Shell Troubleshoots Subsea Equipment at Ormen Lange Oil Field
Shell is troubleshooting subsea equipment at its Ormen Lange offshore gas field in the Norwegian Sea after a compressor failure forced production cuts on February 16. Output has been reduced by roughly 11.9 million cubic metres per day, about 46% of the field’s 26 mcm capacity. The company has dispatched a vessel equipped with a remotely operated vehicle to inspect installations located 800‑1,100 metres below sea level. Shell expects the outage to be resolved by March 12, contingent on weather conditions.
BOEM Proposes Regulation Revision to Support Mineral Exploration
The Bureau of Ocean Energy Management (BOEM) has issued proposed revisions to its Outer Continental Shelf (OCS) hard‑mineral regulations, aiming to accelerate exploration and development of critical minerals. The changes align with Executive Orders 14285, 14154 and 14192, which prioritize...
SeaBird Exploration Nets Contract Extension for Seismic Survey Vessel
SeaBird Exploration, a subsidiary of SED Energy Holdings, announced a three‑month extension of its contract for the Fulmar Explorer seismic survey vessel. The extension covers ocean‑bottom‑node source work in the Western Hemisphere and pushes the vessel’s commitment through mid‑June 2026. Commercial...
Romgaz Prepared to Cover Neptun Deep Costs, CEO Says
Romanian state‑owned gas producer Romgaz says it has sufficient funding lines to cover its €2 billion share of the Neptun Deep offshore gas project in 2026. The €4 billion development, partnered with OMV Petrom, is one of the EU’s largest natural‑gas deposits. Romgaz’s...
North Sea Storm Cuts EnQuest’s 2026 Output Forecast
EnQuest announced a revised 2026 production outlook after a severe North Sea storm damaged the third‑party Ninian Central platform, forcing a five‑week shutdown of its Magnus field. Production at Magnus resumed early on February 22, but the outage prompted the company...
Tidewater to Acquire Wilson Sons Ultratug Offshore in $500M
Tidewater Inc. agreed to buy Wilson Sons Ultratug Participações and its affiliate for roughly $500 million in an all‑cash deal, adding 22 platform supply vessels and expanding its Brazil fleet from six to 28. The acquisition lifts Tidewater’s global OSV count...
Martens en Van Oord Purchases Autonomous Survey Vessel From Demcon Unmanned Systems
Martens en Van Oord has ordered Demcon unmanned systems' next‑generation V4000 autonomous survey vessel, a 4‑meter USV designed for hydrographic work. The platform adds a longer hull, larger moonpool, and higher battery capacity, boosting range and endurance. Integrated with a...
