SBM Offshore has entered into a global collaboration agreement with Microsoft to develop standardized, AI-powered carbon-free floating power solutions to address the growing needs for carbon-free electricity.This collaboration is set to transform…
The board of the U.S. Export-Import Bank approved a nearly $5 billion loan for a long-delayed LNG project in Mozambique, clearing a key hurdle to restarting the project under development by French oil major TotalEnergies.The Export-Import Bank had previously agreed a $4…
India's largest privately owned oil and gas company Cairn India said it may invest in U.S. service and engineering companies as part of a $5 billion plan to grow output five-fold in the coming years, its chairman said on Tuesday.'I want to spend $5 billion on developing my project to get to 500…
Australia's Woodside may push a final investment decision on its Louisiana liquefied natural gas (LNG) plant into the second quarter of 2025 as talks to sell half of the project drag on, CEO Meg O'Neill told Reuters on Monday.Woodside wants to sell as much as 50% of the project…
Fatih Birol, the director of the Paris-based International Energy Agency, said on Monday there is a need for investment in oil and gas fields to support global energy security.The comment puts the energy watchdog for industrialized nations more…
Palfinger Marine has secured a contract by CRIST S.A. in Poland to supply a comprehensive equipment package for a next-generation Offshore Support Vessel (OSV) under construction for DOF Group.As part of the comprehensive equipment package, Palfinger Marine will supply a fully electric…
Africa-focused oil and gas company VAALCO Energy has entered into a new revolving credit facility with an initial commitment of $190 million and the ability to grow to $300 million, which will be used for its investment programs across diversified asset base over the next few years…
McDermott has completed the engineering, procurement, construction, installation, and commissioning (EPCIC) activities at Shell’s deepwater Whale development in the Gulf of Mexico, which started production through new platform in January 2025…
U.S. firm Koil Energy Solutions and Norway-based SubseaDesign have formed a strategic alliance to accelerate advancements in subsea technology.Both companies provide specialty products and services for subsea projects. Driven by the rising demand…
Japan, South Korea and other countries want to partner with the United States in a 'gigantic' natural gas pipeline in Alaska, U.S. President Donald Trump said on Tuesday, claiming they would invest 'trillions of dollars each.'Trump said in an address to the U…
Tampnet, a Norway-based provider of offshore connectivity services, has secured a fibre optic project and long-term service contract for fibre connectivity at Woodside’s Trion deepwater field in the Gulf of Mexico.The fibre-based connectivity to shore for Trion will enable remote operations…
Houston-based subsea equipment and services provider for oil and gas sector Koil Energy has established a new technology center for manufacturing and service support in Macaé, marking its expansion into Brazil.Macaé is generally considered to…
Dutch geological data specialist Fugro has restarted multiple projects in the U.S. hydrocarbon and LNG sectors since Donald Trump's election and is optimistic about offshore wind development in Asia and Europe, its CEO told Reuters on Friday…
Paratus Energy Services, through its wholly-owned subsidiary Fontis Holdings, has received a notice from its client for early termination of the drilling contracts for Courageous and Intrepid jack-up drilling rigs due to ‘unfavorable contract terms’…
The Shenandoah floating production system (FPS) has been transported to the Gulf of America ahead of wet tow and offshore installation at the Shenandoah deepwater field at Walker Ridge project site, developed by Texas-based exploration and production company Beacon Offshore Energy…
