Borr Drilling has entered into definitive agreements to acquire five premium jack-up rigs from Fontis Finance for a purchase price of $287 million.The acquisition will be completed through BC Ventures Limited, a newly established 50/50 joint…
Energy data and intelligence specialist TGS has completed the three-year GeoStreamer X (GSX) acquisition and processing campaign in the Norwegian Sea, culminating in the delivery of the final Dual Azimuth products to clients.With the campaign completed…
Two Indian-flagged liquefied petroleum gas tankers are preparing to sail through the Strait of Hormuz in coming days after a pause in voyages, with no crude oil tankers having transited the waterway in the past 24 hours, according to shipping data and sources…
Norway’s IKM Gruppen has acquired Hendrik Veder Group, headquartered in Rotterdam.The combined entity will operate under the new name IKM Hendrik Veder.Hendrik Veder Group brings a distinguished 225-year legacy, making it one of the oldest maritime enterprises in the Netherlands…
Next Geosolutions has finalized financing to support the acquisition of a new offshore vessel, strengthening its fleet and subsea service capabilities as demand grows in the offshore energy sector.The Italy-based marine geosciences and offshore…
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…
Brazilian state-run firm Petrobras said on Monday it had decided to 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,…
Ukraine's Naftogaz, which discovered 'substantial' offshore gas reserves in the Black Sea before Russia's invasion, is in talks with Romania's OMV Petrom to form a partnership relating to the field, three industry sources told Reuters.The sources…
OneSubsea, a joint venture between SLB, Aker Solutions, and Subsea7, has entered into an agreement to acquire the subsea business of Norway-based Envirex Group.The acquisition is expected to add Envirex’s specialized technologies and research…
The drilling results from Shell’s Sirius 1X exploratory well in the Mediterranean Sea offshore Egypt have shown encouraging initial indications, Egypt’s Ministry of Petroleum and Mineral Resources said in an update.The well is operated by Shell…
Iranian crude oil has continued to flow through the Strait of Hormuz at a near-normal pace even as Tehran-linked attacks on ships in the narrow waterway have decimated exports from other Gulf countries, a Reuters review of tanker tracking data showed…
Kongsberg Discovery has secured the first commercial order for its Kongsberg Listen electromagnetic sensing solution, with subsea services provider DOF selecting the technology for deployment on a HUGIN autonomous underwater vehicle (AUV).The new HUGIN vehicle…
Energean has agreed to acquire Chevron’s interests in two producing offshore blocks in Angola, marking the company’s entry into the West African upstream sector.The agreement covers Chevron’s 31% operated interest in Block 14 and a 15.5% non-operated interest in Block 14K…
Major industry announcements and new product launches continued to drive significant visitor numbers and plentiful business activity as Oceanology International 2026 (Oi26) surpassed expectations on the second day at Excel London.Among the companies taking center stage…
Viridien has announced a new regional multi-client data initiative for the offshore basins of India, designed to deliver enhanced, data-driven exploration capabilities to industry operators.The initiative will start with Phase 1 Mahanadi Basin…