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DeepOcean Lines Up North Sea FPSO Decom Job

May 21, 2026

Ocean services provider DeepOcean has been engaged to support the subsea decommissioning and disconnection of an undisclosed floating production, storage and offloading (FPSO) unit currently located in the U.K. sector of the North Sea.DeepOcean’s…

Oil Prices Rise as Iran Talks Stall and Inventories Shrink

May 21, 2026

Oil prices edged higher on Thursday, as investors monitored peace talks between the United States and Iran, while supply tightness and U.S. inventory drawdowns provided some support.Brent crude futures LCOc1 rose 40 cents, or 0.4%, to $105.42 a barrel by 0809 GMT…

Current News

Mako Offshore Field Takes Step Toward First Gas with PT PAL Contract Award

Mako Offshore Field Takes Step Toward First Gas with PT PAL Contract Award

Perenco Inks Gas Sales Deal for Vietnamese Offshore Field

Perenco Inks Gas Sales Deal for Vietnamese Offshore Field

Iran War Sparks Global Rush to Build Strategic Oil Reserves

Iran War Sparks Global Rush to Build Strategic Oil Reserves

Qatari LNG Carriers Re-Enter Hormuz as Traffic Through Strait Slumps

Qatari LNG Carriers Re-Enter Hormuz as Traffic Through Strait Slumps

Explosion at Qatar's Ras Laffan LNG Hub Injures 54, Leaves 18 Missing

Explosion at Qatar's Ras Laffan LNG Hub Injures 54, Leaves 18 Missing

Valeura Concludes Nong Yao Drilling Ops, Boosts Gulf of Thailand Production

Valeura Concludes Nong Yao Drilling Ops, Boosts Gulf of Thailand Production

Oil Edges Higher as Uncertainty Clouds US-Iran Truce

Oil Edges Higher as Uncertainty Clouds US-Iran Truce

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