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Outlook & Strategy

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Bourbon’s fleet stronger for 13 vessels
Outlook & Strategy

Bourbon’s fleet stronger for 13 vessels

French maritime services player Bourbon has strengthened its fleet with 13 new offshore support vessels since the start of 2026, representing a value of over $180 million, with 10 of them already under contract. Bourbon has acquired six diesel-electric vessels from the Minsheng Group, five platform

about 5 months ago
Norway: Dry well in license awarded in 1985
Outlook & Strategy

Norway: Dry well in license awarded in 1985

Norway’s state-owned energy firm Equinor and its partners have drilled a dry well off Norway in the North Sea, in a production license awarded in August 1985. Following the drilling permit awarded in January, the wildcat well 34/8-A-37 H was drilled in production licence 120, 140 kilometers west of

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about 5 months ago
Illustration; Source: ExxonMobil
Outlook & Strategy

ExxonMobil reaffirms trust in Saipem with eighth contract offshore Guyana

Italian engineering, drilling, and construction services giant Saipem has secured a new offshore contract with ExxonMobil in Guyana, covering the operator’s eighth oil discovery in the Stabroek block. Worth around $150 million, ExxonMobil Guyana Limited awarded Saipem with a limited notice to procee

about 5 months ago
UK’s Portland Port approved for LNG ship-to-ship transfers
Outlook & Strategy

UK’s Portland Port approved for LNG ship-to-ship transfers

Portland Port in the UK has received full approval to carry out liquefied natural gas (LNG) ship-to-ship (STS) transfers, adding to its existing oil and liquified petroleum gas (LPG) transfer services. At the port based in South Dorset, STS operations can be performed alongside one of the berths or

about 5 months ago
Oceaneering pilots ROV on Brazilian offshore drilling rig from land
Outlook & Strategy

Oceaneering pilots ROV on Brazilian offshore drilling rig from land

Oceaneering has performed the first piloting operation of a remotely operated vehicle (ROV) on a drilling rig offshore Brazil from its onshore remote operations center (OROC), for Brazilian oil & gas giant Petrobras. The company’s Subsea Robotics segment and Brazilian subsidiary Marine Production Sy

about 5 months ago
DOF’s subsea vessel completes ‘major’ makeover at VARD
Outlook & Strategy

DOF’s subsea vessel completes ‘major’ makeover at VARD

Norway’s VARD has completed upgrades of DOF Group’s 2018-built subsea vessel Skandi Minder to strengthen its capabilities and extend service life. The repair and conversion described as “major” were performed at Vard Langsten and included a remotely operated vehicle (ROV)/LARS upgrade with installat

about 5 months ago
Illustration; Source: OMV
Outlook & Strategy

BP executive becomes OMV’s first female CEO

Austria-headquartered oil & gas player OMV has appointed BP executive Emma Delaney as its first female chief executive officer (CEO), succeeding Alfred Stern. Delaney has been appointed by OMV‘s Supervisory Board as the Chairwoman of the Executive Board and CEO as of September 1, and will assume the

about 5 months ago
Innovex expands with acquisition of 2013-founded US firm
Outlook & Strategy

Innovex expands with acquisition of 2013-founded US firm

Innovex International, a Houston-based company established in 2024 by the merger of Dril-Quip and Innovex Downhole Solutions, has acquired Louisiana-headquartered Drilling Innovative Solutions (DIS), a manufacturer and distributor of downhole tool products for oil & gas exploration. Innovex said tha

about 5 months ago
Lloyd’s Register, South Korean uni to set up global certification framework for liquid hydrogen shipping
Outlook & Strategy

Lloyd’s Register, South Korean uni to set up global certification framework for liquid hydrogen shipping

UK-based classification society Lloyd’s Register and South Korea’s Pusan National University (PNU) have signed a memorandum of understanding (MoU) to establish the first-ever global certification framework for liquid hydrogen shipping. The framework aims to create the first internationally recognize

about 5 months ago
TGS to spend additional three years at Gulf of America job
Outlook & Strategy

TGS to spend additional three years at Gulf of America job

Norway’s energy data and intelligence company TGS has secured an extension to a multi-year ocean bottom node (OBN) acquisition contract in the Gulf of America. The contract has been extended for an additional three-year duration, with a “major producer in the Gulf of America”, TGS said. Kristian Joh

about 5 months ago
After LNG vessel deal, Dubai-based firm orders four new VLGCs to enrich LPG fleet
Outlook & Strategy

After LNG vessel deal, Dubai-based firm orders four new VLGCs to enrich LPG fleet

Dubai-based independent energy and commodities trading group BGN is expanding its liquefied petroleum gas (LPG) fleet capacity with the order for four new dual-fuel very large gas carriers (VLGCs) to be built in Korea. HD Hyundai Heavy Industries (HD HHI) will construct the four VLGCs at its shipyar

about 5 months ago
Three-party union in Singapore targets low-carbon ammonia as marine fuel
Outlook & Strategy

Three-party union in Singapore targets low-carbon ammonia as marine fuel

A three-party partnership has been established to explore the marketing and supply of low-carbon ammonia as a marine fuel to maritime end-users in Singapore. Singapore-headquartered NYK Bulkship (Asia), a subsidiary of Japanese shipping major NYK, Singaporean bunker supplier Golden Island, and Yara

about 5 months ago
‘World’s first’: Methane removal system debuts at sea
Outlook & Strategy

‘World’s first’: Methane removal system debuts at sea

A U.S.-UK partnership has launched what is said to be the first-ever pilot project that will see the extended at-sea trial of a system designed to remove methane during normal ship operations. California-headquartered climate technology company Bennu Climate and Lomarlabs, an innovation arm of Lomar

about 5 months ago
TGS to support exploration activity in Equatorial Guinea with seismic data
Outlook & Strategy

TGS to support exploration activity in Equatorial Guinea with seismic data

Norwegian energy data and intelligence company TGS has signed a strategic agreement with the Republic of Equatorial Guinea for the acquisition, processing, reprocessing and promotion of seismic and geophysical data across the country’s offshore basins. TGS announced on April 16 that it will deliver

about 5 months ago