Offshore drilling contractor Stena Drilling has secured a contract by Energean for an exploratory drilling campaign offshore Greece.This campaign, which is expected to start in early 2027, is for one firm well offshore Greece, in Block 2 located at the Northwestern Ionian Sea…
Norwegian oil and gas company Equinor's downstream division, which includes energy trading, will report stronger first-quarter results this year, partly driven by volatility from the war in the Middle East, the group said on Thursday.Equinor is due to report first-quarter earnings on May 6…
Vår Energi has submitted an amended plan for development and operation for the Goliat Gas Export project in the Barents Sea, aiming to increase production and extend the life of the Goliat field.The plan, submitted with partner Equinor to Norway’s Ministry of Petroleum and Energy…
Evolve Energy has signed a long-term power purchase agreement with Shell Energy Europe to secure electricity from the Race Bank offshore wind farm in the North Sea.The agreement runs until 2035 and will supply about 112 GWh of renewable electricity per year…
AF Gruppen has acquired all shares in Claxton Engineering Services to strengthen its position in offshore decommissioning, life extension and offshore wind.The agreed enterprise value is $86.1 million (£63.5 million), with the consideration…
Offshore drilling contractor Dolphin Drilling has signed a letter of intent for a contract for the Borgland Dolphin semi-submersible drilling rig.The potential contract is expected to have a value of approximately $230 million and is scheduled to begin in the second half of 2027…
Offshore drilling contractor Transocean has secured a contract extension for its Deepwater Corcovado drillship with Petrobras, adding about $445 million in backlog.The 1,156-day extension will begin in direct continuation of the rig’s current…
Oil and gas producer Eni this week finished loading a 1-million-barrel cargo of Venezuelan heavy crude bound for Spain, the first the Italian company receives in almost two years following the issuance of U.S. licenses freeing exports.Trading…
Italian offshore services provider Next Geosolutions (NextGeo) has secured a contract worth more than $32.7 million (€28 million) as lead partner of a consortium for marine survey work on a new high-voltage direct current (HVDC) link in Italy…
Energy data and intelligence TGS has secured an offshore wind site characterization contract in Europe.The Ramform Vanguard vessel is scheduled to begin data acquisition in the second half of July.The contract has a duration of approximately 1…
TotalEnergies and Türkiye Petrolleri Anonim Ortaklığı (TPAO) have signed a memorandum of understanding to cooperate on oil and gas exploration.The agreement establishes a framework for technical collaboration, including joint assessment of exploration…
The International Energy Agency sharply cut its forecasts for global oil supply and demand growth, saying both are now expected to fall from 2025 levels as war in the Middle East disrupts oil flows and weighs on the global economy.The IEA now sees global oil demand falling by 80…
BP said on Tuesday it expects its huge oil trading desk to post 'exceptional' results for the first quarter, signalling a windfall from the spike in oil prices LCOc1 triggered by the U.S.-Israeli war against Iran.The company also said in a quarterly…
CoreMarine & Jumbo Offshore have announced the award of a significant contract to perform the transport and installation of the soft-yoke (SSY) mooring systems, and hook-up of both the Hilli Episeyo FLNG and MKII FLNG vessels, in Argentina’s Golfo San Matías…
Norwegian offshore vessel owner Solstad Maritime has secured a two-year extension of the current contract for the subsea construction vessel (CSV) Normand Fortress with Petrobras.The extension will start in early July 2026. Under the extended contract…
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