Houthi Attacks in Red Sea Sharply Increase
'This escalation since late May has heightened maritime security concerns', Rystad Energy Global Market Analysis Director Claudio Galimberti said....
Offshore
Sanctions Leaving Dozens of Oil Tankers Idle
Fifty-three ships that previously moved Russian oil reportedly remain empty and unused across the world......
Woodmac Has Been Predicting Offshore Rig Market Consolidation for a While
'With little appetite from owners to add new rigs as rig demand is flattening out, we believed growth would be inorganic', Wood Mackenzie's Principal Analy......
Mexican President Says Billionaire Slim Wants to Join Pemex in Natural Gas Project
Mexico’s President Andres Manuel Lopez Obrador said on Friday that businessman Carlos Slim is interested in participating in the country’s first deepwater natural gas project, working alongside state...
Brazil’s Lula Backs Petrobras Bid To Explore Offshore
President Luiz Inacio Lula da Silva on Wednesday threw his weight behind a push by state-run oil company Petrobras to explore…......
Production Starts At Senegal’s First Offshore Oilfield
Senegal joined the club of oil-producing countries on Tuesday as Australian group Woodside Energy announced that production had started in the west African country's first...
New Zealand Set to Scrap Oil, Gas Exploration Ban in H2
Prime Minister Christopher Luxon's administration had pledged to resume offshore oil and gas prospecting following last October's election....
Noble Corp Offers $1.6 bln for Rival Diamond Offshore to Strengthen Fleet
Offshore rig contractor Noble said on Monday it would buy smaller rival Diamond Offshore Drilling in a cash-and-stock deal valued at $1.59 billion, the latest in...
New Energy Source Powers Subsea Robots Indefinitely
When it comes to mapping new territory, NASA's record swamps Lewis and Clark's. And the space agency doesn't only chart other stars and planets—a vantage...
Researchers Develop Reusable “Sponge” for Soaking Up Marine Oil Spills – Even in Chilly Northern Waters
Oil spills, if not cleaned up quickly and effectively, can cause lasting damage to marine and coastal environments. That’s why a team of North American...