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# Offshore Source

## Sitemaps
[XML Sitemap](https://offshoresource.com/sitemap_index.xml): Includes all crawlable and indexable pages.

## Posts
- [PETRONAS Unlocks Over a Billion Barrels in Suriname Block 52 with Eight Successful Wells](https://offshoresource.com/news/oil-gas/petronas-unlocks-over-a-billion-barrels-in-suriname-block-52-with-eight-successful-wells/): PETRONAS, through its wholly-owned subsidiary PETRONAS Suriname E&P B.V. (PSEPBV), has recorded two new discoveries and achieved a successful appraisal in Suriname's offshore Block 52, bringing its cumulative achievements in the country to a total of eight successful wells and collectively unlocking recoverable resources of more than one billion barrels of oil equivalent.
- [Global Maritime Supports Australia’s Largest Offshore Platform Removal](https://offshoresource.com/news/oil-gas/global-maritime-supports-australias-largest-offshore-platform-removal/): Global Maritime Australia is proud to have supported Santos as Independent Verification Body (IVB) for the successful removal and transportation of the Harriet Alpha platform, marking a defining milestone in Australia’s offshore decommissioning sector.
- [Murphy Oil Discovery Boost Confidence in Ivory Coast’s Offshore Basin](https://offshoresource.com/news/oil-gas/murphy-oil-discovery-boost-confidence-in-ivory-coasts-offshore-basin/): US energy company Murphy Oil Corporation has announced an oil discovery at the Bubale-1X exploration well in Block C1-709 offshore Ivory Coast, marking another step in the country’s expanding upstream development. The discovery reinforces Ivory Coast’s position as one of West Africa’s fastest-growing exploration destinations and supports its ambition to become one of Africa’s top five hydrocarbon producers by 2035.
- [Saipem Awarded $1Billion Offshore Contract by Azule Energy](https://offshoresource.com/news/oil-gas/saipem-awarded-1billion-offshore-contract-by-azule-energy/): Saipem has been awarded a new offshore contract by Azule Energy Exploration (Angola) Limited and Azule Energy Angola B.V., subsidiaries of an incorporated joint venture owned by Eni and bp, mainly for transportation and installation (T&I) services in support of the Greater PAJ project, located approximately 200 kilometres off the coast of Angola. The contract, with a duration of around 40 months, is worth 1 billion USD.
- [Kosmos Energy Completes Sale of Equatorial Guinea Production Assets to Panoro Energy](https://offshoresource.com/news/finance/kosmos-energy-completes-sale-of-equatorial-guinea-production-assets-to-panoro-energy/): Kosmos Energy announces the completion of the sale of its interests in the Ceiba Field and Okume Complex production assets in Block G offshore Equatorial Guinea to Panoro Energy (“Panoro”).
- [New Subsea Development to Increase Gas Production from the Troll Field in the North Sea](https://offshoresource.com/news/oil-gas/new-subsea-development-to-increase-gas-production-from-the-troll-field-in-the-north-sea/): Equinor and its partners Petoro, Shell, TotalEnergies and ConocoPhillips are investing just over NOK 4 billion in a new subsea development that will increase gas production from the Troll field in the North Sea.
- [MOL Group Sign Production Sharing Agreement for Offshore Exploration in Libya](https://offshoresource.com/news/oil-gas/mol-group-sign-production-sharing-agreement-for-offshore-exploration-in-libya/): MOL Group has signed a production sharing agreement with its Joint Venture (JV) partners, Repsol and Türkiye Petrolleri A. O. (TPAO) for an offshore exploration area in the Mediterranean Sea, after being granted an exploration license. The advancement of this exceptional North African offshore project will contribute to the revitalization of Libya’s oil and gas industry and marks a strategic milestone for Central Eastern Europe’s energy security.
- [New Study Reveals how Europe’s Shipping Lanes Could Run on Offshore Wind Energy](https://offshoresource.com/news/renewables/new-study-reveals-how-europes-shipping-lanes-could-run-on-offshore-wind-energy/): Offshore wind farms could soon be used to directly power ports and ships across Europe, decarbonizing the maritime sector through an electric shipping highway from the English Channel to the Baltic Sea.
- [Strengthening Maritime Surveillance from Space](https://offshoresource.com/news/maritime/strengthening-maritime-surveillance-from-space/): Unseenlabs has successfully launched BRO-22, the first satellite operated by a foreign private company to fly aboard Japan’s H3 Launch Vehicle. BRO-22 was launched at 09:53 a.m. (UTC+9) Japan Standard Time on June 12 from the Yoshinobu Launch Complex at the Japan Aerospace Exploration Agency’s Tanegashima Space Center. The satellite was integrated by Space BD. BRO-22 strengthens Unseenlabs’ space-based RF detection constellation dedicated to maritime surveillance.
- [Phase 4 of Norway’s Largest Oil-Producing Field to be Developed](https://offshoresource.com/news/oil-gas/phase-4-of-norways-largest-oil-producing-field-to-be-developed/): New volumes in the Johan Sverdrup area provide the basis for Johan Sverdrup phase 4. Equinor and the partnership are now maturing a new subsea development that will help maintain production and value creation from Norway's largest oil-producing field. This also contributes to Europe's energy security.
- [Petrobras Locks in Eight Ivory Coast Blocks in Major Offshore Exploration Play](https://offshoresource.com/news/oil-gas/petrobras-locks-in-eight-ivory-coast-blocks-in-major-offshore-exploration-play/): The African Energy Chamber (AEC) welcomes Petrobras’ decision to move forward with production sharing contracts for eight offshore blocks in Ivory Coast, marking a significant step toward unlocking the country’s largely untapped hydrocarbon potential.
- [Eni’s 15-Block Guinea Award Signals Rising Confidence in the MSGBC Frontier](https://offshoresource.com/news/oil-gas/enis-15-block-guinea-award-signals-rising-confidence-in-the-msgbc-frontier/): Italian energy major Eni has secured reconnaissance permits for 15 offshore blocks in Guinea, marking a confident entry into one of West Africa’s most promising frontier markets. Signed in Conakry with the Ministry of Water and Hydrocarbons, the agreement grants Eni the right to explore nearly 50,000 sq km of offshore acreage, with an initial term of one year and the option to extend to two. The award reflects mounting investor enthusiasm for the wider MSGBC Basin.
- [World’s First AI-Designed Crew Transfer Vessel Revealed](https://offshoresource.com/news/maritime/worlds-first-ai-designed-crew-transfer-vessel-revealed/): Compute Maritime, the deep tech company behind NeuralShipper, the world’s first AI platform for ship design, has revealed the results of its UK Government-funded project, GenDSOM, to bring generative AI and additive manufacturing into ship design.
- [TGS Awarded Offshore Wind Site Characterization Contract in Europe](https://offshoresource.com/news/renewables/tgs-awarded-offshore-wind-site-characterization-contract-in-europe/): TGS, a leading provider of energy data and intelligence, is announcing the award of an offshore wind site characterization contract in Europe. The Ramform Vanguard is scheduled to commence data acquisition in early August, and the contract has a duration of approximately three weeks. 
- [Eni and PETRONAS Form Southeast Asian Upstream Joint Venture Searah](https://offshoresource.com/news/oil-gas/eni-and-petronas-form-southeast-asian-upstream-joint-venture-searah/): Eni and PETRONAS announce that Searah, a new 50/50 independent joint venture combining key businesses across Indonesia and Malaysia, has been officially established just seven months after the signing of the Investment Agreement on November 3, 2025, and 16 months after the Memorandum of Understanding announced in February 2025.
- [Motive Expand Subsea Testing Technologies with C-Kore Acquisition](https://offshoresource.com/news/company-updates/motive-expand-subsea-testing-technologies-with-c-kore-acquisition/): Motive Offshore Group (Motive) has announced the acquisition of subsea cable monitoring and integrity technology provider, C-Kore, in a move set to enhance its global testing, inspection and certification (TIC) capabilities.
- [Delfin Midstream Announces $5 Billion Final Investment Decision for First FLNG Vessel](https://offshoresource.com/news/finance/delfin-midstream-announces-5-billion-final-investment-decision-for-first-flng-vessel/): Delfin Midstream Inc. has taken a Final Investment Decision (“FID”) for the first floating liquefied natural gas (“FLNG”) vessel of the Delfin LNG project under development in Louisiana and offshore in the Gulf of America. Delfin FLNG 1 will be the first floating liquefaction facility in the United States and the largest FLNG project globally, with an expected export capacity of 4.4 million tonnes of LNG per year.
- [MOL Group and Partners Start Gas Production at the ACG Field in Azerbaijan](https://offshoresource.com/news/oil-gas/mol-group-and-partners-start-gas-production-at-the-acg-field-in-azerbaijan/): MOL Group and its Joint Venture (JV) partners have achieved the first gas in the ACG field in Azerbaijan, where non-associated gas (NAG) reservoirs had previously been identified beneath and above the producing oil reservoirs. The partners have now completed drilling an initial producing well and started testing activities. This marks the first-ever commercial gas production from ACG, one of the world’s largest oil-producing fields.
- [ABS Introduces Nuclear-Ready Notation for Marine and Offshore Assets](https://offshoresource.com/news/maritime/abs-introduces-nuclear-ready-notation-for-marine-and-offshore-assets/): ABS announced the release of the ABS Nuclear-Ready Notation, an industry first classification notation for marine and offshore assets designed to support future conversion to nuclear energy.
- [Wärtsilä Expanding Production Capacity by 30%](https://offshoresource.com/news/finance/wartsila-expanding-production-capacity-by-30/): Technology group Wärtsilä will invest approximately EUR 90 million to further expand its technical production capacity by 30% at its Sustainable Technology Hub (STH) in Vaasa, Finland and across its associated global supply chain. This expansion follows the 35% increase in technical production capacity, announced in February 2026, bringing the total planned increase to 65% compared to Wärtsilä’s 2025 technical production capacity.
- [ABL Gets Ready for Australia’s Largest Decommissioning Campaign](https://offshoresource.com/news/oil-gas/abl-gets-ready-for-australias-largest-decommissioning-campaign/): Energy and marine consultancy ABL is supporting Esso Australia Resources Pty Ltd (Esso) as it gears up for the offshore removal campaign of up to 12 platforms on the Gippsland Decommissioning Campaign #1 Project - Australia’s largest offshore decommissioning campaign.
- [QatarEnergy Signs MoU for Gas Cooperation with Egypt and ExxonMobil](https://offshoresource.com/news/oil-gas/qatarenergy-signs-mou-for-gas-cooperation-with-egypt-and-exxonmobil/): QatarEnergy has signed a Memorandum of Understanding (MoU) with the Government of the Arab Republic of Egypt and ExxonMobil to study enabling the potential development and commercialization of gas discoveries in Cyprus through Egypt’s existing gas and LNG export infrastructure.
