Global demand for liquefied natural gas is estimated to rise by around 60% by 2040, driven largely by economic growth in Asia, AI impact and efforts to cut emissions…
Green Marine UK Bolsters Subsea Services Unit with Major Investment
Orkney-based marine services firm Green Marine UK has announced a seven-figure capital
Galp Makes Another Oil and Gas Discovery at Orange Basin Off Namibia
Galp, together with its partners NAMCOR and Custos, has hit oil and
Drilling Ops Restart at Zohr Gas Field Offshore Egypt
Egypt's petroleum minister Karim Badawi said on Tuesday that drilling work for the development of the Zohr gas field resumed in mid-February.Production had been…
US Enacts Fresh Sanctions on Iran's Shadow Oil Fleet
The United States imposed a fresh round of sanctions targeting Iran's oil industry on Monday, hitting more than 30 brokers, tanker operators, and shipping companies…
Woodside’s Profit Hits Three-Year Low
Australian oil and gas major Woodside Energy reported its smallest annual underlying profit in three years on Tuesday, hurt by lower realised prices, but maintained…
Guyana Holding Out for Exxon's Gas Development Plans
Guyana's government expects a consortium led by U.S. oil major Exxon Mobil to brief officials by the end of March on plans to develop offshore gas, the country's vice president told Reuters…
Chinese Rover said to Find Evidence of Martian Ocean, Beaches
China’s Zhurong rover reportedly uncovered evidence beneath Mars’ surface that appears to be ancient sandy beaches, hinting at the remnants of a vast ocean shoreline. Using ground-penetrating radar, the rover revealed layers of sand-like
Baltic Sea Subsea Damage may have Occurred in January
Finland's telecoms operator said the damage reported last week to its C-Lion1 telecoms cable in the Baltic Sea may have occurred as early as January 26, the same day a cargo ship
KOTUG Completes SPM Buoy Upgrade for Azule Energy
KOTUG completed the replacement of the bogie wheel and rail system on
Wood Mackenzie Projects $73/Barrel in '25
According to its latest market outlook, Wood Mackenzie projects that Brent crude oil prices will average $73.00 per barrel (bbl) in 2025. The forecast considers geopolitical and economic factors…
First Wind-Powered Offshore Gas Platform Loaded Out in the Dutch North Sea
The N05-A platform is the first offshore gas platform in the Dutch North Sea to be powered entirely by wind power – harnessing electricity via cable from the nearby 113…
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