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Turkish Petroleum (TPAO) and Exxonmobil signed a Memorandum of Understanding covering new exploration areas in the Black Sea and the Mediterranean and other potential areas, Energy Minister Alparslan Bayraktar said on Thursday to Reuters.
[Read more…] about Turkey expands offshore push as TPAO signs MoU with ExxonMobilSaipem 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 ArabiaIn 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 2025Switzerland-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 IdeolFollowing 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 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 transitionFuinneamh 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[Read more…] about Plans withdrawn for €1.4 billion Irish wind farmChevron has brought on stream its N’dola Sul project offshore Angola.
[Read more…] about Chevron brings on stream 20,000 bpd Angola projectReuters 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 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 contracts