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MOL Joins Delfin FLNG Development in US with Planned Investment of $300M

Jun 04, 2026

Mitsui O.S.K. Lines (MOL) has reached a final investment decision to participate in the Delfin FLNG 1 project, an offshore floating liquefied natural gas (FLNG) development off the coast of Louisiana that is expected to become the first FLNG facility in the United States…

Kuwait Sees 70% Oil Output Recovery within Two Months of Hormuz Reopening

Jun 04, 2026

Kuwait could restore nearly 70% of its oil production within six to eight weeks after the Strait of Hormuz reopens, Kuwait Petroleum Corporation's managing director for international marketing, Shaikh Khaled Ahmad Al-Sabah, said on Wednesday…

MODEC, Eld Energy Partner on CCS-Integrated FPSO Fuel Cell Power System

Jun 04, 2026

MODEC and Norway-based Eld Energy have signed a memorandum of understanding to develop a 1.2 MW power system integrated with carbon capture for future floating production, storage and offloading (FPSO) vessels.Under the agreement, Eld Energy will lead the design…

TotalEnergies Nears Development Decision on Absheron Phase Two

Jun 04, 2026

TotalEnergies expects to move ahead with the second development phase of Azerbaijan's Absheron gas-condensate field by end-2026, Emmanuel de Guillebon, managing director of TotalEnergies Azerbaijan, said.The project is currently at the tendering stage…

Saipem Completes Key Module Lift for Libya’s Offshore Gas Project

Jun 03, 2026

Saipem has completed the lifting and installation of a gas recovery module for the Bouri Gas Utilization Project (BGUP) offshore Libya using its heavy-lift vessel Saipem 7000.The module, fabricated by Rosetti Marino at its Marina di Ravenna yard on behalf of Saipem…

Inch Cape Completes Offshore Wind Monopile Installation Campaign

Jun 03, 2026

Installation of all 54 monopile foundations for the Inch Cape offshore wind farm has been completed, marking a key milestone in the construction of the 1.08 GW project off Scotland's east coast.The monopiles were installed by Jan De Nul's heavy-lift vessel Les Alizés…

Norway Faces Initial Production Loss if Offshore Workers Go on Strike

Jun 03, 2026

Norway's oil and gas output could initially fallby about 45,500 barrels of oil equivalent per day from Friday onwards if workers choose to go on strike, industry group Offshore Norway told Reuters on Wednesday.Nearly 8% of Norwegian offshore…

Northern Lights Expands LCO2 Fleet with Vessel Charter for MISC, K Line

Jun 03, 2026

Northern Lights JV has awarded a consortium comprising Kawasaki Kisen Kaisha (“K' LINE) and Malaysia's MISC Berhad a time charter contract for a newly built 12,000 cubic meter liquefied CO2 (LCO2) carrier, supporting the expansion of Europe's carbon capture and storage (CCS) infrastructure…

Subsea7 Secures US Gulf Subsea Contract From Murphy

Jun 03, 2026

Subsea7 has secured a ‘sizeable’ contract by Murphy Exploration & Production Company for the String Music development in the U.S. Gulf.The project includes the engineering, procurement, construction, and offshore installation of a production…

Capricorn Energy Grants Third Extension for Potential Takeover Offer

Jun 03, 2026

Capricorn Energy said on Wednesday the deadline for Cafani Group-linked investment vehicle Alamadiyaf al‑Masiyyah to make a formal takeover offer for the London-listed oil producer has been extended for a third time to July 1.Alamadiyaf al‑Masiyyah…

Ichthys LNG Strike Causes Delay to Taiwan-Bound Cargo

Jun 03, 2026

Loading of a Taiwan-bound LNG tanker at the Inpex-operated 1605.T Ichthys plant in Australia has been delayed after a limited strike by workers disrupted operations at the terminal, according to the union and shipping data.The delay highlights…

Indonesia Targets Higher Oil and Gas Output in 2027

Jun 03, 2026

Indonesia's upstream oil and gas regulator SKK Migas told a parliamentary hearing on Wednesday that it will aim to lift 612,500 barrels of oil per day (bpd) and 5,469 million standard cubic feet per day (mmscfd) of gas next year.Indonesia's…

Energean’s Angola Deal with Chevron Faces Pre-Emption Challenge

Jun 03, 2026

Energean has announced that of the joint venture partners in Angola's Blocks 14 and 14K, Etu Energias, has notified seller Chevron that it intends to exercise pre-emption rights over the proposed sale of Chevron's interests in the offshore assets…

Dolphin Drilling Signs Multi-Year Contract for Borgland Dolphin

Jun 02, 2026

Dolphin Drilling has announced the contract fixture of its semi-submersible drilling rig Borgland Dolphin with an undisclosed operator in the UK, which represents approximately $239 million in firm contract backlog.The contract is scheduled to commence in the second half of 2027…

Seven US States Sue Fed. Government, TotalEnergies After Cancelling Offshore Wind Lease

Jun 02, 2026

Seven U.S. states led by New York sued the Trump administration on Tuesday for cancelling a major offshore wind lease off the coast of New York in exchange for a pledge by its owner to invest instead in fossil fuel projects.The lawsuit in the Washington…

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