The Trump administration's second sale of oil and gas leases in the Gulf of Mexico in three months attracted far less industry interest than the auction it held in December, according to a sale document posted on a government website on Tuesday…
Responding to the surge in global subsea cable investment driven by cloud computing and artificial intelligence, ABS has published its Technical Standard for Subsea Power Cables.Subsea power cable design, installation and operation pose unique challenges due to harsh marine environments…
Exail is supplying over 70 acoustic transponders and integrated navigation suites for two major deepwater energy projects in Brazil and Angola. These contracts mark a significant milestone in the global adoption of Exail’s Long Baseline (LBL) subsea positioning technology…
Jan De Nul has selected Ulstein Design & Solutions to provide the vessel design for a new subsea trenching vessel that will be added to the company’s offshore fleet.The vessel, scheduled for delivery in 2028, will be based on a proven subsea…
Oil prices plummeted 7% on Tuesday after soaring to a more than three-year high in the previous session as U.S. President Donald Trump predicted the war in the Middle East could end soon, easing concerns about prolonged disruptions to oil supplies…
Saudi Arabia's Aramco, the world's top oil exporter, said on Tuesday there would be 'catastrophic consequences' for the world's oil markets if the Iran war continues to disrupt shipping in the Strait of Hormuz.Oil shipments have been largely blocked from traversing through the shipping artery…
The Bureau of Ocean Energy Management has released the 2026 National Assessment of Undiscovered Oil and Gas Resources, an estimate of the undiscovered, technically and economically recoverable oil and natural gas resources outside of known oil and gas fields on the U…
2025 was a year of recalibration, continuing the softness experienced since the fourth quarter of 2024. Rather than a slowdown, this period can be better described as a collective deep breath as the industry prepares for the next upcycle in the Asian Pacific region…
Unlike larger jackup regions where scale provides greater flexibility, relatively minor changes in supply can have an outsized impact. The availability, reactivation, or retirement of a single rig can materially shift utilisation levels, dayrate negotiations…
Mitsui O.S.K. Lines (MOL) has agreed to jointly own two commissioning service operation vessels (CSOVs) with Cyprus-based shipping company Schoeller Holdings, marking the Japanese company’s first entry into the European offshore wind support vessel market…
Governments scrambled to limit the impact on economies and consumers from the widening Iran war, which fuelled a record surge in oil prices on Monday after key producers cut output and Tehran signalled that hardliners would remain in charge…
Saudi Aramco has offered more than 4 million barrels of Saudi crude in rare tenders as the U.S.-Iran conflict disrupted exports from the Middle East, several traders said.In a tender that will close at 5 p.m. Beijing time (0900 GMT) on Monday…
Kuwait Petroleum Corporation began cutting oil output on Saturday and declared force majeure, adding to earlier oil and gas reductions from Iraq and Qatar as the U.S.-Iran war blocked shipments from the Middle East for the eighth consecutive day…
Qatar is offering at least two liquefied natural gas tankers that it controls for lease, as the country’s massive export facility in the Gulf remains shut due to the ongoing war in the Middle East, Bloomberg News reported on Friday.The Al Thumama and Mesaieed…
Brazilian firms OceanPact and CBO have announced plans to combine their businesses, creating what the companies described as the country’s most comprehensive integrated fleet and services platform for the offshore sector.The transaction will…