Saipem has completed the sale of its Saudi Arabian shallow-water drilling business to ADES Saudi Limited Company, advancing its strategy to focus its offshore drilling portfolio on deepwater and harsh-environment operations.The transaction, first announced in June…
Asia's crude oil industry has a good idea of how to end the current crisis created by the Iran conflict. But they also know their wish is unlikely to be granted and they are hunkering down for an extended disruption to supplies from the Middle East…
CM Energy has announced plans to introduce CM Zenith into the European offshore wind market from Q1 2028, following a targeted modification and upgrade program to meet international class, flag and operational requirements.CM Zenith, formerly…
Petroleum Marine Services (PMS) has completed the installation of three subsea pipelines for the fourth phase of the Kamose offshore gas field development in Egypt, clearing the way for the installation of three new production platforms.The project…
UK-based oil and gas company Spirit Energy has completed a $55 million (£40 million) decommissioning campaign in the UK North Sea, plugging and abandoning three subsea wells and removing more than 234 tonnes of subsea infrastructure.The campaign…
An Alaska federal judge on Monday threw out a lawsuit by environmental groups challenging President Donald Trump’s move to allow offshore drilling along broad swaths of previously protected coastline.U.S. District Judge Sharon L. Gleason found the lawsuit by groups…
Saudi Arabian drilling contractor Arabian Drilling has signed a contract with Masirah Oil and Northern Offshore to drill two firm wells and two optional wells in Oman, marking the company's entry into a new Gulf Cooperation Council (GCC) market…
British oil major Shell has shelved its Aphrodite offshore gas project in Trinidad and Tobago after disagreements over commercial terms with Trinidad's National Gas Company, three people familiar with the decision said on Monday.Shell had given…
Shearwater has announced a key milestone in the continuous development of its Reveal seismic processing and imaging software, with the platform now running on the Arm architecture using the NVIDIA GH200 Grace Hopper Superchip.Early benchmarks…
Deployable Energy has signed a Memorandum of Understanding with Hornbeck Offshore to transform five strategic maritime and offshore markets through the utilization of Deployable Energy's Unity Nuclear Battery. Hornbeck Offshore has also made a strategic investment in Deployable Energy…
Borr Drilling reported lower revenue and adjusted earnings for the second quarter of 2026 as rig transitions, higher operating costs and delays getting the Odin to work weighed on results.The jack-up drilling contractor reported Q2 operating revenue of $232…
Borr Drilling Limited has announced its unaudited results for the three and six months ended June 30, highlighting a second quarter total operating revenues of $232.3 million, a decrease of $14.7 million or 6% compared to the first quarter of 2026…
Offshore drilling contractor Noble Corporation has secured a contract from ConocoPhillips Skandinavia for the ultra-harsh environment jack-up Noble Interceptor to support plug and abandonment (P&A) operations in the Greater Ekofisk Area offshore Norway…
Valaris has completed a two-well workover and completion campaign for BP offshore Trinidad, with its VALARIS 249 jack-up rig finishing the program nearly 17 days ahead of schedule.The company credited the performance of the VALARIS 249 crew for delivering the campaign safely…