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…
Seadrill has secured more than $860 million in new contract backlog since February fleet status report, driven by offshore drilling awards and extensions in Brazil, the U.S. Gulf and Angola, lifting its total contract backlog to about $3.1 billion…
Oil prices rallied on Monday, a day after President Donald Trump said Iran's response to a U.S. proposal was 'unacceptable,' raising supply fears as the Strait of Hormuz stayed largely closed, which kept the global market tight.Brent crude futures LCOc1 climbed $4…
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…
Oil majors are bracing for prolonged turbulence in energy markets, which should curb any temptation to ramp up spending after the Iran war. The biggest fear now is not missing the next rally, but being on the wrong side of the inevitable retreat…
Lloyd’s Register (LR) has granted an Approval in Principle (AiP) to Wison New Energies for a harsh-environment floating production storage and offloading (FPSO) design featuring an internal turret mooring system.The FPSO concept is aimed at offshore developments in demanding metocean conditions…
Ta San Shang Marine (TSSM), a joint venture between Mitsui O.S.K. Lines (MOL) and Taiwan’s Ta Tong Marine, has taken delivery of a new commissioning service operation vessel (CSOV), the TSS Cruiser, which is now ready to support offshore wind farm operations in Taiwan…
UTC Overseas and Transoceanic Development have launched UTC Transoceanic (UTC Transo), a joint venture aimed at supporting the growing logistics needs of energy, power and industrial infrastructure projects along the U.S. Gulf Coast.Headquartered in New Orleans…
The Norwegian Offshore Directorate (NOD) has granted Equinor a drilling permit for a wildcat well in the North Sea, to be conducted with COSL’s COSLInnovator semi-submersible drilling rig.The permit is for wellbore 34/10-56 S in production license 050 HS…
Energy services company Weatherford has been awarded a managed pressure drilling (MPD) contract by Ventura Offshore for operations aboard the SSV Victoria semi-submersible drilling rig offshore Brazil.The contract covers operations in Petrobras’…
Gulf Marine Services on Friday reported a 24% fall in first-quarter profit after the UAE-based firm was instructed to evacuate four vessels from a Gulf Cooperation Council country in March as a precautionary measure due to the Iran War.U.S.-Israeli strikes on Iran…
BW Offshore has agreed with the Catcher field partners to amend the contract for its BW Catcher floating production storage and offloading (FPSO) unit, extending the agreement through December 31, 2030, plus or minus six months.The revised agreement replaces the previous structure…
Turkey is looking to extend its liquefied natural gas (LNG) agreement with Algeria ahead of its expiry in September 2027, Energy Minister Alparslan Bayraktar said, adding that some of the gas could potentially be transported to southeastern Europe…
Norway’s Ministry of Energy has approved the plans for development and operation (PDO) for the Previously Produced Fields (PPF) project in the Greater Ekofisk Area, paving the way for the redevelopment of three previously producing offshore fields…
The Philippine Coast Guard has accused China of conducting illegal marine scientific research near the oil and gas-rich Reed bank within Manila's exclusive economic zone in the South China Sea, according to a statement on Thursday.'We will continue…