Houston-based energy player Vaalco Energy has begun its 2025/2026 drilling program off the coast of Gabon with a jack-up rig owned by Borr Drilling, an offshore drilling player.
A demonstration combining tidal power, battery storage, and hydrogen production has been completed in Scotland, marking what is said to be the first time these three technologies have been integrated into a single energy system. The demonstration integrated Orbital Marine Power’s O2 tidal turbine, v
Ocean Winds, a 50-50 joint venture between EDP Renewables and ENGIE, has contracted DEME for the installation of monopile foundations, inter-array cables, and the export cable at the BC-Wind offshore wind farm in Poland. While the value of the three contracts was not disclosed, DEME noted in a press
UK-based upstream oil and gas player Serica Energy has completed the acquisition of Prax Upstream, a subsidiary of compatriot Prax Exploration & Production, expanding its hydrocarbon portfolio on the UK Continental Shelf (UKCS).
Norway’s state-owned oil & gas company Equinor and compatriot ocean services provider DeepOcean have agreed on an extension of their existing frame agreement for subsea inspection, maintenance, and repair (IMR) services, taking their collaboration to 30 years. DeepOcean will deploy specialized IMR v
Three Norwegian oil and gas players – Equinor, Vår Energi, and Petoro – have set their caps on augmenting the production from a giant oil field that came online eight months ago in the Barents Sea by adding what will become the first subsea tie-back to the project, said to be the newest oil producti
A final investment decision (FID) has been taken for a giant oil project in the North Falkland Basin (NFB), where $1.8 billion will be needed to foot the bill to first oil and $2.1 billion to project completion. This FID comes 15 years after the original oil discovery was made.
Singapore-headquartered provider of offshore, marine, and energy solutions Seatrium has won a job with International Maritime Industries (IMI), said to be the largest shipyard in the Middle East and North Africa (MENA) region, for the supply of equipment and license for another jack-up rig bound to
The Northern Lights joint venture (JV), encompassing oil majors Shell, Equinor, and TotalEnergies, has issued the first storage certificates for CO2 permanently stored in the Aurora reservoir in the North Sea, documenting the quantities of CO2 transported and stored. The first CO2 volumes were trans
Energy and marine consultancy ABL has been appointed to provide marine warranty survey (MWS) services to support Ocean Winds with the construction of Poland’s BC-Wind offshore wind farm. The BC-Wind offshore wind farm is to be constructed over an area of approximately 90 square kilometres, located w
UAE-headquartered Mubadala Energy, a wholly-owned subsidiary of Mubadala Investment Company owned by the government of Abu Dhabi, has pooled resources with PLN Energi Primer Indonesia (PLN EPI), a subsidiary of Indonesia’s energy and electricity supplier, to supply gas from its gas fields in the And
ExxonMobil Guyana Limited (EMGL), a subsidiary of the U.S.-headquartered oil and gas major ExxonMobil, has hired French maritime services player Bourbon on a long-term assignment off the coast of Guyana.
Scottish renewable energy company Orbital Marine Power has secured a £7 million (around €8 million) investment to support its international commercial tidal stream projects, following new tidal energy licenses in Canada. Venture-focused investment firm PXN Ventures, the combined VC arm of Praetura V
Aberdeen-headquartered integrated solutions specialist EnerMech has secured a new assignment with Bechtel, an American engineering, procurement, construction, and project management player, for work on the second train of a liquefied natural gas (LNG) project off the coast of Australia.
