Shell Nigeria Exploration and Production Company has begun planned maintenance on its Bonga deepwater oil vessel, a move that will temporarily cut Nigeria’s oil export capacity by about 225,000 barrels per day but could extend the asset’s lifespan…
MODEC has signed a statement of strategic intent with Eld Energy and Delta Electronics to collaborate on the development of a solid oxide fuel cell power generation system for offshore and maritime applications, including floating production…
Malaysia's state energy firm Petronas said on Thursday it will ramp up exploration and production over the next three years to strengthen domestic energy security.Petronas said it aims to maintain domestic output at close to two million barrels of oil equivalent per day between 2026 and 2028…
Researchers from the Technical University of Denmark have highlighted that taking a comprehensive view of the chemical composition of potential fluids leaking from geological CO2 storage reservoirs raises new questions about the potential risks…
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 project and that it was expecting a drop in order backlog.The company said the…
MODEC has signed a joint development agreement with Norway-based Eld Energy to advance an integrated solid oxide fuel cell and CO2 capture system for floating production, storage and offloading (FPSO) vessels, as the offshore industry looks to cut emissions from power generation…
Akrake Petroleum, an indirect subsidiary of Rex International Holding, is completing drilling operations on a key production well at the Sèmè field offshore Benin, with oil production expected to begin in early February.The drilling operations…
Kongsberg Maritime has signed a contract to deliver a comprehensive deck machinery package for a new-generation 127-metre Floating Wind Construction Vessel (FWCV) being built for Hana Shipping of Korea.Scheduled for delivery in July 2027, the…
European Union countries on Monday gave their final approval to the bloc's plan to ban Russian gas imports by late 2027, allowing it to pass into law.The policy makes legally-binding the EU's vow to cut ties with its former top gas supplier…
Baker Hughes on Sunday reported an 11% rise in adjusted profit for the fourth quarter as demand for its gas technology equipment and services more than offset weakness in its oilfield services and equipment business.The company has banked on demand for equipment and services…
Nigerian President Bola Tinubu has approved 'targeted, investment-linked' incentives for Shell's Bonga South West deepwater oil project following a meeting with the company's CEO, Tinubu's office said.The proposed incentives are the latest in…
TMC Compressors has secured a contract by COSCO Shipping Heavy Industry to deliver a complete marine compressed air system to SBM Offshore’s newbuild floating storage and offloading (FSO) unit Chalchi.The FSO Chalchi is bound for deployment at the Trion deepwater oil field…
Chevron plans to close a deal to sell its oil refining and distribution assets in Singapore in the first quarter of the year as it engages in a final round of talks with Japanese refiner Eneos and Glencore, four sources with knowledge of the matter said…
Britain's Harbour Energy on Thursday forecast 2026 production of 435,000 to 455,000 barrels of oil equivalent per day (boepd), excluding the impact of planned asset sales and the company's $3.2 billion acquisition of LLOG.The figures are lower than the 474…
Abu Dhabi Ports Group, via its subsidiary SAFEEN Drydocks, has acquired full ownership of Balenciaga Astilleros Shipyard in Spain for a total consideration of $13.1 million, consolidating the group’s operations in Spain and the Mediterranean and supporting its expansion in the offshore wind sector…
