Offshore Engineer

An ExxonMobil-led joint venture has recovered the billions of dollars it invested to develop a large oilfield in Guyana, its chief financial officer told Reuters, and the South American country …

ExxonMobil missed Wall Street estimates for second-quarter profit on Friday, despite notching its biggest quarterly profit in four years amid higher oil prices and improved refining margins driven by the …

Chevron surpassed analyst estimates for second-quarter earnings on Friday, reporting its highest quarterly profit in at least six years as the U.S.-Israeli war with Iran disrupts world energy markets, boosting …

Shell has agreed to sell its wholly owned subsidiary BG Cyprus to MOL Group for up to $720 million, giving the Hungarian energy company a 35% stake in Cyprus' Aphrodite …

DOF Group has secured long-term contract extensions with Petrobras for the Skandi Buzios and Skandi Recife pipelay support vessels (PLSVs), extending both contracts into January 2028. Following negotiations with Petrobras, …

France has selected five ports to receive nearly $300 million (€260 million) in funding under the France 2030 investment program to support infrastructure upgrades for the country's floating offshore wind …

Dutch geological data specialist Fugro said on Friday the offshore wind downturn has yet to bottom out and that a recovery was not expected before 2027, sending its shares down …

BP has launched a process to market its North Sea business for a potential sale as part of its ongoing portfolio review. The company said the decision reflects its disciplined …

DOF Group ASA has been awarded firm contracts with a duration of more than 1 year and expected commencement in Q1 of 2027 for two of its AHTS vessels. The …

Rosenxt Holding USA LLC, part of the Rosenxt Group, announced the acquisition of Zupt LLC, a Houston-based specialist in subsea metrology, advanced 3D subsea inspection, offshore survey engineering along with …

EU antitrust regulators have extended their deadline on whether to clear Italian energy contractor Saipem's merger with Norwegian peer Subsea 7 by about three weeks, according to a European Commission …

New Zealand has awarded its first new offshore petroleum exploration permit since the government reversed a ban on offshore oil and gas exploration, granting EnZed Energy rights to explore a …

A drone caused the fire that engulfed two gas vessels at Egypt's Mediterranean port of Damietta, the Egyptian cabinet said on Thursday, confirming for the first time that the blaze …

CS Wind has delivered the first transition pieces for Vattenfall's Nordlicht offshore wind project, marking the start of shipments to what is set to become Germany's largest offshore wind development. …

Azule Energy, jointly owned by Eni and BP, has started construction of the topside process modules for the Greater PAJ floating production, storage and offloading (FPSO) vessel, with the first …

Shearwater Geoservices has been awarded a contract to conduct a 3D seismic survey to support appraisal of carbon storage potential in the Bonaparte Basin offshore northern Australia. The survey is …

Shell's net profit more than doubled from last year to $9.84 billion in the second quarter, beating expectations, helped by higher energy prices and increased market volatility during the Middle …

A QatarEnergy-controlled liquefied natural gas tanker exited the Strait of Hormuz overnight, the first such vessel recorded by ship-tracking data leaving the waterway since July 11, data from analytics firms …

Oil prices rose for a second day on Thursday as renewed attacks between the United States and Iran disrupted oil flows through key shipping routes. Brent futures LCOc1 rose $1.06, …

BP has started production from its Atlantis Major Facility Expansion project in the U.S. Gulf of America, adding new water injection capacity to boost oil recovery and extend the life …

Dragon Oil, Carlyle Group, Energean and Artemis Energy are among the groups expected to bid this week for assets in BP's West Nile Delta natural gas development off Egypt, three …

Uniper has signed a long-term agreement to purchase 2 million tonnes per annum (mtpa) of liquefied natural gas (LNG) from Canada's proposed Ksi Lisims LNG project, marking the first major …

TGS has been hired for an ocean-bottom node (OBN) seismic survey in the Africa, Mediterranean and Middle East (AMME) region, with offshore operations scheduled to begin in the fourth quarter. …

Northern Lights joint venture has taken delivery of its fourth dedicated liquefied CO2 (LCO2) carrier, completing the vessel fleet required for the first phase of its carbon capture and storage …

Dutch offshore contractor Allseas has secured a contract by Western LNG to install the critical subsea section of the Prince Rupert Gas Transmission (PRGT) pipeline, a key component of the …

