Oil prices rose nearly 1% on Tuesday as talks to end the U.S.-Israeli war on Iran appeared fragile, with Tehran's response to a Washington proposal highlighting stark differences that have kept supply concerns alive.Brent crude futures were up 86 cents…
The U.S. Coast Guard and partners responded to a fire onboard a non-operational natural gas platform offshore Santa Barbara, California, on Monday.At 6:30 a.m. a fire occurred aboard platform Habitat when platform personnel were conducting decommissioning operations for the platform…
Syria has identified an offshore site for its first deep-water oil and gas exploration project with U.S. major Chevron and Qatar’s UCC Holding, the Syrian Petroleum Company said on Monday.The move is part of a broader push by Syria’s new government…
Norway's petroleum safety regulator said on Monday it has given Equinor permission to start gas production from the latest development at the company's offshore Troll field, the North Sea's largest source of natural gas.The Troll Phase 3 stage…
The Energy Workforce & Technology Council released its April 2026 jobs report, showing continued modest job growth in the energy services sector as companies cautiously respond to improving market conditions.Energy services employment totaled 627…
Ørsted and Polska Grupa Energetyczna (PGE) have started offshore installation work on the 1.5 GW Baltica 2 offshore wind farm in the Baltic Sea, with the first monopile foundations now installed off the Polish coast.The companies said the project…
ADNOC Drilling has reported its strongest-ever first-quarter performance, supported by high fleet utilization, growth in integrated drilling services and long-term contract coverage across its operations.The UAE-based drilling contractor posted first-quarter revenue of $1…
Vicinay Marine and Spanish applied research center Tecnalia have jointly developed a sensor designed to remotely monitor corrosion on offshore mooring lines, aiming to improve the safety, reliability and service life of offshore systems.The…
Fugro has been awarded a major geotechnical survey contract by SSE for the Berwick Bank B offshore wind development in the North Sea off Scotland.Berwick Bank B forms part of the wider 4.1 GW Berwick Bank offshore wind project, which is being…
New Wave Offshore Energy has been selected by Shell to provide marine warranty survey services for the Orca project in Brazil’s pre-salt Santos Basin.The contract covers marine warranty and assurance services for the offshore development, which…
Energy data and intelligence firm TGS has secured an ultra-high resolution OBN contract in the Gulf of America.A deep-water crew is scheduled to mobilize early June 2026, according to the company.'We are very pleased to secure this ultra-high resolution OBN contract…
Seadrill has secured more than $860 million in new contract backlog since February fleet status report, driven by offshore drilling awards and extensions in Brazil, the U.S. Gulf and Angola, lifting its total contract backlog to about $3.1 billion…
Oil prices rallied on Monday, a day after President Donald Trump said Iran's response to a U.S. proposal was 'unacceptable,' raising supply fears as the Strait of Hormuz stayed largely closed, which kept the global market tight.Brent crude futures LCOc1 climbed $4…
Woodside Energy's long-delayed Browse liquefied natural gas project is now expected to cost A$48.7 billion ($35.2 billion), according to a new report commissioned by the company.The proposal to develop Australia's largest untapped gas resource…
Oil majors are bracing for prolonged turbulence in energy markets, which should curb any temptation to ramp up spending after the Iran war. The biggest fear now is not missing the next rally, but being on the wrong side of the inevitable retreat…
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