- [ABL Group Acquires Southeast Asia-Based Consultancy SynergenOG](https://offshoresource.com/news/company-updates/abl-group-acquires-southeast-asia-based-consultancy-synergenog/): Global consultancy group ABL Group has signed an agreement to acquire 100% of the shares in Southeast Asia‑based consultancy SynergenOG, adding specialist capability in process safety and technical risk management and enhancing the group’s end‑to‑end technical offering to the energy industries.
- [Svanehoj Acquires H&K Services B.V.](https://offshoresource.com/news/company-updates/svanehoj-acquires-hk-services-b-v/): The marine pump specialist, Svanehoj, further expands its marine service and aftersales business in the Benelux region by acquiring H&K Services B.V., a Dutch company specializing in the service and repair of marine fuel and cargo gas pumps. H&K Services will operate under the Svanehoj EPS name from its current location in Stellendam, the Netherlands, close to Svanehoj’s regional service site in Oud Gastel. The transaction closed on 1. May 2026.
- [Ørsted and PGE Kick Off Offshore Installation of Baltica 2 Project](https://offshoresource.com/news/renewables/orsted-and-pge-kick-off-offshore-installation-of-baltica-2-project/): Ørsted and PGE are moving ahead with full-scale offshore construction activities on the Baltica 2 project. The first foundations have been successfully installed in the Polish part of the Baltic Sea. With this project, Ørsted and PGE are building Poland’s largest offshore wind farm of 1.5 GW – enough to power 2.5 million Polish households.
- [The Eirin Field in the North Sea Comes on Stream](https://offshoresource.com/news/oil-gas/the-eirin-field-in-the-north-sea-comes-on-stream/): The Eirin field has come on stream and is now exporting gas to Europe via the Gina Krog and Sleipner A platforms in the North Sea. The subsea development has been developed in record time.
- [Chouest Group Completes Acquisition of Alliance from Helix Energy Solutions Group](https://offshoresource.com/news/finance/chouest-group-completes-acquisition-of-alliance-from-helix-energy-solutions-group/): The Chouest Group announced it has completed the acquisition of the Alliance business from Helix Energy Solutions Group. Alliance will be integrated into Champagne Energy Solutions (CES), expanding the Group’s offshore decommissioning and plug & abandonment (P&A) platform.
- [ABS Acquires RMC Global to Strengthen Cyber, Risk and Resilience Capabilities](https://offshoresource.com/news/finance/abs-acquires-rmc-global-to-strengthen-cyber-risk-and-resilience-capabilities/): ABS, through its affiliate ABSG Consulting Inc. (ABS Consulting), has acquired RMC Global (RMC), a leading provider of industrial cybersecurity, risk management and resiliency solutions.
- [Helix and Hornbeck Merges Establishing an Integrated Offshore Service Company](https://offshoresource.com/news/finance/helix-and-hornbeck-merges-establishing-an-integrated-offshore-service-company/): Helix Energy Solutions Group, Inc. ("Helix") (NYSE: HLX) and Hornbeck Offshore Services, Inc. ("Hornbeck") have entered into a definitive agreement to combine in an all-stock transaction, establishing a premier integrated offshore services company. Upon closing of the transaction, Hornbeck shareholders will own approximately 55% and Helix shareholders will own approximately 45% of the combined company on a fully diluted basis.
- [SINAY Boosts Maritime Intelligence Platform with MariTrace Acquisition](https://offshoresource.com/news/maritime/sinay-boosts-maritime-intelligence-platform-with-maritrace-acquisition/): Maritime intelligence specialist SINAY has acquired UK-based vessel tracking platform MariTrace, strengthening the French company's position as an integrated provider of security, operational and environmental intelligence.
- [Saildrone Unveils a New High-Speed USV for Naval Operations](https://offshoresource.com/news/maritime/saildrone-unveils-a-new-high-speed-usv-for-naval-operations/): Saildrone, a world leader and most experienced operator of unmanned surface vehicles (USVs), has released the design of the Saildrone Spectre, the culmination of two years of intense design work, leveraging over 10 years of operational USV experience.
- [TotalEnergies Makes a Hydrocarbon Discovery on the Moho License, Offshore Congo](https://offshoresource.com/news/oil-gas/totalenergies-makes-a-hydrocarbon-discovery-on-the-moho-license-offshore-congo/): TotalEnergies EP Congo (63.5%, operator) announces a hydrocarbon discovery on the Moho license, offshore the Republic of Congo, following the drilling of the MHNM-6 NFW exploration well targeting the Moho G structure.
- [bp Acquires Interest in Three Namibian Exploration Blocks](https://offshoresource.com/news/oil-gas/bp-acquires-interest-in-three-namibian-exploration-blocks/): bp has agreed to acquire a 60% interest in three offshore exploration blocks in Namibia from Eco Atlantic Oil & Gas as part of bp’s strategy to grow its upstream portfolio.
- [General Oceans to Acquire MRV Systems](https://offshoresource.com/news/company-updates/general-oceans-to-acquire-mrv-systems/): General Oceans has entered into a purchase agreement with MRV Systems, LLC. 
- [STATS Group Acquires Pipeline Intelligence Firm P2D](https://offshoresource.com/news/company-updates/stats-group-acquires-pipeline-intelligence-firm-p2d/): STATS Group (STATS) has announced the acquisition of Aberdeen-based pipeline intelligence and cleaning specialist Pipelines 2 Data (P2D) in a strategic move designed to expand its global pipeline integrity and maintenances service offerings and enhance the company’s current suite of pipeline integrity products and services.
- [Occidental Make Oil Discovery at Bandit Prospect in Gulf of America](https://offshoresource.com/news/oil-gas/occidental-make-oil-discovery-at-bandit-prospect-in-gulf-of-america/): Occidental has announced an oil discovery at the Bandit prospect in the Gulf of America, about 125 miles south of the Louisiana coast. The exploration well, located in Green Canyon Block 680, encountered high-quality, full-to-base oil-bearing Miocene sands.
- [bp Announces Gas Discovery Offshore Egypt with Fast-Track Potential](https://offshoresource.com/news/oil-gas/bp-announces-gas-discovery-offshore-egypt-with-fast-track-potential/): bp has announced a significant gas and condensate discovery offshore Egypt following the successful drilling of the Denise W-1 exploration well in the Temsah Concession, located in the Eastern Mediterranean.
- [Golden Pass LNG Marks Historic Milestone with First LNG Production](https://offshoresource.com/news/oil-gas/golden-pass-lng-marks-historic-milestone-with-first-lng-production/): Golden Pass LNG, a joint venture between QatarEnergy and ExxonMobil, has achieved first production of Liquefied Natural Gas (LNG) from Train 1 at its Sabine Pass Terminal, marking a major milestone in the project’s journey to full operations.
- [AkerBP Commences Production from the Symra Field in the North Sea](https://offshoresource.com/news/oil-gas/akerbp-commences-production-from-the-symra-field-in-the-north-sea/): Aker BP has started oil production from the Symra field in the North Sea. The project has been delivered nine months ahead of original schedule, generating significant value and accelerating production start into 2026. The field is estimated to contribute approximately 63 million barrels of oil equivalent to the Eiga area.
- [MariApps Marine Solutions Completes Strategic Acquisition of EffiaSoft Private Limited](https://offshoresource.com/news/company-updates/mariapps-marine-solutions-completes-strategic-acquisition-of-effiasoft-private-limited/): MariApps Marine Solutions, a global leader in maritime digital solutions and a member of the Schulte Group, has acquired 100% ownership of Hyderabad-based software company, EffiaSoft Private Limited.
- [Saronic Closes $1.75B Series D at $9.25B Valuation to Accelerate a New Era of Maritime Autonomy](https://offshoresource.com/news/finance/saronic-closes-1-75b-series-d-at-9-25b-valuation-to-accelerate-a-new-era-of-maritime-autonomy/): Saronic Technologies today announced it has closed $1.75 billion in Series D funding to advance its mission of ensuring maritime superiority for the US and its allies by delivering autonomous platforms at scale across defense and commercial sectors. The round was led by Kleiner Perkins and values the company at $9.25 billion.
- [Drilling Commences at Major Gas Development in the Campos Basin, Brazil](https://offshoresource.com/news/oil-gas/drilling-commences-at-major-gas-development-in-the-campos-basin-brazil/): Equinor has started the drilling phase for the Raia project in the pre salt of the Campos Basin, Brazil. This marks a key milestone for the partnership as the projects progresses towards planned start up in 2028.
- [Petrobras Confirms New Gas Discovery in Colombia](https://offshoresource.com/news/oil-gas/petrobras-confirms-new-gas-discovery-in-colombia/): Petrobras has made a new gas discovery in the Copoazu-1 exploratory well, located in Block GUA-OFF-O in deep waters offshore Colombia. This discovery consolidates the gas province and the gas potential in the Colombian offshore, while also adds a greater volume of gas to contribute to the region’s energy security.
- [TotalEnergies Agrees to End US Offshore Wind Development, Reinvest in US LNG Production](https://offshoresource.com/news/finance/totalenergies-agrees-to-end-us-offshore-wind-development-reinvest-in-us-lng-production/): The Department of the Interior has announced a landmark agreement with TotalEnergies for the company to redirect capital from expensive, unreliable offshore wind leases toward affordable, reliable natural gas projects that will provide secure energy for hardworking Americans.
- [New Oil Discovery Near the Johan Castberg Field in the Barents Sea](https://offshoresource.com/news/oil-gas/new-oil-discovery-near-the-johan-castberg-field-in-the-barents-sea/): Equinor has made an oil discovery that will be tied into the Johan Castberg field in the Barents Sea.
- [New Research Shows US Offshore Wind Could Drive $42Billion Expansion in Domestic Steel Sector](https://offshoresource.com/news/finance/new-research-shows-us-offshore-wind-could-drive-42billion-expansion-in-domestic-steel-sector/): Emerging research from Oceantic Network reveals that the continued buildout of US offshore wind energy represents a transformational opportunity to expand the American steel industry, boost domestic fabrication capacity, and strengthen US economic and energy security.
- [Two New Discoveries in the North Sea](https://offshoresource.com/news/oil-gas/two-new-oil-discoveries-in-north-sea/): Equinor has discovered oil in the Troll area and gas and condensate in the Sleipner area. Both discoveries are considered commercial and were made in areas with well-developed infrastructure for export to Europe.
- [Ocean Winds Sign Lease Agreement for Celtic Sea Site](https://offshoresource.com/news/renewables/ocean-winds-sign-lease-agreement-for-celtic-sea-site/): Ocean Winds (OW), the 50-50 joint venture between EDPR and ENGIE, has signed an Agreement for Lease with The Crown Estate for a floating offshore wind project site in the Celtic Sea – marking a significant milestone for the UK’s floating offshore wind ambitions.
- [Kraken Robotics to Acquire Covelya Group Limited](https://offshoresource.com/news/finance/kraken-robotics-to-acquire-covelya-group-limited/): Kraken Robotics Inc. has entered into an agreement to acquire Covelya Group Limited (“Covelya Group”), a leading international provider of mission-critical underwater technology solutions operating through its subsidiary companies: Sonardyne International Ltd., EIVA A/S, Forcys Ltd., Wavefront Systems Ltd., Voyis Imaging Inc., and Chelsea Technologies Ltd.
