Kongsberg Maritime has announced a partnership with Solstad, Østensjø, DeepOcean, and Remota that will launch a pilot project to explore the potential for remote Dynamic Positioning (DP) operations in the offshore sector. SourceContinue Reading
Kongsberg Maritime has announced a partnership with Solstad, Østensjø, DeepOcean, and Remota that will launch a pilot project to explore the potential for remote Dynamic Positioning (DP) operations in the offshore sector. SourceContinue Reading
The Energy Workforce & Technology Council has released its May 2025 jobs report, highlighting continued resilience in the energy services sector amid signs of a broader national labor market slowdown. SourceContinue Reading
Baseline Energy Services LP has recently introduced its first 400 kW mobile power generator, the NexGen 400™, to its growing fleet. The 581 HP NexGen 400 delivers 385 kW of continuous power fueled by natural gas (~1,000 BTU) at full load. SourceContinue Reading
“This transaction, combined with the sale of our East Finn assets in 2023, completes our exit from the United States, allowing us to focus on our core gas-weighted assets in Canada and Europe,” Vermilion said in a statement. SourceContinue Reading
MODEC has signed an agreement to jointly develop and scale Carbon Clean’s CycloneCC carbon capture technology for offshore applications. The collaboration will work toward deployment of a fully commercialized CycloneCC solution on a MODEC FPSO by 2026. SourceContinue Reading
“This decline in oil investment is driven by economic uncertainties, lower demand expectations and lower prices,” IEA Executive Director Fatih Birol said in an interview as the agency published its annual World Energy Investment report. SourceContinue Reading
API President and CEO Mike Sommers joined this week’s episode of Veriten’s C.O.B. Tuesday podcast to discuss the state of American energy policy as the Trump administration and Congress continue to make progress on many of the priorities outlined in API’s five-point policy roadmap. SourceContinue Reading
Petronas, Malaysia’s state-owned oil and gas company, will cut about 10% of its workforce in a firm-wide restructuring as it looks to reduce costs due to falling crude prices. The company will reduce headcount by more than 5,000 people, said CEO Muhammad Taufik. SourceContinue Reading
Höegh Evi and Aker BP have been awarded an Approval in Principle (AiP) from DNV for a liquefied CO₂ (LCO₂) carrier. The vessel, developed in Norway by Höegh Evi, Aker BP and Moss Maritime, is designed to transport captured CO₂ for storage in offshore Norway. SourceContinue Reading
