SLB Beats Profit Forecasts, Unveils $4B Return Plan

Japan Tests Deep Seabed Mining of Rare-Earth Mud

Japan will conduct test mining of rare-earth-rich mud from the deep seabed off Minamitori Island, some 1,900 kilometres (1,180 miles) southeast of Tokyo, from January 11 to February 14, the head of

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Petrobras FPSO Initiates Búzios 6 Production

The FPSO P-78 can produce up to 180,000 barrels per day and will increase the gas supply.Petrobras began oil production from the P-78 floating production, storage…

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North Sea Oil Supply Edges Lower

North Sea daily oil output in February will be slightly lower than January's plan, dropping by about 0.5%, according to Reuters calculations based on loading programmes provided by trade sources…

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Tech Feature: Offshore Wind Turbines & Pushing Gear Oil Limits

As demand for wind energy intensifies, turbine reliability and efficiency are paramount. In this context, lubrication plays a vital - yet often underestimated - role…

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Offshore Wind: Building the UK’s First Nearshore Artificial Nesting Structures

As offshore wind rises to meet ambitious climate goals, balancing the need for infrastructure with maintaining biodiversity has become a pressing challenge. One innovative…

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Saipem Lands $425M Turkish Gas Contract in Sakarya Expansion

Italy's Saipem has been awarded a new offshore contract worth approximately $425 million by Turkish Petroleum OTC for additional work on the third phase of the Sakarya…

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OE’s 2025 Top of the Festive Video Pops: Santa Goes Offshore

The holiday season would not feel complete without festive greetings from offshore industry companies - and once again, they have delivered.While most of us are busy wrapping presents…

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Fincantieri’s WASS Bags $235M Torpedo Order from Indian Navy

Fincantieri, via its subsidiary WASS Submarine Systems, has secured a contract from the Indian Navy to supply Black Shark Advanced (BSA) heavyweight torpedoes for six Scorpène-class submarines in service with the fleet.The

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Saipem Awarded Two Offshore Contracts in Saudi Arabia at $600m

Saipem has been awarded two offshore contracts in Saudi Arabia, known as Contract Release Purchase Orders (CRPO), under its existing Long-Term Agreement with Aramco…

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Fincantieri's WASS Snags Torpedo Deal

Fincantieri’s underwater systems subsidiary WASS has secured its largest contract to date, winning an order from the Indian Navy to supply Black Shark Advanced (BSA) heavyweight torpedoes for the service’s Scorpène-class submarine

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DOF Inks $150M ROV Support Vessel Contract with Petrobras

Norwegian offshore vessel owner DOF Group has secured a new four-year contract with Petrobras for the remotely operated support vessel (RSV) Skandi Commander.The contract was awarded following the same competitive tender process

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Nexans Sets Record with Deepest-Ever HVDC Subsea Cable Installation

French cable maker Nexans has set a new world record in the subsea power cable industry after installing a 500 kV high-voltage direct current (HVDC) subsea cable at a depth of 2,150