- [New Oil Discovery in the Snorre Area in the North Sea](https://offshoresource.com/news/oil-gas/new-oil-discovery-in-the-snorre-area-in-the-north-sea/): Equinor and its partners have made a commercial oil discovery in the Snorre area in the North Sea. The partnership has already planned for a rapid and cost‑effective development.
- [BOEM Releases Five Beaufort Sea Seismic Survey Datasets](https://offshoresource.com/news/oil-gas/boem-releases-five-beaufort-sea-seismic-survey-datasets/): In alignment with President Trump’s Executive Order 14303, “Restoring Gold Standard Science,” the Bureau of Ocean Energy Management’s Alaska Outer Continental Shelf Region has released five 3D seismic survey datasets from the Beaufort Sea, expanding public access to legacy geologic information that supports industry analysis, academic research and Alaska energy planning.
- [BOEM Issues Record of Decision for Gulf Lease Sales 259 and 261](https://offshoresource.com/news/oil-gas/boem-issues-record-of-decision-for-gulf-lease-sales-259-and-261/): The Bureau of Ocean Energy today announced a Record of Decision reaffirming its prior decisions regarding Gulf of America’s Outer Continental Shelf Oil and Gas Lease Sales 259 and 261. This ROD supports BOEM’s continued commitment to responsible offshore energy development while strengthening environmental safeguards and legal compliance.
- [Third Gulf of America Offshore Oil & Gas Lease Sale Proposed for August 2026](https://offshoresource.com/news/oil-gas/third-gulf-of-america-offshore-oil-gas-lease-sale-proposed-for-august-2026/): The Bureau of Ocean Energy Management is announcing a Proposed Notice of Sale for the third offshore oil and gas lease sale under the One Big Beautiful Bill Act. The proposed lease sale, known as Lease Sale Big Beautiful Gulf 3, or BBG3, is scheduled to take place on Aug. 12, 2026.
- [Eni Expands African Exploration Footprint with Major Discoveries in Ivory Coast, Angola](https://offshoresource.com/news/oil-gas/eni-expands-african-exploration-footprint-with-major-discoveries-in-ivory-coast-angola/): Energy major Eni continues to deliver on its exploration drive in Africa, announcing two major hydrocarbon discoveries in February 2026. In Ivory Coast, the company successfully drilled the Murene South-1X well in Block CI-501, confirming the Calao South discovery within the prolific Calao channel complex. Through its Angolan joint venture Azule Energy, the company also announced the Algaita-01 well in Block 15/06 - situated in the prolific Lower Congo Basin. Together, these milestones reflect a deliberate dual-track strategy for the company: opening new hydrocarbon frontiers while strengthening production capacity across Africa’s established markets.
- [Eni Makes Significant Discovery Offshore Côte d’Ivoire](https://offshoresource.com/news/oil-gas/eni-makes-significant-discovery-offshore-cote-divoire/): Eni has made a significant gas and condensate discovery in Côte d'Ivoire, successfully drilling Murene South-1X, the first exploration well in Block CI-501.
- [bp Confirms Discovery Offshore Angola](https://offshoresource.com/news/oil-gas/bp-confirms-discovery-offshore-angola/): bp can confirm an oil discovery in the Algaita-01 exploration well offshore Angola, reported by Azule Energy.
- [HELLENiQ ENERGY and Chevron Sign Lease Agreement for Four Offshore Exploration Blocks Offshore Greece](https://offshoresource.com/news/oil-gas/helleniq-energy-and-chevron-sign-lease-agreement-for-four-offshore-exploration-blocks-offshore-greece/): HELLENiQ ENERGY in collaboration with Chevron, signed the Lease Agreements with the Hellenic Republic for the exploration of four offshore blocks located south of Crete and the Peloponnese, marking a significant milestone for Greece’s upstream development.
- [French Government to Industrialize Tidal Energy with 250 MW Tender](https://offshoresource.com/news/renewables/french-government-to-industrialize-tidal-energy-with-250-mw-tender/): The French Government published its long-awaited “Publication Pluriannuelle de l’Energie”—the French energy strategy. It includes commercial tenders for 250 MW of tidal energy capacity to be awarded by 2030, the last missing piece to trigger the industrialization of the sector. Earlier this week, the UK also awarded a 4th round of support to tidal projects for a total of 140 MW. This means Europe is now the first continent to industrialize tidal energy, a gamechanger for the sector and the future of Europe’s energy supply.
- [Kongsberg Maritime Unveils Unified Digital Solutions Portfolio and Launches KM Performance](https://offshoresource.com/news/maritime/kongsberg-maritime-unveils-unified-digital-solutions-portfolio-and-launches-km-performance/): Kongsberg Maritime has marked a significant step forward in its digital transformation with the unveiling of a harmonized Digital Solutions portfolio and the launch of KM Performance, the first solution area out of the portfolio, which is designed to help customers in the marine transportation segment to strengthen operational efficiency, reduce emissions, and meet evolving regulatory demands.
- [CSA Ocean Sciences Joins APEM Group](https://offshoresource.com/news/company-updates/csa-ocean-sciences-joins-apem-group/): APEM Group announced that CSA Ocean Sciences, a US-based environmental consultancy supporting energy transition and coastal infrastructure projects worldwide, has joined the Group.
- [ORLEN Acquires Stake in the Afrodite Discovery](https://offshoresource.com/news/oil-gas/orlen-acquires-stake-in-the-afrodite-discovery/): ORLEN Upstream Norway has agreed to acquire a 25% interest in production license PL293 in the North Sea from Vår Energi. The license covers the unconventional Afrodite gas discovery, which has the potential to deliver nearly 2 billion cubic meters of natural gas net to ORLEN.
- [Harbour Energy Completes Acquisition of LLOG Exploration Company](https://offshoresource.com/news/oil-gas/harbour-energy-completes-acquisition-of-llog-exploration-company/): Harbour Energy has announced that it has completed the acquisition of LLOG Exploration Company LLC (LLOG) for $3.2 billion (the Acquisition), marking the Company’s strategic entry into the US Gulf of America. The Acquisition strengthens Harbour’s global portfolio and establishes a new core business unit alongside Norway, the UK, Argentina, and Mexico.
- [Transocean to Acquire Valaris](https://offshoresource.com/news/oil-gas/transocean-to-acquire-valaris/): Transocean Ltd. and Valaris Limited announced the signing of a definitive agreement to combine the two companies under which Transocean will acquire Valaris in an all-stock transaction valued at approximately $5.8 billion (all currency in USD). The shareholding percentages of the combined company, on a fully diluted basis1, will be approximately 53% for Transocean and 47% for Valaris. The enterprise value of the pro forma company is approximately $17 billion.
- [Yoyo-Yolanda Signals New Chapter for the Gulf of Guinea](https://offshoresource.com/news/oil-gas/yoyo-yolanda-signals-new-chapter-for-the-gulf-of-guinea/): Cameroon and Equatorial Guinea have signed a unitization agreement to jointly develop the cross-border Yoyo-Yolanda gas fields, marking a decisive step toward accelerating long-delayed gas monetization in the Gulf of Guinea. Forming part of the broader Gas Mega Hub (GMH)—an initiative led by Equatorial Guinea to monetize stranded gas reserves—the agreement strengthens cross-border cooperation at a time when the GMH is showing signs of resurgence.
- [BOEM Releases Final Notice of Sale for Lease Sale Big Beautiful Gulf 2](https://offshoresource.com/news/oil-gas/boem-releases-final-notice-of-sale-for-lease-sale-big-beautiful-gulf-2/): The Bureau of Ocean Energy Management (BOEM) announced another major step toward expanding offshore energy development pursuant to the One Big Beautiful Bill Act. BOEM released the Final Notice of Sale for Lease Sale Big Beautiful Gulf 2 (BBG2), the second of 30 Gulf of America lease sales required by the One Big Beautiful Bill Act (Public Law No: 119-21).
- [Sunrise Wind Resumes Construction, Marks Fifth Ruling to Overturn Construction Pause](https://offshoresource.com/news/renewables/sunrise-wind-resumes-construction-marks-fifth-ruling-to-overturn-construction-pause/): Moments ago, a federal judge for D.C. District Court has allowed Sunrise Wind to resume work after granting a preliminary injunction against the administration’s lease suspension and construction pause issued December 22, 2025. D.C District Judge Lamberth ordered the action to be “arbitrary and capricious” after having reviewed classified information and agreed that irreparable harm standards were met given the loss of specialized vessels that would cause a “cascade of delays” preventing the project from meeting its obligations. Previously, Judge Lamberth ruled in favor of Revolution Wind’s construction resumption twice, most recently under the same lease suspension and stop construction order affecting Sunrise Wind, and again in September 2025 when the federal administration issued a stop work order directly for Revolution Wind. The Administration referenced undisclosed "national security concerns" that arose from a recent classified Department of War study alleging that turbine structures cause interference with military radar systems.
- [Aker BP Starts Oil Production at Solveig Phase 2 in the North Sea](https://offshoresource.com/news/oil-gas/aker-bp-starts-oil-production-at-solveig-phase-2-in-the-north-sea/): Aker BP has started oil production from the Solveig Phase 2 development in the North Sea. The project has been delivered on schedule and within budget, adding approximately 39 million barrels of oil equivalent in recoverable resources to the Solveig field.
- [Angola Oil & Gas Launches in Luanda as $70B Investment Momentum Accelerates](https://offshoresource.com/news/oil-gas/angola-oil-gas-launches-in-luanda-as-70b-investment-momentum-accelerates/): The Angola Oil & Gas Conference & Exhibition (AOG)—organized by Energy Capital & Power, was officially launched in Luanda on January 27,  marking the start of the countdown to the country’s premier oil and gas event. Scheduled to take place on September 9–10, 2026, in Luanda, under the theme Investing in the Future of Angola, the event comes on the heels of Angola’s 50 years of independence in 2025, providing a strategic platform for policymakers, operators, financiers and service providers to chart the next five decades of hydrocarbon development. With a one-billion-dollar investment pipeline underway, new barrels coming to the market and expanded activity by both active operators and new entrants, Angola is moving beyond sustained production to become a driving force behind regional hydrocarbon development.
- [Viridien and SLB to Launch Massive Multi-Client OBN Program Over Eastern Mediterranean Offshore](https://offshoresource.com/news/oil-gas/viridien-and-slb-to-launch-massive-multi-client-obn-program-over-eastern-mediterranean-offshore/): Viridien and SLB have entered into an agreement with the Egyptian Natural Gas Holding Company (EGAS) to launch a massive multi-client ocean bottom node (OBN) seismic acquisition and imaging program in Egypt’s Eastern Mediterranean offshore.
- [TGS Launches Multi-Client PSDM Reprocessing Project Offshore Australia](https://offshoresource.com/news/oil-gas/tgs-launches-multi-client-psdm-reprocessing-project-offshore-australia/): TGS, a global leader in energy data and intelligence, has launched the Bonaparte Basin PSDM Reprocessing Project, a new multi-client initiative designed to enhance subsurface imaging and geological understanding offshore Australia.
