TGS has secured exclusive rights from the Petroleum Authority of Brunei Darussalam to undertake a multi-client 3D seismic survey offshore Brunei.The contract covers the acquisition, processing and marketing of new 3D seismic data under a multi-client model…
SBM Offshore has secured project financing worth $465 million for the Chalchi floating storage and offloading (FSO) vessel, being built for Woodside Energy's Trion project offshore Mexico.The financing has been provided by a consortium of international…
Norwegian shipbuilder Vard has delivered a hybrid construction and cable laying vessel (CLV) to Japan's Toyo Construction, marking its first vessel delivery to the Japanese offshore wind market.The vessel was handed over at Vard Langsten in Norway on June 26…
Vestigo Petroleum, a subsidiary of Petronas Carigali, has contained a fire that broke out at its West Lutong Vent A (WLV-A) facility offshore Sarawak in Malaysia and launched an investigation into the cause of the incident.The fire occurred at about 2:00 p…
Eni and Libya's National Oil Corporation (NOC) have started production from the Sabratha Compression Project offshore Libya, a development aimed at sustaining and increasing gas output from the Bahr Essalam field.The project, developed through the Mellitah Oil & Gas joint venture…
SBM Offshore has signed a contract with Shanghai Waigaoqiao Shipbuilding (SWS) and China Shipbuilding Trading (CSTC) for the construction of its seventh generic Fast4Ward Multi-Purpose Floater (MPF7) hull.The MPF7 will use SBM Offshore's proprietary…
Around 1,000 Norwegian oil service workers were locked out on Saturday morning in an escalation of a labour dispute that is expected to disrupt drilling and some production on the Norwegian continental shelf.The lockout was declared in response…
Crude prices may be back near levels seen before the Iran war, but the surge in oil exports from the Middle East following the reopening of the Strait of Hormuz is creating a chaotic market that could take months to settle.The steep slide in…
Oil prices steadied on Monday as Iran and the United States agreed to halt recent hostilities in the Gulf and Middle East producers pushed ahead with loading oil and liquefied natural gas despite fresh ship attacks.The two countries also agreed to renew talks over the Strait of Hormuz…
TDI-Brooks has successfully completed a 2D high-resolution shallow hazard seismic survey offshore Trinidad & Tobago. The acquired and processed lines support de-risking efforts for a planned offshore cluster installation, as well as the subsequent drilling of wells from this structure…
While oil and gas are once again flowing through the Strait of Hormuz, the closure of the vital waterway for over 100 days could prove to be a turning point in global energy markets. The Arab oil embargo of 1973, a similarly disruptive supply shock…
Equinor has decided to end its offshore wind business activities in Japan, where it has been since 2018 but has failed to win any leases in successive auctions, and close its Tokyo office by the end of 2026.Orsted, the world's largest offshore wind developer…
Aker Solutions signed a 'sizeable. ($50m to $150m by the company's definition) five-year agreement with Cenovus Energy Inc. for engineering and maintenance services on White Rose field assets.The White Rose field is located approximately 350 km east of St…
DOF Group ASA has, through its North America subsea region, been awarded a very large contract for Skandi Involver. Commencement of the contract will be early Q3 2026 and the duration is three years firm plus two one-year options. Under the agreement…
Crude prices plunged by more than 3% on Friday, on course for steep weekly losses, on easing supply concerns as more stranded oil tankers exited the Strait of Hormuz, even though a cargo vessel was hit near Oman on Thursday.Brent crude futures fell $2…
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