News
Eco's takeover of JHI close to crossing the finish line
1+ hour, 28+ min ago (452+ words) After Eco made a move to bring'JHI Associates into its fold by way of a court-approved plan of arrangement, the latter'obtained an interim order from the Ontario Superior Court of Justice'to call, hold, and conduct the annual and special shareholders…...
Survey campaign wraps up at Saudi subsea cable link
1+ hour, 26+ min ago (218+ words) Offshore Energy Survey campaign wraps up at Saudi subsea cable link A UAE-headquartered offshore survey and positioning data provider has completed a survey campaign supporting the subsea cable installation work for a project that will link Saudi Arabia's Farasan Island…...
Relevant Spanish authorities grant approval for CETO's deployment at Bi MEP
2+ hour, 36+ min ago (249+ words) The payment, under the Europe Wave Phase 3 contract, follows the approval of two deliverables, including the authorization for deployment of the CETO device at the Bi MEP from the relevant Spanish national energy and coastal authorities, and the completion of…...
Geo XYZ getting ready for surveys at proposed Northern Ireland-Scotland interconnector
3+ hour, 43+ min ago (222+ words) The Lir IC interconnector project will have a total cable route length of around 142 kilometers and will provide up to 700 MW of further capacity between the Irish Integrated Single Energy Market (I-SEM) and Great Britain's wholesale electricity market. Two converter…...
DNO in the clear for drilling ops with Odfjell Drilling-managed rig
3+ day, 48+ min ago (205+ words) The Norwegian Ocean Industry Authority (Havtil) has granted DNO consent to use the Deepsea Yantai, formerly known as the Beacon Atlantic, semi-submersible rig for production drilling at the Marulk field in the Norwegian Sea, 25 kilometers southwest of the Norne field....
'Many key components' manufactured for Bi MEP-destined wave energy unit
2+ day, 23+ hour ago (277+ words) The fit-out of the electrical module has also been completed, with all previously tested control and electrical systems assembled and installed in situ. Key metal elements of the power take-off system, such as the main drum, sheaves, and tensioner metallic…...
Velesto lines up multi-well offshore rig job in Southeast Asia
2+ day, 22+ hour ago (330+ words) Malaysia's Velesto Energy, owner of premium jack-up rigs, has been hired to supply a jack-up rig for a drilling campaign off the coast of Malaysia, Southeast Asia. A new contract, which Velesto Energy secured with Hibiscus Oil & Gas through its…...
Yinson Production and PTSC lock in financing for Southeast Asian gas project's FSO
2+ day, 21+ hour ago (447+ words) Malaysia's Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson, and its joint venture (JV) partner, PTSC, have secured multimillion-dollar funding for the partial construction of a newbuild floating storage and offloading (FSO) unit, destined to…...
Petronas picks local tubular running services provider for next five years
3+ day, 2+ hour ago (237+ words) Malaysia's state-owned oil & gas heavyweight Petronas has awarded a local company a five-year contract for the delivery of tubular running services (TRS). Kuala Lumpur-headquartered Destini Oil Services, the energy arm of Destini Group, officially secured the contract on March 30, 2026, with…...
Industry players unite to form UAE's first shipbuilding consortium
2+ day, 21+ hour ago (280+ words) A group of national industry players has come together to form the first shipbuilders consortium in the United Arab Emirates (UAE), which will work toward aligning national shipbuilding capabilities to drive maritime innovation and growth. According to AD Ports, the…...