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TMC to Deliver Equipment for Mexico-Bound FSO

Jan 22, 2026

TMC Compressors has secured a contract by COSCO Shipping Heavy Industry to deliver a complete marine compressed air system to SBM Offshore’s newbuild floating storage and offloading (FSO) unit Chalchi.The FSO Chalchi is bound for deployment at the Trion deepwater oil field…

Harbour Energy Forecasts Lower 2026 Output, Omit LLOG Deal Impact

Jan 22, 2026

Britain's Harbour Energy on Thursday forecast 2026 production of 435,000 to 455,000 barrels of oil equivalent per day (boepd), excluding the impact of planned asset sales and the company's $3.2 billion acquisition of LLOG.The figures are lower than the 474…

Blackstone Considers $5B Sale of Beacon Offshore Energy

Jan 20, 2026

Blackstone is in talks to sell its Beacon Offshore Energy, which operates oil and gas assets in the U.S. Gulf of Mexico for more than $5 billion, Bloomberg News reported on Tuesday, citing people familiar with the matter.The asset manager has…

Galp Focuses on Growing Upstream in Brazil, Namibia

Jan 20, 2026

Portuguese energy firm Galp will focus on growing its upstream business from oilfields in Brazil and Namibia and may list parts of its newly formed downstream business in a couple of years, its co-chief executive Joao Diogo Marques da Silva told Reuters on Tuesday…

James Fisher Backs US Autonomous Vessel Firm Ocean Aero

Jan 20, 2026

James Fisher and Sons has invested in U.S.-based autonomous marine technology company Ocean Aero, taking a strategic minority stake as part of Ocean Aero’s Series D funding round.The investment increases James Fisher’s exposure to autonomous…

Grupo Carso Buys Out Lukoil in Ichalkil, Pokoch Oil Fields

Jan 19, 2026

Mexican conglomerate Grupo Carso, controlled by magnate Carlos Slim, will buy out Lukoil to hold a full stake in the Ichalkil and Pokoch offshore oil fields, the firm said in a filing on Monday.In the deal, Grupo Carso will buy Lukoil subsidiary Fieldwood Mexico for $270 million…

TotalEnergies, Mitsui, Nordsøfonden Get CO2 Storage Permit in North Sea

Jan 15, 2026

The Danish Energy Agency has issued a permit for exploration and potential storage of CO2 in the North Sea off Denmark to consortium comprising TotalEnergies, Mitsui and state-owned Nordsøfonden.The agency awarded the six-year exploration permit…

Global Underwater Hub Addresses Results of Offshore Wind Contracts for Difference Allocation Round 7

Jan 14, 2026

Responding to the UK Government’s announcement on the results of the Contracts for Difference Allocation Round 7, Neil Gordon, chief executive of Global Underwater Hub (GUH), said:“The award of a record 8.4GW of offshore wind capacity through AR7 is a positive step for the UK…

Norway Awards 57 New Oil And Gas Licenses to 19 Companies

Jan 13, 2026

Norway has offered ownership interests in 57 new oil and gas production licenses to 19 companies in its latest annual awards in pre-defined areas (APA) licensing round.Of the 57 licenses, 31 are located in the North Sea, 21 in the Norwegian Sea and five in the Barents Sea…

Trump's Venezuela Oil Push Could Undercut US Producers

Jan 12, 2026

U.S. oil producers already reeling from low oil prices are facing renewed pressures, as President Donald Trump pushes them to boost output in Venezuela - a move that would weaken the oil market, cut revenues and hurt industry at home.Trump has…

Borr Drilling Locks In Mexico Extension, New US Contract for Two Jack-Ups

Jan 06, 2026

Offshore drilling contractor Borr Drilling has secured new contract commitments for two of its premium jack-up rigs, adding firm work in Mexico and the United States.Borr Drilling’s jack-up rig Ran has received a one-well extension from Italy’s Eni in Mexico…

North Sea Oil Supply Edges Lower

Jan 02, 2026

North Sea daily oil output in February will be slightly lower than January's plan, dropping by about 0.5%, according to Reuters calculations based on loading programmes provided by trade sources.Loadings of nine North Sea crude grades will average 1…

OE’s 2025 Top of the Festive Video Pops: Santa Goes Offshore

Dec 31, 2025

The holiday season would not feel complete without festive greetings from offshore industry companies - and once again, they have delivered.While most of us are busy wrapping presents, planning family dinners, and counting down the days to the New Year…

Harbour Energy Takes Operatorship of Zama Field Offshore Mexico

Dec 31, 2025

U.K.-based oil and gas firm Harbour Energy has been appointed operator of the Zama oil project offshore Mexico.The appointment was agreed by the Zama partners, including Pemex, Grupo Carso and Talos Energy who will have the option to appoint key personnel into Harbour's project team…

Subsea7 Gets Gulf of America Transport and Installation Job

Dec 23, 2025

Subsea7 has secured a sizeable contract by LLOG Exploration Offshore for the Buckskin South Expansion project in the Gulf of America.The Buckskin field is located approximately 305 kilometres off the coast of Texas, in the United States.The…

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