Industry News

TDI-Brooks has successfully completed a 2D high-resolution shallow hazard seismic survey offshore Trinidad & Tobago. The acquired and processed lines support de-risking efforts for a planned offshore cluster installation, as well as the subsequent drilling of wells from this structure. Through the acquisition, processing, and interpretation of the 2D high-resolution seismic data, the identified areas of interest have been effectively evaluated and risk-reduced. In total, approximately 80 line-kilometers were completed using TDI-Brooks’ vessel…

While oil and gas are once again flowing through the Strait of Hormuz, the closure of the vital waterway for over 100 days could prove to be a turning point in global energy markets. The Arab oil embargo of 1973, a similarly disruptive supply shock, offers clues about where we might be headed.The latest Middle East crisis tested the limits of the modern energy system, which has evolved over recent decades into a highly interconnected global market held together by thousands of tankers…

Equinor has decided to end its offshore wind business activities in Japan, where it has been since 2018 but has failed to win any leases in successive auctions, and close its Tokyo office by the end of 2026.Orsted, the world's largest offshore wind developer, exited Japan in 2024 and Equinor has previously scaled back offshore wind development in markets including Vietnam, Spain, Portugal and France, citing rising costs.Offshore wind projects globally have been hit by rising costs and persistent supply chain constraints."This decision reflects a reassessment of Equinor's strategic direction, w

Aker Solutions signed a 'sizeable. ($50m to $150m by the company's definition)  five-year agreement with Cenovus Energy Inc. for engineering and maintenance services on White Rose field assets.The White Rose field is located approximately 350 km east of St. John’s, Newfoundland and Labrador, Canada, on the eastern edge of the Jeanne d’Arc Basin.The scope includes comprehensive engineering, maintenance, and operations support for the new West White Rose platform as well as the SeaRose Floating Production Storage and Offloading (FPSO) vessel.

How well do we really understand the electrical systems powering today’s vessels? Many of us realize how important electricity is to our modern world but may be a bit shaky on the specifics. The Welsh comedian Tommy Cooper once joked, "Electricity is a wonderful thing. Do you realize that if we didn't have electricity, we'd be watching television by candlelight?"For those who have worked on vessels for many years, the increasing complexity may be a sore point, especially for those who have been hands-on in their careers and been zapped a few times.

Offshore floating solar company SolarDuck and the Maritime Research Institute Netherlands (MARIN) have been awarded a USD$3.64 million (€3.2 million) subsidy from the Netherlands Enterprise Agency (RVO) for the Steady Seas research program. The project will advance the foundational design of SolarDuck's Offshore Floating Power & Utility Hub (OFPH), a single-platform offshore solar solution developed to provide reliable power, communications and other utilities to remote offshore and subsea assets.As offshore energy activity moves further from shore…

For decades, floating nuclear power occupied a niche position in the energy debate – technically feasible, strategically intriguing, but commercially marginal. Today, however, combined pressures of decarbonization, energy security, land constraints, rising electricity demand and water scarcity are making floating nuclear power a more serious proposition for policymakers, utilities, and infrastructureFloating Nuclear offers a potential source of reliable, low-carbon electricity and heat (and…

Faced with declining production post-2030, across Sub-Saharan Africa (SSA), the Majors have started the process of reloading exploration hoppers. Targeting predominantly deep and ultra-deep waters, they have signed numerous agreements aimed at unlocking acreage and discovering the next Namibia or Guyana. But while there have been agreements for acreage that were offered as part of traditional licensing rounds – such as the award to TotalEnergies of PPLs 2000 and 2001 in Nigeria in September 2025 – there has been an increasing trend to sign Memorandums of Understanding (MoU)…

After several years of strong activity, the Middle East offshore market has become more volatile, with geopolitical tensions disrupting day-to-day operations. Following US and Israeli military action and subsequent Iranian attacks on neighbouring Gulf states, operators introduced precautionary measures, including temporary rig suspensions and down-manning in Saudi Arabia, the UAE and Qatar.This triggered a sharp short-term slowdown from late February into March.The April ceasefire allowed offshore activity to recover gradually…

SeaBird Exploration, a wholly owned subsidiary of SED Energy Holdings, has secured a contract for ocean bottom node (OBN) source work in West Africa.The company said the Fulmar Explorer vessel will be deployed for the campaign, which has a total duration of about three months, including mobilization and demobilization.Mobilization is expected to begin after the vessel completes its five-year classing, which is currently scheduled for August 2026."We are pleased to secure additional work for Fulmar Explorer, further strengthening our backlog.

Indonesian offshore vessel operator PT Wintermar Offshore Marine (WINS) has acquired the remaining stakes in Singapore-based Fast Offshore Supply (FOS) and its subsidiary PT Fast Offshore Indonesia (FOI), gaining full control of both companies and expanding into the building and operation of aluminium crew transfer vessels (CTVs).WINS acquired the remaining 52.5% shareholding in FOS and the remaining 49% stake in FOI, which it previously owned jointly with FOS.FOS won an international…

Ocean services provider DeepOcean has completed the installation and testing of all inter-array cables at the Nordseecluster A offshore wind farm in Germany.DeepOcean's contract included project management and engineering, the provision of cable protection systems, offshore preparatory works, pre-installation cable route surveys, transport and installation of inter-array cables, cable pull-in and cable burial activities.Cable-laying operations began in January 2026, with a total of 48 inter-array cables installed between January and April.

