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entura Offshore adds deepwater firepower to managed fleet and wins Petronas rig deal

Brazilian deepwater offshore drilling contractor Ventura Offshore has expanded its managed fleet by adding Eldorado Drilling’s seventh-generation drillship to its rig pool. The firm...

Samsung hits CMA CGM with $186m complaint in US over delivery failures

Samsung Electronics America (SEA) is seeking at least $186 million in reparations from the world’s third largest container line CMA CGM in one of...

Smulders HSM, SPIE and Scaldis help future-proof offshore wind-powered North Sea gas platform

An integrated project team comprising Smulders HSM, a provider of multidisciplinary offshore platform solutions, SPIE, a multi-technical services provider, and offshore installation partner Scaldis,...

BP beats the clock: Mediterranean gas well comes online two years early

UK-headquartered energy giant BP has added around 80 million cubic feet per day (cf/d) of natural gas to domestic supply from its West Nile...

Singapore to host first Passenger Terminal Expo Asia

With Asia a key engine of global aviation growth, airport leaders, government officials and technology specialists will gather in Singapore next month for the...

16 MW floating wind turbine now powering Lufeng oilfield

China National Offshore Oil Corporation (CNOOC) has started operating a 16 MW floating wind platform in the South China Sea, with the unit now...

EIG’s MidOcean Energy lines up new investment as NYK spreads its LNG wings

MidOcean Energy, a liquefied natural gas (LNG) player formed and managed by the U.S.-headquartered investment company EIG Global Energy Partners (EIG), has secured another...

Sterling HoldCo grows profit 20% amid loan loss provisions

Sterling Financial Holdings Company Plc increased its profit after tax by 20.4 per cent to N50.30bn in the first half of 2026, despite a...

New CBN capital rules may trigger N972bn equity scramble

Nigerian banks’ holding companies may be required to raise a combined N971.764bn in fresh equity if the Central Bank of Nigeria implements its proposed...

ProvidusUnity Bank begins operations after merger

Providus Bank and Unity Bank are set to commence operations as a single unified institution following the successful completion of their business combination and...

Lambert launches teen financial empowerment movement

The founder of the Compassionate Capitalism Economic System (CCES), King Charles Lambert, has unveiled the Teenagers Economic Empowerment Movement (TEEM), aimed at equipping African...

Guangzhou Port Group and Maersk forge strategic partnership

Guangzhou Port Group and Maersk have signed a port-shipping Memorandum of Understanding (MoU) is designed to expand in-depth cooperation centering on the Nansha International...

Asian drilling campaign continues with third well after first came online, second set to follow suit

AIM-listed and Singapore-headquartered oil and gas player Jadestone Energy has made inroads in its infill drilling campaign off the coast of Malaysia by putting the...

Public feedback to help minimize impacts of new 2 GW Scotland-Wales interconnector

The UK National Grid has launched a public consultation in North Wales for Western Link 2, a new subsea electricity connection that will link...

SEC stops Dangote Refinery IPO promotions, warns investors

The Securities and Exchange Commission has directed capital market operators to immediately halt all promotional activities relating to a purported initial public offering by...

FG targets oil theft through youth engagement, community development

The Nigerian Upstream Petroleum Regulatory Commission and the Federal Ministry of Defence have agreed to strengthen collaboration on the protection of Nigeria’s oil and...

Third world record for Nexans as it installs 420 kV subsea cable 530 meters under water

France’s Nexans has completed a deep-fjord 420 kV subsea cable project for Norway’s transmission system operator (TSO) Statnett, set to strengthen the regional transmission...

After Prysmian, Siemens Energy confirmed as supplier for UK’s Eastern Green Link 4

Following the preferred bidder status from July 2025, Siemens Energy has now secured a contract for the delivery of two high-voltage direct current (HVDC)...

Salalah container port hit by drone

The Maersk operated terminal in Oman was struck on Saturday damaging a ship to shore crane Operations at the container terminal in Salalah were suspended...

FLNG mooring system slides in place offshore Congo

France’s marine contractor Geocean has released video footage showing the work undertaken to put in place a mooring system for a floating liquefied natural...

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