Oilfield services firm Archer has secured a five-year contract extension for platform drilling and maintenance services in the U.K. with an estimated contract value of $110 million.The extension will start on May 1, 2026 in direct continuation of the current contract…
Ørsted has launched its new offshore installation technology platform, Osonic, after signing a preferred supplier agreement with German energy infrastructure asset manager Luxcara, marking the first commercial step for the company’s low-noise monopile installation method…
U.S. private equity firm Carlyle is exploring options to buy Russian oil major Lukoil's LKOH.MM foreign assets, three sources familiar with the situation said.The U.S. has hit Lukoil with sanctions as part of its effort to bring the Kremlin to peace talks over Ukraine…
Saipem has launched the LiSa Hyper Harness, a smart safety harness equipped with sensors and artificial intelligence designed to enhance worker safety during operations at height.The device monitors how workers connect to fall protection systems…
Dutch oil and gas services company SBM Offshore increased its annual earnings outlook for the second time this year on Thursday, lifting its shares, as operating performance improved.The Amsterdam-listed company reported a 26% increase in its directional revenue to $3…
Ocean services provider DeepOcean has been awarded a contract by Equinor to provide various subsea construction and installation activities as part of the Snorre Export and Import Gas Project (SNEIG) for offshore execution in 2026.The SNEIG project is part of the broader Snorre Expansion Project…
Aberdeen-based offshore energy industry services firm Three60 Energy has signed a new long-term contract with Vår Energi for the provision of temporary contract workers.The agreement, effective from 1 November 2025, represents a continued and valued partnership between the two companies…
Vår Energi has confirmed its Zagato oil discovery in the Barents Sea following successful results from appraisal well 7122/8-4 S, drilled just north of the Goliat field.The well, located in production license 229, about 90 kilometers from Hammerfest…
AGR resourcing services business, part of the ABL Group, has entered into a five-year frame agreement to deliver technical personnel and workforce to Vår Energi.Vår Energi is a leading independent upstream oil and gas company on the Norwegian continental shelf (NCS)…
Norwegian offshore vessel owner Solstad Maritime has signed a contract award with an international subsea contractor for the Normand Sentinel contract support vessel (CSV).The firm contract will start early 2026 and will keep the Normand Sentinel fully committed until the end of 2027…
From Egypt to Kazakhstan, the foreign assets of Russian oil major Lukoil LKOH.MM are attracting potential bidders as time runs out to clear deals before U.S. authorities enforce sanctions.The U.S. has hit Lukoil with sanctions as part of its effort to bring the Kremlin to peace talks over Ukraine…
BP is in active negotiations with investment firm Stonepeak over the sale of its Castrol lubricants unit, according to two people with knowledge of the situation, in what would be a major step in meeting the energy company's $20 billion divestment goal…
Danish renewable energy group Ørsted has achieved a 98% reduction in carbon emissions, completing what it called the world’s first full green transformation of an energy company as world leaders gather for COP30 climate talks in Brazil.The milestone…
Offshore drilling contractor Northern Ocean and oil and gas firm Rhino Resources have signed a contract extension for Deepsea Mira semi-submersible drilling rig for work offshore Namibia.The contract for Deepsea Mira with Rhino Resources, signed in July 2025…
Italian offshore services provider Next Geosolutions (NextGeo) has secured a new contract worth around $9.8 million by Saipem for offshore survey and installation support activities under the Bouri Gas Utilization Project (BGUP) in North Africa…