- [Major Milestone Achieved for Offshore Wind in Taiwan](https://offshoresource.com/news/renewables/major-milestone-achieved-for-offshore-wind-in-taiwan/): The installation of the last wind turbine at the 920 MW Greater Changhua 2b and 4 offshore wind farms in Taiwan was completed last week, marking a successful conclusion of the wind turbine build-out and a landmark milestone for the offshore wind industry in the Asia-Pacific region.
- [Preliminary Injunction Granted Allowing Coastal Virginia Offshore Wind Project to Resume Work](https://offshoresource.com/news/renewables/preliminary-injunction-granted-allowing-coastal-virginia-offshore-wind-project-to-resume-work/): On January 16, 2026, the US District Court for the Eastern District of Virginia granted Dominion Energy’s request for a preliminary injunction allowing construction to resume on the Coastal Virginia Offshore Wind (CVOW) project while Dominion Energy’s lawsuit challenging the agency’s action proceeds. Our team will now focus on safely restarting work to ensure CVOW begins delivery of critical energy in just weeks. While our legal challenge proceeds, we will continue seeking a durable resolution of this matter through cooperation with the federal government.
- [Chevron to Expand Production Capacity at Leviathan, Offshore Israel](https://offshoresource.com/news/oil-gas/chevron-to-expand-production-capacity-at-leviathan-offshore-israel/): Chevron Corporation, by its subsidiary, Chevron Mediterranean Limited (CML), and the working interest owners of the Leviathan natural gas reservoir have reached a Final Investment Decision (FID) to expand the production capacity of the strategic Leviathan production platform located offshore Israel.
- [Caribbean Energy Infrastructure Readies for Capital Inflows in 2026](https://offshoresource.com/news/finance/caribbean-energy-infrastructure-readies-for-capital-inflows-in-2026/): Across the Caribbean and its Atlantic Basin neighbors, 2025 saw tangible progress in energy infrastructure, from pipelines and ports to power generation projects. These developments highlight how integrated infrastructure can serve as the backbone of regional energy growth, enabling lower-cost electricity, stronger grid reliability and improved industrial competitiveness.
- [Aker BP Awarded 22 Exploration Licenses on Norwegian Continental Shelf](https://offshoresource.com/news/oil-gas/aker-bp-awarded-22-exploration-licenses-on-norwegian-continental-shelf/): The Norwegian authorities have offered Aker BP ownership interests in 22 exploration licenses on the Norwegian Continental Shelf (NCS) in the APA 2025 licensing round. Aker BP has been awarded operatorship in 12 of the licenses. The awards strengthen the company’s position as one of the most active exploration companies on the NCS.
- [Revolution Wind Construction to Resume](https://offshoresource.com/news/renewables/revolution-wind-construction-to-resume/): The US District Court for the District of Columbia has granted the preliminary injunction sought by Revolution Wind, LLC (‘Revolution Wind’) regarding the December 22, 2025 suspension order issued by the Department of the Interior’s Bureau of Ocean Energy Management (BOEM). The court’s action will allow the Revolution Wind Project (the ‘Project’) to restart impacted activities immediately while the underlying lawsuit challenging the August 22, 2025, and December 22, 2025, BOEM Director’s orders progresses. Revolution Wind will determine how best it may be possible to work with the US Administration to achieve an expeditious and durable resolution.
- [Equinor Scores 35 New Production Licenses on Norwegian Continental Shelf](https://offshoresource.com/news/oil-gas/equinor-scores-35-new-production-licenses-on-norwegian-continental-shelf/): Equinor will gain access to attractive acreage in the North Sea, the Norwegian Sea and the Barents Sea, strengthening the foundation for the company's exploration activity, production and long-term value creation on the Norwegian continental shelf (NCS).
- [QatarEnergy Acquires Interest in a New Exploration Block Offshore Lebanon](https://offshoresource.com/news/oil-gas/qatarenergy-acquires-interest-in-a-new-exploration-block-offshore-lebanon/): QatarEnergy has signed an agreement with the Lebanese government, TotalEnergies, and Eni to enter into an exploration block offshore Lebanon. 
- [Magnet Defense Acquires Metal Shark to Accelerate Autonomous Maritime Capabilities](https://offshoresource.com/news/maritime/magnet-defense-acquires-metal-shark-to-accelerate-autonomous-maritime-capabilities/): Magnet Defense, a developer of fully autonomous national security maritime platforms for fleet operations and missile defense missions, announces that it has officially completed its acquisition of Metal Shark, a leading designer and shipbuilder of highly capable maritime platforms for defense and law enforcement missions. The combination of Magnet Defense and Metal Shark offers US and allied militaries a leading supplier of AI-enabled unmanned surface vessels (USVs). Metal Shark's shipyards are the hubs from which Magnet Defense will deliver critical capabilities for the US Golden Fleet initiative.
- [DOI is Pausing Five Offshore Wind Leases Currently Under Construction](https://offshoresource.com/news/renewables/doi-is-pausing-five-offshore-wind-leases-currently-under-construction/): The Department of the Interior has announced that it is pausing—effective immediately—the leases for all large-scale offshore wind projects under construction in the United States due to national security risks identified by the Department of War in recently completed classified reports. This pause will give the Department, along with the Department of War and other relevant government agencies, time to work with leaseholders and state partners to assess the possibility of mitigating the national security risks posed by these projects.
- [Saipem Awarded Multi-Billion Offshore EPCI Contract by QatarEnergy](https://offshoresource.com/news/oil-gas/saipem-awarded-multi-billion-offshore-epci-contract-by-qatarenergy/): Saipem, in partnership with Offshore Oil Engineering Co. Ltd. (COOEC), has been awarded an offshore EPCI contract by QatarEnergy LNG for the COMP5 package of the North Field Production Sustainability (NFPS) Offshore Compression Complexes project. The overall value of the contract is approximately 4 billion USD and Saipem’s share amounts to approximately $3.1 billion.
- [Venterra Secures £40 Million Equity Investment to Accelerate Global Offshore Wind Growth](https://offshoresource.com/news/finance/venterra-secures-40-million-equity-investment-to-accelerate-global-offshore-wind-growth/): Venterra Group, a leading provider of offshore wind services, solutions and technology, has secured £40 million in new equity funding in support of its business and growth strategy. The raise has been backed by several of its existing key investors, including General Atlantic’s BeyondNetZero and First Reserve, as well as several other shareholder investors, including Venterra founder Ayman Asfari.
- [Harbour Energy to Acquire LLOG](https://offshoresource.com/news/finance/harbour-energy-to-acquire-llog/): Harbour announced on December 22, that it has entered into an agreement to acquire LLOG Exploration Company LLC ("LLOG") from LLOG Holdings LLC for $3.2 billion (the “Acquisition”), comprising $2.7 billion of cash and $0.5 billion of Harbour’s voting ordinary shares. The Acquisition marks Harbour’s strategic entry into the US Gulf of America, strengthening its global portfolio and establishing another core business unit alongside Norway, the UK, Argentina and Mexico.
- [bp Starts Up Seventh Major Project of 2025 in Gulf of America](https://offshoresource.com/news/oil-gas/bp-starts-up-seventh-major-project-of-2025-in-gulf-of-america/): bp successfully delivered first oil from the Atlantis Drill Center 1 expansion project in the US Gulf of America, its seventh upstream major project startup of the year.
- [bp, Chevon and Shell Highest Bidders in Lease Sale Big Beautiful Gulf 1](https://offshoresource.com/news/finance/bp-chevon-and-shell-highest-bidders-in-lease-sale-big-beautiful-gulf-1/): The Department of the Interior announces that the Bureau of Ocean Energy Management successfully conducted Lease Sale Big Beautiful Gulf 1, which is the first mandatory offshore oil and gas lease sale required under the One Big Beautiful Bill Act. The sale generated $279,433,757 in high bids for 181 blocks across 80 million acres in federal waters of the Gulf of America. Thirty companies submitted 219 bids totaling $371,881,093.
- [Equinor, Vår Energi and Petoro to Invest in the Next Phase of the Johan Castberg field](https://offshoresource.com/news/finance/equinor-var-energi-and-petoro-to-invest-in-the-next-phase-of-the-johan-castberg-field/): Equinor, Vår Energi and Petoro will invest just over NOK four billion in the first discovery tied back to the Johan Castberg field in the Barents Sea. The decision was made eight months after Johan Castberg came on stream.
- [Eni Makes Significant Gas Discovery Offshore Indonesia](https://offshoresource.com/news/oil-gas/eni-makes-significant-gas-discovery-offshore-indonesia/): Eni announces a significant gas discovery in the Konta-1 exploration well, drilled in the Muara Bakau PSC, in the Kutei Basin, about 50 km off the coast of East Kalimantan in Indonesia. Estimates indicate 600 billion cubic feet (Bcf) of gas initially in place (GIIP) with a potential upside beyond 1 trillion cubic feet (TCF).
- [Equinor Makes Two New Large Discoveries in the North Sea](https://offshoresource.com/news/oil-gas/equinor-makes-two-new-large-discoveries-in-the-north-sea/): Equinor has made two new discoveries of gas and condensate in the Sleipner area of the North Sea. These are Equinor’s largest discoveries so far this year and can be developed for the European market through existing infrastructure.
- [Ørsted’s Largest Offshore Wind Farm in Germany Produces First Power](https://offshoresource.com/news/renewables/orsteds-largest-offshore-wind-farm-in-germany-produces-first-power/): The offshore wind farm Borkum Riffgrund 3, jointly owned by Ørsted and Nuveen Infrastructure, has delivered its first power to the German grid on 3 December 2025. With an installed capacity of 913 MW, it will become by far the largest offshore wind farm in Ørsted’s German portfolio. Borkum Riffgrund 3 shows the breadth of the European offshore wind supply chain as the project has been constructed using wind turbines and foundations from Germany and Denmark, cables from Germany and France, and installation vessels from the Netherlands and Belgium.
- [Chevron Announces 2026 Capex Budget of $18 to $19 Billion](https://offshoresource.com/news/finance/chevron-announces-2026-capex-budget-of-18-to-19-billion/): Chevron Corporation (NYSE: CVX) has announced an organic capital expenditure range of $18 to $19 billion for consolidated subsidiaries (capex) for 2026, at the low-end of the long-term guidance range of $18 to $21 billion. Affiliate capital expenditure (affiliate capex) is expected to be $1.3 to $1.7 billion for 2026.
- [Production Starts from the Verdande Subsea Field in the Norwegian Sea](https://offshoresource.com/news/oil-gas/production-starts-from-the-verdande-subsea-field-in-the-norwegian-sea/): On December 2, production started from the Verdande subsea field in the Norwegian Sea. The field is tied back to the Norne FPSO. With reserves of 36 million barrels of oil, Verdande helps extend Norne’s production beyond 2030.
