Energy technology company SLB has launched AlphaSight, its latest innovation in reservoir mapping and drilling intelligence.AlphaSight leverages industry-first technologies, setting a new benchmark for visibility and control in complex drilling environments to maximize production potential…
The following article is an op-ed piece from CorPower Ocean, UK Marine Energy Council, Ocean Energy Europe and Professor Henry Jeffrey, Head of Policy and Innovation Group, University of Edinburgh.As an island nation with more than 11,000 miles of coastline…
Mooring and anchoring specialist Mooreast Holdings has granted an option to sell its leasehold property in Singapore for $23.3 million, aiming to boost offshore wind activities at new location.The company said it expects net proceeds of about…
DNV has been appointed independent certifier for the Northern Endurance Partnership (NEP) CO2 transport and storage project in the UK.The project underpins the UK’s East Coast Cluster and will transport CO2 from industrial emitters in Teesside for storage beneath the southern North Sea…
Block Energy has entered into a conditional agreement with Pilgrim Exploration for an investment linked to offshore production sharing contracts in Gabon, alongside plans to raise $6.3 million through an equity offering.The transaction relates to the Ndjila and Mpari production sharing contracts…
West Africa-focused independent oil and gas explorer Tullow Oil posted an 87% slump in annual profit on Tuesday, partly due to lower production, while delayed payments from the Ghana government continued to weigh on its finances.The heavily…
BP's first-quarter profit more than doubled year-on-year to $3.2 billion - its highest in two-and-a-half years - the British oil major reported on Tuesday, beating expectations after the Iran war helped boost oil trading results.The spike in…
President Donald Trump's administration said on Monday that it had reached a deal to end two more U.S. offshore wind leases in exchange for $885 million in pledged investments in domestic fossil fuels.The projects, one in the Atlantic and one in the Pacific…
In recent years, Asia’s offshore sector has regained strategic importance, particularly in countries such as Malaysia, Indonesia and Vietnam, as operators pursue new upstream opportunities while governments seek to strengthen domestic and regional energy security…
The changing shape of the oil and gas landscape presents both an opportunity and a challenge for well decommissioning. Well decommissioning, particularly the safe execution of plug and abandonment (P&A) operations, represents a significant opportunity…
Continued idling of assets should the conflict persist would see wider MODU market tightening as drillers and NOCs manage capacity.The impact of the war in the Middle East on the offshore energy sector has so far received less attention than…
Helix Energy Solutions and Hornbeck Offshore Services have agreed to combine in an all-stock transaction to create an integrated offshore services company.Under the agreement, Hornbeck shareholders will own about 55% of the combined company…
Security is all too often treated as a purely compliance-driven exercise. This isn’t advisable in any industry, but it is particularly damaging for those that fall under critical infrastructure frameworks. Ports, and, by extension, the dredging operations that maintain and expand shipping lanes…
Well-Safe Solutions has secured a multi-year contract with Apache North Sea to decommission platform and subsea wells in the Forties Field.Work is set to begin in 2026, with Well-Safe leading project management, engineering and offshore delivery of the decommissioning program…
With one year since the last AHTS report, we have now started to see the effects of a tightening supply-demand balance as earlier predicted, which has translated into a significant uptick in the North Sea spot market especially.The total global AHTS fleet totals just south of 1…
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