Italy’s Eni and Malaysia’s state-owned energy player Petronas have announced an exclusive memorandum of understanding (MoU) to discuss establishing a joint venture (JV) holding company to oversee selected upstream assets in Indonesia and Malaysia.
U.S.-headquartered energy services provider Expro has won a contract to supply tubular running services (TRS) for the first offshore carbon capture and storage (CCS) project in the Netherlands. The contract covers the recompletion and conversion of legacy offshore gas production wells into CO2 injec
STAX Engineering has secured a $70 million funding boost, alongside launching new carbon capture trials with Seabound.
Norway’s oil and gas player Vår Energi has made an oil discovery in an exploration well near a field it operates in the Barents Sea.
A UK-built 12-meter-long autonomous uncrewed surface vessel (USV), designed for long-distance over-the-horizon operations, has hit the water for the first time, with three sister vessels soon to follow. After nearly 18 months of design, engineering, and build, UK-headquartered Zero USV launched its
REGENT Craft, a US-based developer and manufacturer of all-electric seagliders, has signed an initial agreement with Strategic Development Fund (SDF), an Abu Dhabi-based investment company wholly owned by EDGE Group, to form a joint venture for manufacturing seagliders in the UAE.
Japanese giant MODEC has entered into a front-end engineering and design (FEED) contract with engineering company SAMSUNG E&A for a pilot project to install a modular carbon capture technology developed by U.K.’s Carbon Clean on MODEC’s floating, production, storage, and offloading (FPSO) unit.
Norwegian vessel owner and operator Golden Energy Offshore Services (GEOS) has secured work for its vessels that has a gross contract value of $21 million for the firm period, with an additional $27.7 million for the option period. GEOS has concluded a contract on the multi-purpose support vessel (M
Swiss marine power company WinGD’s first methanol-fueled engine is set for delivery after passing factory and type approval tests.
Geophysical survey operations and a static fishing gear survey are taking place within the Inch Cape offshore wind farm site and its associated export cable corridor from February 19 until the end of April. On behalf of Inch Cape Offshore Limited, a joint venture between ESB and Red Rock Renewables,
Eltronic FuelTech has partnered up with Aarhus University for the AMAZE innovation project that aims to develop an advanced system for minimizing ammonia emissions from dual-fuel vessels.
U.K.-headquartered energy giant BP has introduced what it calls a “fundamentally reset” strategy focusing on more investments in the oil and gas sector and limiting those related to energy transition.
Denmark-based underwater technology specialist MacArtney has established a new office in Dubai, UAE, to expand its reach in the Middle East, North Africa (MENA), and India, aiming to enhance local support and drive regional growth. According to MacArtney, the move aligns with the company’s strategy
Sapura Drilling, the drilling arm of Malaysian oil & gas services provider Sapura Energy, has secured multiple contracts that have a combined value of approximately $720 million. Sapura Drilling secured two contracts with PTTEP Energy Development Limited for the provision of its tender assist drilli
