Standard Chartered and J.P. Morgan released oil price forecasts showing mixed market signals, with Brent crude expected to average $68.50 and $66 per barrel in 2025.
M.A.R.S. Europe A/S and Porto Central have signed a new MoU to advance plans for a shipyard in Espírito Santo, Brazil, dedicated to dismantling and recycling offshore oil platforms and vessels.
The U.S. Interior Department opened 80 million acres in the Gulf of America for oil and gas leasing and proposed a 1 million-acre sale in Alaska’s Cook Inlet under the One Big Beautiful Bill Act, setting a 12.5% royalty rate.
Aker Solutions secured a NOK 1.5–2.5 billion, five-year brownfield maintenance and modification contract extension from ExxonMobil Canada for the Hebron offshore platform, to be booked in Q4 2025 under its Life Cycle segment.
GEODIS has joined the EU co-funded I3FLOAT consortium to provide logistics and transport expertise for the development of Europe’s floating offshore wind sector across four regional innovation hubs.
Eni has approved the Coral North floating LNG project off Mozambique, mirroring Coral South to double the nation’s LNG output beyond 7 million tonnes and reinforce Africa’s growing role in global energy supply.
Dutch fabricator Sif warns of a slowdown in offshore wind tendering as postponed and cancelled projects across Europe and the UK heighten supply chain uncertainty, despite steady production results.
Dogger Bank Wind Farm will add £6.1 billion to the UK economy and support thousands of jobs through its 3.6 GW offshore project in the North Sea, according to a BVG Associates report commissioned by SSE, Equinor and Vårgrønn.
RWE has completed installing all 44 monopile foundations for the 660 MW Nordseecluster A offshore wind farm in the German North Sea, a major construction milestone in the 1.6 GW Nordseecluster project jointly developed with Norges Bank Investment Management.
