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Business & Finance

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Second ORESA innovation call for offshore energy solutions closing on May 8
Business & Finance

Second ORESA innovation call for offshore energy solutions closing on May 8

Offshore Renewable Energy Sustainability Alliance (ORESA), an Interreg North-West Europe project, is inviting small and medium-sized enterprises (SMEs) developing innovative products, technologies, or services within the offshore energy sector to apply for its second innovation call. This 2nd Innova

about 2 months ago
FPSO Valente (formerly known as FPSO Frade) operating in the Frade field off Brazil; Source PRIO
Business & Finance

Brazilian firm picks new COO after previous one steps down

Brazilian oil and gas company PRIO, formerly known as PetroRio, has unveiled the identity of its new Chief Operating Officer (COO), following the resignation of the previous COO.

about 2 months ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Business & Finance

Turkish shipyard delivers 100-meter cable lay vessel to Norway

Norwegian Agalas has taken delivery of a cable laying support (CLSV) and light construction vessel built in Türkiye that will operate with compatriot offshore contractor Cecon Contracting. Cecon Vigor was launched at the Sefine Shipyard in April 2025 and, following delivery to Agalas yesterday, May

about 2 months ago
MESH and existing energy infrastructure and projects surrounding it; Source: EnergyPathways
Business & Finance

New gas storage license on the horizon for UK’s integrated energy storage project

England-based energy transition-focused player EnergyPathways is awaiting the award of a gas storage license (GSL) from the North Sea Transition Authority (NSTA) in connection with the firm’s flagship energy storage project off the Cumbria coast in the East Irish Sea.

about 2 months ago
Deepwater Atlas drillship (for illustration purposes); Source: Transocean
Business & Finance

Transocean’s $5.8 billion merger with Valaris pending US antitrust clearance

Switzerland-based offshore drilling contractor Transocean’s business combination with the Bermuda-incorporated Valaris is facing extended antitrust scrutiny, as the offshore drilling giants’ merger request is under review with the Federal Trade Commission and the Antitrust Division of the United Sta

about 2 months ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Business & Finance

Hybrid flexible pipe for ultra-deepwater to hit the market in 2028

Energy technology company Baker Hughes and Dutch thermoplastic composite pipe (TCP) manufacturer Strohm are developing a hybrid flexible pipe (HFP) for ultradeepwater risers and flowline applications that will be half as heavy as a conventional flexible pipe. Under an inked memorandum of understandi

about 2 months ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Business & Finance

DOF to build four green vessels for 12-year contracts with Petrobras

Norwegian DOF Group is set to construct four ROV support vessels (RSVs) that will be deployed for respective 12-year charter/service contracts with Brazilian oil & gas giant Petrobras. Following a competitive tender process, DOF has been awarded the long-term contracts with Petrobras, with a value c

about 2 months ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Business & Finance

Valaris’ batch of rig deals lifts total contract backlog to $4.9 billion

Bermuda-incorporated offshore drilling contractor Valaris has secured new rig assignments and contract extensions in Brazil, Brunei, Indonesia, and the UK and Dutch sectors of the North Sea.

about 2 months ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Business & Finance

Petrobras, Shell, TotalEnergies, and Petrogal formalize production split for Brazilian oil field duo

Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP) has disclosed the go-ahead for the production individualization agreements (AIPs) for shared reservoirs in the pre-salt layer of the Santos Basin.

about 2 months ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Business & Finance

Shell and Kosmos put US Gulf hydrocarbon prospect on their 2027 drilling agenda

U.S.-headquartered oil and gas exploration and production company Kosmos Energy and its partner, Shell, are planning to spud a prospect in the Gulf of America (U.S. Gulf of Mexico) next year.

about 2 months ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Business & Finance

Saipem’s Castoro 10 starts pipelaying on Romania’s €4 billion natural gas project

Saipem’s 165-meter-long pipelay vessel Castoro 10 has begun the construction of an offshore pipeline in the Romanian part of the Black Sea that will transport natural gas from an offshore production platform to shore as part of the Neptun Deep project. With estimated investments of up to €4 billion,

about 2 months ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Business & Finance

70 more offshore exploration blocks widen Norway’s new oil & gas licensing round

Norway’s Ministry of Petroleum and Energy has shed light on the expanded award in pre-defined areas 2026 (APA 2026) round for oil and gas exploration activity, encompassing the predefined areas on the Norwegian Continental Shelf (NCS) with blocks in the North Sea, Norwegian Sea, and Barents Sea.

about 2 months ago
Kvitebjørn - Equinor - Wellesley
Business & Finance

Aker Solutions on FEED duty for North Sea gas condensate discovery

Norway-based energy services provider Aker Solutions has lined up a new front-end engineering and design (FEED) assignment for a gas condensate subsea tie-in development project in the Norwegian sector of the North Sea with the country’s state-owned energy giant Equinor.

about 2 months ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Business & Finance

‘Substantial’ contract prolongs DOF vessel’s stay in Asia Pacific

DOF Group has secured a contract valued at between $25 million and $50 million for subsea commissioning services in the Asia-Pacific (APAC) region which will begin next year. The contract, defined as substantial, will see the deployment of the construction support vessel (CSV) Skandi Inventor for th

about 2 months ago
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