Following a year of tighter sanctions and Ukrainian attacks on refineries, ports and tankers, Russia’s crude output has fallen further in the second half of 2026, affecting the nation’s crude production outlook. Factoring in these disruptions…
TGS and Geophysical Technology Inc. (GTI), a global provider of seismic recording technology and services, have announced a strategic collaboration agreement to jointly pursue seismic acquisition projects spanning shallow water, transition zone…
The Tupi field in the pre-salt layer of the Santos Basin has reached a cumulative production of 4 billion barrels of oil equivalent (boed), becoming the first in Petrobras’ 73-year history to achieve this production volume.This year, the asset also surpassed…
BP has, in partnership with United Arab Emirates firm XRG, and a unit from Qatar's conglomerate UCC Holding secured a licence to explore and develop Venezuela's offshore Loran field's second phase, according to the British company's and government officials' announcements on Thursday…
BP has awarded global automation company Emerson a multi-million-dollar contract to deliver automation technologies for the Shah Deniz Compression project off the coast of Azerbaijan.This builds on a long-standing collaboration between the two companies…
Seatrium Limited entered into a Letter of Intent (LOI) with Golar LNG Limited to advance a potential third Floating Liquefied Natural Gas (FLNG) conversion project to be undertaken by Seatrium for Golar.Under the arrangement, Seatrium and Golar…
Danish offshore wind farm developer Orsted reported on Thursday a second-quarter core profit above forecast and maintained its financial outlook for the year.Orsted expanded rapidly over the past decade, but more recently faced higher costs from supply chain disruption and inflation…
When maritime autonomy is discussed, the image is often a large cargo ship crossing an ocean without a crew. That remains a longer-term regulatory and technical challenge. The more immediate commercial market is developing elsewhere – smaller…
Shearwater Geoservices has received two separate Letter of Awards (LOA’s) from Oil and Natural Gas Corporation Limited (ONGC), each representing a large offshore 3D seismic survey offshore India.Combined, the two projects add approximately 15 vessel months of backlog…
The latest Trump administration sale of oil and gas drilling rights in the Gulf of Mexico attracted nearly $82.7 million in high bids on Wednesday, generating more money than a sale in March, but far less than one held in December.The Trump administration offered more than 80 million acres (32…
CAPE Holland, a Venterra Group company, and GBM Works have signed a Memorandum of Understanding (MoU) to jointly further develop and commercialize Vibrojet worldwide. Vibrojet is an installation technology for offshore wind monopile foundations…
The Trump administration will offer more than 81 million acres (32.8 million hectares) in the Gulf of America to oil and gas drillers as part of an effort to boost domestic energy production with regular offshore lease sales.The sale is the second since the U…
State-controlled Petrovietnam Gas is sounding out suppliers for a possible tender to procure liquefied natural gas under a five-year contract, according to a document reviewed by Reuters.If agreed, it would be Vietnam's second term contract after a deal with Shell earlier this year…
Cadeler completed the final turbine installation at the 960 MW He Dreiht Offshore Wind Farm in the German North Sea. The final turbines were installed by Wind Keeper, under its long-term contract with Vestas.Cadeler’s scope of the installation…