Eni CCUS Holding Secures $670M Financing for CCS Projects
Eni CCUS Holding secured a financing facility of more than $670 million (about £500 million) from a syndicate of 13 international lenders, surpassing its original funding target. The capital will primarily back the Liverpool Bay carbon capture and storage (CCS) project in the UK’s HyNet industrial decarbonisation cluster, where over 30% of construction is already complete. The first phase is designed to store 4.5 million tonnes of CO₂ annually, scaling to 10 million tonnes by the 2030s, with operations slated for 2028. The facility also underwrites the L10‑CCS project in the Netherlands, the Bacton CCS project in the UK, and a potential 50% stake in Italy’s Ravenna CCS venture.
Sercel Nodal Technology Chosen by OGDC for Wireless Seismic Acquisition Project
Sercel announced a contract to supply OGDC, Pakistan’s largest oil‑and‑gas producer, with 12,000 WiNG wireless nodal units for a 3‑D seismic survey in the country’s south. The deal also adds 2,600 WiNG AFU analog nodes designed for buoy deployment in...
Weatherford Wins Deepwater Completions Contract Off Nigeria
Weatherford has been awarded a deep‑water integrated completions contract by Esso Exploration & Production Nigeria, an ExxonMobil affiliate, for offshore wells off Nigeria. The deal falls under Weatherford’s Well Construction and Completions portfolio and covers both upper and lower completions...
Aqua superPower, Tidal Transit Partner on Electric CTVs
Aqua superPower and Tidal Transit announced a strategic partnership to roll out electric crew transfer vessels (E‑CTVs) for ports serving offshore wind and other offshore infrastructure. Tidal Transit will build and operate the vessels while also handling offshore charging installations,...
Wison Starts Topsides Fabrication for Türkiye’s Sakarya Deepwater FPU
Wison New Energies has begun topsides fabrication of the floating production unit (FPU) for Turkey’s Sakarya Gas Field Phase 3. The double‑hull FPU, 282 m long and 54 m wide, is engineered for ultra‑deepwater conditions and will handle a gas export rate of...
Eco Wave Power to Explore AI-Driven Wave Energy Optimization
Eco Wave Power’s U.S. subsidiary has entered NVIDIA’s Inception program to accelerate AI‑driven enhancements across its wave‑energy portfolio. The partnership grants access to NVIDIA’s developer tools and training, enabling the firm to explore real‑time generation optimization, predictive maintenance, digital‑twin modeling,...
Eco Atlantic Advances Falklands Offshore Expansion with JHI Deal
Eco Atlantic announced that a court‑ordered acquisition of JHI Associates is in its final stages, following a unanimous 100% shareholder vote. Completion will grant Eco a 35% participating interest in the PL001 offshore license near the Falkland Islands and potential...
Viridien Kicks Off Multi-Client OBN Survey in North Sea’s Frigg Area
Viridien has launched a dense multi‑client ocean‑bottom‑node (OBN) survey in the Frigg area of the Central North Sea, covering 645 km² across UK and Norwegian waters. The project will use Viridien’s proprietary Time‑Lag Full‑Waveform Inversion processing to deliver ultra‑high‑resolution subsurface images....
Oil Climbs Above $110 After Gulf Drone Attacks Raise Supply Fears
Oil prices surged above $110 per barrel after drone attacks on the UAE nuclear plant and Saudi Arabia raised Gulf supply concerns. Brent climbed to $110.91 and WTI to $107.42, extending weekly gains past 7 percent. The rally was fueled...
BV M&O: More than Just Classification
Bureau Veritas Marine & Offshore (BV M&O) is positioning itself as more than a traditional classification society, offering deep technical insight for the AI‑driven, low‑carbon future of offshore and maritime operations. In a recent Offshore Engineer TV interview, VP of Sales &...
Seraya Partners Considers Sale, IPO for Offshore Wind Firm Cyan Renewables
Singapore‑based private equity firm Seraya Partners is exploring a dual‑track process for its offshore wind services subsidiary Cyan Renewables, weighing a sale or an initial public offering. The marine‑energy operator, valued at up to $2 billion, generates more than $100 million in...
ScioSense Launches UFC23 Ultrasonic Flow Converter for High-Precision, Ultra-Low-Power Smart Metering
ScioSense has introduced the UFC23, its fourth‑generation ultrasonic flow converter aimed at smart water, heat and gas meters. The device features a pure analog front‑end without an on‑chip CPU, delivering R1000‑class precision with a single‑shot standard deviation of 35 ps and...
