As Australia takes steps to up its natural gas ante, Australian Energy Producers (AEP), representing the country’s upstream oil and gas exploration and production industry, has emphasized the importance of further exploration and production endeavors to avert potential gaps in gas supply from 2030.
The European Investment Bank (EIB) has approved a €490 million financing for an interconnection project that will end the electrical isolation of Greek islands located in the Northeast Aegean Sea. The IPTO North East Aegean Interconnection project will connect the island regions of Lemnos, Lesvos, C
After the portfolio recalibrations and restructuring marked the oil and gas industry’s landscape in 2025, Wood Mackenzie, an energy intelligence group, has outlined that the trend will continue in 2026, with oil and gas corporates expected to face “an even tougher strategic balancing act” this year.
With energy security still at the forefront, several liquefied natural gas (LNG) projects have been given the green light to proceed to production mode across the globe, with the United States (U.S.) running the show. As a result, 2025 marked the start of the next wave of LNG projects that are antic
As the global oil and gas story expands with new discoveries and projects, many operators have been laying the groundwork to make final investment decisions (FIDs) for the undeveloped assets in their portfolios. Since many companies decided to sanction their existing developments in 2025, Offshore E
While multiple consolidation moves have sprung up across the offshore energy and maritime arenas over the past 12 months, some never bore fruit. Offshore Energy has selected three business combination plays, regardless of whether they were born of truth or fiction, that did not make it to the finish
As the global consolidation momentum builds against the backdrop of ever-changing and challenging geopolitical conditions and energy realms, many companies engaged in the offshore drilling, subsea, hydrocarbon exploration and production (E&P), and maritime arenas are working to strengthen their plac
As the offshore energy sector continued to navigate the energy transition and technological development, but also uncertainty, 2025 saw continued shifts in policy, investment, and project development across the global energy landscape. To mark the year’s end, the Offshore Energy editorial team looks
The global oil and gas scene is witnessing a wave of consolidation moves through strategic mergers and acquisitions, especially in the United Kingdom (UK), where the windfall tax on oil and gas producers’ profits remains in force. The transformation across Britain’s hydrocarbon industry is gaining g
Brazilian state-owned energy giant Petrobras has made a final investment decision (FID) for a development in the Sergipe Alagoas Basin off the coast of Brazil. This project in the Northeast region is anticipated to expand the supply of gas.
Italy’s Saipem has secured additional work at the largest natural gas field in Türkiye as part of a new contract with Turkish Petroleum Offshore Technology Center (TP-OTC) worth approximately $425 million. The contract has been secured for the extension of the third phase of the Sakarya gas field de
London-listed oil and gas company Harbour Energy is taking over the operator role at a giant oil field in the Sureste Basin off the coast of Tabasco state.
Greece-headquartered shipping player Capital Clean Energy Carriers Corp. (CCEC) has tasked South Korea’s HD Hyundai Samho (Hyundai) to construct three liquefied natural gas (LNG) carriers (LNGC) set for delivery in 2028 and 2029.
Gulf Marine Services (GMS), a UAE-headquartered provider of self‐propelled, self‐elevating support vessels for the offshore energy sector, has secured more time for one of its mid-size vessels in the Gulf Cooperation Council (GCC) region.
