Since the ignition of the conflict between the U.S. and Israel on one side and Iran on the other, the global markets have been on tenterhooks, as fears continue to grow over the impact the hostilities will have not just on the Middle East region but also the world at large, especially in terms of ec
ScottishPower, through its parent company Iberdrola, has secured £600 million (around €693 million) in financing from the National Wealth Fund to support the development of the fourth out of five subsea electricity superhighways between Scotland and England. The 2 GW Eastern Green Link 4 (EGL4) high
German transmission system operator (TSO) 50Hertz has awarded the Netherlands-headquartered Subsea Cable Assets (SCA) with a framework contract for the delivery of four cable storage carousels. SCA’s scope includes the engineering, manufacturing, delivery, installation and commissioning of four caro
Karoon Energy, an ASX-listed international oil and gas exploration and production company, has revealed two new appointments to fill the role of Executive Vice President (EVP) and Chief Financial Officer (CFO), alongside the position of EVP and Chief Commercial and Technical Officer (CCTO).
Bermuda-headquartered liquefied natural gas (LNG) shipping company Flex LNG has lined up a new long-term assignment for a six-year-old LNG carrier with an undisclosed company.
French provider of tubular solutions Vallourec has secured five contracts for oil country tubular goods (OCTG) products to be delivered in Indonesia. Vallourec signed two contracts in February for 14,000 tons of OCTG products, part of a series of five contracts signed recently with different operato
SBM Offshore, a provider of the design, construction, installation, and operation of offshore floating facilities, has been entrusted with the front end engineering and design (FEED) studies for a floating production, storage, and offloading (FPSO) vessel destined to be deployed at an oil project, w
Norway’s state-owned oil and gas giant Equinor has kicked off drilling activities at its natural gas project off the coast of Brazil with a drillship owned by Valaris, a Bermuda-headquartered offshore drilling contractor.
The North Sea Transition Authority (NSTA) has received bids from carbon storage developers for more than 2 million acres of North Sea seabed as part of its second carbon storage licensing round. The licensing round was opened in December 2025, offering five locations offshore Scotland and nine offsh
Fontis Finance, an indirect subsidiary of Bermuda-headquartered Paratus Energy Services, is offloading its drilling operations and jack-up fleet to Proyectos Globales de Energía y Servicios CME (CME) and BC Ventures, a newly established 50/50 joint venture between subsidiaries of Bermuda-based Borr
Stillstrom has partnered with Faber Group and Prysmian to develop an offshore charging solution aimed at reducing emissions from vessels operating in the offshore wind sector. The first demonstration trial is scheduled for the fourth quarter of 2026 in Esbjerg. The companies will pilot a system that
Norway-headquartered advanced lifting and handling solutions provider Red Rock has entered the subsea crane market thanks to a contract with an undisclosed client. Red Rock reported today, March 24, that it had secured a contract for the delivery of an offshore subsea crane, marking the company’s en
Aberdeen-headquartered integrated solutions specialist EnerMech has won a new multi-year deal with Malaysia’s Bumi Armada for a floating production, storage, and offloading (FPSO) vessel deployed in the UK sector of the North Sea.
Dutch thermoplastic composite pipe (TCP) manufacturer Strohm has won a contract to supply two insulated production jumpers for oil production as part of a field extension project offshore Malaysia. Strohm will deliver two insulated carbon fibre PA12 (CF/PA12) large bore 7-inch internal diameter TCP
