An unprecedented deal for the U.S. to gain access to a fifth of Venezuela's oil reserves - and the central role a Venezuelan businessman will play - is prompting questions and hesitation from some oil companies evaluating potential investments in the country, sources familiar with the situation told Reuters.A White House fact sheet released late on Monday outlined an arrangement under which private…
From Canada to Argentina, oil producers across the Americas have enjoyed a windfall during the Iran war by capturing market share lost by Middle Eastern exporters. The renewed focus on energy security globally could transform this emergency response into a lasting structural change…
Tidewater Inc. has announced the completion of its acquisition of Wilson, Sons Ultratug Participações S.A. and its affiliate Atlantic Offshore Services S.A. (collectively: WSUT), effective August 31, 2026.Quintin Kneen, Tidewater’s President and Chief Executive Officer…
U.S. President Donald Trump said Monday that ExxonMobil, the largest U.S. oil major, was among a group of companies planning to do business in Venezuela.Exxon declined to comment. Any entrance into the South American country would mark a stunning…
California on Friday sued the Trump administration and an offshore wind developer over a deal that canceled a planned project off the state's Central Coast in exchange for a $120 million federal reimbursement and a commitment to invest in fossil fuel projects…
The Iran war's redrawing of the global trade map is forcing Gulf nations to retool their investment play book, ploughing capital into infrastructure, from energy pipelines to ports, to weather the fallout from the conflict.The war has highlighted the Gulf's overreliance on the Strait of Hormuz…
Iran is preparing a list of conditions for reopening the Strait of Hormuz after mediators asked Tehran to set them out, said Mohsen Rezaei, secretary of Iran's Supreme National Security Council, adding that ending the regional war was among them…
Subsea services and ROV technology provider Omega Subsea has entered into a long-term agreement to establish operations at Hilleren Navy Supply Park in Mathopen, adjacent to Haakonsvern in Western Norway.The company will become a strategic subsea partner and a key tenant at the site…
Sempra Energy's unit Port Arthur LNG has started the federal permitting process for a major expansion of its liquefied natural gas export operations in Southeast Texas, according to a regulatory filing made on Wednesday.The proposed Port Arthur…
The U.S. Interior Department is preparing to ease environmental review requirements for some oil and gas exploration activities in Alaska's National Petroleum Reserve as part of the Trump administration's push to speed energy development in the Arctic…
Lighting specialist Glamox has won a contract to provide marine lighting for Formosa 4, one of Taiwan’s most significant offshore wind farms.Glamox signed the contract with ProCon Taiwan and SK oceanplant, and will supply 900 specialized marine lights for the transition pieces of 35 wind turbines…
Oil prices fell more than $2 a barrel on Wednesday as talks between Iran and Oman revived hopes that the Strait of Hormuz could reopen and remove shipping constraints affecting supply in the key Middle East region.Brent crude futures LCOc1 fell $2…
An Alaska federal judge on Monday threw out a lawsuit by environmental groups challenging President Donald Trump’s move to allow offshore drilling along broad swaths of previously protected coastline.U.S. District Judge Sharon L. Gleason found the lawsuit by groups…
Energy data and intelligence firm TGS has secured a one-month extension to the largest seismic streamer acquisition contract offshore Indonesia.The extension is scheduled to begin in August. TGS is conducting the job using Ramform Sovereign…
French oil major TotalEnergies will appoint a new exploration manager in Stavanger, Norway, to examine new projects in the country, its CEO said on Norwegian television on Monday.'The Norwegian continental shelf is a very prolific basin, we see it as having potential for the future…
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