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Eni Assessing Third FLNG Platform for Mozambique

10 hours ago

Italian energy group Eni is considering deploying a third Floating Liquefied Natural Gas (FLNG) platform offshore Mozambique, a company spokesperson said.Eni took a final investment decision on its second platform, Coral North, in October last year. That facility will double Mozambique's LNG output to over 7 million metric tons per annum once operational in 2028.The Eni spokesperson told Reuters the Rovuma Basin holds significant gas reserves that created opportunities for new developments…

Aqua superPower, Tidal Transit Partner on Electric CTVs

6 hours ago

Aqua superPower and Tidal Transit have formed a strategic partnership to support the deployment of electric crew transfer vessels (E-CTVs) for ports and harbors serving offshore infrastructure, including offshore wind projects.Under the agreement…

Liebherr Completes Offshore Crane Overhaul on ZITON’s Jack-Up Vessel

6 hours ago

Crane specialist Liebherr has completed an extensive inspection and refurbishment of a BOS 35000 offshore crane aboard ZITON’s jack-up vessel Wind Enterprise during a 10-day service campaign in Denmark.The board offshore crane was installed…

Eco Wave Power to Explore AI-Driven Wave Energy Optimization

9 hours ago

Eco Wave Power, via its U.S. subsidiary, has joined NVIDIA’s Inception program as the wave energy company explores artificial intelligence (AI) applications for renewable energy infrastructure and energy management systems.Eco Wave Power U.S…

Oil Prices Ease as US Holds Off Renewed Strikes Against Iran

10 hours ago

Oil fell by nearly 2% on Tuesday after U.S. President Donald Trump said he had paused a planned attack on Iran to allow for negotiations to end the war in the Middle East.Trump posted on social media on Monday that he was holding off on a planned military attack on Iran scheduled for Tuesday…

NextEra CEO Positive About Dominion Offshore Wind Project

May 18, 2026

The chief executive of NextEra Energy said on Monday that his company felt good about Dominion's investment in offshore wind, a technology he has disparaged in the past.CEO John Ketchum made the remarks on a call with investors to discuss NextEra's $66…

Ulstein Delivers Cable Layer Newbuild to Nexans

May 18, 2026

Norwegian shipbuilder Ulstein Verft has delivered Nexans Electra, a DP3 cable‑laying vessel (CLV), to Nexans, strengthening its capacity to install advanced subsea power and communication cable systems.The CLV Nexans Electra is a sister vessel to the CLV Nexans Aurora…

Velesto Secures Malaysia Drilling Deal with Hibiscus

May 18, 2026

Malaysia’s oil and gas services firm Velesto Energy, through its subsidiary Velesto Drilling, has secured a contract from Hibiscus Oil & Gas Malaysia for a 2026 offshore drilling campaign in Malaysia.The company said the award marks its first…

Viridien Kicks Off Multi-Client OBN Survey in North Sea’s Frigg Area

May 18, 2026

Viridien has launched a dense multi-client ocean bottom node (OBN) survey survey in the Frigg area of the Central Noth Sea.The survey area covers 645 km2, straddling the UK and Norwegian sectors, with the final processed deliverables expected to be available in the third quarter of 2027…

Oil Climbs Above $110 After Gulf Drone Attacks Raise Supply Fears

May 18, 2026

Oil prices extended gains on Monday as efforts to end the Iran war appeared to have stalled, after a nuclear power plant in the United Arab Emirates came under attack and as U.S. President Donald Trump is expected to discuss military options on Iran…

Global Businesses Face Mounting $25 Billion Fallout From Iran War

May 18, 2026

The U.S.-Israeli war with Iran has already cost companies around the world at least $25 billion - and the bill is climbing, according to a Reuters analysis.A review of corporate statements since the start of the conflict by companies listed in the United States…

UAE Speeds Up Pipeline Project to Help Bypass Hormuz

May 15, 2026

The United Arab Emirates will accelerate construction of a new oil pipeline to double its export capacity via the port of Fujairah by 2027, the government's Abu Dhabi Media Office said on Friday, vastly expanding its ability to bypass the Strait of Hormuz…

Oil Edges Higher as Markets Watch US-China Summit

May 14, 2026

Oil prices edged up on Thursday, with markets focusing on the high-stakes meeting between U.S. President Donald Trump and Chinese President Xi Jinping to see if it will yield any positive results towards a resolution for the Iran war.Trump is…

Hard-to-Abate Reality Check: DNV on CCS Growth, Costs, and the Policy Gap

May 13, 2026

Carbon capture and storage (CCS) has moved beyond theoretical climate modelling into the realm of infrastructure planning, capital allocation, and regulatory design. DNV’s latest Energy Transition Outlook for CCS characterizes 2025 as a critical year…

Iraq, Pakistan Secure Oil Shipments via Hormuz with Iran Agreements

May 13, 2026

Both Iraq and Pakistan have cut deals with Iran to ship oil and liquefied natural gas from the Gulf, according to five sources with knowledge of the matter, in a demonstration of Tehran's ability to control energy flows through the Strait of Hormuz…

Current News

Wison Starts Topsides Fabrication for Türkiye’s Sakarya Deepwater FPU

Wison Starts Topsides Fabrication for Türkiye’s Sakarya Deepwater FPU

Oil Prices Ease as US Holds Off Renewed Strikes Against Iran

Oil Prices Ease as US Holds Off Renewed Strikes Against Iran

Velesto Secures Malaysia Drilling Deal with Hibiscus

Velesto Secures Malaysia Drilling Deal with Hibiscus

Yinson Production, PTSC Raise Over $130M for Vietnam’s Block B FSO

Yinson Production, PTSC Raise Over $130M for Vietnam’s Block B FSO

Oil Climbs Above $110 After Gulf Drone Attacks Raise Supply Fears

Oil Climbs Above $110 After Gulf Drone Attacks Raise Supply Fears

Global Businesses Face Mounting $25 Billion Fallout From Iran War

Global Businesses Face Mounting $25 Billion Fallout From Iran War

ScioSense Launches UFC23 Ultrasonic Flow Converter for High-Precision, Ultra-Low-Power Smart Metering

ScioSense Launches UFC23 Ultrasonic Flow Converter for High-Precision, Ultra-Low-Power Smart Metering

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Agnico Eagle will redevelop Hope Bay in Canada's Arctic.
Chairman of India's BPCL says that the company reviews its oil imports every day and buys more on the spot amid Iran War.
Bessent will examine US sanctions list and urge more disruption of Iran's financial system
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