Venezuela and Spanish energy group Repsol have signed 'strategic agreements,' the government of the South American country said in a statement on Thursday.Speaking on state-run television, acting President Delcy Rodriguez said the agreement will allow for gas production at Cardon IV, which is a 50-50 joint venture between Repsol and Italy's Eni.She added that the deal would allow for the expansion for exports…
OneSubsea, a joint venture between SLB, Aker Solutions, and Subsea7, has entered into an agreement to acquire the subsea business of Norway-based Envirex Group.The acquisition is expected to add Envirex’s specialized technologies and research…
Exxon Mobil has evacuated non-essential employees from its operations in the Middle East, CEO Darren Woods said in an interview on Tuesday, as the U.S.-Israel war on Iran continues.Some operations have been scaled back to manage oil inventory…
Abu Dhabi National Oil Company said on Saturday it is actively managing offshore output levels to address storage requirements amid the U.S.-Israeli war on Iran, while its onshore operations are continuing.'This approach preserves operational…
Oil prices surged more than 3% on Thursday, extending a rally as the escalating U.S.-Israeli war with Iran raised fears of prolonged disruptions to vital Middle East oil and gas supplies.Brent LCOc1 crude advanced $2.44, or 3%, to $83.84 per barrel by 0722 GMT…
A Quick Q&A with Port of the Future Founder and Event Director Kevin Clement on key differentiators and the value of attending, exhibiting and speaking at Port of the Future 2026:CLICK HERE to discover the conference line-up and to register for Port of the Future 2026 in Houston…
The International Marine Contractors Association (IMCA) has launched the IMCA Next Generation Network – a global, member-led network that will support the development of early career professionals.Designed to strengthen development pathways for junior workers in the marine construction sector…
Deep Value Driller has agreed to sell its seventh-generation drillship Deep Value Driller to Eldorado Drilling for $300 million in cash, scrapping an earlier agreement to sell the vessel to Saipem for $272.5 million.The Oslo-listed company has…
Dajin Offshore has signed a $13.1 million contract with Poland’s state-owned Szczecin Shipyard Wulkan to fabricate at least 40 ready-to-install internal platform sets for foundations for the Nordseecluster B offshore wind project in the German North Sea…
Santos unveiled plans to cut about 10% of staff and review its Australian Integrated Oil and Gas portfolio after reporting a sharp fall in annual profit on Wednesday.Shares of Australia's No. 2 oil and gas producer closed 0.6% lower at A$6.63…
Saipem has reached agreement on the main terms and conditions to acquire the seventh-generation drillship Deep Value Driller for $272.5 million.The Deep Value Driller is a high-specification ultra-deepwater drillship built in 2014, featuring GustoMSC P10000 design and able to accommodate 210 people…
France set out a new energy law after years of wrangling on Thursday which slashes its wind and solar power targets and drops a mandate for state-run firm EDF to shutter nuclear plants.'We need to stop our internal family squabbling. We need both nuclear and renewables…
The U.S. Treasury Department on Tuesday issued a general license to facilitate the exploration and production of oil and gas in Venezuela, a long-awaited step that could help increase output in the country.Washington has relaxed sanctions on Venezuela's energy industry since U…
Offshore drilling contractor Transocean has agreed to acquire Valaris in an all-stock transaction valued at about $5.8 billion, creating one of the world’s largest offshore drilling contractors with a fleet of 73 drilling rigs.The combined company…
Malaysia’s Petronas has strengthened upstream collaboration in Sabah through a new oil and gas production sharing contract (PSC) award and an equity transfer agreement involving state-linked partners.Petronas Carigali, a wholly owned subsidiary of Petronas…
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