Fossil Energy – Drilling
Saipem announces the restart of operations of the jack-up Perro Negro 7 in Saudi Arabia starting January 2026.
[Read more…] about Perro Negro 7 to resume operations in Saudi ArabiaAI delivers $130M boost to Equinor and Partners in 2025
General – AI
In 2025, artificial intelligence delivered tangible results for Equinor and its partners, helping save an estimated USD 130 million while strengthening safety, efficiency, and long-term energy security.
[Read more…] about AI delivers $130M boost to Equinor and Partners in 2025Swiss Holcim partners with BW Ideol
General – Partnership
Switzerland-headquartered Holcim has taken a minority equity ownership in BW Ideol to scale up the construction of clean energy infrastructure.
[Read more…] about Swiss Holcim partners with BW IdeolAker Solutions cuts costs and adjusts workforce
General – Aker Solutions
Following several years of record-high workload, Aker Solutions expects activity levels to decrease in 2026 compared to 2025.
[Read more…] about Aker Solutions cuts costs and adjusts workforceV.Group acquires Njord to accelerate shipping’s decarbonisation transition
General – Acquisition
V.Group announces the acquisition of Njord, the maritime fuel efficiency and decarbonisation partner, founded by Maersk Tankers.
[Read more…] about V.Group acquires Njord to accelerate shipping’s decarbonisation transitionPlans withdrawn for €1.4 billion Irish wind farm
Wind Energy – Withdrawal
Fuinneamh Sceirde Teoranta (FST), a company owned by Corio Generation that was developing the 450 MW Sceirde Rocks offshore wind project in Ireland, withdrew the consent application for the wind farm on 17 December 2025, according to a notice issued by Ireland’s national planning body, An Coimiúsin Pleanála (ACP), on 22 December.
[Read more…] about Plans withdrawn for €1.4 billion Irish wind farmChevron brings on stream 20,000 bpd Angola project
Fossil Energy – On Stream
Chevron has brought on stream its N’dola Sul project offshore Angola.
[Read more…] about Chevron brings on stream 20,000 bpd Angola projectVenezuela moves to cut oil output due to US export embargo
General – Venezuela
Reuters reports that Venezuela’s state-run oil company PDVSA has begun cutting crude production because it is running out of storage capacity.
[Read more…] about Venezuela moves to cut oil output due to US export embargoTransocean nets $168M in two rig contracts
Fossil Energy – Drilling Contracts
Transocean has secured a new contract and an extension for two of its rigs, adding approximately $168 million to its firm backlog.
[Read more…] about Transocean nets $168M in two rig contractsExxonMobil pushes ahead with further testing at Barreleye discovery
Fossil Energy – Exploration Drilling
ExxonMobil Guyana is continuing exploration drilling at the Barreleye-3 well in the Stabroek Block, according to a notice issued by Guyana’s Maritime Administration Department.
[Read more…] about ExxonMobil pushes ahead with further testing at Barreleye discovery