Japanese offshore services company MODEC has secured a contract to supply a SOFEC internal turret mooring system for the Coral Norte floating liquefied natural gas (FLNG) project offshore Mozambique, being developed by Eni and its partners.MODEC is collaborating with the Technip Energies-JGC joint venture on the project to support integration and execution of the mooring system.The Coral Norte project is being developed by Eni together with CNPC, ENH, XRG and KOGAS.The project…

Yinson Production has held a naming ceremony for the floating storage and offloading (FSO) unit PTSC Lac Da Vang ahead of the vessel's deployment to the Lac Da Vang oil project offshore Vietnam.The FSO vessel has been contracted to Murphy Cuu Long Bac Oil, a wholly owned subsidiary of Murphy Oil Corporation, to provide storage and offloading services for the Lac Da Vang field in Block 15-1/05 offshore Vietnam.The contract has a firm term of 10 years and includes an option to extend…

The owner of the Gazprom-controlled Nord Stream 2 gas pipeline is suing the European Union in the bloc's second-highest court, seeking to annul the EU's binding phase-out of gas imports from Russia, a public document showed.The EU approved a law this year to halt all Russian gas imports by late 2027, severing ties with Europe's former top supplier in response to Moscow's 2022 invasion of Ukraine.The ban blocked the prospect of reviving the Nord Stream system - two double pipelines under the Baltic Sea…

Oman said it would keep the Strait of Hormuz open to shipping without imposing any tolls and had designated two temporary routes north and south of the existing shipping lane to facilitate the safe passage of vessels departing the region.In coordination with the International Maritime Organization, Oman established temporary maritime corridors to help ships leave the area safely amid heightened security risks.The Strait of Hormuz, a vital route for roughly a fifth of global oil and liquefied natural gas supplies before the war…

Italian energy services company Saipem has launched operations for the GranMorgu offshore project in Suriname with the arrival of the multi-purpose construction vessel Normand Navigator at the Jules Sedney Harbour commercial port in Paramaribo.The vessel is berthed and ready to begin preliminary activities for the project, which is located in Block 58 around 150 km offshore and is scheduled to start production in 2028.GranMorgu is operated by TotalEnergies, which holds a 40% interest…

Logistics and materials management company ASCO has opened its first office in the Middle East, establishing a presence in Qatar as it looks to expand its regional operations and support growing demand for logistics and environmental services.The new office in Doha will support ASCO's clients across the Gulf Cooperation Council (GCC) countries as well as the wider Middle East and Asia-Pacific regions, bringing the company's services closer to customers in energy, port and marine markets.The Middle East business will be managed by Craig Revie…

Energy and marine consultancy ABL has opened a new office in Salvador, Brazil, expanding its presence in the country and strengthening its asset integrity management offering for the oil and gas, maritime and industrial sectors.The new office will support asset integrity management projects in Brazil and across the wider Americas region, while also serving as a platform to expand ABL's broader portfolio of maritime, offshore, engineering and renewable energy services.The Salvador office will be headed by Mauricio Viana…

Oil prices fell more than 1% on Tuesday, extending losses from the previous session, on signs of some progress in restoring crude flows through the Strait of Hormuz following U.S.-Iran peace talks.Brent crude futures LCOc1 fell $1.09, or 1.4%, to $76.81 a barrel and U.S. West Texas Intermediate CLc1 declined to $72.99 a barrel, down 87 cents, or 1.2%, as of 0607 GMT.Prices fell more than 3% on Monday after the United States granted Iran a 60-day sanctions waiver following initial peace talks…

Tampnet, the world’s largest offshore high-speed, high-capacity communications provider, has been selected by an international energy major to deliver advanced connectivity solutions to two development projects in the US Gulf.The projects in Keathley Canyon in the Gulf of America have leveraged Tampnet's digital and engineering concept for high-capacity offshore connectivity which is set to enable remote collaboration and data-driven operations.Tampnet will provide subsea optical fiber and 5G connectivity to both assets…

Four liquefied natural gas tankers controlled by Qatar headed into the Strait of Hormuz on Monday, despite a fall in ship traffic after Iran announced that it had again closed the waterway over the weekend, shipping data showed.The tankers - Wadi Al Sail, Mekaines, Al Sadd and Mesaimeer - entered the strait via the Iranian route for the first time since the U.S.-Israeli war with Iran started, shiptracking data from analytics firm Kpler showed.QatarEnergy, whose LNG exports have been heavily curbed since the war began on February 28…

A new engineering design and commercial advisory company focused on offshore wind, subsea transmission and marine infrastructure projects has launched in Ireland under the name of Insight Marine, targeting growing demand for specialist support across the global maritime sector.Headquartered in County Wicklow, Insight Marine has been established to provide engineering design, technical advisory and commercial services to offshore wind developers, transmission system operators, port owners…