Malaysia’s state-owned energy company Petronas has inked two deals: one to acquire operatorship of a deepwater exploration block offshore Suriname and the other for deploying technology aimed at advancing subsurface modeling and reservoir management exploration across its assets.
French provider of tubular solutions Vallourec has secured a contract defined as large for the supply of oil country tubular goods (OCTG) for drilling operations in Qatar, representing over $50 million in potential revenue. According to the company, the agreement includes the supply of carbon steel
Australian wave energy developer WaveX is approaching completion of its current seed raise, securing 82% of its targeted funding round ahead of the June 30, 2025 deadline. The Perth-based company has partnered with LIQUIDITY as lead manager to finalize the seed raise. The final push is said to get W
Australian energy company Provaris has signed a memorandum of understanding (MoU) with Japanese shipping company Kawasaki Kisen Kaisha (K Line) to progress toward commercializing its compressed hydrogen shipping and offshore storage solutions.
Norway’s state-owned energy company Equinor has contracted compatriot marine geoscience and technology company Shearwater GeoServices to perform a 4D survey over its Tyrihans field in the Norwegian Sea. Located 25 kilometers southeast of the Åsgard field in water depth of 270 meters, Tyrihans was di
Norway-headquartered marine technology provider Kongsberg Maritime is to supply seventeen sets of its US-range azimuth thrusters to Türkiye’s Sanmar Shipyards for a string of international tugboat projects. As disclosed, the azimuth thrusters that will be supplied will come with a range of power out
Importing renewable hydrogen as ammonia from countries with abundant renewable sources could be more expensive than producing it domestically in the European Union, a new study found.
A field in the Barents Sea operated by Norwegian state-owned energy giant Equinor has reached plateau production.
Alaska-based energy company Pacific H2 has partnered with Aleut, an Alaska Native regional corporation, to develop green ammonia production facilities on Adak Island.
The Malaysian subsidiary of Japan’s ENEOS Xplora has concluded an agreement with Malaysia’s national oil and gas company, Petronas, to extend the production sharing contract (PSC) for a block located off the coast of Sarawak, offshore Malaysia.
After having undergone upgrades to boost its survey capabilities, DOF Group’s vessel, designed for subsea construction, inspection, repair and maintenance (IRM) and remotely operated vehicle (ROV) services up to 3,000 meters of depth, has been awarded multiple contracts. The multiple contracts will
Classification society American Bureau of Shipping (ABS) has issued approval in principle (AIP) to the affiliates of South Korean conglomerate HD Hyundai – HD Hyundai Heavy Industries (HHI) and HD Korea Shipbuilding & Offshore Engineering (HD KSOE) – for a concept of a floating small modular reactor
In the wake of a Supreme Court ruling, marking the first inclusion in Britain’s history of greenhouse gas (GHG) emissions from the combustion of oil and gas in environmental impact assessments (EIAs) for hydrocarbon extraction projects, the United Kingdom (UK) set out to create a new environmental g
The Asia-Pacific (APAC) region is on track to take the lead in the CO2 shipping market, requiring almost 80 specialist vessels for interregional shipping in 2055, energy consultancy Xodus found in a new carbon capture, utilization, and storage (CCUS) report.
