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Odfjell Drilling Suspends Rig Ops Following Equipment Incident

Apr 20, 2026

Offshore drilling contractor Odfjell Drilling has reported an equipment handling incident on its Deepsea Atlantic rig, which caused a blowout preventer (BOP) to drop to the seabed and prompted a suspension of operations.The incident occurred on April 18 while running the BOP…

DeepOcean, Woodside Wrap Up Dual-Scope Subsea Survey at Sangomar Field

Apr 16, 2026

DeepOcean and Woodside Energy have completed a combined subsea inspection and 3D scanning campaign at the Sangomar field offshore Senegal.The campaign covered 69 subsea structures, including 17 subsea trees, using a methodology that allows inspection and 3D scanning to be performed simultaneously…

Transocean’s Drillship on Prolonged $445M Stay with Petrobras

Apr 15, 2026

Offshore drilling contractor Transocean has secured a contract extension for its Deepwater Corcovado drillship with Petrobras, adding about $445 million in backlog.The 1,156-day extension will begin in direct continuation of the rig’s current…

ExxonMobil, Energean, Helleniq Energy to Sign Contract for Exploratory Drilling Offshore Greece

Apr 14, 2026

U.S. oil major ExxonMobil, Energean and Helleniq Energy will sign a contract on Wednesday with Stena Drilling to start exploratory drilling in a western Greek offshore block, Greece's energy ministry said on Tuesday.ExxonMobil, Energean and…

CoreMarine, Jumbo Offshore Collaborate on Argentina FLNG Installation & Hook-up Project

Apr 13, 2026

CoreMarine & Jumbo Offshore have announced the award of a significant contract to perform the transport and installation of the soft-yoke (SSY) mooring systems, and hook-up of both the Hilli Episeyo FLNG and MKII FLNG vessels, in Argentina’s Golfo San Matías…

Shell Balances Gas Weakness with Oil Trading Gains

Apr 08, 2026

Shell said on Wednesday that weaker first-quarter gas output and a hit to short-term liquidity would be offset partly by stronger oil trading, offering an early glimpse into how the U.S.-Israeli war on Iranis reshaping oil majors' earnings.Global…

Seadrill’s West Polaris Drillship on Prolonged Stay with Petrobras off Brazil

Apr 06, 2026

Offshore drilling contractor Seadrill has secured a 1,095-day contract extension for the West Polaris drillship with Petrobras offshore Brazil, adding about $480 million to its backlog.The extension will see the ultra-deepwater drillship continue operations at the Búzios field in the Santos Basin…

Shell in Talks with Venezuela for More Gas Areas

Apr 01, 2026

Shell is in advanced talks with Venezuela's government to develop four large areas near Trinidad and Tobago, in two of the South American country's largest offshore natural gas fields, two people familiar with the discussions said.The London…

Iran War Reshapes Global LNG Trade

Apr 01, 2026

The U.S. and Israeli war against Iran has changed the global market for liquefied natural gas (LNG), providing a boost to producers outside the Middle East that will likely last long after the current conflict ends.One of the major beneficiaries is Australia…

Oil Sales from California’s Santa Ynez Pipeline Begin

Mar 30, 2026

Sable Offshore said on Monday it has begun selling oil from its Santa Ynez Pipeline System offshore California to Chevron, after resuming crude transportation earlier this month.Shares were up more than 3% in premarket trading.The pipeline system…

PRIO Brings Second Wahoo Well Online off Brazil

Mar 27, 2026

Brazilian independent oil and gas firm PRIO has brought a second producing well online at its Wahoo field offshore Brazil, with output stabilizing at 12,000 barrels of oil per day.The company said additional wells are scheduled to come online…

Cyclone Disrupts Australia’s Biggest LNG Plants, Strains Global Market

Mar 27, 2026

A powerful tropical cyclone in Western Australia has disrupted production at the country’s two biggest liquefied natural gas plants run by Chevron and Woodside, exacerbating a global supply crunch caused by the conflict in the Middle East.Australia…

Shell-Equinor JV Adura Signs $3B Financing Deal

Mar 24, 2026

Adura Energy, a joint venture between Shell and Equinor, has signed a $3 billion reserve-based lending (RBL) facility to support its future growth and energy supply ambitions in the United Kingdom.The seven-year, senior-secured facility is Adura’s…

Energean, ExxonMobil, Helleniq Energy Explore Block Offshore Greece

Mar 19, 2026

A joint venture by Energean, ExxonMobil and Helleniq Energy has notified Greece it would look for gas in a western offshore bloc, the nation's hydrocarbons management agency said on Thursday, a move that would involve the first test drilling in the country for decades…

Seadrill Awarded Contract Extension in Angola

Mar 16, 2026

Seadrill has announced that Sonadrill Holding, its 50:50 joint venture with an affiliate of Sonangol E.P., has been awarded a contract extension.A seven-well priced option for the ultra-deepwater drillship Sonangol Quenguela has been exercised…

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