Global demand for liquefied natural gas (LNG) is forecast to rise by around 60% by 2040, largely driven by economic growth in Asia, emissions reductions in heavy industry and transport as well as the impact of artificial intelligence, according to Shell’s LNG Outlook 2025.

Natural gas will play a vital role in the energy transition, supporting the expansion of renewables and accelerating the shift away from coal, according to the latest Horizons report from Wood Mackenzie.

On Friday February 14, 2025, the US Department of Transportation’s Maritime Administration (MARAD) announced the issuance of the Texas Gulflink LLC (TGL) Record of Decision (ROD) to Sentinel Midstream, LLC, which will own, construct, and operate a deepwater port for the export of domestically produced crude oil.

Amplus Energy Services Ltd has entered into an agreement to acquire the Petrojarl I vessel, marking a significant milestone and introducing a distinctive new capability to the market.  

Oxford Flow, a flow control equipment specialist, has secured its largest order to date, valued at nearly $1 million, for its ES stemless axial flow valves. The order from bp is a significant milestone in Oxford Flow’s expansion in the US market. 

Seatrium Offshore Technology, the flagship offshore jack-up designer for Seatrium Group, has won an international tender from International Maritime Industries (IMI), the largest shipyard in the MENA region, for the supply of equipment and license for a LeTourneau Super 116E Class Self-Elevating Drilling Unit (SE-MODU), Kingdom 3.

EnerMech has secured a five-year contract extension to provide North Oil Company (NOC) with leak testing and flange management services, building upon a strong relationship which stretches back to 2017.

In the presence of President of Egypt Abdel Fattah El-Sisi and President of Cyprus Níkos Christodoulídis, TotalEnergies and ENI, partners in Cyprus offshore Block 6 (TotalEnergies 50%, ENI 50% operator), have signed today a Host Government Agreement (HGA) with the Arab Republic of Egypt and the Republic of Cyprus related to the development of Block 6 gas resources.

The N05-A platform is the first offshore gas platform in the Dutch North Sea to be powered entirely by wind power – harnessing electricity via cable from the nearby 113.4 MW Riffgat offshore wind farm.

Seatrium Limited is announcing the signing of a Memorandum of Understanding (MoU) with bp Exploration & Production Inc. (bp) in preparation for a second project, the Tiber Floating Production Unit (FPU), in the US Gulf of America.

NewTek HAZLOC-approved linear position sensors are certified for safe operation in hazardous locations with explosive gases, vapors, dust and other dangerous substances.

bp has announced the start of production from the second development phase of the Raven field, offshore Egypt, which involves the subsea tieback of additional Raven infill wells to its existing onshore infrastructure as part of the West Nile Delta (WND) project. bp, the operator, holds an 82.75% stake in the project, while Harbour Energy owns the remaining 17.25%.

Allseas is kicking off preparations for Búzios-10, one of the largest offshore pipeline installation projects in the company’s 40-year history.

SBM Offshore announces that FPSO Almirante Tamandaré is formally on hire as of February 16, 2025, after achieving first oil and the completion of a 72-hour continuous production test leading to Final Acceptance.

Drilling waste management specialist, TWMA™, has announced a landmark partnership with a multinational energy operator for its inaugural exploration project in Egypt.

On February 1st, Aker BP took over the operatorship of the Oda field from Sval Energi.