SLB Beats Profit Forecasts, Unveils $4B Return Plan

Shell Buys Stakes in Angolan Offshore Blocks from Chevron

Shell has agreed to buy stakes in two undeveloped offshore blocks in ultra-deep waters offshore Angola from Chevron, the European energy major said on Tuesday.European…

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Bourbon Completes Financial Overhaul Under New Ownership

French offshore marine services company Bourbon has completed a financial and capital restructuring, with Davidson Kempner Capital Management LP and Fortress Investment…

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Jereh Group Delivers Oil Separation Systems for Petrobras’ FPSO Units

Chinese multinational oilfield equipment and services provider Jereh Group has delivered slop treatment units and oil purifiers to CIMC Raffles for Petrobras’ P84…

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Halliburton Launches Shankless Matrix-Body Drill Bit to Cut Well Time

U.S. oilfield services provider Halliburton has introduced the HyperSteer MX directional drill bit, a shankless matrix-body bit designed to improve durability, enhance directional control…

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ABS Grants Approval for Seatrium’s Next-Gen Offshore Substations

The American Bureau of Shipping (ABS) has issued approval in principle (AIP) to Seatrium for its next-generation offshore substation (OSS) design.Seatrium’s design features 500 MW OSS modules…

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Equinor Hires ABL to Support Northern Lights CCS Expansion

Energy and marine consultancy ABL has secured a contract by Equinor to provide marine warranty survey (MWS) services to the Northern Lights Phase 2 carbon capture and storage (CCS) project in Norway…

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High Costs, High Risk Cloud Trump’s Venezuela Oil Pitch

U.S. President Donald Trump is giving U.S. energy companies the opportunity to revive Venezuela’s massive, derelict oil industry. It’s an offer they may want to refuse…

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The SeaVorian Group Becomes RTsys Group

SeaVorian, a player in the field of marine and underwater technologies, announced that the group will now operate under the name RTsys Group, effective January 1, 2026. This change reflects the company's

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Submarine Group Two Commander Visits NUWC Newport

Rear Adm. Melvin R. Smith, commander of Submarine Group Two, visited the Naval Undersea Warfare Center (NUWC) Division Newport on Dec. 11, delivering a message of gratitude to the workforce during the

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Exail Receives Order for Several Hundred Mine Neutralization Drones

Exail has received an order for several hundred K-STER mine neutralization drones, destined for several navies. The new order, worth around €40 million ($47 million), is the second largest order for K-STER

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Missing Sofar Spotter Buoy in the Gulf

While 2025 was coming to an end, a Sofar spotter buoy that Flower Garden Banks National Marine Sanctuary staff refer to as Bob due to his minion-like characteristics became dislodged from its

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Oil executives say that the Trump administration did not consult US oil majors regarding Venezuela.

Four oil executives who are familiar with the situation say that the Trump administration didn't consult Exxon Mobil, ConocoPhillips or Chevron about Venezuela either before or after U…