Saipem and Subsea7 have signed a binding merger agreement to create a global powerhouse in energy services. The resulting entity, to be named Saipem7, will combine the two companies’ complementary...

Shares of TechnipFMC PLC, one of the world’s biggest makers of offshore oil gear, surged to the highest in a decade on signs of a robust outlook that underscores the industry’s optimism over production at sea.

Equinor has reported a significant impairment of $763 million related to its Empire Wind 1 offshore wind project and South Brooklyn Marine Terminal development in its second quarter 2025 financial...

The leader of one of the most aggressive seabed mining startups spent years invoking global warming to spark interest in extracting avocado-sized rocks rich in electric-vehicle battery metals from the bottom of the ocean.

Bibby Marine has marked a significant milestone with the keel laying ceremony for its first e-CSOV (commissioning service operation vessel) at Armon Shipyard in Vigo, Spain. The hybrid vessel, the...

By Arunima Kumar July 18 (Reuters) – Exxon Mobil XOM.N has lost its arbitration challenge to block Chevron’s CVX.N $55 billion Hess HES.N acquisition deal, but the top U.S. oil producer managed to delay the tie-up by over a year,...

Offshore wind installation specialist Cadeler has taken delivery of its newest jack-up vessel, Wind Keeper, ahead of schedule and simultaneously secured a substantial long-term contract with wind turbine manufacturer Vestas....

The New York State Public Service Commission has terminated its offshore wind transmission planning process due to stalled federal permitting, to protect state ratepayers from premature infrastructure costs, it said on Thursday.

Danish energy company Ørsted has successfully secured financial close on a TWD 90 billion (approximately USD 3 billion) project finance package for its 632 MW Greater Changhua 2 offshore wind...

(Bloomberg) — China has rebuilt a substantial pipeline of offshore wind projects as the sector recovers from a slowdown that followed the end of national subsidies in 2021, according to...

President Donald J. Trump signed an Executive Order on Monday aimed at eliminating subsidies for wind and solar energy in furtherance of the recently enacted One Big Beautiful Bill Act...

PARAMARIBO, July 5 (Reuters) – Petronas will begin drilling on Sunday, the first of three wells in an exploration campaign aimed at finding additional oil reserves at its offshore Block 52 in Suriname, state company Staatsolie...