Sunda Energy, the AIM-quoted exploration and appraisal company focused on gas assets in Southeast Asia, has pushed back the drilling of appraisal well Chuditch-2, offshore Timor-Leste, for the first half of 2026.Chuditch-2 appraisal well on the Chuditch field in the TL-SO-19-16 Production Sharing Contract (PSC), planned for drilling by the company's wholly owned Timor-Leste subsidiary SundaGas Banda Unipessoal in the second half of 2025…
Borr Drilling’s Board of Directors has reached a unanimous decision to appoint Bruno Morand as successor to CEO Patrick Schorn, effective September 1, 2025.Schorn will become Executive Chairman of the company’s Board of Directors, while current…
French tubular solutions supplier Vallourec has secured a large contract to supply Oil Country Tubular Goods (OCTG) for drilling operations in Qatar, valued at over $50 million in potential revenue.The agreement includes the supply of carbon steel OCTG products with premium connections…
Oil market participants have switched to dreading a shortage in fuel from focusing on impending oversupply in just two days this week.After Israel attacked Iran and Tehran pledged to retaliate, oil prices jumped as much as 13% to their highest…
Eco (Atlantic) Oil & Gas, an Atlantic Margin-focused oil and gas exploration company, has completed the farm-in agreement in the Orange Basin block, securing the full operatorship and exploration rights offshore South Africa.Eco has now secured…
Fishing companies and offshore wind opponents filed a lawsuit on Tuesday challenging the Trump administration's decision to reverse course and allow construction to resume on Empire Wind, a $5 billion wind farm project off New York's coast.Protect Our Coast New Jersey…
Inyanga Marine Energy Group awarded the fabrication contract to build its HydroWing tidal energy device to Hutchinson Engineering.The 20 MW HydroWing tidal energy array will be deployed at Morlais off Anglesey in Wales, one of the largest consented tidal energy projects in Europe…
Equinor has extended a partial outage at Norway's Troll natural gas field until May 31 due to a compressor failure, the company said in a regulatory filing on Monday, pushing European gas prices higher.Norway in 2022 overtook Russia as Europe's…
Energy major Shell expects several traditional LNG exporter nations to turn into net importers, driving demand for the super chilled fuel and potentially easing concerns that the industry faces oversupply from a raft of planned new projects…
Equinor and Polenergia have reached financial close for the Bałtyk 2 and Bałtyk 3 projects, securing two project financing packages of over $3.4 billion for each offshore wind farm.The offshore wind projects were awarded Contracts for Difference (CfD) in 2021…
The earliest wind farms installed in the EU are coming to the end of their planned 20-30-year lifespans.Current guidance, such as Article 60(3) of the United Nations Convention on the Law of the Sea and the OSPAR Commission’s Decision 98/3,…
Green Marine UK is poised for growth as one of the most experienced players in the UK’s rapidly expanding marine energy sector, as studies underscore the potential of wave and tidal technologies.With a track record delivering complex marine operations…
The offshore rig market recovery appears to have taken a pause, with demand tapering off and marketed utilization hitting the lowest levels recorded since recovery began in 2021. A variety of factors have contributed to this – including Saudi…
Noble Corporation’s recent decision to sell the Pacific Meltem and Pacific Scirocco for non-drilling purposes highlights a key issue in the drillship market: What happens to cold-stacked rigs that are unlikely to return to work? With the floater…
Chinese offshore oil and gas major CNOOC first-quarter net profit fell 7.9%, weighed down by weaker oil prices, though higher output helped stem the decline.Net income for January-March was 36.56 billion yuan ($5.03 billion), versus 39.7 billion yuan in the same period last year…
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