Africa Energy Gets More Time to Submit ESIA for South Africa Block
Africa Energy has secured an extension until Nov 4 2026 to file a new environmental and social impact assessment for offshore Block 11B/12B in South Africa. The deadline follows a Western Cape High Court ruling that voided a permit for a neighboring block, prompting the company to reassess its filing strategy. Africa holds an indirect 10% interest via Main Street 1549 Pty Ltd and aims to increase its direct stake to 75% after former partners TotalEnergies, QatarEnergy and CNRI exited in 2024. The block contains the Brulpadda and Luiperd gas discoveries, the largest in the country, which could help power South Africa’s shift away from coal.
Misti AI Secures Funding to Expand Industrial AI Platform
Industrial AI startup Misti AI announced a $336,000 pre‑seed round led by Fuel Ventures, with the round open to $673,000. The capital will fund expansion of its platform that turns existing camera networks into real‑time operational intelligence for heavy‑industry sites....
North Star Acquires Four New Service Operation Vessels
North Star, a fully integrated offshore infrastructure service provider, has completed the acquisition of four Service Operation Vessels (SOVs) from Edda Wind, expanding its fleet to 14 SOVs—one of Europe’s largest offshore wind vessel groups. The newly acquired vessels—Goelo Enabler, Boreas...
Wilson Sons Pilots Drone Delivery for Offshore Operations
Brazilian maritime logistics leader Wilson Sons has begun a proof‑of‑concept trial using Speedbird Aero drones to deliver and retrieve documents for offshore supply vessels in Guanabara Bay. The unmanned aircraft, approved by Brazil's National Civil Aviation Agency and the Department...
RWE Inks Long-Term PPA with Breedon for UK Offshore Wind Farm
RWE has entered a 15‑year power purchase agreement with UK construction‑materials group Breedon, committing to supply roughly 70 GWh of renewable electricity each year. The power will initially come from the 576 MW Gwynt y Môr offshore wind farm in North Wales, with a...
Noble Lifts Rig Utilization with Over $550M in New Drilling Contracts
Offshore driller Noble Corporation announced $565 million in new contracts, raising its backlog to $7.5 billion and lifting overall rig utilization to 68% in Q1, up from 64% a quarter earlier. The awards include a 1,115‑day extension of the Noble Courage with...
Ocean Winds’ First French Offshore Wind Farm Moves to Full Operation
Ocean Winds, the 50‑50 joint venture between EDPR and ENGIE, has installed the final turbine at the Îles d’Yeu and Noirmoutier (EMYN) offshore wind farm, completing construction and moving the 488 MW project into full operation. The farm comprises 61 turbines...
CNOOC’s First Quarter Profit Rises on Higher Oil Prices, Output
China's state‑owned offshore producer CNOOC reported a 7.1% rise in first‑quarter net profit to 39.14 billion yuan ($5.73 billion), helped by higher oil prices and higher output. Revenue climbed 8.6% to 116.08 billion yuan (≈$17 billion) as total production reached 205 million barrels of oil...
Woodside Plans Review as Quarterly Revenue Tops Forecasts
Woodside Energy reported first‑quarter operating revenue of $3.26 billion, surpassing the $3.05 billion consensus despite a 1.6% decline in output to 45.2 MMboe caused by a cyclone at its Karratha gas plant. Average realised prices rose to $63 per barrel of oil equivalent,...
Forum Energy Technology Launches New LARS Model
Forum Energy Technologies introduced the Model 6000 (M6000) Launch and Recovery System, a compact, all‑in‑one LARS for inspection‑class ROVs. The skid‑mounted unit combines an A‑frame, winch and hydraulic power unit, eliminating extra cabling and reducing vessel footprint. The first system, paired...
SLB Rolls Out AlphaSight Reservoir Mapping Solution
SLB has launched AlphaSight, a high‑resolution reservoir mapping and geosteering platform that delivers real‑time subsurface insight at unprecedented depths. The solution, part of SLB’s Sight family, combines advanced measurement technologies to improve well placement and reservoir contact. Field trials across...
Op-Ed: Why Wave Energy Must Be the UK’s Next Great Green Frontier
The op‑ed argues that wave energy is ready to become the UK’s next major renewable, citing recent technological breakthroughs and commercial pilots. It highlights a £27 billion (≈$34 billion) Energy Price Guarantee and volatile fossil‑fuel markets as catalysts for domestic, predictable power....
