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Construction continues for French full-scale wave energy demonstrator

Wave-Op, a joint venture between the Legendre Group and Geps Techno dedicated to innovation in coastal and port infrastructure, is progressing the construction of its first full-scale demonstrator for what it describes as a unique wave-powered system, combining coastal protection and renewable electricity generation in Boulogne-sur-Mer, France. The company expects to step up the port infrastructure decarbonization game with this project. The post Construction continues for French full-scale wave energy demonstrator appeared first on Offshore Energy.

EXIM rubber-stamps over $2 billion for US LNG export to Egypt

The Export-Import Bank of the United States (EXIM),  the United States government’s official export credit agency that supports American jobs by facilitating U.S. exports, has given the go-ahead for an export credit insurance authorization of more than $2 billion to send U.S. liquefied natural gas (LNG) exports to Egypt. The post EXIM rubber-stamps over $2 billion for US LNG export to Egypt appeared first on Offshore Energy.

Asian multi-well drilling campaign bumped to May

A drilling campaign, which Jasmine Energy (JEL), a subsidiary of Singapore’s Rex International, is planning to embark on off the coast of Oman, has been moved to the second quarter of 2026. The post Asian multi-well drilling campaign bumped to May appeared first on Offshore Energy.

Venture Offshore scores multimillion-dollar rig extensions with Petrobras

Brazilian deepwater offshore drilling contractor Ventura Offshore has won two contract extensions with the country’s state-owned energy giant Petrobras for a sixth-generation semi-submersible rig and a seventh-generation drillship it manages on behalf of Eldorado Drilling, an offshore drilling player backed by a group of well-known Norwegian investors. The post Venture Offshore scores multimillion-dollar rig extensions with Petrobras appeared first on Offshore Energy.