NYK Stolt Tankers opts for two additional chemical tankers at Chinese shipyard

France Calls Draft Law on Oil Exploration in Overseas Territories

French Finance Minister Roland Lescure called a draft law proposing to allow offshore oil and gas exploration in its overseas territories 'anachronistic' during…

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How Impact Subsea's ISS360 Series is Redefining Compact Sonar

Impact Subsea, a leader in subsea sensor technology, has continued to develop their ISS360 Imaging Sonar range.Since its debut in 2020, the ISS360 is a solution for ROV and AUV navigation and

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Mozambique and TotalEnergies Restart Stalled $20B LNG Project

Mozambique and TotalEnergies formally restarted the French energy major's $20 billion liquefied natural gas project in the country at a ceremony on Thursday, nearly…

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Formosa 4 Offshore Wind Substation Enters Fabrication Phase

The consortium of Semco Maritime and PTSC Mechanical & Construction has started fabrication work on the Formosa 4 offshore substation, marking a key construction…

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FET to Deliver Super Mohawk ROV to European Navy

Forum Energy Technologies (FET) has agreed a contract with a major shipbuilding group to supply a European navy with a remotely operated vehicle (ROV) system.Under the agreement, FET will deliver its Super

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Noble Completes $360M Sale of Five Jack-Ups to Borr Drilling

Offshore drilling contractor Noble Corporation has completed the sale of five jack-up drilling rigs to Borr Drilling for $360 million.Under the transaction, Noble…

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Equinor Gets Permit to Drill North Sea Wildcat Well

The Norwegian Offshore Directorate (NOD) has granted Equinor a drilling permit for a wildcat well in the North Sea.The permit is for wellbore 25/7-13 in production license 782 S…

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Petrobras’ Proven Oil and Gas Reserves Climb to 12.1 Bln Boe

Brazilian state-run oil firm Petrobras PETR4.SA said on Wednesday its estimated proven reserves of oil, condensate and natural gas rose to 12.1 billion barrels of oil equivalent (boe) in 2025…

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Worley Nets Equinor’s Framework Deal for Norway Offshore Assets

Worley has been selected by Equinor to enter into a framework agreement to provide offshore support services for selected oil and gas facilities on the Norwegian Continental Shelf…

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GE Vernova Faces Revenue Hit After Offshore Wind Project Setbacks

GE Vernova said on Wednesday that its wind power unit might take about $250 million revenue hit this year due to installation delays at an offshore Massachusetts…

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Phoenix Introduces Novasub Commercial Diving System

Phoenix International is advancing modern commercial diving operations with Novasub, a Phoenix diving system designed around modularity, digital integration, and operational flexibility. Unlike traditional commercial diving systems built around large analog control

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MacArtney Closes a Strong Year, Prepared for Continued Demand

MacArtney’s financial performance in 2024/25 reflects the industry demand for reliable, integrated solutions, as the year closed with revenue of USD$205 million (DKK 1,281 million), up from USD$173 million (DKK 1,082 million),