- [Equinor and Shell Finalizes Adura Formation](https://offshoresource.com/news/oil-gas/equinor-and-shell-finalizes-adura-formation/): Equinor and Shell have completed a deal to combine their UK offshore oil and gas operations to form a new company. Adura, which launched today, will be the UK North Sea’s largest independent producer.
- [Allseas to Install 500 Kilometer Pipeline System in Gulf of America](https://offshoresource.com/news/oil-gas/allseas-to-install-500-kilometer-pipeline-system-in-gulf-of-america/): Allseas will deliver major new deepwater crude oil and natural gas export systems for Enbridge Offshore Facilities, LLC (“Enbridge”) in the central Gulf of America, expanding transport capacity and strengthening critical subsea infrastructure for future energy production.
- [DOI Secretary Signs Order to Unleash American Offshore Energy](https://offshoresource.com/news/oil-gas/doi-secretary-signs-order-to-unleash-american-offshore-energy/): The Department of the Interior is announcing a Secretary’s Order titled “Unleashing American Offshore Energy,” directing the Bureau of Ocean Energy Management to take the necessary steps, in accordance with federal law, to terminate the restrictive Biden 2024–2029 National Outer Continental Shelf Oil and Gas Leasing Program and replace it with a new, expansive 11th National Outer Continental Shelf Oil and Gas Leasing Program by October 2026. As part of this directive, the Department is releasing the Secretary’s Draft Proposed Program for the 11th National Outer Continental Shelf Oil and Gas Leasing Program.
- [Bureau Veritas Signs Declaration of Cooperation to Accelerate Nuclear for Maritime Applications](https://offshoresource.com/news/maritime/bureau-veritas-signs-declaration-of-cooperation-to-accelerate-nuclear-for-maritime-applications/): With more than 30 European companies from the French and international nuclear and maritime sectors, Bureau Veritas (BV), a world leader in testing, inspection, and certification, formally signed theDeclaration of Cooperation for Accelerating Nuclear for Maritime Applications to meet Climate Ambitionsduring the World Nuclear Exhibition in Paris.
- [bp Confirms Discovery in Namibia’s Orange Basin](https://offshoresource.com/news/oil-gas/bp-confirms-discovery-in-namibia-s-orange-basin/): bp has confirmed the preliminary results of the Volans-1X exploration well in Namibia’s Orange Basin, as reported by operator Rhino Resources. 
- [Equinor and Partners Start Production from Brazil’s Largest Offshore Oilfield](https://offshoresource.com/news/oil-gas/equinor-and-partners-start-production-from-brazil-s-largest-offshore-oilfield/): On October 15, at 22.56 Rio time, Equinor and its partners ExxonMobil Brasil, Petrogal Brasil (JV Galp|Sinopec) and Pré-sal Petróleo SA (PPSA) achieved start-up of production from the large Bacalhau field in Brazil.
- [Exail Expands Presence in the Baltic Sea](https://offshoresource.com/news/maritime/exail-expands-presence-in-the-baltic-sea/): Exail, together with its partner Thesta, has delivered a DriX H-8 Uncrewed Surface Vessel (USV) to Orlen Petrobaltic.
- [Suriname Emerges as Caribbean’s Next Oil & Gas Powerhouse](https://offshoresource.com/news/finance/suriname-emerges-as-caribbean-s-next-oil-gas-powerhouse/): Suriname is emerging as a rising star in the global energy scene and has the potential to make a significant impact with its vast oil and gas reserves.
- [Shell Invests in Nigeria Offshore Gas Development](https://offshoresource.com/news/finance/shell-invests-in-nigeria-offshore-gas-development/): Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell plc, together with Sunlink Energies and Resources Limited, have taken a final investment decision (FID) on the HI gas project offshore Nigeria.
- [New Guidance Targets Soaring Oil & Gas Well Decommissioning Costs](https://offshoresource.com/news/finance/new-guidance-targets-soaring-oil-gas-well-decommissioning-costs/): Energy companies have been urged to follow new guidance to speed up the rollout of improved technologies for decommissioning oil and gas wells.
- [bp Starts Production from Murlach in the UK North Sea](https://offshoresource.com/news/oil-gas/bp-starts-production-from-murlach-in-the-uk-north-sea/): bp has safely started up its sixth major upstream oil and gas project of 2025 with production from the Murlach field in the UK North Sea.
- [Helsing Acquires Blue Ocean to Accelerate its Maritime Defense Program ](https://offshoresource.com/news/maritime/helsing-acquires-blue-ocean-to-accelerate-its-maritime-defense-program/): Helsing, a leading European defense technology company, is in the process of acquiring Blue Ocean, an ocean technology company that designs, develops, and operates autonomous underwater vehicles (AUVs).
- [Equatorial Guinea, ConocoPhillips Sign HOA for Offshore Blocks, Unlocking $9B Investment Opportunity](https://offshoresource.com/news/finance/equatorial-guinea-conocophillips-sign-hoa-for-offshore-blocks-unlocking-9b-investment-opportunity/): Equatorial Guinea has signed a Heads of Agreement (HOA) with energy major ConocoPhillips for Blocks B/4 and EG-27 in a move set to unlock up to $9 billion in investments.
- [Saipem and Subsea7 Merger Creating Global Energy Player](https://offshoresource.com/news/finance/saipem-and-subsea7-merger-creating-global-energy-player/): Saipem and Subsea7 have entered into a binding merger agreement, on terms and conditions in line with what previously communicated at the time of the signing of the Memorandum of Understanding on February 23, 2025. The merger of Saipem and Subsea7 will create a global leader in energy services. 
- [Sunrise Wind Receives Final Approval from BOEM](https://offshoresource.com/news/renewables/sunrise-wind-receives-final-approval-from-boem/): Sunrise Wind, New York largest offshore wind project, has received approval of its construction and operations plan (COP) from the US Department of the Interior’s Bureau of Ocean Energy Management (BOEM), which is the final permit need from the federal agency to move the project towards the start of offshore construction.
- [Iberdrola Commissions Second Offshore Wind Farm in France](https://offshoresource.com/news/renewables/iberdrola-commissions-second-offshore-wind-farm-in-france/): Iberdrola has announced that Saint-Brieuc has become the second fully operational offshore wind farm in France and the first in Brittany.
- [Saudi Arabia’s New Ras Al-Khair Special Economic Zone Unveils Strategic Investment Opportunities](https://offshoresource.com/news/finance/saudi-arabia-s-new-ras-al-khair-special-economic-zone-unveils-strategic-investment-opportunities/): Saudi Arabia’s Ras Al-Khair Special Economic Zone (SEZ) has opened the investment gateway for local and foreign investors looking to tap into the Kingdom’s flourishing maritime infrastructure. Investors will benefit from the financial, strategic, and operational advantages that come with a presence in the King Salman International Complex for Maritime Industries and Services, which is one of the largest maritime yards in the world.
- [Equinor Takes Full Ownership in Empire Wind](https://offshoresource.com/news/renewables/equinor-takes-full-ownership-in-empire-wind/): Equinor has entered into a swap transaction with bp, under which Equinor will take full ownership of the Empire Wind lease and projects and bp will take full ownership of the Beacon Wind lease and projects.
- [Talos Energy to Acquire QuarterNorth Energy for $1.29 Billion](https://offshoresource.com/news/finance/talos-energy-to-acquire-quarternorth-energy-for-1-29-billion/): Talos Energy Inc. (NYSE: TALO) has announced the execution of definitive agreements to acquire QuarterNorth Energy Inc. ("QuarterNorth") for $1.29 billion (the "Transaction"). QuarterNorth is a privately-held U.S. Gulf of Mexico exploration and production company with ownership in several prolific offshore fields.
- [CIP, Avangrid Announce First Power from Vineyard Wind 1 Project](https://offshoresource.com/news/renewables/cip-avangrid-announce-first-power-from-vineyard-wind-1-project/): Copenhagen Infrastructure Partners (CIP), a global leader in greenfield renewable energy investments, and Avangrid, Inc. a leading sustainable energy company and member of the Iberdrola Group, announces that power from the Vineyard Wind project was delivered to the New England grid for the first time.
- [Ørsted Ceases Development of its US Offshore Wind Projects Ocean Wind 1 and 2](https://offshoresource.com/news/renewables/orsted-ceases-development-of-its-us-offshore-wind-projects-ocean-wind-1-and-2/): Following decisions of its Board of Directors, Ørsted will cease development of the Ocean Wind 1 and 2 projects and has taken final investment decision on the Revolution Wind project.
- [BOEM Designates Four Wind Energy Areas in Gulf of Mexico](https://offshoresource.com/news/renewables/boem-designates-four-wind-energy-areas-in-gulf-of-mexico/): The Bureau of Ocean Energy Management (BOEM) has finalized four new Wind Energy Areas (WEAs) in the Gulf of Mexico.
- [Chevron Sign Agreement to Acquire Hess](https://offshoresource.com/news/finance/chevron-sign-agreement-to-acquire-hess/): Chevron Corporation has entered into a definitive agreement with Hess Corporation to acquire all of the outstanding shares of Hess in an all-stock transaction valued at $53 billion, or $171 per share based on Chevron’s closing price on October 20, 2023. Under the terms of the agreement, Hess shareholders will receive 1.0250 shares of Chevron for each Hess share.
- [Carbonvert and Castex to Develop Large-Scale CO2 Storage Hub Offshore Louisiana](https://offshoresource.com/news/renewables/carbonvert-and-castex-to-develop-large-scale-co2-storage-hub-offshore-louisiana/): Carbonvert Inc. and Castex Energy, Inc., through its wholly owned subsidiary, Castex Carbon Solutions, LLC. have executed an operating agreement with the State of Louisiana to develop a 24,000-acre tract of land situated in State waters, offshore Cameron Parish, to permanently store carbon dioxide (“CO2”). Castex’s decades-long operational, commercial and subsurface experience, combined with Carbonvert’s specialized expertise in carbon capture and storage (“CCS”), position the Cameron Parish CO2 Hub as a leading choice for regional emitters seeking efficient and sustainable decarbonization solutions.
- [World’s Largest Floating Offshore Windfarm Officially Opened in Norway](https://offshoresource.com/news/renewables/world-s-largest-floating-offshore-windfarm-officially-opened-in-norway/): The Hywind Tampen wind farm was opened on Wednesday, August 23, 2023, by Crown Prince Haakon of Norway. Gullfaks and Snorre are the first oil and gas fields in the world to receive power from offshore wind, reducing CO2 emissions.
- [Revolution Wind Receives Federal Record of Decision](https://offshoresource.com/news/renewables/revolution-wind-receives-federal-record-of-decision/): Revolution Wind has announced receipt of its Record of Decision (ROD) from the US Department of the Interior's Bureau of Ocean Energy Management (BOEM), successfully reaching a major milestone in the federal environmental review process for the offshore wind project serving Rhode Island and Connecticut.
