Financial institutions and investors have urged the European Union to maintain its opposition to new Arctic oil and gas drilling, as the bloc weighs revising its stance to prioritise energy security.The call highlights investor unease that the energy crisis triggered by the U.S.-Israeli war with Iran could be used to justify rolling back climate commitments, as governments focus on securing supplies…
CRP Subsea, an AIS company, has recently secured a substantial contract from Seaway7 involving supplying cable protection systems for ScottishPower Renewables East Anglia TWO wind project, located in the North Sea.Under this agreement, CRP Subsea…
Western Australian premier Roger Cook said on Wednesday he had been 'assured' by federal Resources Minister Madeleine King that a new government policy of reserving 20% of gas output for domestic use would not harm his state's large LNG industry…
TGS has been awarded a large and high-end 4D streamer contract offshore Angola. The program is scheduled to commence acquisition in early July 2026, and the contract has a duration of approximately eight months.Kristian Johansen, CEO of TGS…
Mexican billionaire Carlos Slim said on Tuesday that a deepwater natural gas project his company Grupo Carso agreed to develop alongside state-run oil company Pemex is 'irrational,' raising questions about the future of the project.The Lakach…
Occidental Petroleum is acquiring a 10% stake in Exxon Mobil’s deepwater exploration block offshore Trinidad and Tobago, according to two people familiar with the matter.Exxon was previously the sole owner of the large offshore block, known as UD(1)…
Strategic Marine and Mainprize Offshore have signed a Protocol of Delivery and Acceptance (PODA) for the MO15 and MO16 crew transfer vessels (CTVs), extending a multi-vessel offshore renewables vessel program announced in 2024.The agreement follows the earlier delivery of the MO10…
ABL has been hired to support Esso Australia Resources as preparations advance for what the company described as Australia’s largest offshore decommissioning campaign in the Bass Strait.The Gippsland Decommissioning Campaign #1 Project is expected…
Norwegian subsea services firm Reach Subsea has signed a memorandum of agreement with Beacon Offshore to establish a strategic partnership targeting subsea projects offshore Australia.Under the agreement, the companies will collaborate exclusively on marketing…
Dajin Heavy Industry, via its subsidiary Tangshan Dajin Offshore Engineering, has signed a contract with a Dutch shipowner Jumbo Maritime to build two next-generation multi-purpose heavy-lift vessels.The contract is valued at approximately $156 million and covers the design…
Karoon Energy has restarted production from the Baúna project offshore Brazil following a planned 28-day shutdown tied to maintenance and revitalization work on the floating production, storage and offloading (FPSO) unit.The company said production has ramped up to approximately 11…
Well-Safe Solutions has secured its first contract to provide full well operatorship and asset execution services for an unnamed client in the UK North Sea.The contract expands the company’s service offering into integrated well lifecycle services…
Petronas has confirmed that an incident occurred during lifeboat maintenance work at the Sepat floating, storage and offloading (FSO) unit offshore Malaysia, resulting in three fatalities and one injury.The incident occurred at approximately 12:50 p…
QatarEnergy has notified one of its biggest European customers that it will cancel five additional LNG cargoes, extending force majeure from early July until mid-August, Italian utility Edison said on Monday.Edison holds a long-term contract with QatarEnergy for the supply of 6…
A union group said on Tuesday it had pulled strike action at Inpex's Ichthys liquefied natural gas facility in Darwin planned for Wednesday and Thursday due to progress made in bargaining. The Offshore Alliance, made up of the Australian Workers Union and Maritime Union of Australia…
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