Offshore
News
March 05, 2026
Nigeria President Bola Tinubu met with Eni CEO Claudio Descalzi to discuss deepwater development projects, including the Zabazaba-Etan fields, following the conversion of OPL 245 into new development and exploration licenses.
News
March 05, 2026
Hanwha Ocean has secured a fabrication contract from Chevron Mediterranean for expansion modules at the Leviathan offshore gas field in Israel, supporting increased production capacity.
News
March 05, 2026
Acteon has delivered the first MHU4400S hydraulic hammer system to Heerema Marine Contractors, supporting offshore foundation installation and pile-driving operations under a multi-million-pound supply agreement.
News
March 04, 2026
Oceaneering has introduced the Momentum electric propulsion work-class ROV, designed for extended subsea operations and reduced maintenance while supporting drilling, inspection, maintenance and repair (IMR), and construction activities.
News
March 04, 2026
The UK government has postponed plans to scrap the North Sea Energy Profits Levy after oil prices surged amid the Iran conflict, leaving producers facing the 78% tax regime for longer than expected.
News
March 04, 2026
North Sea operators are urging the UK government to replace the Energy Profits Levy with a new fiscal framework, saying tax reform could unlock up to £50 billion in investment and strengthen domestic oil and gas production.
News
March 04, 2026
Kongsberg Maritime, Seadrill and Hanwha Drilling have formed an alliance to develop remote dynamic positioning (DP) technology aimed at improving safety, automation and operational efficiency for offshore drilling rigs.
News
March 04, 2026
Equinor and Hydromea have demonstrated the first real-time subsea wireless data transmission from the seabed directly to cloud infrastructure, marking a major step toward autonomous subsea operations and digital offshore asset monitoring.
News
March 03, 2026
Subsea7 has named Seaway7 CEO Stuart Fitzgerald as its next chief executive, succeeding John Evans upon his retirement in June 2026, as the offshore engineering firm prepares for its planned merger with Saipem.
News
March 02, 2026
INPEX will acquire the remaining 49% stake in its South West Caspian subsidiary, consolidating full ownership of its interest in Azerbaijan’s offshore Azeri-Chirag-Gunashli (ACG) oil development.
News
March 02, 2026
The U.S. Bureau of Ocean Energy Management (BOEM) has released five legacy 3D seismic survey datasets covering portions of the Beaufort Sea, expanding public access to offshore Arctic geologic data that could support future exploration and energy planning in Alaska’s Outer Continental Shelf (OCS).
News
March 02, 2026
OceanPact and CBO will combine to form a 73-vessel offshore support fleet in Brazil, strengthening oilfield services, subsea and decommissioning capabilities.
News
February 26, 2026
UK officials are holding talks with North Sea oil and gas producers on potentially ending the Energy Profits Levy before its 2030 expiry, as policymakers weigh investment, energy security and jobs against climate and fiscal priorities.
News
February 26, 2026
Guyana President Irfaan Ali will deliver the opening address at OTC 2026 in Houston, highlighting the country’s rapid rise as a major offshore oil producer and its growing role in global offshore investment and technology development.
News
February 25, 2026
Saipem said it will not complete its planned acquisition of the Deep Value Driller drillship after the vessel’s owner decided to proceed with a sale to another buyer, and the company is now considering potential legal action to protect its interests.
News
February 25, 2026
Velesto Energy has secured a $16.5-million drilling contract from Jadestone Energy to deploy the NAGA 8 jackup for infill drilling at the East Belumut field offshore Malaysia, supporting Southeast Asia upstream activity and regional rig utilization.
News
February 25, 2026
The Philippines may consider partnering with China or other foreign investors to advance development of the stalled Reed Bank gas field in the South China Sea, as the country seeks new supply to offset declining output from the Malampaya field.
News
February 24, 2026
Murphy Oil has plugged the Caracal-1X exploration well as a dry hole offshore Côte d’Ivoire but plans to proceed with the Bubale-1X prospect in its three-well West Africa campaign.
News
February 24, 2026
Technip Energies has secured a contract to advance the Coral Norte FLNG project offshore Mozambique, reinforcing the country’s second floating LNG development in the Rovuma basin.
News
February 24, 2026
ExxonMobil says rapid production growth in Guyana is strengthening its hand in negotiations for the next generation of global oil projects as competition for reserves intensifies.
News
February 23, 2026
Seatrium expects more than S$50 million in annual cost savings after divesting non-core yards and marine assets, streamlining its offshore oil and gas portfolio by early 2026.
