People & Companies News


Oil Majors Eye US Gulf Deepwater Field Stake

Apr 06, 2026

European energy majors TotalEnergies and Shell are among companies eyeing a majority stake in one of the U.S. Gulf's most promising sites, three sources with knowledge of the process said, as interest in North American energy prospects rises due to the Middle East conflict…

Shell in Talks with Venezuela for More Gas Areas

Apr 01, 2026

Shell is in advanced talks with Venezuela's government to develop four large areas near Trinidad and Tobago, in two of the South American country's largest offshore natural gas fields, two people familiar with the discussions said.The London…

Tenaris Expands Canada Footprint with AllTorque Acquisition Deal

Mar 26, 2026

Tenaris has acquired the oilfield division of AllTorque, a manufacturer of tubular running technology, as it expands its services offering and footprint in Canada.The company said the acquisition builds on an existing partnership and enhances its WISer solutions for Rig Direct customers…

Petrobras Finds Oil in Marlim Sul Field Offshore Brazil

Mar 26, 2026

Petrobras has identified the presence of oil in the pre-salt of the Campos Basin following drilling activities at the Marlim Sul Field offshore Brazil.The discovery was made at well 3-BRSA-1397-RJS, located about 113 km offshore in water depths of 1…

Arabian Drilling Flags Temporary Offshore Rig Suspensions in Persian Gulf

Mar 26, 2026

Saudi Arabia’s drilling contractor Arabian Drilling has informed that some of its offshore rigs in the Persian Gulf have been temporarily suspended as a precautionary measure amid ongoing regional tensions, while its land operations remain unaffected…

IMCA Welcomes DEME Offshore Energy MD as New President

Mar 24, 2026

The International Marine Contractors Association (IMCA) has welcomed DEME Offshore Energy Managing Director Hugo Bouvy as its new President.He succeeded Saipem’s Luca Gentili at the end of his two-year term at a meeting of IMCA’s Board on 18 March…

Current News

Vantage Drilling Agrees to $258M Takeover by Eldorado Drilling

Azerbaijan’s Absheron Gas Project Advances with New Sales Agreement

BP Launches Gas Production at Azerbaijan’s Giant ACG Field

Iran Restarts Output at Three South Pars Offshore Gas Platforms

Oil Jumps Over 3% After US-Iran Exchange Attacks

BP to Boost Azerbaijan Portfolio with Babek Gas Field Operatorship Takeover

Petrobras Nears Deal With SBM Offshore for Two Sergipe FPSOs

Mitsui Eyes New LNG Investments to Power Data Center Growth

Oil Prices Fall Amid Signs of US-Iran Ceasefire Extension Deal

Three Dead After Incident at Petronas' FSO Offshore Malaysia

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