Oilfield services provider Baker Hughes beat Wall Street estimates for first-quarter profit, as strong demand in its industrial and energy technology unit offset drilling weakness caused by disruptions in the Middle East.A surge in electricity demand from data centers…
Well-Safe Solutions has secured a multi-year contract with Apache North Sea to decommission platform and subsea wells in the Forties Field.Work is set to begin in 2026, with Well-Safe leading project management, engineering and offshore delivery of the decommissioning program…
With one year since the last AHTS report, we have now started to see the effects of a tightening supply-demand balance as earlier predicted, which has translated into a significant uptick in the North Sea spot market especially.The total global AHTS fleet totals just south of 1…
Deepwater production continues to remain a core part of the long-term energy supply mix. While production from conventional onshore and shallow-water assets is expected to remain broadly flat under our base case, Welligence estimates that global…
European transmission system operators (TSOs) have signed a memorandum of understanding to explore cooperation on offshore cable infrastructure in the North Sea.The agreement aims to improve the affordability, efficiency and reliability of Europe’s electricity system as offshore wind capacity grows…
Italy's Saipem can win contracts for post-Iran-war repair work in the Middle East by leveraging its long-term relationships with customers in the region, the energy services group's chief executive said on Wednesday.The cost of repairing damage…
The European Union is considering dropping its opposition to new oil and gas drilling in the Arctic, the Financial Times reported on Wednesday.The EU has been pushing for an international ban on new oil and gas drilling on environmental grounds since 2021…
Golden Pass LNG, a joint venture between QatarEnergy and ExxonMobil, has loaded and shipped its first liquefied natural gas (LNG) cargo from its export terminal in Sabine Pass in Texas, marking a step toward full commercial operations.Golden…
OPEC member Gabon expects to sign production-sharing contracts with BP and Exxon Mobil in four to six months, the country's oil and gas minister Clotaire Kondja said on Wednesday at an African energy conference held in Paris.BP and Exxon both…
Australia's Santos reported a dip in first-quarter sales revenue on Thursday, hit by a temporary outage at its Barossa offshore gas project and cyclone-related disruptions to port operations on the west coast.The country's second-largest oil…
Conflict between Iran, the United States, Israel and allies throughout the Gulf region has had an immediate effect on the oil and gas industry, both upstream and downstream. Drone and missile attacks have damaged refineries and as of mid-April 2026…
Bureau Veritas Marine & Offshore has launched an Offshore Center of Excellence in Asia Pacific to support offshore energy projects.The center will combine regional teams in Singapore, Shanghai and Kuala Lumpur with the company’s global technical…
UK-based Global OTEC has installed a floating ocean thermal energy conversion (OTEC) prototype off the Canary Island in Spain.The platform is designed to generate electricity by using the temperature difference between warm surface water and cold deep ocean water…
Vattenfall and Fred. Olsen Seawind have agreed that Fred. Olsen Seawind will take full ownership of the Muir Mhòr floating offshore wind project in Scotland.The change will be executed through a share sale, with Vattenfall selling its stake to its joint venture partner…
Offshore drilling contractor Seadrill has secured contract awards in the Gulf of America for two ultra-deepwater drillships, adding about $260 million to its backlog.The West Neptune drillship received a 365-day contract extension, with operations set to begin in September 2026…
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