Financial institutions and investors have urged the European Union to maintain its opposition to new Arctic oil and gas drilling, as the bloc weighs revising its stance to prioritise energy security.The call highlights investor unease that the energy crisis triggered by the U…
NOPSEMA has released Australia’s Offshore Energy Industry Performance Report 2025, providing an overview of offshore energy activity and performance across Australia’s regulated jurisdictions.The report draws on regulatory data, inspection and assessment findings…
ABS has issued a Statement of Maturity for SBM Offshore’s Seawater Intake Riser (SWIR) technology.Developed in collaboration with Shell, the SWIR technology features an innovative technique to pump colder seawater from approximately 700 meters…
Baker Hughes announced Tuesday a major contract extension with Petrobras to provide integrated solutions for well construction across Brazil’s Santos Basin.Baker Hughes will expand the company’s comprehensive well construction operations in several of the basin’s oilfields…
Mexican billionaire Carlos Slim said on Tuesday that a deepwater natural gas project his company Grupo Carso agreed to develop alongside state-run oil company Pemex is 'irrational,' raising questions about the future of the project.The Lakach…
BP has ousted Chair Albert Manifold with immediate effect, it said on Tuesday, citing governance and conduct issues, with four sources alleging aggressive and unacceptable behavior towards colleagues.A BP spokesperson declined to give further details…
ABL has been hired to support Esso Australia Resources as preparations advance for what the company described as Australia’s largest offshore decommissioning campaign in the Bass Strait.The Gippsland Decommissioning Campaign #1 Project is expected…
Norwegian subsea services firm Reach Subsea has signed a memorandum of agreement with Beacon Offshore to establish a strategic partnership targeting subsea projects offshore Australia.Under the agreement, the companies will collaborate exclusively on marketing…
Dajin Heavy Industry, via its subsidiary Tangshan Dajin Offshore Engineering, has signed a contract with a Dutch shipowner Jumbo Maritime to build two next-generation multi-purpose heavy-lift vessels.The contract is valued at approximately $156 million and covers the design…
Karoon Energy has restarted production from the Baúna project offshore Brazil following a planned 28-day shutdown tied to maintenance and revitalization work on the floating production, storage and offloading (FPSO) unit.The company said production has ramped up to approximately 11…
Well-Safe Solutions has secured its first contract to provide full well operatorship and asset execution services for an unnamed client in the UK North Sea.The contract expands the company’s service offering into integrated well lifecycle services…
Petronas has confirmed that an incident occurred during lifeboat maintenance work at the Sepat floating, storage and offloading (FSO) unit offshore Malaysia, resulting in three fatalities and one injury.The incident occurred at approximately 12:50 p…
QatarEnergy has notified one of its biggest European customers that it will cancel five additional LNG cargoes, extending force majeure from early July until mid-August, Italian utility Edison said on Monday.Edison holds a long-term contract with QatarEnergy for the supply of 6…
A union group said on Tuesday it had pulled strike action at Inpex's Ichthys liquefied natural gas facility in Darwin planned for Wednesday and Thursday due to progress made in bargaining. The Offshore Alliance, made up of the Australian Workers Union and Maritime Union of Australia…
Eni and its partners Petroci and Vitol have approved the final investment decision (FID) for the Baleine Phase 3 project offshore Côte d’Ivoire, advancing development of what the company described as the country’s largest hydrocarbon discovery…