South Korea’s 390MW Sinan-Ui offshore wind project is under scrutiny over a projected 29.6% capacity factor and public support that could reach 7.9 trillion won.
Saipem has signed an approximately €500 million LNTP with Sonatrach for Phase 1 of Algeria’s Projet Phosphates Intégré, covering early engineering, procurement and mobilisation work.
The third Gulf of America oil and gas lease sale generated $82.7 million in high bids, with 16 companies submitting 69 bids for 59 offshore blocks.
TechnipFMC has secured an Azule Energy contract for the West Hub Tails project, covering flexible flowlines, risers and associated equipment linked to the Agogo FPSO.
The Who Dat East Joint Venture has sanctioned the Gulf of America development, with Karoon USA holding a 40% working interest and first production targeted for the second half of 2028.
Sable Offshore reported $137.1 million in Q2 2026 revenue as Santa Ynez Unit production increased, while the company prepared to restart Platform Hondo in September.
Azerbaijan has designated a 711.4-square-kilometre area of the Caspian Sea for offshore wind farms and assigned producer selection to the Ministry of Energy.
EnBW has installed all 64 Vestas turbines at the 960 MW He Dreiht offshore wind farm in Germany, with further commissioning planned before full operation in late summer.
Borr Drilling has added eight jack-up contract commitments representing more than 2,100 days of firm work and approximately $267 million in Dayrate Equivalent Backlog.
