MODEC and Eld Energy will co-develop a 120 kW SOFC with integrated CO₂ capture for FPSOs, targeting onshore testing by 2027 and offshore demos from 2028.
The NNPC–Chevron Nigeria Limited joint venture has finished drilling the Awodi-07 well in shallow waters off the western Niger Delta, confirming hydrocarbons in multiple zones and supporting plans to lift JV output.
The African Development Bank has approved a $150 million senior loan for Eni’s Coral Norte FLNG project in Mozambique’s Rovuma basin, part of an offshore LNG development costing over $7 billion and forecast to generate above $20 billion in government revenues.
Gulf Marine Services is acquiring a mid-class liftboat to join its 14-vessel fleet within weeks, supporting a plan to double adjusted EBITDA with 2024 as the base year by 2030 while keeping net leverage below two times.
Noble adds about $1.3 billion backlog from nine rig awards, led by a three-year Noble GreatWhite Norway contract plus work in Nigeria, Guyana, the U.S. Gulf, Trinidad and South America.
Nine North Sea countries will sign a Hamburg declaration to build 100GW of joint offshore wind by 2050, using multi-country interconnectors to bolster energy security and regional power links.
McDermott wins a major ADNOC EPCI award for the Nasr-115 expansion offshore the UAE, part of Nasr Phase II targeting 115,000 bpd by 2027.
Norway’s offshore safety authority Havtil has allowed Aker BP to station Floatel Endurance at the Skarv field in the Norwegian Sea, with additional charters lined up for Yggdrasil in 2026 and FPSO Alvheim in 2029.
Allseas and Boskalis marked the start of Taiwan’s YT2 offshore gas pipeline. Offshore execution is scheduled to commence in 2027 for the 232-kilometre, 36-inch line.
