Offshore Oil & Gas News


Offshore Rig Outlook: As 2025 Challenges Fade, Path Ahead Brightens

Jan 02, 2026

While challenges linger from the 2025 offshore rig market, there are signs it will look brighter from late 2026 onwards.Main Events of 2025One of the biggest talking points of 2024 and 2025 was Saudi Aramco’s suspension of 36 jackups from April 2024…

Three Dead in Chevron's Angolan Oil Patform Fire

May 28, 2025

A second person died from their injuries in hospital following a fire at a Chevron-operated oil platform offshore Angola, bringing the number of fatalities to three, government and company officials said late on Tuesday.Two workers were initially…

The Five Trends Driving Offshore Oil & Gas in 2025

Dec 23, 2024

[1] Flat Outlook for Global Spend … but … Aadvantaged Projects Attract CapitalWith concerns of a softening oil market, we expect global upstream investment to remain flat or even fall – indeed, the reported 2025 budgets to date show a 3-4% drop…

Driven by Oil & Gas, Norway Wealth Fund Approachs $2 Trillion

Dec 06, 2024

The value of Norway's sovereign wealth fund, the world's largest, rose to a record 20 trillion crowns ($1.8 trillion) on Friday, doubling its value in just five years as oil and gas revenue flowed in and stock markets rose.Built since 1996 as rainy-day savings…

Current News

Malaysia Offers Nine Exploration Blocks in 2026 Bid Round

Seatrium Unit Launches Arbitration Against Petrobras over FPSO Contract

Transocean-Valaris Tie-Up to Create $17B Offshore Drilling Major with 73 Rigs

Malaysia Oil and Gas Projects Advance with Petronas' PSC and Farm-Out Deals

Vantage Drilling’s Ultra-Deepwater Drillship Heads to India Under $260M Contract

EnQuest Secures Extension for Vietnam's Offshore Block

Japan's Mitsui in Advanced Talks for Stake in Qatar’s North Field LNG Project

Japan’s JERA Agrees Long-Term LNG Supply from Middle East

QatarEnergy, Petronas Ink 20-Year LNG Supply Agreement

Eni Enlists Shearwater for 3D Seismic Survey in Timor Sea

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