While maintaining a cautious approach with flexibility to pause or reverse cuts, seven participating oil-producing OPEC+ countries – Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman – have sealed a deal to adjust their production cuts to ensure the stability of oil markets.
Cyprus-headquartered SeaBird Exploration, a wholly owned subsidiary of SED Energy Holdings, has through its subsidiary secured a contract for a 2D seismic survey offshore India. The company’s Eagle Explorer will begin mobilization in mid-July, with the project expected to keep the vessel utilized th
A 2018-built semi-submersible rig, owned by Northern Ocean and managed by Odfjell Drilling, has finished its drilling assignment with the UK-headquartered energy giant Shell off the coast of Namibia, Africa.
Boskalis has christened its new subsea rock installation (SRI) vessel, described by the company as the largest in the industry, following a year and a half of conversion work. Windpiper, whose purchase Boskalis announced in January 2025, was developed by converting an existing vessel into an SRI ves
Italy’s energy giant Eni has tasked Altera Infrastructure with the provision of a newbuild floating production, storage, and offloading (FPSO) vessel for the next phase of its oil and gas development project off the coast of Côte d’Ivoire, West Africa.
Australia’s oil and gas giant Woodside Energy has taken over the operator helm from the Australian subsidiary of U.S.-headquartered energy major ExxonMobil for assets situated off Victoria’s Gippsland coast.
Norway’s state-owned energy giant Equinor has prolonged an assignment, which is being carried out on the Norwegian Continental Shelf (NCS) by one of the anchor handling tug supply (AHTS) vessels owned by DOF Group, a compatriot operator of a fleet of advanced vessels for the energy and marine sector
Texas LNG Brownsville, part of Glenfarne Group, has given conditional authorization to Kiewit Energy Group (KOS), a construction and engineering services provider, for work on a liquefied natural gas (LNG) export project being developed in the Port of Brownsville, Texas.
The fourth and final phase of the Cyclades interconnection project, which aims to increase the security and reliability of supply in Greece’s island systems, has been completed. Greek electricity grid operator Independent Power Transmission Operator (IPTO) reported that the construction of the South
Norway’s oil and gas player Vår Energi has received authorization from the country’s authorities to bring online another segment of an oil project in the North Sea off the coast of Norway.
Denmark-headquartered marine pumps and liquefied gas safety system specialist Svanehoj has received an order to supply LTD gauging systems for a liquefied natural gas (LNG) carrier (LNGC) to floating storage unit (FSU) (LNGC-to-FSU) revamp, strengthening its position in offshore LNG infrastructure a
Swedish wave energy developer NoviOcean is carrying out sea trials of its hybrid offshore renewable energy platform, which combines wave, wind, and solar energy technologies, as part of the journey toward commercial deployment. The 10×6-meter N03 prototype has been operating in open water east of St
Norwegian state-owned energy giant Equinor has ensured the continuation of helicopter activity in Central Norway by prolonging CHC Helikopter Service’s flight assignment until the end of the decade.
Canada-headquartered marine technology player Kraken Robotics has closed the acquisition of the UK’s Covelya Group for approximately CA$615 million, resulting in geographic expansion and improved business diversification, among other things. Covelya Group designs, manufactures, sells and supports hi
