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NextGeo Scores $11.7M Mediterranean Subsea Job

May 12, 2026

Italian offshore services provider Next Geosolutions (NextGeo) has been awarded a contract worth about $11.7 million (€10 million) for geophysical survey and unexploded ordnance (UXO) activities linked to a subsea energy infrastructure project in the Central Mediterranean…

ADNOC Drilling Posts Record First-Quarter Results with 5% Revenue Rise

May 11, 2026

ADNOC Drilling has reported its strongest-ever first-quarter performance, supported by high fleet utilization, growth in integrated drilling services and long-term contract coverage across its operations.The UAE-based drilling contractor posted first-quarter revenue of $1…

Seadrill’s Backlog Reaches $3.1B with $860M in New Rig Deals

May 11, 2026

Seadrill has secured more than $860 million in new contract backlog since February fleet status report, driven by offshore drilling awards and extensions in Brazil, the U.S. Gulf and Angola, lifting its total contract backlog to about $3.1 billion…

Lloyd’s Register Approves Wison’s Internal Turret FPSO Concept

May 08, 2026

Lloyd’s Register (LR) has granted an Approval in Principle (AiP) to Wison New Energies for a harsh-environment floating production storage and offloading (FPSO) design featuring an internal turret mooring system.The FPSO concept is aimed at offshore developments in demanding metocean conditions…

UTC Overseas, Transoceanic Launch US Gulf Coast Logistics Joint Venture

May 08, 2026

UTC Overseas and Transoceanic Development have launched UTC Transoceanic (UTC Transo), a joint venture aimed at supporting the growing logistics needs of energy, power and industrial infrastructure projects along the U.S. Gulf Coast.Headquartered in New Orleans…

Current News

EnQuest to Buy Malaysia Offshore Interests in $833M Deal

EnQuest to Buy Malaysia Offshore Interests in $833M Deal

Oil Holds Steady as Markets Assess Renewed US-Iran Hostilities

Oil Holds Steady as Markets Assess Renewed US-Iran Hostilities

ADNOC Looks to Canada for Upstream and LNG Growth Through XRG

ADNOC Looks to Canada for Upstream and LNG Growth Through XRG

Petronas Signs 20-Year LNG Supply Deal with Japan's JERA

Petronas Signs 20-Year LNG Supply Deal with Japan's JERA

Oil Prices Slide as Israel-Iran Suspend Strikes

Oil Prices Slide as Israel-Iran Suspend Strikes

Ichthys LNG Strike Intensifies as Union Talks with Inpex Collapse

Ichthys LNG Strike Intensifies as Union Talks with Inpex Collapse

Oil Shoots Over $4 as Israel Expands Strikes Against Iran and Lebanon

Oil Shoots Over $4 as Israel Expands Strikes Against Iran and Lebanon

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