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Given that the number of players engaged in high-impact (HI) oil and gas exploration operations has been cut in half since 2014, Westwood Global Energy, an energy market research and consultancy firm, has warned about the uncertainty surrounding new hydrocarbon search attempts, while emphasizing the need for a new wave of exploration firms to be created and for existing companies to return to drilling activities, if exploration endeavors are to increase in the future. The post Downturn in high-impact exploration: Is revival of oil & gas drilling appetite on the cards? appeared first on Offshore Energy.

As Australia takes steps to up its natural gas ante, Australian Energy Producers (AEP), representing the country’s upstream oil and gas exploration and production industry, has emphasized the importance of further exploration and production endeavors to avert potential gaps in gas supply from 2030. The post New gas supply key to staving off shortfalls looming on Australia’s energy horizon appeared first on Offshore Energy.

The European Investment Bank (EIB) has approved a €490 million financing for an interconnection […] The post EIB commits €490M to Greek link that will end electrical isolation of Northeast Aegan islands appeared first on Offshore Energy.

After the portfolio recalibrations and restructuring marked the oil and gas industry’s landscape in 2025, Wood Mackenzie, an energy intelligence group, has outlined that the trend will continue in 2026, with oil and gas corporates expected to face “an even tougher strategic balancing act” this year. The post Investment shift from low carbon toward upstream to continue in 2026 appeared first on Offshore Energy.

With energy security still at the forefront, several liquefied natural gas (LNG) projects have been given the green light to proceed to production mode across the globe, with the United States (U.S.) running the show. As a result, 2025 marked the start of the next wave of LNG projects that are anticipated to enrich the global energy mix. The post 2025 at a glance: LNG wave sweeps across global gas markets appeared first on Offshore Energy.

As the global oil and gas story expands with new discoveries and projects, many operators have been laying the groundwork to make final investment decisions (FIDs) for the undeveloped assets in their portfolios. Since many companies decided to sanction their existing developments in 2025, Offshore Energy has made a collection featuring some of these moves. The post Throwback: Top oil & gas final investment decision picks appeared first on Offshore Energy.

While multiple consolidation moves have sprung up across the offshore energy and maritime arenas over the past 12 months, some never bore fruit. Offshore Energy has selected three business combination plays, regardless whether they were born of truth or fiction, that did not make it to the finish line despite the initial optimism and euphoria. The post 2025’s greatest trio of oil & gas, FPSO, and LNG mergers that never came to fruition appeared first on Offshore Energy.

As the global consolidation momentum builds against the backdrop of ever-changing and challenging geopolitical conditions and energy realms, many companies engaged in the offshore drilling, subsea, hydrocarbon exploration and production (E&P), and maritime arenas are working to strengthen their place in the offshore industry’s pyramid. Offshore Energy has curated a list of ten developments that encompass some of the most interesting market consolidation plays that occurred in 2025. The post Ten big consolidation moves across rig, oil & gas, and shipping spheres appeared first on Offshore Energy.

As the offshore energy sector continued to navigate the energy transition and technological development, […] The post Readers’ choice: Offshore Energy’s most-read news in 2025 appeared first on Offshore Energy.