Mooreast to Divest Property, Boost Offshore Wind Expansion
Mooreast Holdings has secured an option to sell its leasehold at 51 Shipyard Road in Singapore for $23.3 million, expecting about $15 million in net proceeds after loans and costs. The proceeds will be redeployed to its newly acquired waterfront facility at...
Petrodec’s OBANA Resumes Decom Work with Perenco in North Sea
Petrodec’s OBANA jack‑up platform has resumed decommissioning work for Perenco UK in the Southern North Sea, moving from its Dutch yard to the Pickerill field to strip the jackets of Pickerill A and B. After that, the rig will shift to the...
DNV to Certify UK Northern Endurance CCS Network
DNV has been appointed the independent certifier for the Northern Endurance Partnership (NEP) CO₂ transport and storage project, a cornerstone of the UK’s East Coast Cluster. The initiative will capture CO₂ from industrial emitters in Teesside and pipe it to...
Dajin Hires ZKS Ferrum for Nordseecluster B Offshore Wind Work
Dajin Offshore has engaged Polish steel fabricator ZKS Ferrum to supply secondary steel structures for the Nordseecluster B offshore wind extension, a 1.6‑GW project developed by RWE and Norges Bank Investment Management. The contract covers 20 fabricated sets produced at ZKS...
Block Energy Plans Strategic Entry Offshore Gabon
Block Energy has signed a conditional agreement with Pilgrim Exploration to invest in Gabon's offshore Ndjila and Mpari production‑sharing contracts. The company will raise $6.3 million via an accelerated book‑build and retail equity offering, using the proceeds to fund a $6 million...
Well Decommissioning Expanding Horizons for Innovators with Proven Experience
Well de‑commissioning is set to dominate offshore retirement work, accounting for 47% of UK de‑commissioning spend between 2025 and 2034. The UK Continental Shelf cost outlook has risen by £1 billion (≈$1.27 bn) since 2023 and is projected at £12 billion (≈$15 bn) by...
Gulf NOCs and MODU Operators Look to Contractual Resilience to Ride Out Disruption
The offshore drilling sector in the Gulf faces heightened risk as the Middle East conflict threatens MODU operations, but contractual structures built into long‑term NOC agreements provide resilience. MSI’s Q1 2026 report outlines three scenarios—quick resolution, mid‑term (≈6 months), and long‑term (>6 months)—each...
Njord Survey Inks Equinor Pipeline Inspection Deal in Europe
Njord Survey secured a three‑year framework agreement with Equinor to conduct pipeline inspection and integrity work across European waters, with an optional one‑year extension. The contract covers geophysical surveys and offshore vessel operations, emphasizing high‑resolution data collection. Njord will execute...
ABS Signs Pact with Fleet Robotics on Maritime Robotics
The American Bureau of Shipping (ABS) and Fleet Robotics have signed a memorandum of understanding at Singapore Maritime Week to develop autonomous robotic systems for hull cleaning and inspection. The partnership will assess robot suitability, validate sensor data and imagery,...
Sierra Leone Grants Offshore Survey Permit to Shell
Sierra Leone’s Petroleum Directorate signed an agreement granting Shell a reconnaissance permit to conduct advanced geological and geophysical surveys across roughly 20,600 square kilometres of offshore blocks. The permit covers basin modelling and petroleum‑systems analysis, mirroring a similar deal the...
Workers at Ichthys LNG Back Strike Action in Australia
Workers at Inpex’s Ichthys LNG plant in Darwin voted overwhelmingly—over 98%—to strike over pay and conditions. The union Offshore Alliance said members could begin action as early as May 7 but agreed to pause until May 15 for six days of talks....
Brazil Eyes Oil Windfall to Fund Fuel Tax Cuts
Brazil’s government introduced a bill that would channel extra oil‑price revenue—driven by the U.S.–Israel‑Iran conflict—into temporary cuts on federal fuel taxes. The plan targets PIS, Cofins and CIDE levies on gasoline and ethanol for a two‑month period, with each 10‑cent‑per‑real...
