Brent rose more than $3 on Tuesday for a third day of gains as the widening U.S.-Israeli conflict with Iran and threats to shipping via the Strait of Hormuz heightened fears of supply disruptions from the key Middle East producing region.Brent crude futures LCOc1 were at $80…
Tidewater Inc. announced its 2025 results with Quintin Kneen, Tidewater’s President and CEO, commenting, “Although 2025 was anticipated to be a down year for the offshore industry, I am pleased to say that by all measures Tidewater was able…
In alignment with President Trump’s Executive Order 14303, “Restoring Gold Standard Science,” the Bureau of Ocean Energy Management’s Alaska Outer Continental Shelf Region has released five 3D seismic survey datasets from the Beaufort Sea, expanding…
OEG, an energy solutions company, has expanded its offshore wind vessel fleet with the delivery of Fulmar, its newest multi-purpose crew transfer vessel (CTV), following successful sea trials.Fulmar will operate in UK waters, with its first charter already secured in Scotland…
Qatar halted its production of liquefied natural gas on Monday as Israeli and U.S. strikes against Iran and Tehran's retaliation prompted precautionary shutdowns of oil and gas facilities across the Middle East.Saudi Arabia shut its biggest domestic oil refinery after a drone strike…
After a softer 2025, floater backlog is strengthening for 2026 and beyond, driven by early contracting, strong South American demand, and a growing pipeline of 2027+ programs.By the close of 2025, total floating rig backlog days had fallen 25% compared with 2024…
Asia Pacific’s upstream sector heads into 2026 with a combination of near-term project delivery and high-impact frontier drilling. A wave of large offshore gas schemes is moving towards FID or first production, just as a new set of wildcats tests unproven deepwater plays…
Norway's Equinor EQNR.OL and its partners have discovered oil near the Snorre field in the North Sea and plan a 'rapid and cost effective' development of the new reserves, the state-controlled operator said on Monday.Preliminary estimates put the size of the discovery…
Oil surged 9% on Monday after retaliatory Iranian attacks disrupted shipping in the crucial Strait of Hormuz following the weekend's bombing by Israel and the United States that killed Iranian Supreme Leader Ali Khamenei.A sustained jump in prices would threaten a global economic recovery…
The diplomatic route in Iran is now exhausted, as last night the United States and Israel attacked Iran, sharply escalating security risks for commercial shipping in the Persian Gulf and adjacent waters, prompting immediate operational and insurance repercussions across the global maritime sector…
Africa-focused Panoro Energy will take part in Equatorial Guinea's oil and gas auction in April as it hunts for new assets after increasing its stake in the country's offshore Block G, its executive chairman said on Friday.Panoro this week acquired an additional 40…
The U.S. Department of Energy (DOE) has approved a 12% expansion in exports at Cheniere Energy’s Corpus Christi liquefied natural gas (LNG) terminal in Texas, authorizing additional shipments to non-free trade agreement countries.U.S. Secretary…
TotalEnergies has signed a preliminary agreement with Glenfarne, lead developer of the Alaska LNG project, for the long-term offtake of 2 million tonnes per annum (Mtpa) of liquefied natural gas (LNG) over 20 years, subject to a final investment decision on the project…
Dutch geological data specialist Fugro has announced its chief financial officer (CFO) Barbara Geelen will step down from the position.Geelen will step down from the Board of Management of Fugro per the close of the upcoming AGM, to be held on 23 April 2026…
Energy data and intelligence provider TGS has launched the Nigeria Laide multi-client 3D seismic survey offshore Nigeria in partnership with the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and SeaSeis Geophysical Limited.The survey covers approximately 11…