Abu Dhabi National Oil Company (ADNOC) has secured up to $11 billion in structured, non-recourse financing to support development of its Hail and Ghasha offshore gas project, a key part of the UAE’s strategy to expand domestic gas supply and exports.The financing, arranged with participation from more than 20 global and regional lenders, monetizes future midstream gas production from the Hail and Ghasha fields…
Our fascination with the depths of the ocean revealed itself in some of our most-read stories of 2025.What’s really down there? asked New Wave Media President Greg Trauthwein in his interview with Matt Grove, Regional Segment Manager Offshore at Seequent in September…
Norwegian offshore supply vessel owner DOF Group has secured seven new contract extensions with Petrobras for its offshore support vessels (OSVs) in Brazil, valued over $160 million.Five of DOF's Brazilian-flagged anchor handling tug supply (AHTS) vessels…
Cedar LNG, the partnership between Haisla Nation and Pembina Pipeline Corporation, has secured a 12-year agreement with Ovintiv for its floating liquefied natural gas (FLNG) facility, being developed on Canada’s West Coast.The agreement, signed…
Shell Offshore, a subsidiary of Shell, has taken a final investment decision (FID) on a waterflood project at its Kaikias field in the Gulf of America, aiming to boost its recoverable resources.Water will be injected to displace additional oil…
ConocoPhillips Skandinavia, and its partners Vår Energi, Orlen Upstream Norway, and Petoro, have made a final investment decision (FID) for the joint redevelopment of an oil and gas project in the Greater Ekofisk Area, offshore Norway.The FID is for the Previously Produced Fields (PPF) Project…
Odfjell Drilling has completed the acquisition of the harsh-environment drilling rig Deepsea Bollsta, including the novation of the rig’s drilling contract with Equinor for a firm period running until early 2028 and with five one-year extension options…
Rockhopper Exploration has taken a final investment decision (FID) on Phase 1 of the Sea Lion oil development north of the Falkland Islands, allowing the long-delayed project to proceed after securing financing commitments and regulatory approvals…
Shell is seeking a buyer for a 20% stake in its Brazilian oilfield cluster to help fund a multibillion-dollar offshore development, Bloomberg News reported on Tuesday, citing sources.Shell declined to comment on the report, when contacted by Reuters…
The Norwegian Offshore Directorate has granted Equinor a drilling permit for a wildcat well in the North Sea.The permit is for wellbore 35/11-32 S in production license 090 HS, operated by Equinor with 60% working interest.The other partners in license are Inpex Idemitsu Norge and Vår Energi…
Dong Fang Offshore (DFO), one of Asia’s largest offshore wind service providers, has signed a major shipbuilding contract with Norwegian yard Westcon for a new subsea and cable lay vessel (CLV), set for delivery in 2027.Westcon will take over…
Eni has made a significant gas discovery in the Konta-1 exploration well, drilled in the Muara Bakau production sharing contract (PSC), in the Kutei Basin, offshore Indonesia.Estimates indicate 600 billion cubic feet (Bcf) of gas initially in…
Malaysia’s MISC Berhad has secured its first floating production unit (FPU) project in Brunei after receiving a letter of award from PETRONAS Carigali Brunei (PCBL) for the lease, operation and maintenance of the facility for a natural gas development project…
Belgium’s Jan De Nul is commissioning what it calls its most advanced offshore wind installation simulator, a digital twin of its vessels Les Alizés and Voltaire designed to train crews to install the latest generation of giant wind turbines and foundations at sea…
Finder Energy has agreed to acquire the Petrojarl I floating production, storage and offloading (FPSO) vessel from Amplus Energy for $15 million in cash and shares, in a move the company said will accelerate development of its Kuda Tasi and Jahal (KTJ) oil fields project…
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