trends

ABS, a global leader in providing classification services for marine and offshore assets, with Akselos S.A., a global leader in structural performance management software; announced today a deepening of its cooperation with the joint completion of technical […]

ADNOC Gas has announced net income of $1.27 billion and EBITDA of $2.16 billion for the first quarter of 2025, exceeding the equivalent quarter in 2024 by 7% and 4% respectively.  ADNOC Gas […]

Valaris Limited has been awarded a five-well contract offshore West Africa for drillship VALARIS DS-15. The contract is expected to commence in the third quarter 2026. The total contract value, based on an […]

Subsea7 has secured a super-major contract1 with Petrobras, after winning a competitive tender, for the development of the Búzios 11 field located approximately 180 kilometers off the coast of the state of Rio […]

Golar LNG has reached final investment decision (FID) for the 20-year re-deployment charter of the FLNG Hilli Episeyo (FLNG Hilli), first announced on July 5, 2024. The vessel will be chartered to Southern Energy S.A. […]

The Railroad Commission of Texas assessed $1,372,720 in enforcement docket fines against operators and businesses at the Commissioners’ open meeting on Tuesday.  The Commission has primary oversight and enforcement of the state’s oil […]

(Bloomberg) — Exxon Mobil Corp. and Chevron Corp. are likely to shoulder more of the Permian basin’s oil growth as independent producers cut back due to falling crude prices.  Chevron operations in the […]

National Ocean Industries Association (NOIA) President Erik Milito issued a statement on Friday in support of the House Natural Resources Committee reconciliation package:  “Chairman Westerman’s bill is a game-changer for offshore energy, delivering […]

Equinor has entered into agreements with Brazilian company PRIO to sell its 60% operated interest in the Peregrino field in Brazil for a total value of $3.5 billion USD. PRIO, Brazil’s largest independent […]

Cairn Oil & Gas, India’s largest private oil and gas E&P company, is partnering with Norway-based Electromagnetic Geoservices (EMGS), to acquire a 3D Controlled Source Electro-magnetic (CSEM) survey for its exploration campaign in the deepwater […]