Italian energy group Eni on Wednesday lifted its share buyback programme by €600 million to €3.4 billion ($3.9 billion) after reporting better than expected second-quarter results. The company's adjusted net …

BC Ventures, a 50/50 joint venture between Borr Drilling and its long-term well construction partner in Mexico, has completed the previously announced acquisition of five premium jack-up drilling rigs from …

Tehran has ruled out Oman's proposal for regional joint management of the Strait of Hormuz, a senior Iranian official told Reuters on Wednesday, scuppering hopes for a resolution to the …

Australia's Woodside Energy reported a 28% rise in second-quarter revenue on Wednesday and narrowed its annual production forecast, citing strong operational performance and high reliability across its assets. The company …

Nauticus Robotics has completed the first prototype of its next-generation electric manipulator, marking a milestone in the company's strategy to expand its portfolio of autonomous subsea intervention technologies. The manipulator …

Seatrium has received Approval in Principle (AiP) from Bureau Veritas Marine & Offshore for its 30 MW Floating Data Centre (FDC) concept, marking a milestone in the development of offshore …

Keppel has launched a program to monetize up to 10 legacy offshore drilling rigs through a newly established Keppel Offshore Fund (KOF), in a transaction valued at approximately $2.86 billion …

Talos Energy has agreed to acquire a 50% working interest in Block 29 offshore Mexico from Repsol, expanding its international portfolio with a pre-final investment decision oil development that includes …

Italian oil and gas contractor Saipem on Monday revised down its expectations for 2026 core earnings to take into account extra costs linked to the Middle East crisis. The de-consolidation …

Baker Hughes said on Monday it expects annual global spending by oil and gas producers to decline modestly this year, with growth in Latin America, offshore Africa, and North America …

Eni and TotalEnergies have taken a final investment decision (FID) to develop the Cronos gas field offshore Cyprus, paving the way for the country's first gas project and creating a …

Demand for high-capability offshore support vessels for floating offshore wind is expected to strengthen in the late 2020s, with availability constraints emerging in some segments as early as 2029, according …

Apollo Global Management will invest $1.5 billion in Singapore-based Keppel's new private fund that will hold six operational oil rigs, the two companies said on Monday. The deal will help …

Baker Hughes has secured a major order from Venture Global LNG to supply liquefaction technology for the expansion of the CP2 LNG project in Louisiana, extending the companies' long-standing partnership …

Seatrium Offshore Renewable Services (ORS) has begun construction of a new operations hub in the UK to expand its offshore wind capabilities and support a growing pipeline of renewable energy …

The Western Australian government has granted State Significant Project status to the proposed Browse to North West Shelf Project, providing priority government support as the Woodside-led Browse Joint Venture advances …

Saipem has won two contracts from Eni worth a combined $910 million (€800 million) for work on the Baleine Phase 3 offshore development in Ivory Coast and the expansion of …

Serica Energy has agreed to acquire Pharos Energy in a cash deal valuing the London-listed oil and gas producer at approximately 145.7 million pounds ($194.5 million), prompting Pharos to withdraw …

Portuguese energy company Galp Energia posted a 45% jump in second-quarter adjusted net profit on Monday, boosted by higher oil output in Brazil and stronger crude prices and refining margins …

KOIL Energy has secured its first contract in Brazil for subsea umbilical maintenance services, marking the company's entry into the world's largest deepwater offshore market. The contract covers the re-termination …

Dutch offshore contractor Allseas has completed one of the most extensive renewal and upgrade programs in the history of its pipelay vessel Solitaire, paving the way for the ship's return …

BW Ideol and French construction group NGE have formed an equal partnership to develop a floating foundation manufacturing facility in southern France, aiming to support the rollout of floating offshore …

U.S.-based oilfield services company Expro has completed its acquisition of Norwegian managed pressure drilling (MPD) specialist Enhanced Drilling for approximately $208 million (NOK 2 billion), expanding its portfolio with drilling …

Oil futures prices fell over 3% on Friday but are still set for hefty weekly gains because of concerns about disrupted energy flows in the Red Sea and fears of …

The PosHYdon pilot project has produced its first green hydrogen on an operational offshore platform in the Dutch North Sea, marking a key milestone for a project integrating offshore wind …