Activity News

ADNOC’s XRG has completed the acquisition of an additional equity interest in Trains 4 and 5 of the Rio Grande LNG project in Texas, increasing its participation across all five trains currently under construction at the liquefied natural gas (LNG) export facility.The transaction increases XRG's overall participation in the NextDecade-operated project through the acquisition of an additional 7.6% equity interest in Trains 4 and 5 from an acquisition vehicle of Global Infrastructure Partners…

Kongsberg has signed a contract with an unnamed international customer to deliver technologies for the protection of critical infrastructure.The project will focus primarily on underwater surveillance and protection, according to Kongsberg, which did not disclose the value of the contract.Critical infrastructure includes oil and gas installations, telecommunication cables, energy grids, ports and transportation networks.“Preventing and detecting threats and attacks are essential to protect people and critical infrastructure.

MODEC has completed the forward hull section of floating production, storage and offloading (FPSO) vessel Gato do Mato, marking a key construction milestone for the Brazil-bound offshore production unit.The forward hull section, built at Sumitomo Heavy Industries Marine & Engineering's Yokosuka shipyard in Japan, has departed for China, where it will be integrated with the aft hull section before the vessel moves to the next stage of construction.The project is the first to use…

Belgian marine contractor DEME has ordered a next-generation trailing suction hopper dredger (TSHD) as part of a fleet expansion aimed at improving efficiency in dredging, land reclamation and offshore seabed preparation.The new vessel will have a hopper capacity of 22,000 cubic meters and is designed to reduce greenhouse gas intensity and lower dredging costs compared with existing vessels in the same segment, the company said.The dredger will feature an advanced propulsion system, a hydrodynamically optimized hull, improved dredging technology and a high level of automation.

Oil prices fell for a third consecutive day on Thursday as concerns over supply disruptions eased after Qatar said Iran and the U.S. had made progress in talks over the Strait of Hormuz.Brent futures LCOc1 were 66 cents or 0.92% lower at $70.91 a barrel at 0758 GMT, while U.S. West Texas Intermediate crude CLc1 fell 59 cents or 0.86% to $67.99 a barrel, their lowest level since February 27.The talks made "positive progress" on matters related to the memorandum that halted the war in June…

German federal prosecutors said on Thursday that a Ukrainian national tied to the Nord Stream pipeline blasts has been charged with being an accomplice to a war crime, disruption of public services, causing an explosion and destroying structures.Serhii K, as the suspect is known under German privacy rules, is suspected of acting on behalf of Ukrainian government entities, along with other military personnel, to destroy the pipelines in 2022.The aim was to permanently halt gas deliveries…

Danish marine equipment supplier Svanehoj has secured its first contract to supply LNG tank gauging systems for the conversion of a liquefied natural gas (LNG) carrier into a floating storage unit (FSU).The company will deliver four LNG density and temperature (LTD) gauging systems to Drydocks World Dubai for the conversion of the LNG carrier LNG Bayelsa into the FSU Cap Lopez.The conversion is being carried out for Dixstone Lower Gulf FZCO as part of a floating LNG development aimed at expanding Gabon's offshore gas infrastructure.

DOF Group has secured a contract from TotalEnergies to provide subsea construction and mooring services for the floating storage and offloading (FSO) Unity Replacement Project.The contract covers engineering, transportation and installation of mooring systems, as well as subsea construction work, including the disconnection of the existing floating storage and offloading (FSO) unit and the connection of its replacement.Project management and engineering activities will begin immediately from DOF's offices in Aberdeen…

MacGregor has secured a series of offshore load handling modernization and upgrade contracts during the first half of 2026, strengthening its position in the offshore services market.The contracts, booked in the company's first- and second-quarter 2026 order intake, cover engineering, upgrades and modernization projects aimed at improving the performance and extending the operational life of offshore cranes and other load handling equipment.Among the projects is the complete replacement of crane control systems with MacGregor's latest technology…

Aker Solutions has been awarded a substantial contract to deliver a high-voltage direct current (HVDC) substructure for a European offshore wind project by an undisclosed customer.The company's scope of work includes engineering, procurement and construction.Aker Solutions said it will book the award as order intake in the second quarter of 2026 in its Renewables and Field Development segment.The company defines a substantial contract as having a value of between $250 million (NOK 2.5 billion) and $400 million (NOK 4.0 billion).The customer and the offshore wind project were not disclosed.

