SLB Beats Profit Forecasts, Unveils $4B Return Plan

ASRY Completes Multiple Rig Upgrades for ADES

The Arab Shipbuilding and Repair Yard Company (ASRY) has completed several rig repair and upgrade projects for Saudi-based ADES Holding, strengthening the partnership between the two companies…

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Ørsted Closes $6B Hornsea 3 Offshore Wind Deal with Apollo

Ørsted has completed the divestment of a 50% stake in its 2.9 GW Hornsea 3 offshore wind project in the U.K. to funds managed by Apollo, closing a transaction first announced in

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Subsea Vessel Market Outlook 'Robust' for 2026

Throughout 2025 we have seen the subsea vessel market transitioning from a period of record highs towards a more cautious, but still fundamentally strong, outlook. While short-term activity and rates have softened

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FPSO off Brazil Stabilizing Production After Halt

Production at Brazilian state-run oil firm Petrobras' P-69 offshore oil platform, in the country's Tupi field, was temporarily interrupted due to a routine safety procedure…

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Surprise Gas Hit Adds Momentum to ConocoPhillips’ Australian Drilling Ops

An offshore gas exploration well operated by ConocoPhillips Australia has intersected unexpected gas in the Otway Basin off southeastern Australia, prompting a temporary…

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India Claims $30b from Reliance Industries, BP for Underproduction

India is seeking over $30 billion in compensation from Reliance Industries and BP in an arbitration case for gas it says the companies failed to produce from offshore fields…

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"No Find, No Fee" Search for MH370 to Commence

Nearly 12 years after Malaysia Airlines Flight MH370 vanished with 239 people on board, the mystery remains unresolved. Later this month, a new seabed search is scheduled to begin in the southern Indian

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USACE's Major General Jason Kelly & Modernizing America’s Waterways

For Major General Jason Kelly, Rebuilding and Maintaining the Nation’s Critical Waterway Infrastructure is personal.When Major General Jason Kelly reflects on his path to leading the United States Army Corps of Engineers’

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Prysmian, Fincantieri to buy Xtera in Subsea Telecom Cables Push

A Prysmian-led joint venture with Fincantieri has signed an agreement to acquire Xtera Topco Limited, a UK- and US-based provider of turnkey subsea telecom systems, in a move that expands Prysmian’s presence

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Vestas Books First South Korean Offshore Wind Order

Vestas has received a 390 MW order for the Shinan-Ui offshore wind project in Jeollanam Province in South Korea.The project is developed by Shinan-Ui Offshore Wind…

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Saipem Extends Charter, Purchase Option for Deep Value Driller Drillship

Deep Value Driller has agreed with Saipem to extend the bareboat charter for its seventh-generation drillship Deep Value Driller and to prolong the period during…

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Woodside, BOTAŞ Shake Hands on Long-Term LNG Supply Deal

Australia’s Woodside Energy has finalized a long-term liquefied natural gas supply agreement with Türkiye’s state pipeline operator BOTAŞ, marking Woodside’s first…