Norwegian energy data and intelligence company TGS has secured an ocean bottom node (OBE) contract in the Africa, Mediterranean, and Middle East (AMME) region. The company’s deepwater crew is expected to mobilize in the fourth quarter of the year for the project that has a duration of approximately
Singapore-based Keppel has set up a new private fund to which it will divest ten legacy rigs, as part of its announced monetization, with Apollo Global Management to invest $1.5 billion in the fund. Through its indirect subsidiary, Rigco Holding (RigCo), Keppel will divest six operational rigs this
Singapore’s offshore marine solutions company PACC Offshore Services Holdings (POSH) has secured a long-term diving services contract in the Arabian Gulf with an undisclosed client. The company’s diving support vessel (DSV) POSH Mallard will be deployed for the work that includes comprehensive satur
Australian energy player Santos has marketed, sold and loaded the first condensate cargo from the Barossa gas project for delivery to SK Innovation E&S in South Korea. Approximately 300,000 barrels of condensate were loaded from the BW Opal floating production, storage and offloading (FPSO) vessel a
Eni and TotalEnergies have taken the final investment decision (FID) for the development of Cronos, the first gas development in Cyprus, with production start-up expected in 2028. Operated by Eni and located in deep offshore waters approximately 185 kilometers southwest of the coast of Cyprus, in of
Alaska-based Sitkana is set to deploy its new prototype tidal turbine at the Marine Renewable Energy Collaborative’s (MRECo) Bourne Tidal Test Site (BTTS) in Massachusetts, U.S. At BTTS, located in the Cape Cod Canal, the turbine will operate in powerful tidal currents while engineers evaluate its p
UK-based upstream oil & gas player Serica Energy has agreed to acquire compatriot Pharos Energy for £145.7 million (more than €170 million), with Pharos to withdraw its recommendation for an offer from Israeli Ratio Petroleum. The acquisition is said to be consistent with Serica Energy’s long-standi
Liverpool Bay CCS Limited (LBCCS) has entered into a lease with The Crown Estate for its CO2 transportation and storage project offshore the UK, the country’s first carbon capture and storage (CCS) project to repurpose existing infrastructure. The Liverpool Bay CCS project will operate as the backbo
The Western Australian Government has granted State Significant Project status to a Woodside Energy-operated offshore development project, described as Australia’s largest untapped conventional gas resource. With a forecast production capacity of 11.4 MTPA and a peak condensate production rate of 50
Italy’s energy giant Eni has continued its contract awards spree for the third phase of its oil & gas development project off the coast of Côte d’Ivoire, with Saipem having been selected for the delivery of rigid pipelines and associated subsea structures. Baleine Phase 3 will increase total field p
A proposed merger between Italy’s engineering, drilling, and construction services giant Saipem and the Luxembourg-domiciled Subsea7 is facing deeper scrutiny in the European Union (EU) over offshore market concentration due to subsea umbilicals, risers, and flowlines (SURF) and carbon capture and s
Karoon Energy, an ASX-listed oil and gas exploration and production company, has confirmed an uptick in operating efficiency at a floating production, storage, and offloading (FPSO) unit deployed on an oil field off the coast of Brazil.
HD Korea Shipbuilding & Offshore Engineering (HD KSOE), the intermediary holding company for HD Hyundai’s shipbuilding business, has signed a definitive agreement with Siemens Digital Industries Software for the implementation of a next-generation marine platform that will digitally connect the enti
U.S.-headquartered LLOG Exploration, a subsidiary of Harbour Energy, has seen a drop in output at its asset in the Gulf of America (U.S. Gulf of Mexico) following a riser leak; however, the start-up of a sidetrack well is supporting near-term production, as the company and its joint venture (JV) par
