Offshore drilling contractor ADES Holding has secured multi-year contracts for three premium jack-up rigs offshore Nigeria and a separate one-year extension for another rig, strengthening its presence in West Africa.The drilling services provider…
Saipem has secured two offshore contracts in Saudi Arabia worth about $400 million under an existing long-term agreement with Saudi Aramco.The contracts, known as Contract Release Purchase Orders, relate to work at the Safaniya oil field, one of the world’s largest offshore oil fields…
AF Gruppen has acquired all shares in Claxton Engineering Services to strengthen its position in offshore decommissioning, life extension and offshore wind.The agreed enterprise value is $86.1 million (£63.5 million), with the consideration…
TotalEnergies and Türkiye Petrolleri Anonim Ortaklığı (TPAO) have signed a memorandum of understanding to cooperate on oil and gas exploration.The agreement establishes a framework for technical collaboration, including joint assessment of exploration…
TotalEnergies has signed a preliminary agreement with Turkish state-owned energy company TPAO to explore the country's Black Sea waters for hydrocarbons, the French oil major said on Monday, nearly three years after pulling out of a gas exploration project in the sea's Bulgarian waters…
Offshore drilling contractor Borr Drilling has informed that several of its rigs in the Middle East are returning to operations following recent disruptions, as the company secures a new contract in Southeast Asia.The company said the Arabia…
Oil prices surged on Monday as the U.S. moved to impose a blockade on Iranian shipping after the collapse of weekend peace talks, while the dollar rose and stocks and bonds fell.The U.S. move, aimed at putting pressure on Tehran, leaves a fragile…
British Prime Minister Keir Starmer said on Monday that whatever the pressure, Britain would not be dragged into the Iran war nor be involved in a blockade of the Strait of Hormuz.'We're not supporting the blockade,' he told BBC Radio 5 Live…
BP has agreed to acquire a 60% interest in three offshore exploration blocks in Namibia from Eco Atlantic Oil & Gas, marking its entry into the country as an operator.The blocks - PEL97, PEL99 and PEL100 - are located in the Walvis Basin offshore Namibia…
The Iran war and the closure of the Strait of Hormuz have shattered a status quo that prevailed among Middle East oil and gas producers for decades. Even if the current, shaky ceasefire holds, the uneasy “new normal” has likely set the stage for yet another round of conflict…
Subsea7 has secured a supermajor contract by Petrobras for the development of the Sépia 2 field in the Santos Basin offshore Brazil.The contract, awarded following a competitive tender, covers engineering, procurement, fabrication, installation and pre-commissioning of subsea umbilicals…
The 9th edition of Egypt Energy Show 2026 will take place in Cairo from 30 March to 1 April 2026, bringing together Heads of State, ministers, CEOs and global energy leaders at a pivotal moment for the industry. His Excellency Abdel Fattah El Sisi…
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