OMV Petrom and its partners have completed drilling of the Krum-1 exploration well in the Han Asparuh Block offshore Bulgaria, but did not encounter significant gas volumes.The well, drilled to a depth of around 3,500 meters in the Black Sea, is the second exploration well completed in the block following the Vinekh well.Drilling operations began in February and were carried out using Noble Corporation’s Globetrotter I ultra-deepwater drillship…
Unmanned robotics services provider DroneQ Robotics and offshore support and vessel management Mark Offshore have struck a deal on the latter's new fleet addition 'R/V Mintis.' Mark Offshore manages and operates the DP1 ROV Support & Survey vessel…
Eco Wave Power has completed its wave energy pilot project at the Port of Los Angeles, submitting a final report to Shell International Exploration and Production and concluding a development program launched in 2024.The project, located at AltaSea in the Port of Los Angeles…
Offshore drilling contractor Borr Drilling has secured new contract commitments and extensions for four of its premium jack-up rigs across Africa, the Americas, Europe and Southeast Asia.In West Africa, the Prospector 5 rig has received a binding…
Arcius Energy, a joint venture between BP and ADNOC, has taken a final investment decision to develop the Harmattan gas field in Egypt’s El Burg Offshore concession.The investment, estimated at approximately $500, marks one of Arcius’ first…
Oil prices climbed nearly 7% on Thursday after President Donald Trump said the U.S. would continue attacks on Iran, stoking fears of prolonged disruptions to oil supply.Brent crude futures LCOc1were up $7.65, or 7.6%, to $108.81 per barrel at 0902 GMT…
EnQuest has signed a production sharing contract (PSC) for the Cendramas block offshore Malaysia, marking its entry into Southeast Asia.The agreement, awarded by Petronas through Malaysia Petroleum Management, will see EnQuest hold a 25% participating…
Oil supply disruptions from the Middle East will rise in April and begin to impact Europe's economy as the closure of the Strait of Hormuz severely curbs supplies, International Energy Agency head Fatih Birol said on Wednesday.More than 12 million…
Oil and gas producer Energean is spending about $10 million a month to keep its shut-in Israeli offshore operations on standby, and its more than $1 billion Katlan project will be delayed if the Iran war lasts beyond May, its CEO told Reuters…
Teledyne Geophysical Instruments, a division of Teledyne Marine, has announced that eXtreamer, its advanced small form factor seismic streamer, has received a 2026 Spotlight on New Technology Award, from the Offshore Technology Conference (OTC)…
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…
A committee of senior officials in President Donald Trump's administration voted on Tuesday to exempt the Gulf of Mexico oil and gas industry from a federal law meant to protect endangered species including whales, birds and sea turtles.The decision…
Located in Sydney, Nova Scotia, Canada, the Atlantic Canada Bulk Terminal (ACBT) has undergone a transformation to adapt its facilities to the evolving needs of the offshore wind industry. This evolution is vital for future Canadian Offshore Wind developments…
Prysmian, a leader in energy and data wire and cabling solutions, recently announced changes to its leadership structure in North America to further strengthen the company’s market position in the region. 2025 marked the best year yet for Prysmian…
Romania is hindering further offshore gas exploration in the Black Sea by not auctioning off new blocks, the chief executive of an offshore gas project said on Tuesday.The European Union and NATO member has an estimated 200 billion cubic metres…
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