Global liquefied natural gas demand is expected to rise by around 65% by 2050, driven largely by Asia as countries seek lower-emission alternatives to coal and data centres boost power demand, Shell said in an annual report on Tuesday.Global demand is likely to reach nearly 700 million metric tons a year by that date, the world's largest trader of the superchilled fuel said in its 2026 LNG Outlook.LNG trade, which reached 422 million tons in 2025, had been set to increase in 2026, it added.

The offshore energy industry is in the midst of a new investment cycle, driven by major developments in South America, renewed demand for energy security and an increasing reliance on digital technologies to improve asset performance. For Matt Tremblay, Senior Vice President, Global Offshore at the American Bureau of Shipping (ABS), the opportunities are significant — but so are the challenges.Speaking with Offshore Engineer in Houston, Tremblay described an industry that is “very busy…

On 29 May 2026, Vantage Drilling International and Eldorado Drilling signed a merger agreement under which Eldorado will acquire Vantage, making it a wholly owned subsidiary. As part of the transaction, Vantage shareholders will receive $19 per share in cash, valuing the company at approximately $257.6 million. The combined entity will continue to operate under the name Vantage Drilling International.Post-transaction, the company’s fleet will comprise four drillships - including…

Duke Energy will terminate its offshore wind lease in the Carolina Long Bay area under a settlement agreement with the U.S. Interior Department and reinvest nearly $129 million in additional power generation capacity in the Carolinas, the department said on Monday.(Reuters)

Norwegian offshore vessel owner DOF has secured a one-year contract extension for its multi-purpose supply vessel (MPSV) Skandi Darwin in Australia.The company said the vessel's current client exercised an extension option that will keep the 2012-built vessel working in Australia until the third quarter of 2027.DOF did not disclose the name of the client or financial terms of the extension.Skandi Darwin is of the MT 6015 MPSV design and is equipped with a multi-application cargo system, with tank capacities dependent on configuration and the products carried.

TGS has secured exclusive rights from the Petroleum Authority of Brunei Darussalam to undertake a multi-client 3D seismic survey offshore Brunei.The contract covers the acquisition, processing and marketing of new 3D seismic data under a multi-client model.TGS said the project would allow it to seek industry prefunding to deliver new seismic data aimed at improving understanding of reservoir potential, de-risking exploration leads and supporting investment decisions ahead of future…

SBM Offshore has secured project financing worth $465 million for the Chalchi floating storage and offloading (FSO) vessel, being built for Woodside Energy's Trion project offshore Mexico.The financing has been provided by a consortium of international banks and institutional investors and includes partial insurance cover from China Export & Credit Insurance Corporation.SBM Offshore said the financing would be drawn during the construction period and would become non-recourse after the vessel starts operations.

Norwegian shipbuilder Vard has delivered a hybrid construction and cable laying vessel (CLV) to Japan's Toyo Construction, marking its first vessel delivery to the Japanese offshore wind market.The vessel was handed over at Vard Langsten in Norway on June 26. It is also the first vessel Toyo Construction has ordered from Vard.The CLV was outfitted, commissioned and delivered on time from Vard Langsten, while the hull was built at Vard Shipyards Romania-Tulcea.Spanning 151 meters long and 28 meters wide…

Around 1,000 Norwegian oil service workers were locked out on Saturday morning in an escalation of a labour dispute that is expected to disrupt drilling and some production on the Norwegian continental shelf.The lockout was declared in response to an ongoing strike by several hundred members of the Safe union and will affect companies including SLB, Halliburton, Subsea 7, DOF Subsea, Weatherford, DeepOcean and Baker Hughes, an industry group Offshore Norway said on Friday.The country's oil and gas output could fall by about 12…

Crude prices may be back near levels seen before the Iran war, but the surge in oil exports from the Middle East following the reopening of the Strait of Hormuz is creating a chaotic market that could take months to settle.The steep slide in Brent crude LCOc1 back to pre-war levels of around $73 a barrel following the U.S.-Iran interim deal might, at first glance, suggest business as usual has returned to the world’s most important oil and gas hub. The narrow waterway, which once carried about a fifth of global oil and gas…

Oil prices steadied on Monday as Iran and the United States agreed to halt recent hostilities in the Gulf and Middle East producers pushed ahead with loading oil and liquefied natural gas despite fresh ship attacks.The two countries also agreed to renew talks over the Strait of Hormuz, raising hopes of saving an interim peace deal that had been threatened by days of tit-for-tat strikes.Brent crude futures LCOc1 were up 4 cents at $72.03 a barrel by 0803 GMT. U.S. West Texas Intermediate crude CLc1 gained 44 cents, or 0.6%, to $69.67."There's still plenty of risk facing the oil market.

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…

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