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12 Dec 25 |
Brazil: Valaris announces multi-year contract award for drillship VALARIS DS-8 Valaris has been awarded a multi-year contract with Shell offshore Brazil for drillship VALARIS DS-8. The contract is expected to commence in the first quarter of 2027, with an estimated duration of approx. 800 days and a total contract value of approx. $300 million. |
11 Dec 25 |
Norwegian companies take a more dominant role A new report from the Norwegian Offshore Directorate shows that, in 2024, there were 24 oil and gas companies on the Norwegian continental shelf (NCS). This is the lowest number since activity started up on the shelf. At the same time, developments in exploration activity reveal a clear shift from global to Norwegian players. |
11 Dec 25 |
US: Wood wins 10-year maintenance contract for Rio Grande LNG facility Wood has secured a significant ten-year contract with NextDecade to deliver maintenance solutions at Rio Grande LNG, a major natural gas liquefaction and export facility under development near Brownsville, Texas. |
11 Dec 25 |
Namibia: Northern Ocean announces contract award for Deepsea Mira Northern Ocean has announced the signing of a contract with a subsidiary of Shell for the Deepsea Mira, commencing operations in Namibia in April 2026. |
11 Dec 25 |
UK: Major boost for UK clean energy supply chains The £1 billion Energy Engineered in the UK (EEUK) programme will mobilise public and private investment to unlock critical supply chains and create thousands of skilled jobs. As part of this programme, GBE is opening its £300 million GBE Supply Chain Fund. |
11 Dec 25 |
Seatrium secures repeat jack-up rig contract from International Maritime Industries for Kingdom 4 Seatrium Offshore Technology, the flagship offshore jack-up designer for Seatrium Group, has been awarded a repeat contract by 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 4. |
11 Dec 25 |
UK: United Infrastructure acquires Wood’s UK Transmission and Distribution Business United Infrastructure has entered into a definitive agreement to acquire the UK Transmission and Distribution engineering business ('UK T&D') of John Wood Group. |
10 Dec 25 |
US: Northern Oil and Gas announces $1.2 billion joint acquisition with Infinity Natural Resources Northern Oil and Gas (NOG) has entered into a definitive agreement to acquire a 49% stake in Ohio Utica Shale Assets in partnership with Infinity for a purchase price, net to NOG, of $588.0 million in cash, subject to customary closing adjustments. |
10 Dec 25 |
Iraq: Gulf Keystone Petroleum announces operational and corporate update Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq, has provided an operational and corporate update. Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq, has provided an operational and corporate update. |
10 Dec 25 |
ExxonMobil raises its 2030 Plan – transformation delivering higher earnings, stronger cash flow, and greater returns ExxonMobil has updated its Corporate Plan through 2030. The Plan’s increased earnings and cash flow outlook reflects stronger contributions from advantaged assets, a more profitable business mix, and lower operating costs; all driven by the company’s unique set of durable competitive advantages and its successful multi-year transformation. |
09 Dec 25 |
Solstad Maritime announces multiple contract awards in Brazil and the North Sea Solstad Maritime has announced multiple new contracts for several construction support vessels: Normand Navigator, Normand Cutter, and Normand Jarstein. |
