorate (NOD) has launched a task force to fast‑track enhanced oil and gas recovery (EOGR) pilots on the mature Norwegian Continental Shelf. A prior Imperial College study put the theoretical upside at 350‑700 million standard cubic meters of oil...
Swedish Firm Looking to Deploy Its Hybrid Ocean Energy Platform in Costa Rica
Swedish renewable energy company NoviOcean has signed a memorandum of understanding with Costa Rican partner MIR Green Energy to study deployment of its 850 kW hybrid wave‑wind‑solar platform, the Medi Wave 850H, along the Pacific coast. The feasibility study will focus on three...
Vår Energi Unveils $360 Million Investment in Barents Sea Field
Vår Energi announced a $360 million investment to modify the Goliat Gas Export (GGE) project in Norway’s Barents Sea, extending the field’s operational life to around 2050. The plan adds a 12‑kilometre gas export pipeline and connects the FPSO Goliat to...
Exmar Embarks on FSRU Conversion Job for Dutch LNG Terminal
Exmar has started converting a dual‑fuel diesel‑electric membrane LNG carrier into a floating storage regasification unit (FSRU) for the EemsEnergyTerminal expansion in the Netherlands. The project includes a 750 MMscfd regasification plant, targeting a combined storage capacity of about 190,000 cubic metres...
AF Gruppen Buys Acteon Business to Expand Its Decom and Offshore Wind Offering
Norway’s AF Gruppen is buying Claxton, the Aberdeen‑based offshore decommissioning specialist owned by Acteon, for an enterprise value of about US$81 million. The deal adds Claxton’s 400‑person workforce, a £82 million (≈US$104 million) revenue stream and a fleet of surface and subsea riser equipment...
Job at US Gulf Coast LNG Project Comes Honeywell’s Way
Honeywell has been contracted to supply its coil‑wound heat exchanger (CWHE) and C3MR liquefaction process technology for NextDecade’s Rio Grande LNG Train 4 and Train 5 in Brownsville, Texas. The additional trains will lift the plant’s capacity from 18 mtpa to 30 mtpa, a...
TGS Wins Third Offshore Wind Contract for Summer Season in Europe
Norwegian data firm TGS has landed its third offshore wind site‑characterisation contract for the European summer, deploying its seismic vessel Ramform Vanguard. The agreement runs about one and a half months, with data acquisition slated to begin in the second...
WATCH: Aker BP Making Inroads at North Sea Oil & Gas Projects
Norwegian oil and gas producer Aker BP is advancing its North Sea portfolio, with the Valhall PWP‑Fenris development entering construction and a $6.6 billion investment slated for first gas in Q3 2027. The 1,000‑tonne MEG module has been completed and the Fenris...
Hull Assembly Starts for Asso.subsea’s New Cable Layer as Keel Is Laid
China Merchants Heavy Industry held the keel‑laying ceremony for Asso.subsea’s new shallow‑water cable‑laying vessel, Althea, on April 9 in Shenzhen, marking the start of hull assembly. The 12,000‑ton ship features up to three carousel cable divisions, a hybrid diesel‑battery power plant,...
Under €28M Contract, NextGeo to Survey Cable Route for New Italian Interconnection
Terna, Italy’s national grid operator, has awarded Next Geosolutions a contract exceeding €28 million (about $31 million) to conduct marine‑survey and environmental‑characterisation work for a new high‑voltage direct‑current (HVDC) interconnector linking Lazio and Lombardy. NextGeo will lead a temporary consortium holding roughly 84%...
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...
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...