Repsol is assessing options for its upstream unit ahead of a planned 2026 liquidity event, including a possible reverse merger with APA and other US-listed partners, following preliminary discussions reported by Bloomberg.
Prosafe reports that Ithaca Energy has exercised an additional seven-week option for the Safe Caledonia, extending accommodation support at the Captain field into early February 2026. The extension follows a recent two-week option and carries an estimated value of USD 6.4 million.
Ocean Installer has secured a NOK 1–2 billion contract from Vår Energi for the Balder Next development, covering project management, engineering, and flexible product supply, with offshore work scheduled for 2027–2028.
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.
Boskalis, in partnership with Allseas, carried out dredging and diving operations in the North Sea to prepare a depleted gas field for conversion into an offshore CO₂ storage facility under the Porthos project.
Heerema Marine Contractors has been awarded a bp contract for the engineering, preparation, and removal of the Andrew platform’s topside and jacket in the UK North Sea, marking the next phase of the platform’s decommissioning.
Equinor has extended Northern Ocean’s Deepsea Bollsta contract by five months for continued drilling on Norway’s Johan Sverdrup field.
The Netherlands faces a setback in offshore wind expansion as no bids were submitted for the Nederwiek I-A site in the North Sea.
Prosafe confirmed that Ithaca Energy exercised a two-week option for the Safe Caledonia at the Captain field, keeping the TAMS semi-submersible ASV in service until mid-December 2025.
