Given the reported damage and shutdowns impacting liquefied natural gas (LNG) assets, refineries, fuel terminals, and gas-to-liquids facilities across the Middle East region amid the military conflict between the U.S.-Israel alliance and Iran, Rystad Energy, an energy market intelligence group, estimates that the Gulf energy infrastructure has the potential to be saddled with $25 billion in repair costs. The post $25 billion price tag looms over Gulf energy infrastructure repairs, Rystad says appeared first on Offshore Energy.

Karoon Energy, an ASX-listed international oil and gas exploration and production company, has revealed two new appointments to fill the role of Executive Vice President (EVP) and Chief Financial Officer (CFO), alongside the position of EVP and Chief Commercial and Technical Officer (CCTO). The post Changes sweep across Karoon’s executive team with CFO and CCTO picks appeared first on Offshore Energy.

Norway’s Reach Subsea has appointed GeoForce Technical Services, part of Oceanscan and the wider […] The post Venterra’s GeoForce joins Reach Subsea on second Shetland HVDC link appeared first on Offshore Energy.

As the industry’s shift from automation-assisted drilling to repeatable, scalable well construction automation continues, the U.S.-headquartered oilfield services player Halliburton has tucked a new milestone under its belt by pooling resources with ExxonMobil, Sekal, Noble, and the Wells Alliance Guyana team to advance digital well construction off the coast of Guyana. The post New ‘industry’s first’ for Halliburton, ExxonMobil, Noble, Sekal, and Wells Alliance offshore Guyana appeared first on Offshore Energy.

The International Marine Contractors Association (IMCA) has appointed Hugo Bouvy, Managing Director of DEME […] The post New IMCA president comes from DEME appeared first on Offshore Energy.

ADES International, a subsidiary of ADES Holding Company, which is part of Saudi Arabia-headquartered ADES Group, has confirmed suspensions of operations for multiple rigs in its fleet as a result of the ongoing conflict between the U.S.-Israel alliance and Iran in the Middle East. The post Middle East crisis brings ‘temporary suspensions’ to some ADES rigs appeared first on Offshore Energy.

Italian cabling giant Prysmian, as the main contractor, has completed all subsea cabling in […] The post Leonardo da Vinci finishes cabling in UK waters for NeuConnect, goes to the Netherlands appeared first on Offshore Energy.

French technological containment specialist Gaztransport & Technigaz (GTT) has secured new tank design assignments for four liquefied natural gas (LNG) carriers (LNGCs) with China’s Hudong-Zhonghua shipyard. The post Chinese shipyard books GTT for tank design of LNG vessel quartet appeared first on Offshore Energy.

Norway’s transmission system operator (TSO) Statnett has awarded DOF Group with a contract defined […] The post Statnett chooses DOF for replacement of ageing subsea power cables appeared first on Offshore Energy.

Since the ignition of the conflict between the U.S. and Israel on one side and Iran on the other, the global markets have been on tenterhooks, as fears continue to grow over the impact the hostilities will have not just on the Middle East region but also the world at large, especially in terms of economy, energy security, and global supply chains, affecting all offshore energy and maritime realms across the globe, albeit to different degrees. The post Middle East conflict: Energy security risks and price shocks as market volatility hits supply chains appeared first on Offshore Energy.