Tight Supply Drives Surge in High-End AHTS Dayrates
High‑end AHTS dayrates in the North Sea have surged as supply tightens. The global fleet of about 1,700 AHTS vessels includes only roughly 150 high‑spec units over 200 t bollard pull, with more than 60 % older than 15 years and no new...
Floating Wind & Deepwater Oil and Gas - Two Worlds Collide
The latest Intelatus Global Partners forecast warns that rising floating offshore wind projects will strain the supply of large anchor handling tug supply vessels (AHTSs) and multi‑purpose support vessels (MSVs) as early as 2029‑2031. While deep‑water oil and gas activity...
Deepwater’s Playbook for Delivering Growth
Deepwater oil output is projected to climb from roughly 8 million barrels per day today to about 10 million barrels per day by the early 2030s, according to Welligence. After 2035, production will decline unless a new wave of pre‑FID projects is...
Saipem Poised for Middle East Repair Work After Iran War
Italy’s Saipem is positioning itself to capture post‑Iran‑war repair contracts across the Middle East, where Rystad Energy estimates a $58 billion reconstruction bill, including $50 billion for oil‑gas facilities. CEO Alessandro Puliti highlighted the firm’s long‑standing relationships and prior plant construction as...
EU Weighs Dropping Arctic Drilling Opposition
The European Union is reportedly re‑examining its long‑standing opposition to new oil and gas drilling in the Arctic, a stance it has championed since 2021. Internal documents and multiple sources suggest the EU may abandon the proposed international ban, citing...
Gabon Sees PSC Deals with BP, ExxonMobil in Six Months
Gabon’s oil and gas minister announced that the country expects to sign production‑sharing contracts with BP and Exxon Mobil within four to six months. Both majors have already signed non‑binding preliminary agreements to explore offshore blocks along Gabon’s Atlantic coast. The...
US Judge Blocks Trump's Efforts to Hinder Renewable Energy Projects
A federal judge in Boston issued a preliminary injunction blocking the Trump administration's new permitting policies that required three senior political appointees to approve most wind and solar projects. The ruling, sought by nine clean‑energy advocacy groups, finds the Interior...
Vaalco Reports Strong Gabon Well Results, Baobab FPSO Restart On Track
Vaalco Energy announced that its Etame 14H development well offshore Gabon delivered an initial 4,850 barrels of oil per day gross, equating to 2,850 net BOPD, after intersecting 325 metres of high‑quality sand. The company has also begun drilling the EEBOM‑5H sidetrack...
UK’s Biggest Offshore Wind Blades Installed at East Anglia THREE
ScottishPower, part of Iberdrola, and Masdar installed the first turbine at the $5.4 billion East Anglia THREE offshore wind farm off Suffolk. The turbine carries 115‑metre blades, the largest ever installed in UK waters, overtaking the previous 108‑metre record. The project will...
Dutch Activists Launch New Case Against Shell Over Emissions
Dutch climate group Friends of the Earth Netherlands filed a fresh lawsuit in The Hague demanding Shell immediately cease investing in new oil and gas projects. The case builds on a 2024 appeals ruling that held Shell responsible for cutting...
Norway's March Oil, Gas Output Tops Forecast
Norway’s offshore sector delivered 0.691 million standard cubic metres per day in March, equating to 4.35 million barrels of oil equivalent, surpassing the regulator’s forecast by 2.8%. Crude‑oil output jumped 8.1% year‑on‑year to 1.94 million barrels per day, outpacing the 1.80 million‑bpd estimate. Natural‑gas...
Mermaid Renews Subsea Vessel Deal as Decom Work Grows
Mermaid Subsea Services UK has renewed its contract for the Island Valiant subsea support vessel for an additional 12 months, cementing its role in the accelerating North Sea decommissioning market. The firm highlighted a record 30 well plug‑and‑abandonments in 2024 and...
Dajin Expands Offshore Wind Logistics Fleet with KING TWO Launch
Dajin Heavy Industry launched its 40,000 DWT deck carrier KING TWO at the Panjin shipyard on April 19. The 239.8‑meter vessel provides a 12,000 m² deck, dual engines, 13‑knot speed and a 16,000‑nautical‑mile range, designed to haul 15‑25 MW offshore wind components. It follows the...
