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MISC Reports First Quarter Increase in Revenue

May 26, 2026

The MISC Group revenue of RM2,891.4 million ($729 million) was 2.7% higher than the revenue for the period ended March 31, 2025.The increase was mainly due to higher revenue from the company’s Petroleum and Product Shipping segment, primarily driven by higher freight rates and earning days…

Reach Subsea, Beacon Offshore Form Australian Subsea Partnership

May 26, 2026

Norwegian subsea services firm Reach Subsea has signed a memorandum of agreement with Beacon Offshore to establish a strategic partnership targeting subsea projects offshore Australia.Under the agreement, the companies will collaborate exclusively on marketing…

Well-Safe Expands Into Well Operatorship with First UK North Sea Job

May 26, 2026

Well-Safe Solutions has secured its first contract to provide full well operatorship and asset execution services for an unnamed client in the UK North Sea.The contract expands the company’s service offering into integrated well lifecycle services…

Santos Targets LNG and Oil Expansion in Alaska, Oceania and Australia

May 26, 2026

Australia's Santos will prioritise LNG and oil growth in three core regions, including Alaska and Papua New Guinea, under a new strategy that also includes reducing net debt by $2.5 billion by 2030.'We are now laser-focused on investment in major oil and LNG production across three regions…

Current News

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Markets: Oil Majors Reload Exploration Hoppers Across Sub-Saharan Africa

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ONGC Completes 44 Offshore Rig Moves Ahead of Monsoon Season

ONGC Expands BP Partnership with Western Offshore Basin Services Contract

ONGC Expands BP Partnership with Western Offshore Basin Services Contract

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Walking Into the Future: ADNOC Drilling Unveils First AI-Powered Island Rig

Yinson Production Names FSO for Murphy's Lac Da Vang Project off Vietnam

Yinson Production Names FSO for Murphy's Lac Da Vang Project off Vietnam

Jadestone Brings First Malaysia Campaign Well Online at 3,000 bpd

Jadestone Brings First Malaysia Campaign Well Online at 3,000 bpd

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