- [First Ever Gulf of Mexico Offshore Wind Lease Sale Announced](https://offshoresource.com/news/renewables/first-ever-gulf-of-mexico-offshore-wind-lease-sale-announced/): The Department of the Interior will hold the first-ever offshore wind energy lease sale in the Gulf of Mexico, advancing the Biden-Harris administration’s work to deploy 30 gigawatts (GW) of offshore wind energy by 2030 and reach a carbon-free electricity sector by 2035.
- [Woodside to Invest $7.2B in the Trion Field Offshore Mexico](https://offshoresource.com/news/finance/woodside-to-invest-7-2b-in-the-trion-field-offshore-mexico/): Woodside has made a final investment decision to develop the large, high-quality Trion resource in Mexico. The expected returns from the development exceed Woodside’s capital allocation framework targets and deliver enduring shareholder value. First oil is targeted for 2028.
- [Offshore Oil and Gas Sector Set for Highest Growth in a Decade](https://offshoresource.com/news/finance/offshore-oil-and-gas-sector-set-for-highest-growth-in-a-decade/): The offshore oil and gas (O&G) sector is set for the highest growth in a decade in the next two years, with $214 billion of new project investments lined up. Rystad Energy research shows that annual greenfield capital expenditure (capex) broke the $100 billion threshold in 2022 and will break it again in 2023 – the first breach for two straight years since 2012 and 2013.
- [DOI Proposes First-Ever Offshore Wind Sale in Gulf of Mexico](https://offshoresource.com/news/renewables/doi-proposes-first-ever-offshore-wind-sale-in-gulf-of-mexico/): The Department of the Interior is proposing the first-ever offshore wind lease sale in the Gulf of Mexico. The announcement is part of the Administration’s latest actions to expand offshore wind opportunities to more regions of the country, building on investments in the President’s Inflation Reduction Act and Bipartisan Infrastructure Law to spur offshore wind deployment and create good-paying jobs for American workers.
- [ConocoPhillips China Inc. and CNOOC Limited Announces the Startup of the Penglai Offshore Windfarm Pilot Project](https://offshoresource.com/news/renewables/conocophillips-china-inc-and-cnooc-limited-announces-the-startup-of-the-penglai-offshore-windfarm-pilot-project/): ConocoPhillips China Inc. (COPC) and CNOOC Limited have officially announced the commencement of the Penglai Offshore Windfarm Pilot Project at the fifth China International Import Expo (CIIE) in Shanghai.
- [BOEM Designates Two Wind Energy Areas in Gulf of Mexico](https://offshoresource.com/news/renewables/boem-designates-two-wind-energy-areas-in-gulf-of-mexico/): The Bureau of Ocean Energy Management (BOEM) has finalized two Wind Energy Areas (WEAs) in the Gulf of Mexico, with the potential to produce enough clean wind energy to power nearly 3 million homes.
- [ExxonMobil Announces Third-Quarter 2022 Earnings of $19.7 Billion](https://offshoresource.com/news/finance/exxonmobil-announces-third-quarter-2022-earnings-of-19-7-billion/): ExxonMobil Corporation has announced third-quarter 2022 earnings of $19.7 billion, or $4.68 per share assuming dilution.
- [First Ever Offshore Wind Lease Sale in the Pacific to be Held in December](https://offshoresource.com/news/renewables/first-ever-offshore-wind-lease-sale-in-the-pacific-to-be-held-in-december/): In a new development in the pursuit of a clean energy future, the Department of the Interior has announced that the Bureau of Ocean Energy Management (BOEM) will hold an offshore wind energy lease sale on Dec. 6, 2022, for areas on the Outer Continental Shelf (OCS) off central and northern California.
- [API Analysis: US Oil & Gas Industry a Driver of Every Sector of the US Economy](https://offshoresource.com/news/finance/api-analysis-us-oil-gas-industry-a-driver-of-every-sector-of-the-us-economy/): The American Petroleum Institute (API) has released a new analysis of the natural gas and oil industry’s impact on the U.S. economy and highlighted its importance to the nation’s post-pandemic recovery.
- [bp, Aker and Statkraft to Develop Offshore Wind in the Norwegian North Sea](https://offshoresource.com/news/renewables/bp-aker-and-statkraft-to-develop-offshore-wind-in-the-norwegian-north-sea/): bp has agreed to join Statkraft and Aker Offshore Wind in a ‎consortium bidding to develop offshore wind energy in Norway. The partnership – in which bp, Statkraft and Aker Offshore Wind will each hold a 33.3% ‎share – will pursue a bid to develop offshore wind power in the Sørlige Nordsjø II (SN2) ‎license area.
- [DOI to Explore Offshore Wind Potential in Gulf of Mexico](https://offshoresource.com/news/renewables/doi-to-explore-offshore-wind-potential-in-gulf-of-mexico/): The Department of the Interior announces its intent to assess potential opportunities to advance clean energy development on the Gulf of Mexico Outer Continental Shelf (OCS). This significant milestone is part of the Biden-Harris administration’s goal to create thousands of jobs through the deployment of 30 gigawatts (GW) of offshore wind by 2030.
- [Cerulean Winds Reveals Ambitious Decarbonization Plan on the UKCS](https://offshoresource.com/news/renewables/cerulean-winds-reveals-ambitious-decarbonization-plan-on-the-ukcs/): Green infrastructure developer Cerulean Winds has revealed an ambitious plan to accelerate decarbonization of oil and gas assets through an integrated 200-turbine floating wind and hydrogen development that would shift the dial on emissions targets and create significant jobs.
- [The National Renewable Energy Laboratory Reveals New Marine Energy Atlas](https://offshoresource.com/news/renewables/the-national-renewable-energy-laboratory-reveals-new-marine-energy-atlas/): The promise of marine energy is seemingly boundless—and thanks to a recently upgraded tool powered by new high-resolution data sets, users can pinpoint promising sites.
- [Federal Approval of First Major Offshore Wind Project in U.S. Waters](https://offshoresource.com/news/renewables/federal-approval-of-first-major-offshore-wind-project-in-u-s-waters/): Secretary of the Interior Deb Haaland and Secretary of Commerce Gina Raimondo has announced approval of the construction and operation of the Vineyard Wind project — the first large-scale, offshore wind project in the United States.
- [Ocergy, Inc. Secures Investments from Moreld Ocean Wind and Chevron Technology Ventures](https://offshoresource.com/news/finance/ocergy-inc-secures-investments-from-moreld-ocean-wind-and-chevron-technology-ventures/): Ocergy, Inc. has secured investments from Moreld Ocean Wind (MOW) and Chevron Technology Ventures (CTV). The Series A round will fund Ocergy's growth and the commercialization of its sustainable offshore solutions, the OCG-Wind Floating Offshore Wind Turbine (FOWT) technology and OCG-Data environmental monitoring buoy. 
- [Interior Joins Government-Wide Effort to Advance Offshore Wind](https://offshoresource.com/news/renewables/interior-joins-government-wide-effort-to-advance-offshore-wind/): Secretary of the Interior Deb Haaland joined the Secretaries of Energy, Commerce, and Transportation in a White House forum to meet with representatives from states, the offshore wind industry, and members of the labor community to identify solutions to the greatest challenges facing the development of this new industry.
- [Equinor Selected for US Largest Offshore Wind Award](https://offshoresource.com/news/renewables/equinor-selected-for-us-largest-offshore-wind-award/): Equinor has been selected to provide New York State with offshore wind power in one of the largest renewable energy procurements in the U.S. to date.
- [Ocean Energy Industry Calls for European Target of 100MW by 2025](https://offshoresource.com/news/renewables/ocean-energy-industry-calls-for-european-target-of-100mw-by-2025/): The new EU Strategy on Offshore Renewable Energy must include a target of 100MW of ocean energy installed in Europe by 2025. This would be enough to power 100,000 European homes a year, and would pave the way for installing 3GW by 2030 and 100GW by 2050.
- [Total Acquires 51% Stake in the Seagreen 1 Offshore Wind Farm Project](https://offshoresource.com/news/renewables/total-acquires-51-stake-in-the-seagreen-1-offshore-wind-farm-project/): Total has entered into an agreement with SSE Renewables, to acquire a 51% stake in the Seagreen 1 offshore wind farm project for an upfront payment at closing of 70m£ and earn-outs up to 60m£ in aggregate subject to performance conditions.
- [Equinor and SSE Renewables to Build O&M Base at Port of Tyne](https://offshoresource.com/news/renewables/equinor-and-sse-renewables-to-build-o-m-base-at-port-of-tyne/): Equinor and SSE Renewables, the two companies behind the world’s biggest offshore wind farm Dogger Bank, have today announced plans to build a new Operations and Maintenance (O&M) Base at the Port of Tyne.
- [France to Become Europe’s Fourth-Largest Offshore Wind Producer in 2030](https://offshoresource.com/news/renewables/france-to-become-europe-s-fourth-largest-offshore-wind-producer-in-2030/): France’s ambition to increase electricity production from renewable energy sources will make the country Europe’s fourth-largest offshore wind power producer in 2030, with 7.4 gigawatts (GW) of capacity in operation. The development is going full-steam ahead despite any potential cost or supply chain issues from Covid-19.
- [Data Show Big Savings in Decommissioning Costs with Veristar AIM3D](https://offshoresource.com/news/finance/data-show-big-savings-in-decommissioning-costs-with-veristar-aim3d-2/): A digital twinning and smart data asset management tool from Bureau Veritas, a world leader in testing, inspection and certification services, can save between 9% and 15% on total decommissioning project costs, research has revealed.
- [More Than Half of Global Licensing Rounds Likely to be Cancelled in 2020](https://offshoresource.com/news/finance/more-than-half-of-global-licensing-rounds-likely-to-be-cancelled-in-2020/): More than half of the world’s planned licensing rounds are likely to be cancelled this year due to the combined effect of the Covid-19 pandemic and the ongoing oil price war, a Rystad Energy impact analysis forecasts. New licensed offshore acreage is likely to fall by about 60% and onshore acreage by 30% compared with 2019 levels.
- [Hywind Tampen Floating Wind Farm Gets Approval](https://offshoresource.com/news/renewables/hywind-tampen-floating-wind-farm-gets-approval/): Norway’s Ministry of Petroleum and Industry has approved the plans for development and operation of the Hywind Tampen wind farm. The Snorre and Gullfaks platforms will be the first platforms in the world to receive power from a floating offshore wind farm.
- [Total Acquire 80% in UK Offshore Wind Project](https://offshoresource.com/news/renewables/total-acquire-80-in-uk-offshore-wind-project/): Total positions itself on the floating offshore wind segment in line with its strategy to develop renewable energy.  
- [Testing of Innovative Floating Platform Solution](https://offshoresource.com/news/renewables/testing-of-innovative-floating-platform-solution/): RWE Renewables and Saitec Offshore Technologies have joined forces to test new ways to affordably install and operate offshore wind farms in deep waters. In a joint pilot project called “DemoSATH”, the RWE subsidiary specialising in renewable energy and the Spanish engineering company Saitec Offshore Technologies will start testing a floating platform for wind turbines off the Basque Coast in 2021.
