TotalEnergies and Türkiye Petrolleri Anonim Ortaklığı (TPAO) have signed a memorandum of understanding to cooperate on oil and gas exploration.The agreement establishes a framework for technical collaboration, including joint assessment of exploration…
The International Energy Agency sharply cut its forecasts for global oil supply and demand growth, saying both are now expected to fall from 2025 levels as war in the Middle East disrupts oil flows and weighs on the global economy.The IEA now sees global oil demand falling by 80…
Chevron has agreed to an asset swap with Petroleos de Venezuela and its subsidiaries to consolidate its position in Venezuela’s heavy oil sector.Under the agreement, Chevron will receive an additional 13.21% working interest in the Petroindependencia joint venture…
BP said on Tuesday it expects its huge oil trading desk to post 'exceptional' results for the first quarter, signalling a windfall from the spike in oil prices LCOc1 triggered by the U.S.-Israeli war against Iran.The company also said in a quarterly…
The Philippines' Secretary of Energy Sharon Garin on Tuesday said the country has asked the United States to extend a waiver to purchase Russian oil and petroleum products.Garin said the government is optimistic about extending the waiver which expired on April 11…
Two of Norway’s offshore companies, GoSubsea and Envirent, have announced a strategic partnership that combines technical expertise with expanded service offerings.In 2025, both companies were recognized with the prestigious Gaselle Award, highlighting…
CoreMarine & Jumbo Offshore have announced the award of a significant contract to perform the transport and installation of the soft-yoke (SSY) mooring systems, and hook-up of both the Hilli Episeyo FLNG and MKII FLNG vessels, in Argentina’s Golfo San Matías…
The Spanish shipyard C.N.P. FREIRE, S.A. (Freire Shipyard) held the launch ceremony of the diving support vessel, hull number 739, built for the Armada Logistics Support Command: A22 Proserpina in Vigo. Delivery is scheduled for later this year…
NYK has jointly implemented a crew transfer vessel (CTV) newbuilding project that applies 3D technology as a core platform throughout the design and construction process.This project is being carried out in collaboration with Kosaba Shipbuilding Co…
TotalEnergies has signed a preliminary agreement with Turkish state-owned energy company TPAO to explore the country's Black Sea waters for hydrocarbons, the French oil major said on Monday, nearly three years after pulling out of a gas exploration project in the sea's Bulgarian waters…
Vineyard Wind has filed a lawsuit seeking to block a wind turbine-supplying unit of GE Vernova from terminating agreements and abandoning work on a $4.5 billion offshore wind farm in Massachusetts on the eve of completion.Vineyard Wind, a joint venture between Spain's Iberdrola IBE…
Offshore drilling contractor Borr Drilling has informed that several of its rigs in the Middle East are returning to operations following recent disruptions, as the company secures a new contract in Southeast Asia.The company said the Arabia…
Energean has restarted production from its Energean Power floating production, storage and offloading (FPSO) unit offshore Israel, which returned to normal levels within 48 hours following regulatory approval.The company said it received notice…
China urged calm and restraint by all sides on Monday, following U.S. President Donald Trump's threat to blockade the Strait of Hormuz after the failure of weekend talks in Islamabad aimed at ending the Iran war.Before the war, most Iranian oil exports were shipped to China…
Norwegian offshore vessel owner Solstad Maritime has secured a two-year extension of the current contract for the subsea construction vessel (CSV) Normand Fortress with Petrobras.The extension will start in early July 2026. Under the extended contract…