UK Gives Consent to RWE, Masdar’s 3GW Dogger Bank South Wind Farms
RWE and Abu Dhabi’s Masdar have secured UK planning consent for the 3 GW Dogger Bank South offshore wind projects. The Development Consent Order, signed by Lord Whitehead on behalf of the Energy Secretary, covers two 1.5 GW phases—South East and South...
UAE Speeds Up Pipeline Project to Help Bypass Hormuz
The United Arab Emirates has ordered the fast‑track construction of the West‑East oil pipeline, aiming to double its Fujairah export capacity by 2027 and provide a reliable bypass of the Strait of Hormuz. Crown Prince Sheikh Khaled bin Mohamed bin...
Cadeler Installs First Monopile at Ørsted’s Hornsea 3 Offshore Wind Farm
Cadeler has installed the first of 197 monopile foundations at Ørsted’s Hornsea 3 offshore wind farm in the UK, using its purpose‑built A‑class vessel Wind Ally. The project, which will reach 2.9 GW capacity and supply power to over 3.3 million homes, marks Cadeler’s...
Türkiye Targets First Offshore Wind Tender as 2026 Set to Be 'Year of Wind'
Turkey's Energy and Natural Resources Ministry announced its first offshore wind Renewable Energy Resource Area (YEKA) tender after completing permits for four sites. The locations—Saros Bay, Gökçeada, Bozcaada and Edremit—are intended to help the country achieve 5 GW of offshore wind...
Norway O&G Revenue Forecast Jumps 30% for '26
Norway’s government raised its 2026 oil and gas revenue forecast by 30%, projecting 721.1 billion crowns (about $78.7 billion) after higher energy prices sparked by the Iran‑Russia conflict. The ministry now expects crude oil to average $91 per barrel and natural gas...
India's Adani Ports Pumps $1.36B in Expansion
India’s Adani Ports announced a $1.36 billion expansion with U.S. engineering firm Oceaneering International, aiming to launch a 200‑vessel offshore fleet and generate $627 million in marine revenue by fiscal 2031. The move expands the group’s European footprint and diversifies its portfolio...
QatarEnergy, TotalEnergies and ConocoPhillips Team Up on Syria Offshore Block
QatarEnergy has signed a memorandum of understanding with TotalEnergies, ConocoPhillips and the Syrian Petroleum Company to evaluate offshore Block 3 in Syria’s Levantine Basin. The MoU sets up a technical review of the block, which lies in water depths of 100‑1,700 metres,...
Ned Marine Launches Drone and Subsea ROV Inspection Services
Ned Marine, a Dutch non‑destructive testing specialist, has introduced combined aerial drone and subsea ROV inspection services for vessels, offshore installations, and industrial assets. The offering merges visual and ultrasonic NDT techniques with robotics, enabling faster surveys of confined spaces,...
DNV Sees Clean Hydrogen Growing 100-Fold by 2060
DNV’s Energy Transition Outlook 2026 projects clean hydrogen production to expand roughly 100‑fold by 2060, backed by about $3.2 trillion in cumulative investment. China is expected to generate 35% of the new hydrogen capacity, leveraging its electrolyzer industry and renewable growth....
FOS Picks Incat Crowther to Design Fast CTV Fleet for Shell’s Brunei Ops
Fast Offshore Supply (FOS) has chosen Incat Crowther to design a fleet of ten 55‑metre DP2 fast crew transfer vessels for Brunei Shell Petroleum. The aluminium vessels will carry up to 80 passengers and 150 tonnes of cargo at 30 knots, with...
Seadrill’s Backlog Reaches $3.1B with $860M in New Rig Deals
Seadrill announced that its contract backlog has risen to roughly $3.1 billion, driven by $860 million of new rig deals signed since February. The new work includes a three‑year extension for the West Polaris drillship with Petrobras worth about $480 million, plus Gulf‑region extensions...
Woodside’s Delayed Browse LNG Project Cost Estimate Climbs to $35B
Woodside Energy’s Browse LNG project, Australia’s largest untapped gas development, now carries a capital cost of A$48.7 billion (about $35.2 billion), up from A$27.3 billion in 2019 after a carbon‑capture and storage (CCS) module was added. The Deloitte‑commissioned assessment projects 3,068 full‑time jobs...
