Malaysia’s Petra Energy has secured work orders worth $75 million (RM 298 million) for services linked to a gas project in Sarawak, Malaysia.The contracts were awarded to Petra Resources, a subsidiary of Petra Energy, by Petronas Carigali under an existing pan-Malaysia offshore services agreement…
Perenco has completed the acquisition of Saturn Banks assets in the U.K. Southern North Sea after receiving regulatory approval.The transaction, agreed with CalEnergy Resources, includes the purchase of CalEnergy North Sea Limited and CalEnergy Infrastructure Limited…
SLB has signed a three-year agreement with Azule Energy to expand the use of its enterprise digital platform across the company’s operations in Angola.The platform is expected to support execution reliability, accelerate decision-making and…
TotalEnergies has completed the merger of its U.K. upstream oil and gas business with NEO NEXT, creating a new company named NEO NEXT+ and taking a 47.5% stake in the combined entity.The deal establishes NEO NEXT+ as the largest independent oil and gas producer on the U…
Etu Energias has agreed to acquire stakes in offshore Blocks 14 and 14K in Angola from Azule Energy, after exercising pre-emption rights over the assets.Azule Energy, a joint venture combining the Angolan businesses of BP and Eni, said it signed…
Serica Energy has completed the acquisition of a 40% operated interest in the Greater Laggan Area and associated infrastructure from TotalEnergies, strengthening its position in the West of Shetland basin.The deal, first announced in September 2025…
Saudi Arabia’s drilling contractor Arabian Drilling has informed that some of its offshore rigs in the Persian Gulf have been temporarily suspended as a precautionary measure amid ongoing regional tensions, while its land operations remain unaffected…
Constellation Oil Services, an offshore oil and gas drilling services provider in Brazil, has reported adjusted EBITDA of $233 million for 2025, exceeding its initial guidance by 37%, driven by strong fleet utilization and improved contract economics…
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,…
AquaTerra Group has completed what it said is the first full-length internal repair of a seawater and drilling cuttings disposal caisson on an offshore production platform in the North Sea, using its C-Cure lining system.The project involved…
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…
Responding to the surge in global subsea cable investment driven by cloud computing and artificial intelligence, ABS has published its Technical Standard for Subsea Power Cables.Subsea power cable design, installation and operation pose unique challenges due to harsh marine environments…
Britain's Harbour Energy raised its 2026 output outlook on Thursday, citing a strong start to the year helped by early contributions from its newly acquired LLOG assets in the Gulf of Mexico.Harbour has been leaning on Wintershall Dea assets in Norway…
Underwater technology specialist Sonardyne has launched Observer, a new advanced monitoring system for real-time integrity management of subsea infrastructure across the offshore energy industry.Observer combines high and low frequency motion and position monitoring…
Industrial services provider Bilfinger has secured two maintenance contracts in the United Kingdom, covering offshore operations at Ithaca Energy’s Cygnus gas field and onshore services at the St Fergus SAGE Terminal operated by Wood.The first…
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