The International Energy Agency on Wednesday agreed to release a record 400 million barrels of oil from strategic stockpiles to combat a spike in global crude prices since the start of the U.S.-Israeli war with Iran, with the U.S. contributing the bulk of the supply…
OneSubsea, a joint venture between SLB, Aker Solutions, and Subsea7, has secured an engineering, procurement and construction (EPC) contract by Thai’s PTT Exploration and Production Public Company Limited (PTTEP) for subsea production systems at a deepwater project offshore Malaysia…
Lighting company Glamox has secured a contract to supply marine lighting systems for the Shinan Ui offshore wind farm, set to become South Korea’s largest offshore wind project.The contract was awarded by SHE on behalf of Hyundai Engineering & Steel Industries (HESI)…
G7 energy ministers stopped short of agreeing on a release of strategic oil reserves on Tuesday and instead asked the International Energy Agency to assess the situation before acting.The IEA said it was convening an extraordinary meeting of its member states on Tuesday…
The economic risks of the world’s heavy dependence on oil and gas have been laid bare twice in four years - first with Russia’s invasion of Ukraine and now with the U.S.-Israeli war on Iran - undermining U.S. President Donald Trump’s flagship push to double down on fossil fuels…
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…
Sunda Energy, through its subsidiary SundaGas Banda Unipessoal, has been awarded an environmental license for the drilling of the Chuditch-2 appraisal well offshore Timor-Leste.SundaGas operates the TL-SO-19-16 production sharing contract in the country’s offshore waters…
Oil prices plummeted 7% on Tuesday after soaring to a more than three-year high in the previous session as U.S. President Donald Trump predicted the war in the Middle East could end soon, easing concerns about prolonged disruptions to oil supplies…
Valeura Energy has completed an infill drilling campaign at the Manora field in the Gulf of Thailand, bringing three new wells online and increasing oil production from the asset.The campaign was carried out from the Manora A platform on Block G1/48…
Mitsui O.S.K. Lines (MOL) has agreed to jointly own two commissioning service operation vessels (CSOVs) with Cyprus-based shipping company Schoeller Holdings, marking the Japanese company’s first entry into the European offshore wind support vessel market…
Wind turbine maker Vestas on Monday agreed to cooperate with Japan's industry ministry to establish a nacelle assembly facility in the country by the fiscal year of 2029 and may create a full nacelle production facility a decade later, the ministry said…
Governments scrambled to limit the impact on economies and consumers from the widening Iran war, which fuelled a record surge in oil prices on Monday after key producers cut output and Tehran signalled that hardliners would remain in charge…
Deutsche Offshore Schifffahrt (DO) has started construction of a new fleet of construction commissioning service operation vessels (C-CSOVs), with the first steel cut for the lead vessel DO Joule at CSSC Huangpu Wenchong Shipyard in Guangzhou…
PALFINGER has secured a contract to supply offshore cranes for the Formosa 4 offshore wind farm in Taiwan, expanding the company’s presence in the region’s offshore wind market.The project will mark PALFINGER’s eleventh offshore wind development…
Lamprell has secured a contract by Oil & Natural Gas Corporation (ONGC) to deliver the Pipeline Replacement Project PRP-IX covering multiple offshore fields in India.The contract includes the replacement and installation of about 285 km of subsea…
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