Business Briefs

Courtesy BW Ideol
floating Eolmed turbines
After years of successful demonstration projects, floating offshore wind must now prove it can be manufactured and financed at commercial scale, says BW Ideol CFO Guillaume Faure...
Aug. 28, 2026
Courtesy Aker BP
Alvheim FPSO
Aker BP has agreed to acquire operatorship of the Losgann/Froskelår and Slagugle discoveries, positioning the company to pursue tieback-led developments leveraging existing infrastructu...
Aug. 20, 2026
Image generated by Microsoft Copilot
AI-generated offshore Namibia exploration drilling activity
Equinor will acquire a 17.4% interest in Chevron-operated PEL 90 offshore Namibia, gaining exposure to a planned Orange Basin exploration well.
Aug. 19, 2026
Courtesy bp
Emerson to automate Shah Deniz compression project
The integrated control and safety systems will support remote operations on normally unattended offshore platform.
Aug. 13, 2026
Courtesy Atlantic LNG
Atlantic LNG's liquefaction facility in Point Fortin on the Trinidad coast
bp will assume full ownership and operatorship of the 3.5-Tcf Calypso gas project offshore Trinidad and Tobago through its acquisition of Woodside's 70% stake in the deepwater...
Aug. 7, 2026
Makhnach_M/470016670/iStock/Getty Images Plus
How mergers are reshaping the offshore drilling market
Consolidation is enabling contractors to focus on high-spec assets and capital discipline.
Aug. 7, 2026
Courtesy bp
Clair Ridge offshore production
bp has begun marketing its UK North Sea business, including interests west of Shetland and in the ETAP area, as it redirects capital toward higher-growth opportunities elsewhere...
July 31, 2026
ID 24906005 © Vichaya Kiatyingangsulee | Dreamstime.com
New CEO named at Viridien
Viridien has promoted COO Henning Berg to CEO, with former CEO Sophie Zurquiyah becoming chair.
June 4, 2026
ID 400305233 © Olga Kostrova | Dreamstime.com
three offshore workers
The offshore energy sector faces workforce challenges including reduced mobility post-pandemic, an aging workforce with tribal knowledge at risk, and the impact of AI reshaping...
April 1, 2026
ID 51218569 © Rawpixelimages | Dreamstime.com
New CEOs across the offshore energy sector
CEO appointments at Woodside, CNOOC, Rex International, Seadrill, Subsea7 and JDR highlight succession momentum in offshore energy sector.
March 24, 2026
ID 81020440 | 3d © Kittipong Jirasukhanont | Dreamstime.com
Seadrill names new CEO
Samir Ali, Seadrill's former EVP and CCO, has been promoted to president and CEO, succeeding Simon Johnson.
March 13, 2026
ID 420646900 © Nadzeya Haroshka | Dreamstime.com
CEO succession conceptualization
Subsea7 revealed that CEO John Evans will retire on June 30, 2026, after a 40-year career with the company.
March 4, 2026
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New appointments and promotions
This compilation highlights the offshore energy industry's latest C-suite, executive management and board of director appointments as well as recent M&A deals and joint ventures...
Feb. 2, 2026
Image generated by Microsoft Copilot AI
conceptual rendering of a CCS hub
The companies plan to combine engineering, AI and digital monitoring capabilities to help CCS and carbon removal projects move more quickly from feasibility studies to final investment...
Aug. 24, 2026
Courtesy Jan Arne Wold and Øyvind Gravås / © Equinor
Equinor's offshore operations
Emerson will support Equinor's offshore and onshore operations with instrumentation technologies and associated services.
Aug. 24, 2026
Courtesy MacGregor
vessel-to-vessel operation
DNV certification of MacGregor's Horizon gangway enables personnel transfers between independently moving offshore vessels, expanding walk-to-work capabilities for FPSOs, drilling...
Aug. 24, 2026
Courtesy Saipem
Saipem's exhibit at ONS 2026
The drones can remain subsea for up to 12 months using docking and recharging stations.
Aug. 24, 2026
Courtesy ONS 2026
ONS 2026 Innovation Awards finalists named
Ten companies and projects have advanced to the finals of the ONS Innovation Awards 2026, showcasing technologies ranging from subsea gas compression and remote operations to ...
Aug. 21, 2026
ID 48308987 © Narmada Gharat | Dreamstime.com
Offshore FPSO
The offshore sector is exploring repeatable floating production designs that can improve schedule certainty, capex predictability and project delivery confidence.
Aug. 20, 2026