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Europe Needs 65-Ship CO2 Fleet by 2050 to Support CCS Growth, Xodus Finds

Jun 16, 2026

Europe will require a dedicated fleet of around 65 CO2 carriers and a network of 33 ports by 2050 to support the large-scale deployment of carbon capture, utilization and storage (CCUS), according to a new study led by energy consultancy Xodus…

Bourbon Secures Subsea Services Contract on Ghana's Jubilee Field

Jun 16, 2026

Offshore services provider Bourbon has secured a multi-month subsea services contract for operations on the Jubilee field offshore Ghana, deploying the multi-purpose support vessel (MPSV) Bourbon Evolution 802 for a campaign covering inspection…

AD Ports Group, Dajin Heavy Explore Offshore Wind Partnership Opportunities

Jun 16, 2026

AD Ports Group and offshore wind equipment manufacturer Dajin Heavy Industry have signed a memorandum of understanding (MoU) to explore cooperation in offshore wind supply chain development, maritime logistics, port infrastructure and strategic vessel investments…

Oil Slumps as US-Iran Reach Initial Peace Deal to Reopen Strait of Hormuz

Jun 15, 2026

Oil prices slipped to a three-month low on Monday after U.S. President Donald Trump and Iran's deputy foreign minister said they had reached an initial deal to end the war and to resume traffic through the Strait of Hormuz.Brent crude futures LCOc1 fell $3…

JERA Takes Delivery of First LNG Cargo from Australia's Barossa Gas Project

Jun 12, 2026

JERA has received its first liquefied natural gas (LNG) cargo from the Barossa gas project in Australia, marking the start of LNG deliveries from the offshore development to Japan's largest power generation company.The cargo arrived aboard the…

TGS Books 3D Streamer Seismic Job in Africa and Middle East region

Jun 11, 2026

TGS has secured a streamer acquisition contract in the Africa and Middle East region for a 3D seismic survey campaign.The energy data and intelligence company said a 3D Ramform vessel is scheduled to begin acquisition work in early September 2026…

COC Boosts Offshore Capabilities with Newbuild AHTS Vessel

Jun 10, 2026

Caspian Offshore Construction (COC) has acquired an anchor handling tug supply (AHTS) vessel from Sinopacific Engineering & Contracting (SPEC), marking the first vessel in the SPA90 series to join the Kazakh offshore marine service provider's fleet…

Oil Holds Steady as Markets Assess Renewed US-Iran Hostilities

Jun 10, 2026

Oil prices were steady on Wednesday, as renewed U.S.-Iran hostilities muddied direction, though a forecast U.S. stock draw offered support.Brent futures LCOc1 were up 25 cents, or 0.27%, to $91.70 a barrel at 0736 GMT, while U.S. West Texas Intermediate crude CLc1 was up 23 cents…

BP Merges Businesses Into Upstream and Downstream Divisions

Jun 09, 2026

BP has set out plans to reorganize its operations into two business segments from July 1, simplifying its organizational structure as part of efforts to improve performance and increase shareholder value.The company said it will replace its…

BP Hires Noble Corporation’s Giant Semi-Sub Rig for Drilling Ops off UK

Jun 09, 2026

Offshore drilling contractor Noble Corporation has secured a three-well drilling contract with BP for the semi-submersible rig Noble GreatWhite offshore United Kingdom.The contract is expected to last between 150 and 210 days and carries a dayrate of $320…

deugro Expands Offshore Wind Leadership Team

Jun 08, 2026

Danish logistics specialist deugro has appointed Daniel Kjær as Vice President, Global Wind Renewable Energy, effective June 1, 2026.Based in Aarhus, Denmark, Kjær will be responsible for further developing and executing deugro’s global offshore wind strategy…

Current News

Eni Enlists OneSubsea for Deepwater Umbilical Supply off Indonesia

Eni Enlists OneSubsea for Deepwater Umbilical Supply off Indonesia

EnQuest Clears Key Hurdle for $833M Malaysia Offshore Deal

EnQuest Clears Key Hurdle for $833M Malaysia Offshore Deal

ONGC Plans Major New Indian Oil Reserve

ONGC Plans Major New Indian Oil Reserve

LNG Tankers Resume Hormuz Crossings Amid Tensions

LNG Tankers Resume Hormuz Crossings Amid Tensions

Hormuz Standoff Risks Chronic Instability for Gulf Oil Flows

Hormuz Standoff Risks Chronic Instability for Gulf Oil Flows

From Fixtures to Values: Where the Jackup Recovery Is Already Being Priced

From Fixtures to Values: Where the Jackup Recovery Is Already Being Priced

Eni and Petronas JV Extend Ventura Offshore’s Drilling Job in Indonesia

Eni and Petronas JV Extend Ventura Offshore’s Drilling Job in Indonesia

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