TGS and Geophysical Technology Inc. (GTI), a global provider of seismic recording technology and services, have announced a strategic collaboration agreement to jointly pursue seismic acquisition projects spanning shallow water, transition zone…
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…
The Norwegian Offshore Directorate has reported that Aker BP and Equinor have drilled a dry exploration well, 15/6-17, in the Svarteknippa prospect in the North Sea.The prospect is located 15 kilometers west of the Solveig field and 220 kilometers west of Stavanger…
NOV recently achieved a milestone in that effort with the commissioning of the iNOVaTHERM™ portable drilling fluids treatment unit in Guyana—the first installation of this technology in the Western Hemisphere.The iNOVaTHERM unit is an indirect…
Delfin LNG has awarded the offshore geophysical and geotechnical survey services for the Delfin Deepwater Port Project, located offshore Louisiana, to TDI-Brooks. Under this award, TDI-Brooks will serve as the prime contractor, executing the full scope of work…
Fugro Survey India has been awarded a three-year contract by Vantage International Management Company to provide remotely operated vehicle (ROV)-based deepwater drill support services for ONGC's offshore drilling operations in India.Under the contract…
KOIL Energy Solutions has entered into a strategic alliance with consultancy Pipeline Network to expand its presence, operational capabilities and customer support across the Eastern Hemisphere.The alliance combines KOIL Energy's subsea technology…
Noble Corporation has installed a Stemless Gate Valve (SGV) on its Noble BlackHornet drillship, introducing a dedicated wellbore sealing system designed for managed pressure drilling operations.The technology, developed with Kinetic Pressure Control…
Offshore drilling contractor Odfjell Drilling has returned to service its Deepsea Atlantic rig semi-submersible rig following an equipment handling incident in April that left the unit off hire for 106 days.The company said the rig resumed operations…
DOF Group has secured long-term contract extensions with Petrobras for the Skandi Buzios and Skandi Recife pipelay support vessels (PLSVs), extending both contracts into January 2028.Following negotiations with Petrobras, Skandi Buzios was awarded a 516-day extension…
DOF Group ASA has been awarded firm contracts with a duration of more than 1 year and expected commencement in Q1 of 2027 for two of its AHTS vessels. The expected value of each contract is Significant, which DOF defines as contracts with value between USD$15 and 25 million.
Azule Energy, jointly owned by Eni and BP, has started construction of the topside process modules for the Greater PAJ floating production, storage and offloading (FPSO) vessel, with the first steel cutting ceremony held at Haiyang CIMC Raffles' Haiyang yard in China…
BP has started production from its Atlantis Major Facility Expansion project in the U.S. Gulf of America, adding new water injection capacity to boost oil recovery and extend the life of one of the company's flagship offshore assets.The project adds two new subsea water injection wells…
Oil futures prices fell over 3% on Friday but are still set for hefty weekly gains because of concerns about disrupted energy flows in the Red Sea and fears of further escalation in the U.S.-Israeli war with Iran.Brent futures LCOc1 fell nearly $4…
As global geopolitical tensions and concerns over the security of critical subsea infrastructure, including offshore wind farms and subsea cables, continue to grow, leading offshore developers and marine engineering companies are reassessing their procurement strategies…