U.S. oil production is expected to reach new heights in 2025, surpassing earlier projections, according to the U.S. Energy Information Administration鈥檚 (EIA) latest Short-Term Energy Outlook. The EIA now forecasts U.S. crude oil production will average 13鈥
Engineering firm Kystdesign has secured a contract to supply four work class remotely operated vehicles (ROVs) and accompanying equipment as part of its largest ordered booked to date.This significant agreement with an undisclosed client involves the supply of four Work Class ROVs鈥
Next Ocean, a Dutch developer of Vessel Motion Radar systems for offshore wind and oil and gas industries, has secured seed investment from Arches Capital to drive its business expansion.This funding will accelerate Next Ocean鈥檚 growth, enabling the company to scale production鈥
Norwegian seismic firm TGS has secured two 4D streamer contract acquisition projects, one in the North Sea and the other in the Norwegian Sea.The 4D projects are scheduled to be acquired back-to-back and start in June 2025.The total duration of the two surveys is approximately 80 days鈥
Scana-owned Subseatec has signed a frame agreement with an international company within subsea technology to act as its exclusive global supplier of steel parts for subsea production systems.The frame agreement will begin in the first quarter of 2025 and extend for a period of three years鈥
Windward has launched a Critical Maritime Infrastructure Protection solution, an AI-powered solution designed to protect the world鈥檚 essential maritime infrastructure against growing threats.Windward鈥檚 Critical Maritime Infrastructure Protection鈥
Energy technology company Baker Hughes has launched its new all-electric subsea production system, the industry鈥檚 first fully electric topside-to-downhole solution for offshore operations.The modular system allows for existing tree designs to be seamlessly updated for electric operations鈥
Kongsberg Maritime has unveiled a range of innovative methods designed to transform and industrialize the transportation and installation (T&I) of floating offshore wind turbines.The new solutions have been developed to streamline the entire process鈥
Dominion Energy, Inc. (NYSE: D) provided updates on the 2.6 GW Coastal Virginia 云顶赌场老虎机 Wind (CVOW) project. The fully permitted project is now approximately 50% complete and remains on track for on-time completion by the end of 2026. CVOW continues to achieve construction milestones鈥
Norwegian oil and gas company Vår Energi has signed a letter of intent with OneSubsea for the delivery of Subsea Production Systems (SPS) to reduce project development time. The pre-commitment will give Vår Energi the ability to shorten subsea tie-back development time by up to one year鈥
The Welsh Government has taken an $9.9 million equity stake in the Morlais tidal energy scheme to ensure progress of what is set to become the largest tidal energy project in Europe.Owned and managed by Ynys Môn social enterprise Menter Môn鈥
Acteon, through its geo-services brand UTEC, has completed the first year of a three-year balance of plant inspection contract with Siemens Gamesa Renewable Energy (SGRE) for the 228 MW Butendiek offshore wind farm in Germany.During the first year鈥
A Scottish court has invalidated Britain's approvals for two major North Sea oil and gas projects, delivering a significant victory to environmental groups and raising uncertainty over future fossil fuel developments in the UK.The Court of Session鈥
Ocean services provider DeepOcean has secured a subsea survey contract on the Ba艂tyk 2 and 3 offshore wind developments in Poland which are jointly developed by Equinor and Polenergia.Under the contract, DeepOcean will conduct geophysical seabed鈥
Norwegian seismic specialist TGS has secured another offshore wind site characterization contract on the U.K. continental shelf, the second since the beginning of 2025.The contract has a total duration of approximately 30 days and the Ramform鈥
