ExxonMobil awarded about $1.1 billion worth of pre-investment contracts for certain upstream equipment for the Rovuma LNG Phase 1 project in Cabo Delgado.The U.S. oil major awarded the contracts on behalf of the so-called Area 4 partners, which…
Sub-Saharan Africa’s deepwater production is expected to grow by over 1 million boe/d by 2035 and big-ticket projects taking final investment decisions (FIDs) in 2026 and 2027 will be key to unlocking this.In late January, Equatorial Guinea and Chevron signed-off the Aseng Gas blowdown project…
Norwegian energy group Equinor said on Monday it has agreed to buy a stake in a gas-fired power plant in the U.S. state of Pennsylvania, seeking to benefit from rapidly growing electricity demand from data centres and other industry.Equinor will pay $940 million…
For generations, the Gulf of America has served as the proving ground for offshore innovation. Every major chapter in modern offshore energy has depended upon American engineers, geoscientists, mariners, fabricators, regulators, and offshore workers to solve problems many believed were beyond reach…
Moby Robotics is a new entrant to the subsea swarm autonomous robotic space, created in 2025 and aiming to take a leadership role in the discovery and recovery of subsea minerals market.The race to secure critical minerals from the deep ocean has accelerated dramatically over the past two years…
Seatrium Limited entered into a Letter of Intent (LOI) with Golar LNG Limited to advance a potential third Floating Liquefied Natural Gas (FLNG) conversion project to be undertaken by Seatrium for Golar.Under the arrangement, Seatrium and Golar…
Danish offshore wind farm developer Orsted reported on Thursday a second-quarter core profit above forecast and maintained its financial outlook for the year.Orsted expanded rapidly over the past decade, but more recently faced higher costs from supply chain disruption and inflation…
State-controlled Petrovietnam Gas is sounding out suppliers for a possible tender to procure liquefied natural gas under a five-year contract, according to a document reviewed by Reuters.If agreed, it would be Vietnam's second term contract after a deal with Shell earlier this year…
Borr Drilling reported lower revenue and adjusted earnings for the second quarter of 2026 as rig transitions, higher operating costs and delays getting the Odin to work weighed on results.The jack-up drilling contractor reported Q2 operating revenue of $232…
Lloyd's Register (LR) has appointed Wouter Pattynama as Executive Client Solutions Manager, Offshore, strengthening its offshore energy expertise and expanding support for clients across Australia, New Zealand and the wider Asia-Pacific region…
The U.S. Court of Appeals for the Fifth Circuit’s recent decision in Ruffin v. BP Exploration & Production, Inc., offers important guidance on expert testimony in toxic tort cases – particularly those arising from the Deepwater Horizon oil spill…
Wild Well Control has provided formal notice to conclude its Strategic Alliance Agreement with Oil Spill Response (Capping) Limited (OSRL), originally established in July 2020. In accordance with the terms of the agreement, the alliance will formally end on November 4…
ConocoPhillips has appointed Andy O'Brien as president and chief executive officer (CEO), succeeding Ryan Lance, who will retire from the role and assume the position of executive chair of the board in a transitional capacity.The company also…
Italian energy contractor Saipem's merger with Norwegian peer Subsea 7 may lead to price hikes and less innovation, EU antitrust regulators warned on Wednesday as they opened a full-scale investigation.The deal announced in February last year…
Workers at Inpex's Ichthys liquefied natural gas plant in Darwin have overwhelmingly backed a new pay deal that unions hope to replicate across Australia's offshore energy sector.The agreement is the first in what unions describe as a second wave of bargaining across the sector…