Boskalis Subsea Services Secures Decom Work for Shell
Boskalis Subsea Services has secured a multi-million-dollar offshore decommissioning contract with Shell UK. The award marks the first decommissioning-specific project…
Middle East
Oil Market Report – March 2026
About this report The IEA Oil Market Report (OMR) is one of the world’s most authoritative and timely sources of…
South America
TotalEnergies – Brazil: Start-up of Lapa South-West
TotalEnergies (48%, operator) announces the start-up of the Lapa South-West project, located in the Santos Basin, approximately 300 kilometers offshore…
North America
BP, Chevron were top spenders at US Gulf of Mexico oil and gas auction
A sale of drilling rights in the Gulf of Mexico on Wednesday ended with $46.98 million in high bids from…
Europe
Germany’s Oil and Gas Output Is Dwindling as Prices Rise
Natural gas production in Germany has fallen about 80 percent in the past two decades even as the country seeks…
Middle East
Middle East conflict puts up to 2 million bpd of Gulf refining capacity under threat – Rystad Energy’s Oil Market Update
As the Strait of Hormuz remains closed in the wake of the US-Iran military escalation, Gulf countries’ oil inventory levels…
Middle East
ExxonMobil Scales Back Middle East Operations, Evacuates Staff
Exxon Mobil has evacuated non-essential employees from its operations in the Middle East, CEO Darren Woods said in an interview…
Middle East
Slow Depletion of Big Reserves Exposes Kuwait to Oil Demand Risks
Kuwait risks becoming the custodian of a vast, stranded asset if it cannot align its production pace with the closing…
Asia
SLB OneSubsea wins contract for work offshore Malaysia
PTTEP subsidiary gives deal to joint venture for Kikeh 3B’s second phase SLB OneSubsea has won a major subsea production…
Europe
N-Sea Expands Fleet with Offshore Support Vessel Newbuild
N-Sea Group has entered into a long-term charter agreement with Rederij Groen for the newbuild offshore support vessel Dominus, which…
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