Assets News


Petronas Signs Offshore Oil Recovery Collaboration Deal

Jun 05, 2026

Petronas, through Malaysia Petroleum Management (MPM), has signed a memorandum of understanding with regional exploration and production operators and Universiti Teknologi Petronas (UTP) to jointly evaluate opportunities for improved and enhanced oil recovery in offshore acreages…

Sonardyne, AMOG Join Forces on Subsea Asset Integrity Services

Jun 04, 2026

Sonardyne and engineering consultancy AMOG have signed a memorandum of understanding to jointly offer subsea asset monitoring services for offshore energy infrastructure.The partnership will combine Sonardyne's underwater monitoring, positioning…

Vantage Drilling Agrees to $258M Takeover by Eldorado Drilling

Jun 01, 2026

Vantage Drilling has entered into a merger agreement under which Norway-based Eldorado Drilling will acquire the offshore drilling contractor in a transaction valuing the company's equity at approximately $257.6 million.Under the agreement, Vantage shareholders will receive $19…

BP Launches Gas Production at Azerbaijan’s Giant ACG Field

Jun 01, 2026

BP and its partners have started non-associated gas (NAG) production at the Azeri-Chirag-Gunashli (ACG) field offshore Azerbaijan, marking the first commercial gas production from one of the world's largest oil-producing fields.The initial gas…

Decommissioning: IMCA Issued Diver Safety Guide

May 31, 2026

The International Marine Contractors Association (IMCA) has published new industry guidance designed to improve safety during subsea decommissioning and dismantlement projects, warning that ageing offshore infrastructure, incomplete historical…

TotalEnergies Makes Middle East Oil Trades After US Navy Buildup in Gulf

May 29, 2026

French oil major TotalEnergies made the decision to buy large amounts of Middle East crude in March after its traders noticed the U.S. Navy amassing ships near the Gulf in February, its CEO told French newspaper Le Figaro in an interview published on Thursday…

DEME to Install Japan’s First 15MW Offshore Wind Turbines

May 29, 2026

DEME, through its Japanese joint venture Japan Offshore Marine (JOM), has secured a contract for the Oga–Katagami–Akita Offshore Wind Project, covering engineering work and vessel charter services for the offshore installation of 21 wind turbines…

SLB, Vår Energi Scale Up Digital Field Development Workflows

May 28, 2026

SLB and Vår Energi have expanded their digital collaboration to scale well planning and integrated field development planning across operations on the Norwegian Continental Shelf.The agreement expands deployment of SLB’s Delfi digital platform…

Nordic Investors to EU: Nix Notion of Arctic Drilling

May 27, 2026

Financial institutions and investors have urged the European Union to maintain its opposition to new Arctic oil and gas drilling, as the bloc weighs revising its stance to prioritise energy security.The call highlights investor unease that the energy crisis triggered by the U…

NOPSEMA Releases Australia’s Offshore Energy Industry Performance Report

May 27, 2026

NOPSEMA has released Australia’s Offshore Energy Industry Performance Report 2025, providing an overview of offshore energy activity and performance across Australia’s regulated jurisdictions.The report draws on regulatory data, inspection and assessment findings…

Amplitude Energy Takes Stake in Artisan Gas Field

May 26, 2026

Amplitude Energy has signed a binding agreement to purchase a 50% interest in VIC/L35, containing the Artisan gas field in the Offshore Otway Basin, Australia, from Beach Energy.Artisan is an existing discovered resource in the Offshore Otway Basin…

MISC Reports First Quarter Increase in Revenue

May 26, 2026

The MISC Group revenue of RM2,891.4 million ($729 million) was 2.7% higher than the revenue for the period ended March 31, 2025.The increase was mainly due to higher revenue from the company’s Petroleum and Product Shipping segment, primarily driven by higher freight rates and earning days…

Occidental Petroleum Acquires 10% Stake in Exxon Block Offshore Trinidad

May 26, 2026

Occidental Petroleum is acquiring a 10% stake in Exxon Mobil’s deepwater exploration block offshore Trinidad and Tobago, according to two people familiar with the matter.Exxon was previously the sole owner of the large offshore block, known as UD(1)…

ABL Gets Onboard Australia’s Largest Offshore Decom Campaign

May 26, 2026

ABL has been hired to support Esso Australia Resources as preparations advance for what the company described as Australia’s largest offshore decommissioning campaign in the Bass Strait.The Gippsland Decommissioning Campaign #1 Project is expected…

Current News

Oil Slips as Oman Reports Normal Operations at Key Oil Terminal

Petronas Signs Offshore Oil Recovery Collaboration Deal

SBM Offshore to Sell 45% Stake in Mexico-Bound FSO to NYK

Conrad Secures Drilling Rig for Mako Gas Field off Indonesia

Oman’s Block 50 Offshore Drilling Ops Face Further Delays

Aramco Picks McDermott for Energy Projects in Saudi Arabia

Velesto’s Jack-Up Rig Up for Gulf of Thailand Drilling Campaign

Kuwait Sees 70% Oil Output Recovery within Two Months of Hormuz Reopening

Capricorn Energy Grants Third Extension for Potential Takeover Offer

Ichthys LNG Strike Causes Delay to Taiwan-Bound Cargo

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