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…
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…
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…
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…
A Dutch climate activist group launched a new court case against Shell on Tuesday in the Netherlands, demanding that the British energy major immediately end its investments in new oil and gas projects.Like a number of its peers seeking to capitalise…
Norway's combined oil and gas production exceeded an official forecast by 2.8% in March, the Norwegian Offshore Directorate (NOD) said on Tuesday.Norway is Europe's largest supplier of natural gas and a major producer of oil, but output varies…
Mermaid Subsea Services (UK) has extended its contract for the subsea support vessel Island Valiant, reinforcing its position in the North Sea decommissioning market.The vessel has supported Mermaid’s operations in the region for the past three years…
Norwegian oil and gas firm OKEA has agreed to sell its 20% working interest in the PL1119 license, which contains Mistral discovery, to Japex Norge for $30 million.The transaction, effective from January 1, 2026, is subject to customary government…
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…
The stop-start shipping traffic through the Strait of Hormuz underscores the profound uncertainty hanging over the world’s most critical oil and gas chokepoint. But one thing is already clear: even if the guns fall silent, flows through the…
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