Job Cuts News


Adura Hires Shearwater for OBN Seismic Survey Job on North Sea Field

May 19, 2026

Offshore seismic services firm Shearwater Geoservices has secured an ocean bottom node (OBN) seismic acquisition project for the Jackdaw field in the UK sector of the North Sea by Adura.The two-month survey will deliver high-resolution OBN data…

ADES Extends North Sea Rig Contract to Three-Year Term

May 18, 2026

Offshore drilling contractor ADES Holding has extended the contract for Shelf Drilling Winner rig with Tenaz Energy Netherlands from a one-year to a three-year firm term for operations in the Dutch sector of the North Sea.The company said the contract…

Global Businesses Face Mounting $25 Billion Fallout From Iran War

May 18, 2026

The U.S.-Israeli war with Iran has already cost companies around the world at least $25 billion - and the bill is climbing, according to a Reuters analysis.A review of corporate statements since the start of the conflict by companies listed in the United States…

All Systems Go for Technip Energies' Job at Commonwealth LNG Scheme

May 15, 2026

Technip Energies has received full notice to proceed for a major engineering, procurement and construction (EPC) contract with Commonwealth LNG for a liquefied natural gas export facility in Louisiana.The notice follows the final investment decision (FID) for the 9…

BP Weighs Sale of Egyptian Gas Assets, Sources Say

May 15, 2026

Oil major BP is considering selling some of its natural gas assets in Egypt, four people close to the matter told Reuters, as new CEO Meg O'Neill restructures the group to cut debt and refocus on more profitable projects.BP has invested more than $35 billion in Egypt over six decades…

ABL Nets Brazil Job Tied to Mero Offshore Oil and Gas Projects

May 14, 2026

ABL Energy & Marine Consultants Brasil has been appointed marine warranty surveyor (MWS) for Subsea7’s transportation and installation campaign covering SURF infrastructure for the Mero 3 and Mero 4 offshore developments in Brazil’s Santos Basin…

Iraq, Pakistan Secure Oil Shipments via Hormuz with Iran Agreements

May 13, 2026

Both Iraq and Pakistan have cut deals with Iran to ship oil and liquefied natural gas from the Gulf, according to five sources with knowledge of the matter, in a demonstration of Tehran's ability to control energy flows through the Strait of Hormuz…

North Star Nets Multi-Year North Sea Safety Vessel Contracts

May 12, 2026

Offshore infrastructure services provider North Star has secured a multi-million-dollar pipeline of emergency response and rescue vessel (ERRV) contracts covering 17 vessels operating in the North Sea.The awards, comprising new contracts and extensions…

NextGeo Scores $11.7M Mediterranean Subsea Job

May 12, 2026

Italian offshore services provider Next Geosolutions (NextGeo) has been awarded a contract worth about $11.7 million (€10 million) for geophysical survey and unexploded ordnance (UXO) activities linked to a subsea energy infrastructure project in the Central Mediterranean…

Energy Services Sector Adds Jobs Again in April, Trade Group Says

May 11, 2026

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…

Fugro Gets Survey Job on Scottish Offshore Wind Farm

May 11, 2026

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…

TGS to Embark on OBN Survey Job in Gulf of America

May 11, 2026

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…

Woodside’s Delayed Browse LNG Project Cost Estimate Climbs to $35B

May 11, 2026

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…

IEA: Middle East Conflict Reshaping Medium-Term Gas Outlook

May 07, 2026

The Iran war has already led to a loss of about 120 billion cubic metres of global liquefied natural gas supply over the 2026 to 2030 period, Gergely Molnar, an analyst from the International Energy Agency, said on Thursday.Speaking at the Budapest LNG Summit…

Norway Adds 70 Offshore Blocks in New Oil And Gas Licensing Round

May 05, 2026

Norway’s Ministry of Energy has launched the APA 2026 licensing round, expanding available exploration acreage on the Norwegian continental shelf by 70 blocks across the North Sea, Norwegian Sea and Barents Sea.The Awards in Predefined Areas…

Current News

Shell Plans to Launch $1b Wind Farm Sale

BP Looks to Shed Gulf of America Projects, sources say

Cadeler Installs Final Turbine at RWE's 1.4GW Sofia Offshore Wind Farm

JERA Takes Delivery of First LNG Cargo from Australia's Barossa Gas Project

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