Oil Market Swings, Not Price Spikes, Set to Drive Big Oil Strategy
Oil majors are confronting prolonged market turbulence after the Iran‑Israel conflict shut the Strait of Hormuz, pushing crude above $100 a barrel. Despite the price surge, the five biggest Western producers—BP, Chevron, Exxon Mobil, Shell and TotalEnergies—have kept 2026 capital plans...
TSS Cruiser CSOV Ready to Support Taiwan's Offshore Wind Projects
Ta San Shang Marine (TSSM), a Mitsui O.S.K. Lines and Ta Tong Marine joint venture, has taken delivery of the TSS Cruiser, a new commissioning service operation vessel built by Damen in Vietnam. The ship expands accommodation to 120 personnel, upgrades...
UTC Overseas, Transoceanic Launch US Gulf Coast Logistics Joint Venture
UTC Overseas and Transoceanic Development have formed UTC Transo, a New Orleans‑based joint venture to meet the surge in logistics demand from energy, power and industrial‑infrastructure projects along the U.S. Gulf Coast. The partnership blends UTC Overseas’ global project‑logistics and customs‑brokerage...
Equinor Cleared for Wildcat Well Drilling Op in North Sea
Equinor received a drilling permit from Norway’s Offshore Directorate to explore wildcat well 34/10‑56 S in the North Sea. The well sits in production license 050 HS, where Equinor holds a 70% working interest and Petoro owns the remaining 30%. Drilling will...
Ventura Offshore Picks Weatherford for Búzios Field MPD Operations
Weatherford has secured a managed pressure drilling (MPD) contract from Ventura Offshore for operations on the SSV Victoria rig in Brazil’s Búzios field. The deal includes delivery of Weatherford’s G3 Integrated Riser Joint MPD system, rig preparation, integration and long‑term aftermarket...
Gulf Marine Services Profit Plunges After Gulf Vessel Evacuations
Gulf Marine Services (GMS) reported a 24% drop in first‑quarter core profit, falling to $19.5 million as revenue slipped 10% to $38 million after evacuating four vessels from an unnamed GCC country amid the Iran‑Israel conflict. The company resumed operations on two...
Turkey Looks to Expand LNG Imports From Algeria
Turkey is set to renegotiate its LNG supply contract with Algeria, which currently delivers 4.4 billion cubic metres (bcm) of gas annually and expires in September 2027. The new deal aims to raise imports to 6‑6.5 bcm per year and could extend the...
ConocoPhillips Gets Norway’s Blessing to Restart Greater Ekofisk Fields
Norway’s Ministry of Energy approved ConocoPhillips’ Previously Produced Fields (PPF) project in the Greater Ekofisk area, enabling redevelopment of the Albuskjell, Vest Ekofisk and Tommeliten Gamma fields via a subsea tie‑back to the Ekofisk Complex. The plan calls for 11 new wells...
NOAA Awards $21.6m for Uncrewed Systems Supporting Mapping, Charting
NOAA announced a $21,600,909 contract with Chance Maritime Technologies to deliver up to eight uncrewed marine systems over five years. The systems will be installed on the agency’s new charting vessels, Surveyor and Navigator, to augment traditional seafloor mapping and...
OPT Demos Autonomous Offshore Charging for Maritime Drones
Ocean Power Technologies (OPT) demonstrated that its WAM‑V autonomous surface vehicle can dock, charge, and redeploy without human intervention. The company plans to pair the docking system with its PowerBuoy platform, creating offshore charging points that enable continuous drone operations....
Solstad’s Normand Maximus CSV In Line for Two-Year Subsea Work
Solstad Offshore signed a letter of intent to charter its flagship construction support vessel, Normand Maximus, to an international subsea contractor. The two‑year agreement runs from Q1 2027 to Q1 2029, with an optional extension to Q1 2030. The vessel will provide worldwide subsea...
Delfin Signs Long-Term LNG Supply Deal with Gunvor
Delfin Midstream’s subsidiary Delfin LNG has signed a 20‑year contract to supply 0.3 million tonnes per annum of LNG to commodity trader Gunvor. The cargo will be delivered FOB from the FLNG1 floating facility located about 40 nautical miles off Louisiana....
Eni, BP Make Offshore Gas Discovery in Egypt via Onshore Directional Drilling Op
Italy’s Eni and Britain’s BP announced a new natural‑gas find in Egypt’s Nile Delta, producing roughly 50 million cubic feet per day. The discovery came from the Nidoco N‑2 well, drilled on‑shore but reaching a reservoir about 3 km offshore using advanced...
