South Korea's Taihan Cable & Solution has signed separate memoranda of understanding with Belgium's Jan De Nul and Dutch marine contractor Boskalis to cooperate in the high-voltage direct current (HVDC) subsea cable sector.Under the agreements…
TGS has secured a streamer acquisition contract in the Africa and Middle East region for a 3D seismic survey campaign.The energy data and intelligence company said a 3D Ramform vessel is scheduled to begin acquisition work in early September 2026…
Serica Energy has completed the acquisition of a 10% interest in the Catcher field and a 5.21% interest in the Golden Eagle Area Development (GEAD) from ONE-Dyas.The acquisition, first announced in September 2025, further diversifies Serica's…
SLB has signed a long-term framework agreement with Venezuela's state oil company PDVSA to support the modernization and development of the country's oil and gas sector.The memorandum of understanding establishes a framework for cooperation across exploration…
Three more liquefied natural gas tankers have exited the Strait of Hormuz with their transponders off and are bound for destinations in Asia, although the exact timing of their transit is unclear, ship-tracking data from LSEG and Kpler showed…
The United States has become the world's largest oil exporter, upending a decades-old order long dominated by Saudi Arabia and Russia, a shift that tightens American companies' grip on energy markets as Washington's war with Iran reshapes global energy trade…
Mitsui O.S.K. Lines (MOL) and Japan Airlines (JAL) have entered into an agreement with Lloyd's Register and U.S.-based REGENT Craft to jointly develop certification and operational approval processes for REGENT's fully electric Seaglider vessel…
COSCO Shipping Specialized Carriers has completed the transport and float-over installation of an offshore converter platform for the Qingzhou V & VII offshore wind project, a key milestone in what the company described as the world's first…
PXGEO has signed a one-year framework agreement with Equinor to conduct autonomous subsea inspection trials using Saab's Sabertooth Underwater Intervention Drone (UID) technology.The agreement will see the companies test and verify autonomous inspection capabilities…
TGS has signed an agreement with Equatorial Guinea's Ministry of Hydrocarbon and Mining Development to create a large-scale offshore multi-client seismic dataset, marking the first phase of what is planned to become a nationwide MegaSurvey covering the country's offshore basins…
EnQuest has agreed to acquire interests in four offshore production sharing contracts (PSCs) in Malaysia for up to $833 million, a deal that would significantly increase the independent energy company's production, reserves and cash flow.The…
Egypt's Minister of Petroleum and Mineral Resources said on Wednesday that the full settlement of arrears owed to oil and gas partners marked a turning point for the sector.Badawi added that the achievement, which reduced arrears to zero from about $6…
Oil prices were steady on Wednesday, as renewed U.S.-Iran hostilities muddied direction, though a forecast U.S. stock draw offered support.Brent futures LCOc1 were up 25 cents, or 0.27%, to $91.70 a barrel at 0736 GMT, while U.S. West Texas Intermediate crude CLc1 was up 23 cents…
Shell and its partners QatarEnergy and Namibia's national oil company NAMCOR have reported encouraging results from the Merlin-1X exploration well in Petroleum Exploration License 0039 (PEL 0039) offshore Namibia, with the well delivering the…