Latest News - page 16

 

Qatar Offers LNG Tankers for Lease as Export Plant Remains Shut

Mar 06, 2026

Qatar is offering at least two liquefied natural gas tankers that it controls for lease, as the country’s massive export facility in the Gulf remains shut due to the ongoing war in the Middle East, Bloomberg News reported on Friday.The Al Thumama and Mesaieed…

IPAA Responds to Interior's Rollback of Offshore Financial Assurance Rule

Mar 05, 2026

The Independent Petroleum Association of America (IPAA) has released a statement on the announcement from the United States Department of Interior on the intent to rollback the Biden Administration's offshore rule requiring companies to set…

Remazel Expands Offshore Services Footprint in Brazil with H Tech Acquisition

Mar 05, 2026

Fincantieri subsidiary Remazel has completed the acquisition of Brazilian offshore services firm H Tech Serviços e Manutenção Ltda., strengthening its presence in one of the world’s fastest-growing offshore oil and gas markets.The deal gives Remazel full ownership of H Tech…

PALFINGER to Deliver Offshore Cranes for Formosa 4 Wind Farm

Mar 05, 2026

PALFINGER has secured a contract to supply offshore cranes for the Formosa 4 offshore wind farm in Taiwan, expanding the company’s presence in the region’s offshore wind market.The project will mark PALFINGER’s eleventh offshore wind development…

Lamprell Secures ONGC Deal for Subsea Pipeline Replacement Project

Mar 05, 2026

Lamprell has secured a contract by Oil & Natural Gas Corporation (ONGC) to deliver the Pipeline Replacement Project PRP-IX covering multiple offshore fields in India.The contract includes the replacement and installation of about 285 km of subsea…

OceanPact-CBO Merger to Form 73-Vessel Fleet

Mar 05, 2026

Brazilian firms OceanPact and CBO have announced plans to combine their businesses, creating what the companies described as the country’s most comprehensive integrated fleet and services platform for the offshore sector.The transaction will…

Chevron Hires Hanwha Ocean for Leviathan Expansion Module Fabrication

Mar 05, 2026

Hanwha Ocean has been awarded a module fabrication contract for the Leviathan Expansion Project by Chevron Mediterranean, supporting plans to increase production from the offshore gas field in Israel.The project involves fabrication of additional…

Harbour Energy Lifts Production Forecast After US Gulf Deals

Mar 05, 2026

Britain's Harbour Energy raised its 2026 output outlook on Thursday, citing a strong start to the year helped by early contributions from its newly acquired LLOG assets in the Gulf of Mexico.Harbour has been leaning on Wintershall Dea assets in Norway…

China’s Five-Year Plan Focuses on Oil Stability, Gas and Reserves Growth

Mar 05, 2026

China set an annual oil output target of 200 million metric tons (4 million barrels per day) in its next five-year plan on Thursday, a level it already surpassed last year, as the country also pledged to expand the size of its undisclosed strategic oil reserves…

Oil Surges 3% on Supply Concerns as Iran Conflict Escalates

Mar 05, 2026

Oil prices surged more than 3% on Thursday, extending a rally as the escalating U.S.-Israeli war with Iran raised fears of prolonged disruptions to vital Middle East oil and gas supplies.Brent LCOc1 crude advanced $2.44, or 3%, to $83.84 per barrel by 0722 GMT…

Oil companies reject Trump Administration's Alaska Offshore Auction

Mar 04, 2026

The Trump administration sold more than 400,000 acres (406,876 hectares) of land in Alaska's Cook Inlet on Wednesday, but no oil and gas drillers showed up. They refused to make a bid.The One Big Beautiful Bill Act of U.S. president Donald Trump…

Port of the Future 2026: A Look Back, a Path Forward

Mar 04, 2026

A Quick Q&A with Port of the Future Founder and Event Director Kevin Clement on key differentiators and the value of attending, exhibiting and speaking at Port of the Future 2026:CLICK HERE to discover the conference line-up and to register for Port of the Future 2026 in Houston…

Hydromea, Equinor Achieve World’s First Wireless Broadband Data Transfer from Seabed to Cloud

Mar 04, 2026

Hydromea, together with Equinor, has announced the world’s first demonstration of real-time, high-bandwidth wireless data transmission from the ocean floor directly to the cloud. This milestone marks an advancement in subsea asset monitoring and the digitalization of the offshore energy sector…

Kongsberg Maritime, Seadrill, Hanwha Drilling to Develop Remote Dynamic Positioning Technology

Mar 04, 2026

Seadrill Limited, an offshore drilling contractor, Kongsberg Maritime AS, a global technology leader, and Hanwha Drilling, a provider of offshore drilling services, announced a strategic alliance to develop the next generation of remote Dynamic Positioning (DP) technology in offshore drilling…

CHC Helicopter Wins Equinor’s Crew Change Contract for Brazilian Field

Mar 04, 2026

CHC do Brazil, part of CHC Helicopter, has been awarded a contract by Equinor to provide crew change support for the Bacalhau field offshore Brazil.The contract began at the start of February 2026. Under the agreement, CHC is operating an S…

Current News

Shell in Talks with Venezuela for More Gas Areas

Shell in Talks with Venezuela

Teledyne eXtreamer for Seismic Data Receives 2026 Spotlight on New Technology Award

Teledyne eXtreamer for Seismic

Iran War Reshapes Global LNG Trade

Iran War Reshapes Global LNG T

US Exempts Gulf of Mexico Drillers from Endangered Species Rules

US Exempts Gulf of Mexico Dril

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