SBM Offshore Boosts Revenue Outlook on Strong Turnkey Business
SBM Offshore lifted its 2026 revenue guidance after first‑quarter directional revenue more than tripled, driven by a 359% surge in its turnkey division and the $2.3 billion sale of the One Guyana FPSO to ExxonMobil. Year‑to‑date directional revenue jumped 216% to $3.49 billion,...
Harbour Energy Tweaks Production Outlook After Strong First Quarter
Harbour Energy lifted its 2026 production outlook to a range of 480,000‑500,000 barrels of oil equivalent per day, up from a prior 475,000‑500,000 boepd estimate. The upward revision follows a robust first‑quarter driven by newly acquired assets, including a foothold...
Bouri Gas Project Modules Sail for Installation Offshore Libya
Mellitah Oil and Gas announced that fabrication of the Bouri Gas Utilization Project modules is 69% complete, surpassing the 62% target. The offshore development, a joint venture between Libya’s National Oil Corporation and Italy’s Eni, aims to start production in...
Equinor Profit Climbs to Three-Year High as Prices Soar
Equinor reported first‑quarter adjusted earnings before tax of $9.77 billion, topping analyst expectations and marking its strongest profit since Q1 2023. The surge was driven by record production of 2.31 million barrels of oil‑equivalent per day and higher oil and gas prices after...
Norway Adds 70 Offshore Blocks in New Oil And Gas Licensing Round
Norway’s Ministry of Energy announced the APA 2026 licensing round, adding 70 offshore exploration blocks across the North Sea, Norwegian Sea and Barents Sea. The new acreage, originally slated for the postponed 2025 round, will be offered to oil companies under...
Romanian Neptun Deep Black Sea Gas Project Begins to Lay Pipeline
Romania has started laying a 160‑kilometre pipeline for the Neptun Deep offshore gas field, one of the EU’s largest undeveloped gas deposits at roughly 100 billion cubic metres. The joint venture between OMV Petrom and state‑owned Romgaz aims to begin production in...
Equinor Extends Drilling Agreements for Norwegian Continental Shelf
Equinor has extended key supplier agreements on the Norwegian continental shelf worth roughly NOK 17 billion (about $1.8 billion). The contracts with Baker Hughes Norge, Halliburton and SLB Norge cover integrated drilling and well services valued at NOK 8.3 billion (~$0.88 billion) and specialist framework agreements...
BlueNord Reports Record Quarterly Production
BlueNord reported a record first‑quarter 2026 net hydrocarbon output of 43.1 mboepd, up from 42.2 mboepd in Q4 2025 and within its guidance range. Revenue climbed to $318 million and EBITDA to $201 million, while net operating cash flow fell to $141 million. The Tyra hub...
Southeast Asia Sees New Wave of Deepwater Gas Projects
Southeast Asia is launching a second wave of deep‑water gas projects targeting roughly 28 trillion cubic feet of resources in Indonesia, Malaysia and Brunei. Wood Mackenzie estimates more than US$20 billion of capital will be needed and many projects show internal rates...
Chouest Group Acquires Alliance Business From Helix Energy Solutions Group
Chouest Group completed the acquisition of the Alliance business from Helix Energy Solutions Group, folding it into its newly created Champagne Energy Solutions (CES). The deal expands Chouest’s offshore decommissioning and plug‑and‑abandonment platform, adding subsea intervention, marine logistics and infrastructure...
API-NOIA Reports Benefits of Expanding South-Central Gulf Energy Development
The American Petroleum Institute and the National Ocean Industries Association released a report urging the U.S. Interior Department to lease Program Area B in the South‑Central Gulf of America starting in 2029. The analysis projects that expanded offshore oil and gas...
TenneT Set to Start Beach Directional Drilling for Offshore Wind Farm Links
Dutch transmission system operator TenneT is set to start horizontal directional drilling at the Maasvlakte beach to create underground pathways for electricity cables linking three offshore wind farms—IJmuiden Ver Beta, IJmuiden Ver Gamma and Nederwiek 2. The steel casings have been installed, allowing...
Woodside Completes Scarborough FPU Subsea Link Ahead of LNG Start-Up
Woodside Energy has finished installing a subsea fibre‑optic link that connects its Scarborough floating production unit, 375 km off Karratha, to its Perth headquarters. The more than 1,000 km cable runs at depths up to 5,000 m, enabling high‑volume data transfer, remote monitoring...