An analysis of SBM Offshore's financial health reveals a Return on Equity significantly below the industry average, raising questions about capital efficiency and its high-debt strategy in a competitive energy services market.
ExxonMobil Guyana has completed the purchase of the FPSO ONE GUYANA from SBM Offshore in a $2.32 billion deal, solidifying its stake in the prolific Stabroek block. SBM will continue to operate and maintain the vessel until 2035 under an integrated model.
CAPE Holland secures a pivotal equipment contract from CDWE for Taiwan's Fengmiao Offshore Wind Farm, deploying its specialized vibro lifting technology to install massive foundations in challenging deep-water conditions.
A bullish thesis on Transocean Ltd. gains traction, centered on potential long-term contract awards with day rates exceeding market expectations. Management's optimistic guidance for 2025-2027 suggests a pivotal shift in the offshore drilling cycle, with implications for the entire sector.
In a landmark move to revive its crippled energy sector, Syria has signed a preliminary agreement with U.S.-based Chevron and Qatar's Power International Holding to develop its first offshore oil and gas field, marking a significant step toward economic recovery and renewed foreign investment.
Fugro has mobilized a significant fleet to conduct a comprehensive geotechnical survey for TotalEnergies' 2GW NordSee Energies 1 project, a key development in Germany's offshore wind expansion and Europe's push for energy security.
Norway's state-backed energy giant Equinor has completed the sale of its Vaca Muerta shale assets in Argentina to Vista Energy, netting approximately $1.1 billion. The deal marks a strategic retreat from onshore operations in the country, allowing the company to concentrate its regional efforts on its remaining offshore holdings and align its global portfolio with core offshore and energy transition projects.
Amazon has secured a significant 110MW power purchase agreement (PPA) with energy giant RWE, drawing electricity from the Nordseecluster offshore wind project in the North Sea. The deal marks a strategic step for both companies, advancing Amazon's clean energy goals and bolstering Germany's renewable grid.
Tech giant Amazon has secured a significant 110MW power purchase agreement (PPA) with energy leader RWE, drawing electricity from the Nordseecluster offshore wind project in the North Sea. The deal marks a strategic step for both companies' climate goals and Germany's energy transition.
Severe weather conditions in the North Sea have forced major energy firms Ithaca Energy and TotalEnergies to evacuate non-essential personnel from several offshore installations, citing critical supply chain disruptions and safety concerns.
Amid a resurgent offshore energy sector, Bristow Group Inc., the global leader in helicopter services, presents a compelling investment case. Trading at a significant discount to peers and backed by long-term contracts, the company's financial resilience and market dominance are often overlooked by the market.
As Europe's industrial decarbonization push intensifies, major offshore carbon capture and storage (CCS) projects are moving from blueprint to reality. From the North Sea to the Mediterranean, new infrastructure is taking shape, setting the stage for critical discussions at the upcoming DECARBON 2026 congress in Austria.
Danish energy giant Ørsted has agreed to sell its entire European onshore renewables business to Copenhagen Infrastructure Partners for $1.7 billion, marking a decisive pivot to concentrate its resources on large-scale offshore wind development across core European markets.
Shares of Sable Offshore Corp. (SOC) tumbled this week after California's top prosecutor moved to block a federal regulatory takeover of key pipelines, dealing a blow to the company's efforts to restart production at a major offshore site shut down since 2015.
Akrake Petroleum, a subsidiary of Rex International Holding, has successfully completed drilling the horizontal AK-2H production well offshore Benin. Initial data indicates reservoir quality met expectations with high porosity and oil saturation, marking a positive step for the Sèmè Field development.
QatarEnergy awards McDermott a pivotal contract to plan the removal of 27 aging offshore platforms, marking the nation's first major step in responsibly retiring legacy oil and gas infrastructure.
The price tag for Dominion Energy's flagship Coastal Virginia Offshore Wind (CVOW) project has climbed by $300 million, reaching an estimated $11.5 billion. The utility cites new tariffs and a federal stop-work order as primary drivers for the latest cost overrun, even as construction resumes and the first power generation is imminent.
Envision Energy will supply its high-capacity EN-226 turbines for a 128MW nearshore wind cluster in Vietnam, marking a significant step in the country's Power Development Plan VIII and setting a potential benchmark for regional offshore development.
Despite a challenging price environment, Murphy Oil (MUR) reported strong operational execution for 2025 and laid out a capital plan focused on funding key international and offshore projects. While near-term production is set to dip, CEO Eric Hambly highlighted a transformative discovery in Vietnam and strategic portfolio expansion as pillars for future growth.
The U.S. energy giant has signed a preliminary agreement to assess oil and gas potential off Syria's coast, venturing into a region marked by major discoveries and ongoing conflict.
