Stay up to date with the latest news and updates from the oil industry.
Viridien announced today the commencement of CDI25, a 6555 km² seismic reimaging project in the Tano Basin, Côte d’Ivoire, delivering a drill-ready multi-client dataset for explorers pursuing opportunities along the West African Atlantic margin.
INEOS Energy and Shell Offshore Inc., a subsidiary of Shell plc, have today agreed to jointly invest in exploration and development opportunities, strengthening their collaboration and supporting long-term energy security, from areas in tieback distance to the Appomattox platform in the Gulf of Mexico.
The Iran conflict and the resultant supply chain disruptions arising from the Strait of Hormuz blockade makes ‘geopolitics’ and ‘supply chain’ as the key themes impacting the oil and gas industry in 2026.
The investment reflects the company’s continued evolution from its origins in survey rental to a broader subsea technology and engineering provider.
GLND intends to use the net proceeds from the offering to fund exploration and appraisal activities in the Jameson Land Basin (Jameson), as well as for general corporate purposes.
Subsea7 today announced the award of a substantial engineering, procurement, construction, and installation (EPCI) contract by ExxonMobil to Subsea Integration Alliance (SIA) for a subsea tie-back associated with the Redevelopment 2.0 Likembe Project in Block 15, offshore Angola.
JDR will supply approximately 18 km of hydraulic control umbilicals, with options for a further 13 km, subject to drilling success.
The United Arab Emirates' withdrawal from OPEC, effective 1 May 2026, represents the most significant fracture in the organization's 66-year history and increases the risk of oversupply weakening prices, according to analysis published today by Wood Mackenzie.
The project, led by Geolander, will support a major oil and gas operator’s carbon capture and storage (CCS) ambitions by improving understanding of subsurface conditions and storage potential.
The Middle East conflict disrupted 80 million tpy of Gulf LNG exports, yet power markets absorbed the shock through fuel diversification.
Forum Energy Technologies (FET) has unveiled its latest innovation in subsea handling equipment, the Model 6000 (M6000) Launch and Recovery System (LARS).
Odfjell Technology has signed a Memorandum of Understanding (MoU) with Applied New Technologies (ANT) to work together to deliver a next generation erosion tool for well plug and abandonment (P&A) projects across Southeast Asia.