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Norway Adds 70 Offshore Blocks in New Oil And Gas Licensing Round

May 05, 2026

Norway’s Ministry of Energy has launched the APA 2026 licensing round, expanding available exploration acreage on the Norwegian continental shelf by 70 blocks across the North Sea, Norwegian Sea and Barents Sea.The Awards in Predefined Areas (APA) system covers mature exploration regions and provides oil companies with predictable access to acreage, the ministry said.The expansion includes acreage previously nominated for the 26th licensing round in 2025…

U.S. Coast Guard Counters Maritime Threats With New Special Missions Command

May 06, 2026

The Coast Guard is standing up the Special Missions Command to oversee its deployable specialized forces. The command will enhance the operational effectiveness of the Coast Guard in responding to a wide range of national emergencies and events…

EnerMech to Support Subsea7 on Mexico’s Trion Oil Project

May 06, 2026

EnerMech has been awarded a subsea pre-commissioning contract by Subsea7 for the Trion ultra-deepwater oil development offshore Mexico.The Trion project, located about 180 kilometers offshore in the Perdido Fold Belt at water depths of 2,500-2…

DeepOcean Carries Out First Onshore-Managed Subsea Intervention

May 06, 2026

DeepOcean has completed its first subsea intervention project with offshore operational leadership managed from shore, carrying out the work for Aker BP at the Idun Nord field in the Norwegian Sea.The operation involved a work-class remotely…

ADNOC Drilling Finalizes MB Petroleum JV, Expands Regional Fleet

May 05, 2026

ADNOC Drilling has completed its acquisition of an 80% stake in MB Petroleum Services (MBPS), forming a joint venture that expands its presence across Gulf markets and increases its total fleet to 170 rigs.The transaction, completed ahead of schedule…

TGS Scores Multi-Client 3D Survey in Norwegian North Sea

May 05, 2026

Energy data and intelligence TGS has secured a new multi-client 3D streamer acquisition and processing project in the Åsta Graben area of the Norwegian North Sea.The new GeoStreamer survey will expand on TGS’ existing data coverage in the area…

DOF Secures APAC Subsea Services Job for Skandi Inventor Vessel

May 05, 2026

Norwegian offshore vessel owner and subsea services provider DOF Group said it has secured a contract for subsea commissioning support services in the Asia-Pacific region, with offshore operations planned in North Australian waters.The company…

Tidewater Reports Revenue Decline in First Quarter

May 04, 2026

Tidewater Inc. has announced a revenue drop for the three months ended March 31 of $326.2 million compared with $333.4 million for the three months ended March 31, 2025.Tidewater's net income for the three months ended March 31, 2026, was $6…

Guyana Opposes Venezuela's Claim on Oil-Rich Esequibo Region

May 04, 2026

Guyana has asked judges at the International Court of Justice to rule that Venezuela does not have a legitimate claim on the potentially oil-rich region around the Esequibo river, which has been the subject of a dispute between the Latin American neighbours since colonial days…

Southeast Asia Sees New Wave of Deepwater Gas Projects

May 04, 2026

Southeast Asia is entering a critical second wave of deepwater gas development targeting 28 trillion cubic feet of resources across Indonesia, Malaysia and Brunei. However, delivering these projects won’t be easy, says Wood Mackenzie.The models suggest these projects have fragile economics…

Exxon Beats Q1 Earnings Estimate

May 01, 2026

Exxon Mobil beat estimates for adjusted earnings on Friday, helped by higher output in Guyana and the Permian Basin, though unadjusted profit dropped to its lowest level in five years due to global supply disruptions from the Iran warthat the company's CEO cautioned could worsen in coming months…

Intervention, Not Exploration: How Jack-ups Help Unlock Value

May 01, 2026

Talking about untapped value in offshore energy typically brings exploration, new wells and new developments to mind. But in today’s mature basins, the greatest source of opportunity is often neither new nor undiscovered.Many offshore regions…

API-NOIA Reports Benefits of Expanding South-Central Gulf Energy Development

Apr 30, 2026

The American Petroleum Institute (API) and the National Ocean Industries Association (NOIA) released a new report, Unlocking the New South-Central Gulf of America for Energy Development: Potential Economic Impacts and Opportunities, highlighting the opportunity to strengthen U…

Woodside Completes Scarborough FPU Subsea Link Ahead of LNG Start-Up

Apr 30, 2026

Woodside Energy has connected its floating production unit (FPU) offshore Western Australia to onshore operations via fibre optic cable, marking a key milestone for the Scarborough Energy Project as it targets first LNG cargo later this year…

UAE Exit Weakens OPEC, Raises Risk of Price War

Apr 29, 2026

The United Arab Emirates’ decision to leave OPEC will sharply diminish the 65-year-old producer group’s influence over the oil market, opening the door to an all‑out price war once Gulf producers rush to regain market share when the Iran war is over…

Current News

ADNOC Drilling Finalizes MB Petroleum JV, Expands Regional Fleet

ADNOC Drilling Finalizes MB Petroleum JV, Expands Regional Fleet

Brent Near $114 as Middle East Conflict Continues

Brent Near $114 as Middle East Conflict Continues

Thailand Cancels Offshore Energy Exploration Pact with Cambodia

Thailand Cancels Offshore Energy Exploration Pact with Cambodia

Vessel Sector Deep Dive: WTIVs

Vessel Sector Deep Dive: WTIVs

Indonesia’s Mako Gas Project on Track for First Gas in 2027

Indonesia’s Mako Gas Project on Track for First Gas in 2027

CNOOC’s First Quarter Profit Rises on Higher Oil Prices, Output

CNOOC’s First Quarter Profit Rises on Higher Oil Prices, Output

UAE Exit Weakens OPEC, Raises Risk of Price War

UAE Exit Weakens OPEC, Raises Risk of Price War

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