- [Global Oil Demand Growth Evaporates as Coronavirus Keeps Planes Grounded](https://offshoresource.com/news/finance/global-oil-demand-growth-evaporates-as-coronavirus-keeps-planes-grounded/): The coronavirus epidemic in China has triggered restrictions in the country’s public transport and air travel, both at a domestic and an international level, reducing demand for oil, which has lost about a fifth of its value since the start of the year.
- [Kongsberg Selling Hydroid, Inc. to Huntington Ingalls Industries](https://offshoresource.com/news/finance/kongsberg-selling-hydroid-inc-to-huntington-ingalls-industries/): Kongsberg Maritime AS has signed an agreement to sell its underwater technology company Hydroid, Inc. for USD 350 million to Huntington Ingalls Industries (HII), the largest supplier of vessels to the US Navy. The agreement provides that, as of closing, the parties will enter into a strategic alliance agreement concerning underwater technology and maritime solutions.
- [New US Energy Revolution: Offshore Wind](https://offshoresource.com/news/renewables/new-us-energy-revolution-offshore-wind/): According to fresh research by Rystad Energy, installed offshore wind capacity in US waters could reach 20 gigawatts (GW) by 2030 and annual investments in the sector could surpass $15 billion by the mid-2020s. Such a trajectory means capital expenditure in US offshore wind will likely exceed those in US offshore oil and gas within the next five years – a truly remarkable development.
- [McDermott Announces Prepackaged Chapter 11 Plan of Reorganization](https://offshoresource.com/news/finance/mcdermott-announces-prepackaged-chapter-11-plan-of-reorganization/): McDermott International, Inc. has announced that it has the support of more than two-thirds of all its funded debt creditors for a restructuring transaction that will equitize nearly all the Company's funded debt, eliminating over $4.6 billion of debt.
- [A New Offshore Investment Cycle is in the Making](https://offshoresource.com/news/finance/a-new-offshore-investment-cycle-is-in-the-making/): In retrospect, 2019 was another strong year for offshore exploration and production companies. Free cash flow remained strong and telltale signs have emerged that we are entering a new offshore investment cycle.
- [Launching of the Ocean Renewable Energy Action Coalition](https://offshoresource.com/news/renewables/launching-of-the-ocean-renewable-energy-action-coalition/): An international Ocean Renewable Energy Action Coalition has been formed to advance sustainable deployment of ocean-based renewable energy and mitigate the harmful impacts of climate change.
- [Global Oil and Gas Discoveries Reach Four-Year High In 2019](https://offshoresource.com/news/finance/global-oil-and-gas-discoveries-reach-four-year-high-in-2019/): The world’s oil and gas explorers powered ahead and discovered 12.2 billion barrels of oil equivalent (boe) in 2019, the highest volume since 2015, according to estimates from Rystad Energy. Last year recorded 26 discoveries of more than 100 million boe, with offshore regions dominating the list of new oil and gas deposits.
- [World’s First Investment Fund to Preventing Ocean Plastic in Asia](https://offshoresource.com/news/finance/world-s-first-investment-fund-to-preventing-ocean-plastic-in-asia/): A US$106 million (SGD$144 million) fund dedicated to preventing plastic from entering the Asian oceans was launched on December 4, 2019. The Circulate Capital Ocean Fund (CCOF) is the world’s first investment fund dedicated to address Asia’s plastic crisis. The Singapore-based fund is also one of the ten largest ASEAN-based Venture Capital Funds in the market.
- [US Only Months Away from Full Energy Independence](https://offshoresource.com/news/finance/us-only-months-away-from-full-energy-independence/): In a pivotal shift, the US is only months away from full energy independence. By 2030, total primary energy production will outpace primary energy demand by about 30%, according to Rystad Energy’s latest forecast.
- [Gulf of Mexico Poised to Continue Record Production](https://offshoresource.com/news/finance/gulf-of-mexico-poised-to-continue-record-production/): Despite massive cuts in investment the US Gulf of Mexico is set for another year of record oil production in 2020, according to Rystad Energy.
- [Petrobras Set to Become World’s Largest Oil Producer](https://offshoresource.com/news/finance/petrobras-set-to-become-world-s-largest-oil-producer/): Brazil’s Petrobras is on track to become the world’s largest oil producer among publicly listed companies by 2030, based on Rystad Energy’s latest data and forecasts.
- [DXP Enterprises, Inc. Announces New ABL Revolver](https://offshoresource.com/business-wire/dxp-enterprises-inc-announces-new-abl-revolver/):  
- [NW Natural Holdings Announces Dividend](https://offshoresource.com/business-wire/nw-natural-holdings-announces-dividend-17/):  
- [Darling Ingredients Inc. to Release Second Quarter 2026 Financial Results](https://offshoresource.com/business-wire/darling-ingredients-inc-to-release-second-quarter-2026-financial-results/):  
- [Valaris Schedules Second Quarter 2026 Earnings Release](https://offshoresource.com/business-wire/valaris-schedules-second-quarter-2026-earnings-release/):  
- [EverLine Appoints Cybersecurity and Critical Infrastructure Expert Jason Cradit as Chief Technology Officer and Chief Information Security Officer](https://offshoresource.com/business-wire/everline-appoints-cybersecurity-and-critical-infrastructure-expert-jason-cradit-as-chief-technology-officer-and-chief-information-security-officer/):  
- [ComEd Commissions Two New Substations, Unlocking Up To 550MW of Wind Energy to the Grid](https://offshoresource.com/business-wire/comed-commissions-two-new-substations-unlocking-up-to-550mw-of-wind-energy-to-the-grid/):  
- [Phillips 66 Announces Quarterly Dividend](https://offshoresource.com/business-wire/phillips-66-announces-quarterly-dividend-18/):  
- [Halliburton LOGIX™ MPD Integration Marks Asia Pacific First with Eni](https://offshoresource.com/news/oil-gas/halliburton-logix-mpd-integration-marks-asia-pacific-first-with-eni/): Halliburton has announced the successful deployment of LOGIX™ automation and remote operations on a deepwater exploration well with Eni offshore Indonesia. The operation marks a series of industry and regional firsts that advance closed-loop drilling automation and demonstrate performance at scale in complex offshore environments.
- [AE Shoals Selected to Support U.S. Navy-Led Study on Energetics Industrial Base Modernization](https://offshoresource.com/business-wire/ae-shoals-selected-to-support-u-s-navy-led-study-on-energetics-industrial-base-modernization/):  
- [Eaton Teams with FranklinWH to Expand Technologies for Energy Affordability and Resilience in U.S. Homes](https://offshoresource.com/business-wire/eaton-teams-with-franklinwh-to-expand-technologies-for-energy-affordability-and-resilience-in-u-s-homes/):  
- [Cheniere Announces Timing of Second Quarter 2026 Earnings Release and Conference Call](https://offshoresource.com/business-wire/cheniere-announces-timing-of-second-quarter-2026-earnings-release-and-conference-call/):  
- [Mobileye Announces Timing of its Second Quarter 2026 Results](https://offshoresource.com/business-wire/mobileye-announces-timing-of-its-second-quarter-2026-results/):  
- [Addionics Launches Autonomous Architecture™, the Battery Design for the Always-On AI World](https://offshoresource.com/business-wire/addionics-launches-autonomous-architecture-the-battery-design-for-the-always-on-ai-world/):  
- [Vigor Marine Portland Completes Dry Dock Repairs on USCGC Healy](https://offshoresource.com/news/maritime/vigor-marine-portland-completes-dry-dock-repairs-on-uscgc-healy/): Vigor Marine Portland has completed a dry dock maintenance availability for USCGC Healy (WAGB 20), a medium polar icebreaker operated by the US Coast Guard, at the Swan Island shipyard in Portland, Oregon. Approximately 900 skilled workers contributed to the project, demonstrating the scale of expertise required to execute one of the Pacific Northwest's most complex ship repair availabilities.
- [Baker Hughes Wins Liquefaction Equipment and Turbine Upgrade Awards for Sabine Pass Expansion](https://offshoresource.com/news/oil-gas/baker-hughes-wins-liquefaction-equipment-and-turbine-upgrade-awards-for-sabine-pass-expansion/): Baker Hughes, an energy technology company, announced three substantial awards for Cheniere's Sabine Pass LNG facility in Cameron Parish, Louisiana. The awards, booked in the second quarter, comprise orders from Bechtel Energy Inc. (Bechtel) and Cheniere to supply liquefaction equipment for Train 7 and for a boil-off gas re-liquefaction unit, as well as an award for fleet-wide gas turbine technology upgrades.
- [Hanwha Ocean Taps TMC Compressors for Two LNG Carrier Newbuilds](https://offshoresource.com/news/maritime/hanwha-ocean-taps-tmc-compressors-for-two-lng-carrier-newbuilds/): South Korean shipbuilder Hanwha Ocean has contracted TMC Compressors to deliver a complete marine compressed air system to two LNG carriers being constructed for an undisclosed Greek shipowner.
- [Fugro Supports Saipem’s NEP CO2 Pipeline with North Sea Survey Work](https://offshoresource.com/news/renewables/fugro-supports-saipems-nep-co2-pipeline-with-north-sea-survey-work/): Fugro has been awarded a contract by Saipem to deliver integrated marine survey and inspection services for the Northern Endurance Partnership (NEP), the UK's first CO2 transportation and storage infrastructure project. Saipem is leading the engineering, procurement, construction, and installation of the offshore pipeline and associated infrastructure for NEP, an incorporated joint venture between bp, Equinor, and TotalEnergies.
- [LibertyStream Enters Definitive Lithium Carbonate Offtake Agreement with U.S. Industrial Customer](https://offshoresource.com/business-wire/libertystream-enters-definitive-lithium-carbonate-offtake-agreement-with-u-s-industrial-customer/):  
- [Renewables: TotalEnergies Divests its Distributed Solar Generation Activities in Europe](https://offshoresource.com/business-wire/renewables-totalenergies-divests-its-distributed-solar-generation-activities-in-europe/):  
- [Mexico: TotalEnergies Ships to Asia the Very First Cargo Produced by the ECA LNG Plant](https://offshoresource.com/business-wire/mexico-totalenergies-ships-to-asia-the-very-first-cargo-produced-by-the-eca-lng-plant/):  
- [Dokainish & Company™ CEO Joins Canadian Prime Minister Mark Carney in Saudi Arabia](https://offshoresource.com/business-wire/dokainish-company-ceo-joins-canadian-prime-minister-mark-carney-in-saudi-arabia/):  
- [ Xcel Energy 2026 Second Quarter Earnings Conference Call](https://offshoresource.com/business-wire/xcel-energy-2026-second-quarter-earnings-conference-call/):  
- [Liberty Energy Inc. Announces Timing of Release of Second Quarter 2026 Financial Results and Conference Call](https://offshoresource.com/business-wire/liberty-energy-inc-announces-timing-of-release-of-second-quarter-2026-financial-results-and-conference-call/):  
- [Crescent Energy Schedules Second Quarter 2026 Earnings Release and Conference Call](https://offshoresource.com/business-wire/crescent-energy-schedules-second-quarter-2026-earnings-release-and-conference-call/):  
- [Tetra Tech Announces Planned Dates for Third Quarter 2026 Results and Conference Call](https://offshoresource.com/business-wire/tetra-tech-announces-planned-dates-for-third-quarter-2026-results-and-conference-call/):  
- [Pembina Congratulates Meta and the Government of Alberta on New Data Centre Investment](https://offshoresource.com/business-wire/pembina-congratulates-meta-and-the-government-of-alberta-on-new-data-centre-investment/):  
- [Castel Group Publishes Its 2025 Sustainability Report and Reaffirms Its Commitment to a Locally Rooted Development Model](https://offshoresource.com/business-wire/castel-group-publishes-its-2025-sustainability-report-and-reaffirms-its-commitment-to-a-locally-rooted-development-model/):  
- [CHS Reports Third Quarter Fiscal Year 2026 Earnings](https://offshoresource.com/business-wire/chs-reports-third-quarter-fiscal-year-2026-earnings/):  
- [Svanehoj Acquires Henri Systems Holland to Enhance Its Tank Gauging and Aftermarket Capabilities](https://offshoresource.com/news/oil-gas/svanehoj-acquires-henri-systems-holland-to-enhance-its-tank-gauging-and-aftermarket-capabilities/): Svanehoj has acquired Henri Systems Holland B.V., a leading Dutch specialist in the design and manufacturing of measurement and safety equipment for LNG and LPG vessels. The transaction closed on July 1, 2026.
