Assets News


Well-Safe Expands Into Well Operatorship with First UK North Sea Job

May 26, 2026

Well-Safe Solutions has secured its first contract to provide full well operatorship and asset execution services for an unnamed client in the UK North Sea.The contract expands the company’s service offering into integrated well lifecycle services…

Unity Wins North Sea Decom Contracts, Expands Overseas

May 22, 2026

Unity has secured more than $8 million (£6 million) in new contracts, including a multi-million-dollar North Sea well decommissioning project, as the Aberdeen-based well integrity specialist expands internationally.The company said the North…

Wood Secures Subsea Design Scope on QatarEnergy’s Bul Hanine Redevelopment

May 21, 2026

Wood has secured a contract by China Offshore Oil Engineering Company (COOEC) to deliver detailed design work for QatarEnergy’s Bul Hanine EPIC2 offshore oil and gas redevelopment project in Qatar.The scope includes the design of 25 subsea pipelines…

Shell’s Deepwater Mars Hits One Billion Barrels, with More to Come (Video)

May 21, 2026

Shell’s Mars platform has produced its billionth barrel of oil equivalent, becoming the first single offshore platform in the Gulf of America to reach the milestone nearly three decades after production began.The deepwater oil and gas platform…

Panoro Targets Higher Output After Equatorial Guinea's Block G Deal

May 21, 2026

Panoro Energy has reported first-quarter performance to be in line with expectations as the company advanced a series of offshore development and exploration projects across Equatorial Guinea and Gabon while progressing what it dubbed 'a transformational'…

Australian Party Calls for Norway-Style Oil and Gas Management

May 21, 2026

Australian populist party Pauline Hanson’s One Nation said it wanted to create a Norway-style sovereign wealth fund and for the government to take a share of offshore production licences in federal waters as it unveiled its energy policy at…

Equinor and Aker BP Swap Stakes in Norwegian Offshore Fields

May 21, 2026

Equinor and Aker BP have agreed to swap stakes in several oil and gas fields offshore Norway, as part of a strategic collaboration aimed at increasing production and value creation across selected areas.The companies said the agreement focuses initially on the Troll-Fram…

BP Adds Three Exploration Blocks off Indonesia

May 20, 2026

BP and its partners have signed three production sharing contracts (PSCs) in Indonesia, expanding the company’s upstream portfolio in the country to 11 oil and gas blocks.Two of the contracts cover the Bintuni and Drawa exploration blocks in Papua Barat near BP-operated Tangguh LNG…

Navitas Takes Operatorship of South Africa Offshore Block from Eco Atlantic

May 20, 2026

Eco (Atlantic) Oil & Gas has signed a definitive agreement to farm down a 37.5% working interest in Block 1 CBK offshore South Africa to Navitas Petroleum after the company exercised an option under a previously announced strategic framework agreement…

BW Energy Greenlights Gabon, Brazil Oil and Gas Projects

May 20, 2026

BW Energy has made final investment decisions (FID) for the Bourdon development in the Dussafu license offshore Gabon and a new infill drilling campaign in the Golfinho license offshore Brazil, targeting combined 2P reserves of 68 million barrels of oil equivalent…

Woodside Weighs Matching Inpex Bid for PetroChina’s Browse Stake

May 20, 2026

Woodside Energy will consider matching an offer from Inpex to buy PetroChina’s stake in the Browse gas fields off the coast of Western Australia, CEO Liz Westcott said on Wednesday.Inpex on Friday said it would take PetroChina’s 10.67% stake…

Energean Cuts 2026 Output Forecast After Israel Shutdown

May 20, 2026

Eastern Mediterranean-focused gas producer Energean cut its 2026 production forecast and dividend on Wednesday after a 41-day shutdown of its Israeli operations hammered its first-quarter results.The company's power floating production vessel…

Ulstein Delivers Cable Layer Newbuild to Nexans

May 18, 2026

Norwegian shipbuilder Ulstein Verft has delivered Nexans Electra, a DP3 cable‑laying vessel (CLV), to Nexans, strengthening its capacity to install advanced subsea power and communication cable systems.The CLV Nexans Electra is a sister vessel to the CLV Nexans Aurora…

ADES Extends North Sea Rig Contract to Three-Year Term

May 18, 2026

Offshore drilling contractor ADES Holding has extended the contract for Shelf Drilling Winner rig with Tenaz Energy Netherlands from a one-year to a three-year firm term for operations in the Dutch sector of the North Sea.The company said the contract…

Velesto Secures Malaysia Drilling Deal with Hibiscus

May 18, 2026

Malaysia’s oil and gas services firm Velesto Energy, through its subsidiary Velesto Drilling, has secured a contract from Hibiscus Oil & Gas Malaysia for a 2026 offshore drilling campaign in Malaysia.The company said the award marks its first…

Current News

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Oman’s Block 50 Offshore Drilling Ops Face Further Delays

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Capricorn Energy Grants Third Extension for Potential Takeover Offer

Ichthys LNG Strike Causes Delay to Taiwan-Bound Cargo

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