Business & Finance
Fulkrum steps up Norwegian offshore oil & gas presence with Vår Energi deal
Fulkrum, a London-headquartered technical services company providing inspection, expediting, auditing and technical staffing solutions to energy and industrial projects, has landed an inspection services contract with Vår Energi, an independent oil and gas operator on the Norwegian Continental Shelf
SED Energy Holdings and Ventura Offshore to unite into one
SED Energy Holdings and Ventura Offshore have signed a letter of intent (LoI) for an all-share combination with the aim of creating a larger and stronger publicly listed energy services platform. Energy Holdings will acquire 100% of the outstanding shares in Ventura Offshore, remaining the listed pa
21 companies apply for Norway’s new oil & gas exploration areas
The Norwegian Ministry of Energy has received applications from 21 companies showing interest in new exploration areas on the Norwegian Continental Shelf (NCS) as part of this year’s Awards in predefined areas (APA) licensing round. APA 2026 was announced on May 5, with applications closing on Septe
Saipem-Jan De Nul consortium joins Mozambique’s LNG project
A consortium of Saipem and Jan De Nul has signed a letter of intent (LoI) with ExxonMobil for a liquefied natural gas (LNG) development in Mozambique. The LoI, signed for the first phase of the Rovuma LNG project, includes limited preliminary engineering and procurement and other technical services,
Italy’s NextGeo to open office in Germany
Italy-headquartered offshore survey specialist Next Geosolutions (NextGeo) is expanding into Germany with a new office to open in Bremen. According to the company, Bremen’s position at the heart of the North Sea maritime cluster and its growing marine technology community provide a strong environmen
Odfjell Drilling’s new rig busy until 2031 thanks to deal with Vår Energi
Odfjell Drilling has signed a letter of award (LOA) with Vår Energi for a 2019-built semi-submersible rig that it purchased at the end of 2025, extending the unit’s firm contract backlog until Q1 2031. The scope of work awarded for Deepsea Bergen includes a period of three years, starting in early 2
Vallourec and Aramco expand partnership dating back to 1962
French provider of tubular solutions Vallourec and Saudi Arabia’s energy company Aramco have expanded their partnership that was set up in 1962 with the signing of a new agreement for the supply of oil country tubular goods (OCTG). The companies entered into an agreement in 1962 for the supply of th
ABS certifies FPSO design for South American and West African deep waters
South Korea’s Hanwha Ocean has secured a basic design review (BDR) certification from ABS for a standardized floating production, storage and offloading (FPSO) design developed for the South American and West African deepwater market, as well as related sustainability reviews. The review included th
India: Larsen & Toubro company gets EPCIC order from ONGC
Mumbai-headquartered L&T Energy Hydrocarbon Offshore (LTEH Offshore), a Larsen & Toubro business, has secured an order from India’s government-owned energy company Oil and Natural Gas Corporation (ONGC) for the additional development of a project off India’s west coast. LTEH Offshore’s scope covers
First subsea contract with Eni takes McDermott to Cyprus
U.S. offshore engineering and construction player McDermott has secured its first subsea contract with Eni for the first gas development in Cyprus. Operated by Eni and located in deep offshore waters approximately 185 kilometers southwest of the coast of Cyprus, in offshore Block 6, Cronos was disco
Saipem put in charge of commissioning services for Türkiye-bound FPU
Saipem has secured a new contract with GOE Petrol Sanayi to provide commissioning services for a floating production unit (FPU) destined for Türkiye’s largest natural gas field. Saipem’s scope of work for the Osman Gazi FPU, intended for the development of the Sakarya gas field in the Turkish Black
Shearwater to use electric ROVs for North Sea contract
Norway’s Shearwater Geoservices has secured an ocean bottom node (OBN) survey contract in the North Sea, representing the first commercial deployment of its newly installed electric remotely operated vehicles (ROVs). The seven-week survey will be performed by the SW Tasman with Pearl nodes, as the R
Ventura Offshore adds deepwater firepower to managed fleet and wins Petronas rig deal
Brazilian deepwater offshore drilling contractor Ventura Offshore has expanded its managed fleet by adding Eldorado Drilling’s seventh-generation drillship to its rig pool. The firm has also secured a multimillion-dollar assignment with Malaysia’s state-owned oil and gas heavyweight Petronas for a d
Boost for Europe’s energy diversification and cross-border gas flows as Western Balkans plug into Vertical Corridor
The Vertical Corridor is expanding into the Western Balkans, with North Macedonia and Serbia joining the regional gas initiative in a move set to strengthen energy diversification, cross-border connectivity, and security of supply from Greece to markets across Southeast and Central Europe.