DEME has secured a contract worth between $56 million and $168 million for the transportation and installation of 69 wind turbines at the Zeevonk offshore wind farm in the Dutch North Sea, expanding its role in the approximately 1 GW project…
BW Energy has confirmed commercial oil volumes in two appraisal wells at the Dussafu field offshore Gabon, identifying approximately 8 million to 9 million barrels of gross recoverable oil and paving the way for two additional production wells…
Oil markets initially treated the Iran war as a brief bullish disruption in a long-term bearish trend. But traders are now betting that oil prices will remain elevated through 2028, forcing a rethink of the global inflation outlook.Eight months into the war…
TotalEnergies expects its refining margins to have nearly quadrupled in the third quarter compared to last year, as the Iran war continues to lift energy prices and boost profits for oil majors, the French company said in a trading update on Thursday…
US oil major Chevron is on track to deliver the first gas from its offshore Aseng gas project in Equatorial Guinea in 2028, a senior company executive said on Wednesday.Equatorial Guinea is aiming to bolster its dwindling gas production, which threatened its LNG exports…
Guardian Decommissioning and Wild Well Control have signed an agreement for the decommissioning of the Bullwinkle offshore platform in Green Canyon Block 65 in the U.S. Gulf, with well abandonment activities scheduled to begin in the fourth quarter of 2026…
Sunda Energy has advanced to the exclusive phase of its application for an offshore petroleum exploration permit covering the Awakino gas condensate discovery in New Zealand's Taranaki Basin, following the conclusion of a three-month competitive bidding period…
Norwegian offshore vessel owner DOF Group has secured a contract extension for its construction support vessel (CSV) Skandi Nomad.The 12-month extension will keep the vessel on firm contract until November 2027.The extension follows the exercise of an existing contract option…
Petrobras has signed cost and volume balancing agreements with Shell, TotalEnergies and Petrogal covering the Berbigão and Sururu shared reservoirs in Brazil's offshore Santos Basin, under which it will receive a net payment of approximately $859 million…
Fugro has secured a $169 million (€150 million) unsecured financing facility from the European Investment Bank (EIB) to support the development and deployment of its uncrewed surface vessel (USV) technology and expansion of remote maritime operations…
Aventa has acquired Irish Sea Contractors (ISC), an Ireland-based marine contractor specializing in subsea cable projects, commercial diving and marine civil engineering, as part of its strategy to expand offshore operations and installation capabilities…
BW Energy has secured $208 million in long-term lease financing for the Akoum wellhead platform (WHP) planned for its Bourdon oil field development offshore Gabon, alongside an 18-month extension of its $250 million corporate revolving credit facility…
Argentina's government said on Tuesday it had filed a request for provisional measures with the International Tribunal for the Law of the Sea seeking to halt British-authorized hydrocarbon activity near the Falkland Islands.The request aims…
Iran is deploying new tactics to target ships sailing through the Strait of Hormuz as it seeks to keep oil prices high and influence the US midterm elections, two senior Iranian officials told Reuters.Tehran has tried to exert control over the…
ExxonMobil has told Guyana it will need more offshore gas to maximize oil production than the government had expected, potentially leaving less for liquefied natural gas production and exports, two people close to the talks said.Guyanese officials…