News
New oil discovery comes to light in Gulf of America
2+ hour, 15+ min ago (220+ words) Occidental has revealed an oil discovery at the Bandit'prospect in the Gulf of America, about 125 miles south of the Louisiana coast. Jeff Simmons, Senior Vice President of Subsurface Technology and Chief Petrotechnical Officer, commented: "Occidental is focused on strengthening our…...
CB&I all done with acquisition of Petrofac's Asset Solutions business
3+ hour, 13+ min ago (266+ words) CB&I has completed the acquisition'of Petrofac's Asset Solutions business. The net proceeds of the sale, agreed on a debt-free, cash-free basis, will be distributed to secured creditors in accordance with the intercreditor agreement that Petrofac and secured creditors entered…...
European firm lines up five LNG cargos to up gas storage ante
3+ hour, 38+ min ago (285+ words) While three LNG cargoes are set to arrive at the Inkoo terminal in Finland, two are slated to come at the Klaip'da LNG'terminal in Lithuania. The first cargo was scheduled to arrive last week from the United States to the…...
Multimillion-dollar fine for En Quest over 33 idle wells as UK cracks down on decom inactivity
5+ hour, 15+ min ago (747+ words) The North Sea Transition Authority has fined the North Sea licensee, En Quest Heather, a collective total of "16. 5 million (over $22. 11 million) for failing to decommission inactive wells; thus, the cumulative fine is for protracted non-compliance on 33 wells under four separate…...
One Subsea technology to enable 'faster production' at American deepwater field
3+ hour, 48+ min ago (323+ words) Under the contract, One Subsea will deliver a high'pressure, high'temperature (HPHT) multiphase boosting system for the Shenandoah field, said to be engineered to operate above 15, 000 psi, addressing operating conditions that exceed the limits of conventional subsea solutions. According to SLB,…...
250 North Sea workers to reap benefits from UK union recognition deal
4+ hour, 17+ min ago (371+ words) Unite explains that this recognition agreement covers over 250 offshore workers across seven assets associated with the Forties and'Beryl oil fields, enabling the union'to negotiate on behalf of the workers to improve jobs, pay, and conditions with the Apache Corporation, a…...
Deep Ocean charters Boskalis' recently purchased subsea vessel
6+ hour, 16+ min ago (246+ words) Deep Ocean has signed an agreement with Boskalis for the charter of a subsea vessel the Dutch company recently purchased from Norwegian vessel operator Sea1 Offshore. Boka Spearfish, to be renamed from Sea1 Spearfish, will join Deep Ocean's fleet of advanced subsea…...
Third Northern Lights LCO2 carrier blessed, now preparing for service
7+ hour, 59+ min ago (333+ words) China's Dalian Shipbuilding Industry (DSIC), part of China State Shipbuilding Corporation (CSSC), delivered the LCO2 carrier to the Northern Lights joint venture (JV), encompassing Shell, Equinor, and Total Energies, in December 2025. The naming ceremony took place at Festningskaien in Bergen and…...
Industry's largest subsea rock installation vessel in final preparations for first job
9+ hour, 7+ min ago (205+ words) Windpiper, whose purchase Boskalis announced in January 2025, was developed by converting an existing vessel into an SRI vessel with a rock-carrying capacity of 45, 500 tons. The vessel arrived in Rotterdam earlier this week to undergo further outfitting in Waalhaven, as well…...
NKT Eleonora enters new construction phase as its hull makes a splash
1+ day, 5+ hour ago (153+ words) The hull of NKT's new cable-laying vessel (CLV) NKT Eleonora has been launched into the water at Vard's shipyard in Tulcea, Romania. The'official keel laying for the vessel'took place in January 2025, some two months after the'first steel was cut. NKT Eleonora…...