Odfjell Drilling has secured an agreement to manage Beacon Pacific semi-submersible rig for a six-well drilling campaign with Serica Energy offshore UK, scheduled to begin in the third quarter of 2027.Serica Energy has signed the drilling contract with rig owner Beacon Pacific Offshore…
Subsea7 has secured a contract from Aker BP for subsea pipeline and infrastructure work on the Lyra field development in the North Sea offshore Norway.The contract, worth between $150 million and $300 million, covers engineering, procurement…
UTEC, Acteon's geo-services business, will deploy a hybrid acoustic-inertial positioning system developed with Sonardyne to support two offshore pipelay projects in the Middle East, covering more than 150 kilometers of pipeline installation…
China's CNOOC plans to resume production at its deep-sea gas field Lingshui 17-2 in the South China Sea in the fourth quarter following an accident earlier in the year, a company executive said during an earnings call on Friday.The incident…
Portugal's government is assessing whether to increase its 8% stake in oil company Galp Energia after the collapse of merger talks with Spain's Moeve, the economy minister said on Sunday as it seeks to safeguard strategic assets including the country's only oil refinery…
Big Oil is reaping near record cash windfalls from the eight-month-old Iran war, but Western energy producers’ reluctance to ramp up spending reveals persistent doubts about the industry’s long-term outlook.BP, Chevron, Exxon Mobil, Shell and…
TotalEnergies has signed agreements to acquire a 30% operated interest in the Lang Lebah and B14 gas fields offshore Malaysia, paving the way for an integrated development expected to unlock more than 6.5 trillion cubic feet of gas resources…
Borr Drilling has confirmed the recovery of a fourth body following the sinking of its Prospector 5 jack-up rig offshore Gabon, with search operations continuing for one person still missing.The company said on November 2 that the body of a…
Chinese offshore oil and gas major CNOOC has brought nine new oil and gas projects into production in the first nine months of 2026, lifting its net output by 2.7% year-on-year to a record 593.7 million barrels of oil equivalent (boe) for the period…
Seatrium has secured a floating production, storage and offloading (FPSO) vessel integration contract worth over $155 million (S$200) million from SBM Offshore for offshore developments in South America.The contract covers the fabrication of key mooring and riser support structures…
An offshore project can appear to be progressing on schedule until one contractor is ready to move forward and the next cannot start. What appears to be a relatively minor contractual or technical issue can quickly develop into a much larger…
Offshore drilling contractor Noble Corporation has secured approximately $560 million in new rig contracts across Africa, South America and Norway since its July fleet status report, bringing its contracted backlog to $6.7 billion.The awards span six drilling rigs and include exploration…
Petrobras has identified another oil-bearing interval in the Morpho well in ultra-deep waters off Brazil's Amapá coast, marking the third oil discovery in block FZA-M-59.The latest discovery was confirmed following continued evaluation of other…
BP posted its highest quarterly profit in at least five years on Friday, beating expectations as the Iran war boosted energy prices and refining margins, and said it would use the windfall to settle its remaining Deepwater Horizon liabilities…
ST LNG aims to reach a final investment decision on its $8.2 billion LNG export project by mid- to late 2027, the company's president said on Thursday, a day after receiving a key US government approval.The company's first liquefied natural gas export facility…