Equinor and its partners have drilled a dry well in the Skoll and Hati prospects, east of the Visund field in the North Sea.Wildcat well 34/8-A-37 H was drilled in production license 120, 140 kilometers west of Florø and four kilometers east of the Visund A platform…
Canada-based oil and gas company Valeura Energy has signed an agreement with Shelf Drilling to chart the Shelf Drilling Enterprise jack-up rig for a three-year term through the end of 2029.The rig, owned by Shelf Drilling (Southeast Asia), a subsidiary of ADES Holding Company…
Italy’s Saipem has secured a limited notice to proceed contract worth about $150 million by ExxonMobil Guyana for work on the Longtail development.The contract covers preliminary engineering and procurement activities for subsea structures, umbilicals…
Offshore services provider Bourbon has expanded its fleet with 13 vessels valued at more than $180 million since the start of 2026, as it seeks to strengthen its position in offshore markets, the company said.Ten of the vessels are already under contract…
Malaysia-based offshore support vessel (OSV) provider Nam Cheong has sold two vessels for $36.7 million, including its first newbuild sale in more than a decade.The transactions include a newly built multi-purpose support vessel (MPSV) and a 120-tonne anchor handling tug supply (AHTS) vessel…
Oil prices jumped on Wednesday with Brent trading above $100 a barrel, erasing earlier losses following reports of gunfire attacks on at least three container ships in the Strait of Hormuz.Brent crude futures LCOc1 were up $1.59, or 1.6%, at $100…
The European Commission will set out plans on Wednesday to cut electricity taxes and coordinate the summer refill of countries' gas storage, as it seeks to cushion the energy fallout from the Iran war.Draft proposals seen by Reuters show the EU will…
While oil demand destruction deepens with each passing day the Strait of Hormuz remains closed, the longer‑term impact of the Iran war may paradoxically work in oil’s favour. Spiking energy security concerns and greater fragmentation could lead to a less efficient…
A federal judge on Tuesday blocked President Donald Trump's administration from enforcing a series of permitting policies that wind and solar energy industry groups say have stymied the development of new energy generation projects.Chief U.S…
Dutch marine contractor Van Oord has completed the transport and installation of monopile foundations and transition pieces for Baltic Power, Poland’s first offshore wind farm.The project, developed by ORLEN and Northland Power, will have a planned capacity of up to 1…
Vaalco Energy has achieved strong initial results from a development well offshore Gabon and remains on track to restart production at its Baobab field in Côte d’Ivoire in the second quarter of 2026.The company said the Etame 14H well has been drilled…
ScottishPower, part of Iberdrola, and Masdar have installed the first turbine at the $5.4 billion (£4 billion) East Anglia THREE offshore wind farm, marking a U.K. record with blades measuring 115 meters.The blades are the largest manufactured and installed for a project in U…
Stillstrom, a unit of A.P. Moller - Maersk, has launched two offshore charging systems aimed at supporting vessel electrification in the offshore wind sector.The new solutions, Power Hub and Power Tower, are designed as standalone systems that…
Austria’s OMV has appointed Emma Delaney as Chairwoman of the Executive Board and Chief Executive Officer (CEO) effective September 1, 2026, becoming the first female to lead the company.Delaney will succeed Alfred Stern, whose mandate is set to conclude as planned on Augugst 31…
The conflict between Iran and the United States and Israel is creating the worst energy crisis ever faced by the world, the head of the International Energy Agency (IEA) said on Tuesday.'This is indeed the biggest crisis in history,' Birol told…
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