Global oil and gas operators are prioritizing low-risk, low-cost near field or infrastructure-led exploration (ILX) prospects as budgets tighten, rather than the more expensive high-risk hydrocarbon exploration plays.
Gulf Marine Services (GMS), a UAE-headquartered provider of self‐propelled, self‐elevating support vessels to the offshore energy industry, has secured a contract for one of its large‐class vessels in the Gulf Cooperation Council (GCC).
Aramco has signed a multi-year liquefied natural gas (LNG) sale and purchase agreement (SPA) with the Houston-headquartered NextDecade Corporation, ensuring offtake from an LNG export project located in Texas, United States (U.S.).
Spanish LNG terminal operator Reganosa Group has expanded its global footprint to 30 countries.
Wood Mackenzie has underlined that the U.S. power industry is among the most exposed areas to the shockwaves of U.S. President Donald Trump’s tariff hikes, which are forecast to result in a slower global growth and weaker demand for many commodities, including oil.
ExxonMobil LNG, a subsidiary of the U.S. energy giant ExxonMobil, has named two liquefied natural gas (LNG) tankers it will charter from South Korea’s H-Line Shipping.
ADES has tucked a multi-year contract renewal in the Kingdom of Saudi Arabia (KSA) under its belt, which enables one of its previously suspended jack-ups to work for Aramco once again.
Malaysia’s Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson Holdings, has decided to equip its floating production storage and offloading (FPSO) unit with two cranes made by construction equipment manufacturer Liebherr.
Borr Drilling has secured a batch of assignments for three jack-up rigs and shed more light on the contracting developments and movements across the rest of its jack-up fleet.
KE STP and BG International, subsidiaries of UK-headquartered energy giant Shell operating in Suriname, have signed a contract with Stena Drilling for a mobile offshore drilling unit (MODU) from its fleet.
The United States Department of the Interior has instructed its Bureau of Ocean Energy Management (BOEM) to hold the next scheduled oil and gas lease sale in the Gulf of America.
Poland’s gas transmission system operator Gaz-System has selected the general contractor for the offshore portion of the floating storage and regasification unit (FSRU) that will form part of the country’s liquefied natural gas (LNG) terminal in the Gulf of Gdańsk.
Partners in a natural gas redevelopment project in the Danish sector of the North Sea expect the project to reach its full technical capacity this week, following a month-long hiatus due to an operational obstacle.
Lime Petroleum, a Norwegian subsidiary of Singapore’s Rex International, has signed a contract with Borr Drilling for a modern-built jack-up rig from its fleet to be used for a drilling campaign in West Africa.
