The Norwegian Ministry of Energy has received applications from 21 companies showing interest in new exploration areas on the Norwegian Continental Shelf (NCS) as part of this year’s Awards in predefined areas (APA) licensing round. APA 2026 was announced on May 5, with applications closing on Septe
South Korea’s Hanwha Ocean has secured a basic design review (BDR) certification from ABS for a standardized floating production, storage and offloading (FPSO) design developed for the South American and West African deepwater market, as well as related sustainability reviews. The review included th
The Vertical Corridor is expanding into the Western Balkans, with North Macedonia and Serbia joining the regional gas initiative in a move set to strengthen energy diversification, cross-border connectivity, and security of supply from Greece to markets across Southeast and Central Europe.
The first fully operational, pre-permitted and grid-connected wave energy test facility in the continental U.S. has opened for business. Officially opened on August 27, PacWave South is located off the coast of Newport, Oregon, and has been developed through the collaboration of the U.S. Department
Lloyd’s Register (LR), the UK-based classification society, and the Marine Design and Research Institute of China (MARIC) have unveiled a tri-fuel-ready tanker concept designed to give owners flexibility to pursue liquefied natural gas (LNG), methanol, or ammonia as fuel technologies, infrastructure
Texas-headquartered offshore energy services provider Helix Energy Solutions and Hornbeck Offshore Services, a Louisiana-headquartered supplier of offshore transport services, have completed their merger, establishing what they describe as a premier integrated offshore services company. As announced
Italian energy giant Eni is broadening its offshore footprint in Uruguay by taking operatorship of an exploration block with YPF’s subsidiary, MIWEN, as its partner.
Dolphin Drilling, an Oslo-listed, Aberdeen-headquartered owner and operator of a fleet of harsh-environment mid-water and deepwater semi-submersible drilling rigs, has received a proposal from Lagos-based General Hydrocarbons Limited (GHL) to resolve their long-running arbitration dispute through a
Mexican offshore services company Cotemar has launched an enforcement action in New York seeking $59.4 million from ABSG Consulting, a U.S. government contractor and subsidiary of American Bureau of Shipping (ABS), after two court victories in Mexico ordering ABSG to pay for work completed more than
The North Sea may be a mature oil and gas basin, but it is still yielding more discoveries, as highlighted by two Norwegian energy companies, Equinor and Aker BP, which have struck gas/condensate on the Norwegian Continental Shelf (NCS), underscoring the potential to find and develop additional reso
Brazilian state-owned energy giant Petrobras is advancing its push into West Africa’s offshore oil and gas frontier, entering negotiations for exploration contracts covering four blocks in Ghana’s Keta Basin as the Brazilian major seeks to replenish reserves and expand its international exploration
Adura, an incorporated joint venture (IJV) between the UK-headquartered Shell and Norway’s Equinor, has confirmed the end of a public consultation period on the development of an oil and gas field in the North Sea. This project on the UK Continental Shelf (UKCS) is now awaiting the UK government’s f
UK-headquartered energy giant Shell has hit a dead end in its plans for oil and gas exploration off South Africa’s Wild Coast, after the Constitutional Court overturned a Supreme Court of Appeal (SCA) order that had kept the project alive, delivering a major victory for environmental groups and loca
UK-headquartered energy giant BP and its partners, ADNOC’s XRG and UCC Oil and Gas Holding, have secured a key license off the coast of Venezuela in a push to unlock 4 trillion cubic feet (tcf) of proven gas resources.
