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Business & Finance

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TGS and Chevron jointly pursuing next-gen seismic imaging technology
Business & Finance

TGS and Chevron jointly pursuing next-gen seismic imaging technology

Norwegian energy data and intelligence company TGS and U.S.-headquartered energy firm Chevron have established a strategic collaboration to advance next-generation seismic imaging technology. The companies plan to jointly invest in research and development across key technical domains, including Ela

about 1 month ago
Stena IceMax drillship; Source: Stena Drilling
Business & Finance

Stena Drilling’s 14-year-old drillship caps three-well campaign offshore Egypt ahead of plan

Scotland-headquartered offshore drilling contractor Stena Drilling has brought a multi-well campaign to a close off the coast of Egypt.

about 1 month ago
Shelf Drilling Tenacious rig; Source: Chevron
Business & Finance

Chevron hits pay in Sub-Saharan Africa with oil & gas condensate discovery offshore Angola

U.S.-headquartered energy giant Chevron has extended its Sub-Saharan Africa exploration streak with a new hydrocarbon discovery off the coast of Angola.

about 1 month ago
Eco Wave Power: Increased power output from Israeli pilot during stronger waves
Business & Finance

Eco Wave Power: Increased power output from Israeli pilot during stronger waves

Eco Wave Power has reported increased electricity generation and higher peak power output during stronger wave conditions in April and May from its grid-connected wave energy power station in Israel. The EWP-EDF One wave energy project is a pilot-scale demonstration array, consisting of a limited nu

about 1 month ago
Noble Intrepid jack-up rig; Source: Noble
Business & Finance

Noble’s 2014-built jack-up rig scores drilling job in Norwegian waters

Noble Corporation, a U.S.-based offshore drilling giant, has secured a new assignment for one of its jack-up rigs on the Norwegian Continental Shelf (NCS).

about 1 month ago
Design unveiled for vessel as versatile as ‘Swiss Army knife’
Business & Finance

Design unveiled for vessel as versatile as ‘Swiss Army knife’

C-Job Naval Architects and vessel operator Glomar Offshore have revealed the design of an offshore support vessel (OSV) described as a “Swiss Army knife for offshore work” due to its versatility. The OSV, said to be purpose-built as Glomar’s first vessel of its kind, has been designed for diverse of

about 1 month ago
FPSO Petrojarl Rosebank; Source: Adura
Business & Finance

$11.8 billion North Sea oil & gas project clears key consultation hurdle ahead of government’s final say

Adura, an incorporated joint venture (IJV) between the UK-headquartered Shell and Norway’s Equinor, has confirmed the end of a public consultation period on the development of an oil and gas field in the North Sea. This project on the UK Continental Shelf (UKCS) is now awaiting the UK government’s f

about 1 month ago
Illustration; Source: ADES
Business & Finance

Go-ahead for ADES to restart all suspended offshore rig ops as jack-up market remains tight

ADES Holding Company, an oil and gas drilling services provider that is part of Saudi Arabia-headquartered ADES Group, has secured the green light to restore all temporarily suspended offshore rig operations in Saudi Arabia, as offshore activity across the Gulf Cooperation Council (GCC) region conti

about 1 month ago
Karim Badawi, Egypt's Minister of Petroleum and Mineral Resources, visited the production site of Pharaonic Petroleum Company (PhPC) in Port Said Governorate; Source: Egypt’s Ministry of Petroleum and
Business & Finance

Egypt moves to fast-track Mediterranean gas field tie-in in pursuit of production growth

With its sights set on higher domestic gas production, Egypt’s Ministry of Petroleum and Mineral Resources is pushing to accelerate field development in the Eastern Mediterranean waters, as part of its broader efforts to enable upstream growth and achieve its exploration and production plans through

about 1 month ago
Saipem 10000; Source: Saipem
Business & Finance

Saipem’s 26-year-old drillship on completion ops at Eni’s gas well offshore Sicily

Italy’s engineering, drilling, and construction services company Saipem is carrying out completion work with its 2000-built drillship for compatriot energy giant Eni on a gas well off the coast of Sicily, with the campaign scheduled to run through to late September 2026, according to an Italian Coas

about 1 month ago
VARD welcomes NKT’s cable layer to Norway for final outfitting and commissioning
Business & Finance

VARD welcomes NKT’s cable layer to Norway for final outfitting and commissioning

NKT’s new cable-laying vessel (CLV) NKT Eleonora, which will be able to run on both methanol and HVO/marine diesel oil, has arrived from Romania to Norway for the next phase of outfitting and commissioning. The official keel laying for the vessel took place in January 2025, some two months after the

about 1 month ago
NS-42 (ODN-II) drillship; Source: Foresea
Business & Finance

Petrobras widens Brazil’s Equatorial Margin push with hydrocarbon discovery off Amapá

Brazilian state-owned energy giant Petrobras has found hydrocarbons in a frontier well located in ultra-deep waters off the coast of Amapá, deepening Brazil’s Equatorial Margin exploration quest.

about 1 month ago
Tekmar
Business & Finance

Tekmar secures €1 million concrete protection contract for ‘major’ European offshore wind project

Tekmar Group has been awarded a contract valued at around €1 million to deliver concrete protection solutions for an offshore wind project. The company did not disclose the name of the project or its client, but it said that its contract was with an existing customer, which is “a leading submarine c

about 1 month ago
DOF adds 80 days of subsea work to backlog in Asia-Pacific
Business & Finance

DOF adds 80 days of subsea work to backlog in Asia-Pacific

DOF Group has secured two subsea contract awards in the Asia-Pacific (APAC) region that together have a duration of approximately 80 days. The contracts will use multipurpose vessels and subsea services from the region, including DOF’s in-house project management and engineering, procurement and log

about 1 month ago
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