Latest News - page 58

 

Sable Offshore Restarts Santa Ynez Pipeline After Trump Emergency Order

Mar 16, 2026

Sable Offshore on Monday said it had begun pumping oil on a long-disputed pipeline system linking the Santa Ynez offshore platform to California refineries after emergency orders from the Trump administration directing the restart.The restart…

Ukraine Looks to Partner With Romania to Develop Black Sea Gas Discovery

Mar 16, 2026

Ukraine's Naftogaz, which discovered 'substantial' offshore gas reserves in the Black Sea before Russia's invasion, is in talks with Romania's OMV Petrom to form a partnership relating to the field, three industry sources told Reuters.The sources…

TVO Customizes Tethered BOP Technology

Mar 16, 2026

Trendsetter Vulcan Offshore (TVO) completed a unique tethered blowout preventer (TBOP) installation in the Gulf of America (GoA) to reduce wellhead fatigue in soft seabed conditions.TVO’s proprietary technology was essential in enabling the…

Equinor’s Investigation Following Mongstad Fatal Accident is Complete

Mar 16, 2026

Equinor has completed its internal investigation into the workplace accident at Mongstad on 17 September 2025, in which a worker lost his life. The purpose has been to ensure learning and to identify measures that can strengthen safety in crane and lifting operations across the company…

Eni: New Gas Discoveries in Libya

Mar 16, 2026

Eni has made two new gas discoveries in Libya as a result of an exploration campaign initiated in the past months.Two adjacent geological structures, Bahr Essalam South 2 (BESS 2) and Bahr Essalam South 3 (BESS 3), were successfully drilled by the B2-16/4 and C1-16/4 wells…

Kent Awarded FEED Contract for Prinos Carbon Storage Project

Mar 16, 2026

Kent has been selected by EnEarth, to perform the front end engineering design (FEED) for the Prinos CO₂ Storage Project in Northern Greece.Kent will develop the FEED design for the new CO₂ handling and storage facility, which will receive, store…

Additional LNG Exports from Plaquemines LNG Approved

Mar 15, 2026

U.S. Secretary of Energy Chris Wright has authorized an immediate 13% increase in exports at Venture Global’s Plaquemines LNG Terminal in Louisiana.The authorization allows additional exports of up to 0.45 billion cubic feet per day (Bcf/d) of U…

BP Wins US Approval for Kaskida Project

Mar 15, 2026

British energy major BP has received approval from the Trump administration to advance its Kaskida project in the Gulf of Mexico, a company spokesperson told Reuters in an emailed statement late on Friday.The $5 billion investment would unlock…

Revolution Wind Now Delivering Power to New England

Mar 15, 2026

Revolution Wind, a 50/50 joint venture between Global Infrastructure Partners’ Skyborn Renewables and Ørsted, started delivering power to New England's electric grid on March 14.Revolution Wind, a 704MW offshore wind energy project, is expected to supply enough electricity to power more than 350…

EU Doesn’t See Risks to Oil and Gas Supply Yet

Mar 15, 2026

In separate ad hoc meetings of the Gas Coordination Group and the Oil Coordination Group held on March 12, the Commission and EU countries assessed the situation concerning the EU’s gas and oil security of supply in view of the continued disruptions in the Middle East…

Trump Administration Directs Sable Offshore to Restore Santa Ynez Operations

Mar 15, 2026

The Trump administration on Friday directed Sable Offshore to restore oil drilling operations off the southern California coast, the U.S. Energy Department said.The move aims to restart oil production at a cluster of offshore platforms as fuel prices continue to rise in the wake of the war on Iran…

US Officials Predict Quick End to Iran War

Mar 15, 2026

U.S. officials responding to economic uncertainty over high oil prices predicted on Sunday that the U.S.-Israeli war on Iran would end within weeks and that a drop in energy costs would follow, despite Iran's assertion that it remains 'stable and strong' and ready to defend itself…

Offshore Service Vessels: A Measured Market Recovery

Mar 13, 2026

The outlook for the offshore support vessel (OSV) business has brightened considerably since the dark days of the previous decade and is possibly in a “Goldilocks moment” — not too weak and not too strong. While strengthening, it has not yet reached the point of significant new vessel ordering…

Louis Dreyfus Company Appoints Landerretche CFO

Mar 13, 2026

Louis Dreyfus Company B.V. (LDC) appointed Sébastien Landerretche as the Group’s Chief Financial Officer (CFO), effective March 18 and based in Switzerland.Landerretche joined the Group in 2004, leading global ocean freight research, based in China…

Maersk Offshore Names New WTIV Ahead of US Offshore Wind Deployment

Mar 13, 2026

Maersk Offshore Wind has officially christened its new Seatrium-built wind turbine installation vessel (WTIV) Maersk Viridis, marking the entry of the first vessel in the company’s new offshore wind installation fleet.The naming ceremony was held on board the vessel…

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