Assets News


Fugro Secures India Deepwater Drilling ROV Contract

9 hours ago

Fugro Survey India has been awarded a three-year contract by Vantage International Management Company to provide remotely operated vehicle (ROV)-based deepwater drill support services for ONGC's offshore drilling operations in India.Under the contract…

EnerMech Lands Offshore Services Job for North Sea Operator

11 hours ago

EnerMech has secured a multi-year contract to provide topside process and shutdown services across the offshore asset portfolio of a leading North Sea operator, expanding a partnership that has spanned more than a decade.The award is the second…

ADNOC, SLB Deploy AI Platform to Manage Drilling Operations

Aug 04, 2026

ADNOC, in collaboration with SLB, has deployed its AI-enabled Real-Time Operations Center (RTOC) platform across its fleet of over 120 rigs, providing teams with a faster and more connected way to monitor, analyze and manage drilling operations across its onshore and offshore assets…

Intermoor Secures Three-Year Petrobras Offshore Services Deal

Aug 04, 2026

Intermoor, Acteon's moorings and anchors business line, has secured a three-year contract from Petrobras to provide inspection, preservation, maintenance and operational readiness services for subsea interconnection, mooring and anchoring equipment supporting offshore operations in Brazil…

BP's Profit Tops $5 Billion as Oil Prices Surge

Aug 04, 2026

BP's second-quarter profit more than doubled to $5.73 billion on higher oil and gas prices and strong refining margins, it reported on Tuesday, as CEO Meg O'Neill outlined the energy group's priorities.Oil majors have benefited this year from market volatility caused by the U…

Saipem, Subsea7 Clear Key US Regulatory Merger Hurdle

Aug 03, 2026

Saipem and Subsea7 have cleared a key U.S. regulatory hurdle for their planned merger after the waiting period under the Hart-Scott-Rodino (HSR) Antitrust Improvements Act of 1976 expired, allowing the transaction to close in the United States once all remaining conditions are met…

Worley to Support Inpex Operations in Australia

Aug 03, 2026

Worley has secured a framework agreement by Inpex Operations Australia to support the company's operations in Australia, extending a relationship that has spanned more than a decade.Under the agreement, Worley will have the opportunity to provide engineering services for Inpex’ Australian projects…

Subsea7 Lands ‘Sizeable’ Contract for Work Offshore Brunei

Aug 03, 2026

Subsea7 has been awarded a sizeable contract by Brunei Shell Petroleum (BSP) for a pipeline replacement project offshore Brunei.The contract covers the engineering, procurement, construction and installation (EPCI) of subsea pipeline and riser…

ExxonMobil Offshore Oil Venture in Guyana Recoups Initial Costs

Jul 31, 2026

An ExxonMobil-led joint venture has recovered the billions of dollars it invested to develop a large oilfield in Guyana, its chief financial officer told Reuters, and the South American country will now receive more oil money.Guyana's Stabroek Block…

Shell Agrees $720M Sale of Cyprus Gas Unit to MOL Group

Jul 31, 2026

Shell has agreed to sell its wholly owned subsidiary BG Cyprus to MOL Group for up to $720 million, giving the Hungarian energy company a 35% stake in Cyprus' Aphrodite offshore gas field.The transaction, which is subject to customary adjustments…

BP Puts North Sea Business Up for Sale

Jul 31, 2026

BP has launched a process to market its North Sea business for a potential sale as part of its ongoing portfolio review.The company said the decision reflects its disciplined approach to capital allocation and forms part of its strategy to create a simpler…

Rosenxt Acquires Zupt LLC

Jul 30, 2026

Rosenxt Holding USA LLC, part of the Rosenxt Group, announced the acquisition of Zupt LLC, a Houston-based specialist in subsea metrology, advanced 3D subsea inspection, offshore survey engineering along with and technologies supporting renewable offshore installations…

BP Starts Up Atlantis Expansion Project in US Gulf of America

Jul 30, 2026

BP has started production from its Atlantis Major Facility Expansion project in the U.S. Gulf of America, adding new water injection capacity to boost oil recovery and extend the life of one of the company's flagship offshore assets.The project adds two new subsea water injection wells…

Energean, Carlyle Eye BP's Egypt Offshore Gas Assets

Jul 29, 2026

Dragon Oil, Carlyle Group, Energean and Artemis Energy are among the groups expected to bid this week for assets in BP's West Nile Delta natural gas development off Egypt, three sources familiar with the sale process said.British oil major BP…

Current News

Fugro Secures India Deepwater Drilling ROV Contract

Vantris Energy Secures Petronas’ Offshore Drilling Work Orders

ADNOC, SLB Roll Out AI Platform Across More Than 120 Drilling Rigs

Oil Rises as Uncertainty Clouds US-Iran Peace Talks

India’s ONGC to Allocate Half of New Oil Storage to Strategic Reserves

Subsea7 Lands ‘Sizeable’ Contract for Work Offshore Brunei

FPSO for Azule Energy’s Angola Offshore Field Starts Taking Shape in China

Borr Drilling's Mexican JV Expands Fleet with Five Jack-Ups

Keppel Launches $2.9B Program to Monetize Legacy Offshore Drilling Rigs

Saipem Cuts Earnings Outlook as Middle East Costs Rise

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