POSCO INTERNATIONAL and Equinor signed an MOU to expand collaboration in offshore wind, steel, and LNG, advancing their joint energy transition efforts.
Altera Infrastructure announced with sadness that CEO Ingvild Sæther passed away on 27 October, following more than three decades of service in the maritime and offshore sector.
Arabian Drilling received notice to resume two offshore rigs at market day rates, with operations starting in Q1 2026 and offshore utilization reaching 100% in Q2.
Valaris will warm-stack its MS-1 and DPS-1 semi-subs in Malaysia after completing contracts in Australia by end-2025.
Equinor has extended Northern Ocean’s Deepsea Bollsta contract by five months for continued drilling on Norway’s Johan Sverdrup field.
Dominion Energy confirmed commissioning delays on its $715M WTIV Charybdis but said the Coastal Virginia Offshore Wind project remains on schedule.
Reuters reported that Exxon Mobil is looking to lift force majeure on its $30 billion Mozambique LNG project as security improves.
TotalEnergies CEO Patrick Pouyanné confirmed the Mozambique LNG project remains budgeted at $20.5 billion as work transitions toward construction.
Fugro’s Q3 2025 EBITDA dropped 23% to €108.6 million as offshore wind weakness and oil & gas delays pressured results.
