Blog

As idle rig times loom in the U.S. Gulf this year, Westwood Global Energy, an energy market research and consultancy firm, has pointed out that the supply, demand, and utilization for drillships are set to pick up the pace in 2026, with long-term fundamentals in the offshore drilling market painting a picture of busy times ahead for the drillship fleet in the future. The post US Gulf rig fleet facing ‘steep’ drop in activity but improvements on the cards next year appeared first on Offshore Energy.

Norwegian state-owned energy giant Equinor has brought on stream a field it operates in the Barents Sea, which is expected to produce for 30 years. The post Oil production starts at Equinor’s Norwegian field, ushering in ‘new era’ for Barents Sea appeared first on Offshore Energy.

Wave energy developer Eco Wave Power has appointed Vistra Energy board member Hilary E. […] The post Eco Wave Power adds Vistra Energy board member to its advisory board appeared first on Offshore Energy.

Singapore-based ship owner and operator BW LPG has signed a memorandum of agreement (MOA) […] The post BW LPG to offload two eco-friendly VLGCs to Indian JV appeared first on Offshore Energy.

TGS is scheduled to start geophysical survey work across the Dogger Bank South (DBS) […] The post TGS to conduct geophysical survey at RWE’s Dogger Bank South offshore wind farm sites appeared first on Offshore Energy.

The board of directors of Bermuda-headquartered liquefied natural gas (LNG) shipping company Flex LNG has accepted the resignation of its Chief Executive Officer (CEO). The post After 7.5-years with Flex LNG, CEO quits to pursue other opportunities appeared first on Offshore Energy.

SeaRenergy has strengthened its offshore supply capabilities in the North Sea, thanks to a long-term charter agreement with Britoil Offshore Services for a 15-year-old platform supply vessel (PSV), which will support the installation and commissioning of converter platforms and be available for any other supply duties in the German Bight and the UK sector of the North Sea. The post Britoil’s 2010-built vessel bolsters German player’s North Sea energy projects’ supply ops appeared first on Offshore Energy.

Norway-based energy storage company Corvus Energy has opened a new office in Shanghai, China, to support the shipowners, shipyards, integrators, as well as other partners involved in the country’s shipbuilding industry. The post Corvus Energy expands its presence in China to support local shipbuilding industry appeared first on Offshore Energy.

A jack-up rig owned by offshore drilling contractor Valaris has arrived in Australia to start working on a drilling campaign for the Singapore-headquartered oil and gas player Jadestone Energy. The post Valaris rig gearing up for ‘main activity’ in Jadestone’s 2025 drilling program appeared first on Offshore Energy.

Israel’s Ministry of Energy and Infrastructure has put its stamp of approval on six licenses in a fourth competitive process for natural gas exploration in the State of Israel’s Exclusive Economic Zone (EEZ). The list of license winners entails Azerbaijan’s SOCAR, NewMed Energy – former Delek Drilling – and Britain’s BP. The post BP and SOCAR join NewMed in grabbing slice of multi-license gas exploration pie off Israel appeared first on Offshore Energy.