- [Jackdaw Consultation Opens as Adura Urges Support for UK Energy Security](https://offshoresource.com/news/oil-gas/jackdaw-consultation-opens-as-adura-urges-support-for-uk-energy-security/): Adura has welcomed the opening of public consultation by the Offshore Petroleum Regulator for Environment and Decommissioning (OPRED) on the Jackdaw field.
- [OceanScore Sees Growing Port Adoption of PortView as EU Ports Strategy Raises Pressure for Measurable Environmental Results](https://offshoresource.com/news/maritime/oceanscore-sees-growing-port-adoption-of-portview-as-eu-ports-strategy-raises-pressure-for-measurable-environmental-results/): OceanScore, the maritime data and sustainability company helping shipping and ports turn regulatory and environmental complexity into commercial success, has announced growing adoption of PortView, its dedicated port emissions intelligence platform designed to help ports measure, understand and improve the impact of their environmental strategy.
- [Chinese Energy Storage Firm Hithium Wins ESG Award for Energy Access Initiative at Sino-European ESG Conference in Germany](https://offshoresource.com/business-wire/chinese-energy-storage-firm-hithium-wins-esg-award-for-energy-access-initiative-at-sino-european-esg-conference-in-germany/):  
- [Avangrid Begins Panel Installation at Oregon Trail Solar, Supports Local Jobs](https://offshoresource.com/business-wire/avangrid-begins-panel-installation-at-oregon-trail-solar-supports-local-jobs/):  
- [Avant Natural Resources Closes Oversubscribed Fundraise With Over $1 Billion of Aggregate Commitments](https://offshoresource.com/business-wire/avant-natural-resources-closes-oversubscribed-fundraise-with-over-1-billion-of-aggregate-commitments/):  
- [Partners Make Significant Investment in Marine Innovation Simulation Centre of Excellence](https://offshoresource.com/news/finance/partners-make-significant-investment-in-marine-innovation-simulation-centre-of-excellence/): KONGSBERG, Kongsberg Maritime, and the British Columbia Institute of Technology (BCIT) have announced a significant investment that will establish the Marine Innovation Simulation Centre of Excellence (MISE) in British Columbia. The initiative is designed to strengthen maritime innovation and skills development, support ongoing research and development, while building on key objectives outlined in Canada's Defence Industrial Strategy.
- [Chevron and ZL Chemicals Announce Technology Licensing Agreement for Advanced Chemical Surfactant Technology](https://offshoresource.com/business-wire/chevron-and-zl-chemicals-announce-technology-licensing-agreement-for-advanced-chemical-surfactant-technology/):  
- [TechnipFMC Awarded Subsea Contracts by Equinor for Multiple Projects in Norway](https://offshoresource.com/news/oil-gas/technipfmc-awarded-subsea-contracts-by-equinor-for-multiple-projects-in-norway-2/): TechnipFMC has been awarded multiple contracts by Equinor for a portfolio of subsea tie-back developments offshore Norway.
- [TechnipFMC Awarded Subsea Contract for Eni’s Baleine Phase 3 Development Offshore Côte d’Ivoire](https://offshoresource.com/news/oil-gas/technipfmc-awarded-subsea-contract-for-enis-baleine-phase-3-development-offshore-cote-divoire/): TechnipFMC has been awarded a significant contract by Eni SpA for Baleine Phase 3, a fast-track development to expand production from the largest hydrocarbon discovery offshore Côte d’Ivoire.
- [ESS Introduces Bridge™, a Modular Sodium-Ion Battery Energy Storage System for Grid-Scale, Data Center, and Commercial Applications](https://offshoresource.com/business-wire/ess-introduces-bridge-a-modular-sodium-ion-battery-energy-storage-system-for-grid-scale-data-center-and-commercial-applications/):  
- [Clean Harbors to Announce Second-Quarter 2026 Financial Results on July 29](https://offshoresource.com/business-wire/clean-harbors-to-announce-second-quarter-2026-financial-results-on-july-29/):  
- [HF Sinclair Provides Leadership Update](https://offshoresource.com/business-wire/hf-sinclair-provides-leadership-update/):  
- [Magnolia Oil & Gas Schedules Conference Call for Second Quarter 2026 Results](https://offshoresource.com/business-wire/magnolia-oil-gas-schedules-conference-call-for-second-quarter-2026-results/):  
- [PETRONAS Carigali Brings IBM and Tridiagonal.AI into TriCipta Upstream Push](https://offshoresource.com/news/company-updates/petronas-carigali-brings-ibm-and-tridiagonal-ai-into-tricipta-upstream-push/): PETRONAS Carigali Sdn. Bhd (PETRONAS Carigali) signed the third Joint Development Agreement (JDA) to advance its flagship TriCipta AI across the Upstream value chain.
- [James Fisher and Aquaterra Energy Unite to Simplify Well Abandonment Delivery](https://offshoresource.com/news/company-updates/james-fisher-and-aquaterra-energy-unite-to-simplify-well-abandonment-delivery/): James Fisher and Sons plc (James Fisher), a global provider of specialist marine and energy solutions driving offshore energy forward and Aquaterra Energy, a leading provider of intelligently-engineered products and services for well access and offshore developments, have formed a strategic global partnership to streamline offshore decommissioning delivery. The collaboration provides operators with a single, integrated route to plan and execute well abandonment and infrastructure removal programs more efficiently, with fewer interfaces and greater execution certainty.
- [Core Development Group of Mahwah, NJ to Sponsor RE+ Mid-Atlantic 2026 in Philadelphia](https://offshoresource.com/business-wire/core-development-group-of-mahwah-nj-to-sponsor-re-mid-atlantic-2026-in-philadelphia/):  
- [Quinbrook Closes Oversubscribed GBP 587 Million Renewables Impact Fund II](https://offshoresource.com/business-wire/quinbrook-closes-oversubscribed-gbp-587-million-renewables-impact-fund-ii/):  
- [tms Selects FourKites to Ensure Seamless Global Delivery of High-Demand Consumer Goods](https://offshoresource.com/business-wire/tms-selects-fourkites-to-ensure-seamless-global-delivery-of-high-demand-consumer-goods/):  
- [Schneider National, Inc. to report Second Quarter 2026 Earnings on July 30, 2026](https://offshoresource.com/business-wire/schneider-national-inc-to-report-second-quarter-2026-earnings-on-july-30-2026/):  
- [Alliant Energy Corporation Announces Second Quarter Earnings Release and Conference Call](https://offshoresource.com/business-wire/alliant-energy-corporation-announces-second-quarter-earnings-release-and-conference-call-2/):  
- [Enterprise Declares Quarterly Distribution](https://offshoresource.com/business-wire/enterprise-declares-quarterly-distribution-20/):  

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## Upcoming Events
- [World Offshore Week](https://offshoresource.com/events/world-offshore-week-2/): The Offshore Support Vessel & Logistics Theatre, part of World Offshore Week 2026, is the premier meeting place for offshore vessel owners, operators, charterers, energy companies and solution providers.
- [Offshore Energy Exhibition & Conference](https://offshoresource.com/events/offshore-energy-exhibition-conference/): The Offshore Energy Exhibition & Conference 2026 will take place on 24–25 November 2026 at RAI Amsterdam, bringing together global leaders from the offshore energy and maritime sectors for two days of networking, innovation, and industry insight.
- [Ocean Energy Europe (OEE)](https://offshoresource.com/events/ocean-energy-europe-oee/)
- [Carbon Capture Utilization & Storage Conference](https://offshoresource.com/events/carbon-capture-utilization-storage-conference/): The conference will bring together leaders from carbon emitting industries, policy makers, upstream players, project developers, financiers, EPCs, and midstream transportation, storage, and utilization providers to discuss the costs and economic feasibility of carbon capture projects.
- [European Power Investment Summit](https://offshoresource.com/events/os-website-box-january-deadline-december-30-300x250-pixels-ont-website-box-january-deadline-december-30-300x250-pixels/): Hear from senior industry leaders as they engage in insightful discussion that explores the key drivers and challenges of the power investment landscape. It is expected to bring together investors, project developers, utilities, and grid operators interested in developing, pricing, financing, buying and selling renewable energy projects across the UK and Europe.
- [World Offshore Week](https://offshoresource.com/events/world-offshore-week/): The World Offshore Week is a major event in Singapore and is described as the "#1 Meeting Place for the Offshore Oil, Energy and Marine Sectors."
- [Gastech](https://offshoresource.com/events/gastech/): Now in its 54th year, Gastech has stood at the forefront of energy transformation, driving innovation, collaboration, and investments that accelerate the global shift toward cleaner, more sustainable energy.
- [Offshore Northern Seas (ONS)](https://offshoresource.com/events/offshore-northern-seas-ons/): ONS serves as a global forum addressing crucial topics like geopolitics, energy security, and climate issues, bringing together leaders, experts, and companies from across the energy sector. The event features a comprehensive program, including a strategic conference, technical sessions, and a large exhibition space. It focuses on driving the new energy future, attracting tens of thousands of visitors, exhibitors, and speakers from around the world. The forum aims to foster discussion, innovation, and collaboration to meet global energy challenges. For example, the theme for the 2026 event is "Courage."
- [Australia Wind Energy](https://offshoresource.com/events/australia-wind-energy/): Australia Wind Energy 2026 (#AuWE2026) is the country's largest onshore and offshore wind energy event, where you can meet the entire wind energy value chain. It aims to assist in delivering a new energy economy by facilitating local, national, and international cooperation.
- [Sea Tech Week](https://offshoresource.com/events/sea-tech-week/)