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Business & Finance

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Vietnam’s REE unveils investment plan for offshore wind, floating solar
Business & Finance

Vietnam’s REE unveils investment plan for offshore wind, floating solar

Vietnam’s Refrigeration Electrical Engineering Corporation (REE) is planning a billion-US-dollar push into offshore wind and floating solar as part of its renewable energy expansion strategy, according to Vietnamese media. At its 31 March 2026 annual general meeting, REE outlined plans to significan

about 3 months ago
Offshore rig
Business & Finance

Rig gigs with Petrobras bring Constellation $1.1 billion in additional backlog

Constellation Oil Services, a Brazilian drilling contractor, has augmented its contract backlog thanks to extensions of drilling assignments for three rigs with Brazil’s state-owned energy giant Petrobras.

about 3 months ago
FPSO Northern Endeavour; Source:
Business & Finance

27-year-old FPSO ends its final voyage at European ship recycling facility

A floating production, storage, and offloading (FPSO) unit has reached its final destination in Europe, where it will be recycled at Modern American Recycling Services (MARS) in Denmark.

about 3 months ago
6% of Welsh people think renewable energy development should decrease, research shows
Business & Finance

6% of Welsh people think renewable energy development should decrease, research shows

New research by RenewableUK Cymru has found that 71% of Welsh people believe renewable energy development should increase, with just 6% saying it should decrease, and 58% want Wales’s future energy system to be mainly or entirely based on renewable energy. New polling published by RenewableUK Cymru

about 3 months ago
Ran jack-up rig; Source: FOSS & ESG; Credit: Borr Drilling
Business & Finance

Borr Drilling’s rig quartet lines up work in four corners of the world

Borr Drilling, an offshore drilling player with its corporate base in Bermuda, has landed new drilling assignments for multiple premium jack-up rigs, spanning four continents: Africa, Asia, Europe, and the Americas.

about 3 months ago
Noble Globetrotter I drillship; Source: Noble
Business & Finance

No ‘significant’ gas volumes in Black Sea exploration well

OMV Offshore Bulgaria, an affiliate of Southeastern Europe’s integrated energy player OMV Petrom, NewMed Energy Balkan, a subsidiary of Israel’s NewMed Energy, and Bulgarian Energy Holding EA have drilled a second exploration well in the Black Sea off the coast of Bulgaria.

about 3 months ago
Illustration; Source: BOEM
Business & Finance

US portrays offshore leasing and planning as ‘critical’ to historic oil output highs

The U.S. Department of the Interior’s Bureau of Ocean Energy Management (BOEM) has spotlighted the role offshore leasing and planning play in driving record oil production on the U.S. Outer Continental Shelf (OCS).

about 3 months ago
Illustration; Source: Petronas
Business & Finance

Trio picks up new production sharing contract in Peninsular Malaysia

A new production sharing contract (PSC) for an asset off the coast of Malaysia has been awarded to Medco Asia Pacific, a wholly-owned subsidiary of Indonesia’s PT Medco Energi Internasional (MedcoEnergi), Dialog Resources, and EnQuest Petroleum Production Malaysia, a subsidiary of London Stock Excha

about 3 months ago
First Malta-Italy interconnector back in service after works on second link demanded shutdown
Business & Finance

First Malta-Italy interconnector back in service after works on second link demanded shutdown

The first interconnector between Italy and Malta has returned to operation after it was shut down due to work on the second interconnector that will connect the two countries. As announced on March 28, the scheduled intervention required the temporary suspension of IC1 to allow for the safe reroutin

about 3 months ago
Tidewater
Business & Finance

ABL supporting Tidewater’s vessels in Mediterranean, Black Sea, and wider Europe

ABL’s Egyptian operation, part of Oslo-listed global consultancy ABL Group, has sealed a new deal with Tidewater Marine Egypt, a subsidiary of Tidewater, to provide certain services to the fleet owner and operator’s offshore support vessels (OSVs) working in the Egyptian part of the Mediterranean Se

about 3 months ago
DroneQ Robotics gets exclusive rights to use 2014-built research vessel
Business & Finance

DroneQ Robotics gets exclusive rights to use 2014-built research vessel

Dutch advanced unmanned robotics services provider DroneQ Robotics has received exclusive rights to deploy Mark Offshore’s research and survey vessel for its own and third-party projects. This comes as Dutch Mark Offshore signed an agreement with Lithuania’s Klaipėda University to handle the managem

about 3 months ago
Illustration; Source: Chevron
Business & Finance

African gas project ticks FID off the list as Subsea7 scores multimillion-dollar deal

U.S.-headquartered energy giant Chevron has taken a final investment decision (FID) for a gas monetization project off the coast of Equatorial Guinea. Noble Energy EG, a Chevron company, has tasked Luxembourg-domiciled Subsea7 with the subsea installation scope for this project.

about 3 months ago
Abadi LNG; Source: Inpex
Business & Finance

More time for Inpex and Pertamina to work on Asian LNG project

Inpex Masela, a subsidiary of Japan’s Inpex, has prolonged its memorandum of understanding (MOU) with Indonesia’s PT Pertamina (Persero) (Pertamina) for a strategic collaboration to proactively pursue the implementation of a liquefied natural gas (LNG) project in the Arafura Sea, Southeast Asia.

about 3 months ago
Illustration; Source: QatarEnergy
Business & Finance

Missile hits oil tanker chartered to QatarEnergy

Qatar’s state-owned oil and gas giant QatarEnergy has confirmed a missile attack on a fuel oil tanker off the Persian Gulf state’s coast.

about 3 months ago
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