Job Cuts News


Nigeria Introduces Oil Tax Relief for Cost-Cutting Measures Implementation

May 30, 2025

Nigerian President Bola Tinubu has signed an executive order introducing a performance-driven framework for oil sector operators, designed to link tax incentives directly to verifiable cost savings.Under the new Upstream Petroleum Operations Cost Efficiency Incentives Order 2025…

BP Lines Up Noble Rig for North Sea CCS Drilling Job

May 30, 2025

BP has hired Noble Corporation’s Noble Innovator jack-up rig for a drilling job related to carbon capture and storage (CCS) project in the North Sea.Under the contract, Noble Innovator will drill six firm wells for the Northern Endurance Partnership (NEP) project in the North Sea…

Agogo FPSO Checks In Offshore Angola

May 29, 2025

The Agogo floating production, storage and offloading (FPSO) unit has reached Angola ahead off installation at Azule Energy’s offshore field.The trans-oceanic towing operation from China to Angola was conducted by PACC Offshore Services Holdings (POSH)…

EnQuest Grows South East Asia Operations

May 27, 2025

EnQuest provided an operations update ahead of its annual general meeting highlighting its growing footprint in South East Asia.The group announced several key growth initiatives across South East Asia in recent months, including the award of the DEWA PSC…

Report: As Momentum Slows, Japan to Sweeten Offshore Wind Rules

May 27, 2025

Japan is likely to sweeten terms for developers to build a massive offshore wind farm sector, industry insiders say, as it looks to put its energy ambitions back on track against a worldwide slump of projects hit by soaring costs and delays…

Velesto’s Jack-Up Rig Set for Drilling Job off Indonesia

May 23, 2025

Malaysia’s oil and gas services firm Velesto has secured a new drilling contract for its NAGA 8 jack-up drilling rig offshore Indonesia.The contract has been awarded by PC Ketapang II, PC North Madura II, and PETRONAS North Ketapang, and is set to begin in July 2025…

Subsea7 Secures Subsea Job for FPSO off West Africa

May 21, 2025

Subsea 7 has secured of a subsea contract in West Africa, worth up to $150 million.Subsea7 will be responsible for transporting and installing flexible pipelines, umbilicals, and associated subsea components for the connection of a floating production…

Velesto’s Jack-Up Rig Up for Drilling Job Offshore Vietnam

May 20, 2025

Malaysia’s oil and gas services firm Velesto has secured a drilling contract by Phu Quoc Petroleum Operating Company (PQPOC) for its NAGA 4 jack-up drilling rig, which will be put to work off Vietnam.Under the long-term contract, Velesto’s NAGA…

Strategic Marine Delivers First of Two CTVs for Ventus Marine

May 20, 2025

Singaporean shipbuilder Strategic Marine has delivered a crew transfer vessel (CTV) to Taiwan as part of a contract with Ventus Marine for two vessels.The 27-meter Z-Bow vessels, designed in collaboration with naval architect BMT, incorporate cutting-edge marine engineering and technology…

Empire Offshore Wind Project Resumes Construction as Stop Order Gets Lifted

May 20, 2025

Empire Offshore Wind, a subsidiary of Equinor, has been informed by the Department of the Interior’s Bureau of Ocean Energy Management (BOEM) that the stop work order has been lifted for the Empire Wind project, allowing construction activities to resume…

Turkey Discovers New Black Sea Gas Reserve

May 19, 2025

Turkey has discovered a new reserve of 75 billion cubic metres (bcm) of natural gas during drilling works in the Black Sea, President Tayyip Erdogan said on Saturday.'With this discovery, we will meet the natural gas needs of homes in Turkey for 3…

Industry Leaders Set to Discuss Future of US Offshore CCS Market

May 16, 2025

National Ocean Industries Association (NOIA) and the Offshore Operators Committee (OOC) are organizing fourth annual Offshore CCS & Emerging Technologies Symposium, where industry leaders will gather to discuss the future of U.S. carbon capture and storage (CCS) projects…

Strategic Move Brings Decom Engineering's Base to Aberdeen

May 16, 2025

Northern Ireland firm Decom Engineering has relocated its head office to Aberdeen to be closer to key clients and for easier access to the skills market.The specialist cutting technology provider supports the oil, gas, renewables and infrastructure…

Topside for Hollandse Kust (west Beta) Substation Set to Sail to Final Location

May 15, 2025

Two weeks after the successful load out, the steel topside for the Hollandse Kust (west Beta) substation platform is ready to leave the port of Hoboken near Antwerp in the Netherlands for its final North Sea destination.The topside is schedule to leave the Dutch port on May 17…

New $1.2B Subsea Cables Factory Plan Set to Transform Port of Tyne

May 14, 2025

LS Eco Advanced Cables (LSEAC) has launched a five-week public consultation on its proposals to develop a high voltage cable production facility at the Port of Tyne for subsea electricity transmission, designed to transport clean energy generated by offshore wind onto UK shores…

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