TGS Extends Multi-Year OBN Engagement in Gulf of America
TGS announced a three‑year extension of its proprietary Ocean Bottom Node (OBN) acquisition contract in the Gulf of America. The multi‑year deal, originally launched several years ago, secures continuous seismic data collection for a major regional producer. CEO Kristian Johansen...
Oil Flows to Lag Even if Hormuz Strait Reopens
The Strait of Hormuz, which moves roughly one‑fifth of global oil and gas, remains largely shut after Iran tightened control following a U.S. blockade. Even a temporary reopening will not instantly restore flows; analysts estimate an eight‑to‑twelve‑week lag for tanker...
Eni Makes Major Gas Discovery Offshore Indonesia
Italy’s Eni announced a major offshore gas find in Indonesia’s Kutei Basin, estimating about 5 trillion cubic feet of gas and 300 million barrels of condensate from the Geliga‑1 well. The discovery sits in the Ganal block, where Eni operates with an...
Astro Offshore Expands Subsea Capability with New MPSV
Astro Offshore has bolstered its subsea fleet with the addition of a 97‑metre, DP2 multi‑purpose support vessel, now renamed Astro Atlas. The ultra‑deepwater MPSV features a 150‑tonne active heave‑compensated crane, a secondary 25‑tonne crane, a moonpool and accommodation for up...
Petrobras Takes Operatorship of Offshore Block in Central Africa
Petrobras has signed an agreement to acquire a 75 % stake and assume operatorship of Block 3 offshore São Tomé and Príncipe, shifting the consortium to Petrobras 75 %, Oranto 15 % and ANP‑STP 10 %. The deal aligns with Petrobras' strategy to expand African exploration...
ADES Boosts Backlog with Several Drilling Rig Deals Off Nigeria
Offshore drilling contractor ADES Holding secured multi‑year contracts for three premium jack‑up rigs with West African Exploration & Production, a Dangote Group subsidiary, for offshore Nigeria. The three‑year deals, valued at about $729 million and featuring two‑year extension options, will commence...
Strike Threat Grows at Ichthys LNG After Workers Reject Deal
Inpex reported that workers at its Ichthys LNG plant in Australia voted against a new employment agreement, heightening the likelihood of industrial action. The Offshore Alliance, representing 430 union members, said the offer fell short of industry‑standard wages and conditions....
Pertamina Unit to Operate Indonesia’s Lavender Block Under 30-Year PSC
Indonesia’s state‑oil giant Pertamina, through its unit PT Pertamina Hulu Energi Sulawesi Lavender, signed a 30‑year production sharing contract to operate the Lavender block, an 8,206.95 km² onshore‑offshore area in South and Southeast Sulawesi. The PSC, a cost‑recovery model, was awarded...
Egypt Approves Draft Offshore Exploration Deal with Chevron
Egypt’s cabinet approved a draft offshore exploration agreement for the Lotus block in the Mediterranean, partnering Egyptian Natural Gas Holding Company with Chevron Egypt Holdings. The deal focuses on developing gas and oil resources to address Egypt’s recent shift from...
MidEast Energy Output Recovery to Take Two Years, IEA Says
International Energy Agency head Fatih Birol said it will take roughly two years for the Middle East to regain pre‑war energy output, with recovery rates varying by country. Iraq is expected to lag behind Saudi Arabia, while the ongoing closure of...
ABL Secures Work at South Korean Offshore Wind Farm
ABL Group has been selected as the marine warranty surveyor for South Korea's 390 MW Shinan Ui offshore wind project. The role covers technical document review, vessel‑suitability surveys, and on‑site supervision of marine operations for 26 turbines on bottom‑fixed foundations. The project...
Toyo, OneSubsea Form Subsea CCS Partnership
Toyo Engineering Corporation and OneSubsea have signed a memorandum of understanding to explore joint subsea carbon capture and storage (CCS) projects, initially targeting Japan and Southeast Asia. The partnership pairs Toyo’s expertise in on‑shore CCS project development with OneSubsea’s subsea...
Japan to Launch $10B Fund to Help Asia Secure Oil
Japan announced a $10 billion financial framework, administered by state‑backed lenders JBIC and NEXI, to help Asian nations secure oil amid heightened Middle East tensions. The fund is equivalent to roughly 1.2 billion barrels, or about one year of crude imports for...