The International Marine Contractors Association (IMCA) has welcomed DEME Offshore Energy Managing Director Hugo Bouvy as its new President.He succeeded Saipem’s Luca Gentili at the end of his two-year term at a meeting of IMCA’s Board on 18 March…
China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has appointed Huang Yongzhang as Chief Executive Officer, alongside several other senior leadership roles within the company.Yongzhang has been named Vice Chairman…
Vietnam's domestic crude oil production is expected to decline this decade, according to a government document released this week, increasing the country's reliance on imports as its offshore fields mature and geopolitical tensions threaten global supplies…
The Board of Woodside Energy has appointed Elizabeth (Liz) Westcott as Chief Executive Officer and Managing Director.Westcott, who has served as Woodside Acting CEO since the departure of Meg O’Neill in December 2025, has a proven track record…
Petrobras will exercise its right to purchase Malaysian company Petronas' 50% stake in two offshore fields in Brazil for $450 million, according to a securities filing.Following the deal, Petrobras will hold 100% of the Tartaruga Verde field and Module III of the Espadarte field…
U.S. officials are drafting agreements to pay nearly $1 billion to oil major TotalEnergies as compensation for the cancellation of leases for wind farms in federal waters off New York State and North Carolina, the New York Times reported on Tuesday…
Eni has marked a pair of strategic milestones, advancing its gas position offshore Angola while reinforcing its financial flexibility through a new multi-billion-dollar credit facility.In Angola, the company announced first gas from the Quiluma field…
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 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…
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 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…
Offshore drilling contractor Seadrill has appointed Samir Ali as its new chief executive officer (CEO).Effective immediately, Samir Ali will step up from its Executive Vice President, Chief Commercial Officer (CCO) position to its new role, succeeding Simon Johnson…
Exxon Mobil has evacuated non-essential employees from its operations in the Middle East, CEO Darren Woods said in an interview on Tuesday, as the U.S.-Israel war on Iran continues.Some operations have been scaled back to manage oil inventory…
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…