Subsea7 has secured an extension to the contract with Turkish Petroleum Offshore Technology Center (TP-OTC) announced in August 2025 for the third development phase of Türkiye’s largest natural gas field. The variation order announced today, March 4, represents an extension to the contract announced
IKM Testing UK, an integrated solutions provider within the IKM Group, has got hold of a new offshore assignment with Aberdeen-headquartered Dana Petroleum (E&P) for a floating production, storage, and offloading (FPSO) unit working in the UK sector of the North Sea.
Given the large quantities of oil and gas in so-called tight reservoirs on the Norwegian Continental Shelf (NCS), the Norwegian Offshore Directorate (NOD), reporting to Norway’s Ministry of Energy, has shed light on ways to speed up the oil and gas production from tight reservoirs off the coast of N
Sabah Shell Petroleum Company (SSPC), the Malaysian business arm of the UK-headquartered energy giant Shell, has hired Velesto Workover, a subsidiary of Malaysia’s Velesto Energy, to assist during its deepwater activities off the coast of Sabah.
Subsea7’s Chief Executive Officer (CEO) John Evans will retire as of July after having been with the company for 40 years, and will be succeeded by the current Seaway7 CEO. Evans has worked for Subsea7 and its predecessor companies for 40 years, having previously been Subsea7 COO for 14 years and CE
Brazilian oil and gas company PRIO, formerly known as PetroRio, has picked up an operating license for a subsea tie-back project in the Campos basin off the coast of Brazil.
Venture Global, an American producer of liquefied natural gas (LNG) sourced from North American basins, has secured a long-term LNG agreement with Singapore-headquartered Trafigura.
Qatar’s state-owned oil & gas giant QatarEnergy has opted to clamp down on output by cutting off the production flow of liquefied natural gas (LNG) and associated products in the wake of the attack on Iran, which the U.S. and Israel launched over the weekend.
Norway’s state-owned energy giant Equinor has wrapped up its investigation into a well control incident that occurred on a semi-submersible rig working in the Norwegian sector of the North Sea. This incident is classified as being in the company’s highest category of severity.
Norwegian state-owned energy giant Equinor has found more black gold in the North Sea off the coast of Norway, thanks to drilling activities with one of Odfjell Drilling’s semi-submersible rigs.
West Natuna Exploration Limited (WNEL), a majority-owned subsidiary of Singapore-headquartered natural gas player Conrad Asia Energy, has taken a step to secure future gas supply by greenlighting a final investment decision (FID) for a natural gas field in the West Natuna Sea off the coast of Indone
Israel’s Navitas Petroleum has locked in the increase of its oil and gas footprint off the coast of the Falkland Islands by firming up a deal to get a lion’s share in a license within the North Falkland Basin.
Malaysia’s Velesto Energy, owner of premium jack-up rigs, has landed a multi-year drilling assignment for one of its rigs with Petronas Carigali, a subsidiary of the Asian country’s energy giant Petronas.
As the closure of the Strait of Hormuz, through which 15% of global oil and 20% of global liquefied natural gas (LNG) supply flows, evokes fears of a major energy shock, analysts at Wood Mackenzie, an energy intelligence group, have warned that oil prices could surge past $100 a barrel (bbl), if flo
