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Global Businesses Face Mounting $25 Billion Fallout From Iran War

May 18, 2026

The U.S.-Israeli war with Iran has already cost companies around the world at least $25 billion - and the bill is climbing, according to a Reuters analysis.A review of corporate statements since the start of the conflict by companies listed in the United States…

Seiche Leads Pilot Study to Assess Piling Noise Offshore

May 19, 2026

Seiche, in collaboration with a consortium of leading marine science organizations, is delivering a pilot program to assess the feasibility and effectiveness of proposed underwater noise limits from pile driving during the construction of offshore wind farms…

ABL Nets Brazil Job Tied to Mero Offshore Oil and Gas Projects

May 14, 2026

ABL Energy & Marine Consultants Brasil has been appointed marine warranty surveyor (MWS) for Subsea7’s transportation and installation campaign covering SURF infrastructure for the Mero 3 and Mero 4 offshore developments in Brazil’s Santos Basin…

Oil Prices Edge Higher Amid Uncertainty Over Iran Deal

May 12, 2026

Oil prices rose nearly 1% on Tuesday as talks to end the U.S.-Israeli war on Iran appeared fragile, with Tehran's response to a Washington proposal highlighting stark differences that have kept supply concerns alive.Brent crude futures were up 86 cents…

ADNOC Drilling Posts Record First-Quarter Results with 5% Revenue Rise

May 11, 2026

ADNOC Drilling has reported its strongest-ever first-quarter performance, supported by high fleet utilization, growth in integrated drilling services and long-term contract coverage across its operations.The UAE-based drilling contractor posted first-quarter revenue of $1…

Hard-to-Abate Reality Check: DNV on CCS Growth, Costs, and the Policy Gap

May 13, 2026

Carbon capture and storage (CCS) has moved beyond theoretical climate modelling into the realm of infrastructure planning, capital allocation, and regulatory design. DNV’s latest Energy Transition Outlook for CCS characterizes 2025 as a critical year…

Op-Ed: Why Wave Energy Must Be the UK’s Next Great Green Frontier

Apr 28, 2026

The following article is an op-ed piece from CorPower Ocean, UK Marine Energy Council, Ocean Energy Europe and Professor Henry Jeffrey, Head of Policy and Innovation Group, University of Edinburgh.As an island nation with more than 11,000 miles of coastline…

CNOOC’s First Quarter Profit Rises on Higher Oil Prices, Output

Apr 29, 2026

China's CNOOC posted a 7.1% rise in first-quarter net profit on Tuesday as the Iran war pushed up global oil prices and the offshore oil and gas major increased its production.Net income for the January-to-March period was 39.14 billion yuan ($5…

Shell Profit Tops Forecasts at $6.9B on Middle East War Trading Gains

May 07, 2026

Shell's first-quarter profit beat estimates and hit its highest in two years at $6.9 billion on Thursday, boosted by gains linked to the Middle East war, leading the company to raise the dividend by 5%.At the same time, it slowed its quarterly share buyback programme to $3 billion from $3…

BlueNord Reports Record Quarterly Production

May 04, 2026

BlueNord has announced its financial results for the first quarter of 2026, delivering another quarter of strong operational and financial performance.Highlights include:• Net hydrocarbon production of 43.1 mboepd (42.2 mboepd in Q4 2025)• Revenues…

Tidewater Reports Revenue Decline in First Quarter

May 04, 2026

Tidewater Inc. has announced a revenue drop for the three months ended March 31 of $326.2 million compared with $333.4 million for the three months ended March 31, 2025.Tidewater's net income for the three months ended March 31, 2026, was $6…

BP Profit Surges to $3.2B on Iran War-Driven Trading Gains

Apr 28, 2026

BP's first-quarter profit more than doubled year-on-year to $3.2 billion - its highest in two-and-a-half years - the British oil major reported on Tuesday, beating expectations after the Iran war helped boost oil trading results.The spike in…

RWE Inks Long-Term PPA with Breedon for UK Offshore Wind Farm

Apr 29, 2026

RWE has signed a 15-year power purchase agreement (PPA) with Breedon Group to supply renewable electricity from its wind portfolio to the construction materials company’s operations in UK.Under the deal, RWE will provide around 70 gigawatt hours of electricity per year…

Galp’s Core Profit Surges 41% on Higher Oil Output

Apr 27, 2026

Portugal's Galp Energia reported a 41% jump in first-quarter adjusted core profit on Monday, beating expectations on higher oil output in Brazil and stronger crude prices.The energy firm reported adjusted earnings before interest, taxes, depreciation…

Exxon Beats Q1 Earnings Estimate

May 01, 2026

Exxon Mobil beat estimates for adjusted earnings on Friday, helped by higher output in Guyana and the Permian Basin, though unadjusted profit dropped to its lowest level in five years due to global supply disruptions from the Iran warthat the company's CEO cautioned could worsen in coming months…

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