Xodus Group will support environmental approvals for the next phases of Australia’s Northern Endeavour Decommissioning Program, including subsea well plugging and abandonment and removal of offshore infrastructure. SourceContinue Reading
President Donald Trump said a shipping agreement for the Strait of Hormuz could be reached within days as U.S., Iranian and Omani officials work toward a temporary arrangement to reopen the critical oil transit route. SourceContinue Reading
AGR and THF Engineered Solutions have formed a strategic partnership to apply AI-powered well engineering technology that helps operators improve well planning, identify operational risks earlier and streamline engineering workflows. SourceContinue Reading
EnerMech has secured a multi-year contract to provide topside process and shutdown services for a North Sea offshore operator, expanding its role in maintenance, asset integrity and operational support across the operator’s asset portfolio. SourceContinue Reading
Dozens of loaded Iranian oil tankers are idling near the country’s coast as a renewed U.S. naval blockade disrupts crude and petroleum-product exports, pushing Iranian floating storage higher amid weak demand from Chinese refiners. SourceContinue Reading
Odfjell Drilling has returned the Deepsea Atlantic rig to operations after a 106-day off-hire period following an equipment handling incident that resulted in a dropped blowout preventer earlier this year. SourceContinue Reading
After announcing plans to exit the UK North Sea and other non-core assets, bp CEO Meg O’Neill is laying out a strategy centered on higher-value upstream investments, operational excellence and financial discipline. SourceContinue Reading
bp’s decision to market its UK North Sea business is fueling renewed calls for fiscal reform, with INEOS Energy Chairman Brian Gilvary warning that policy uncertainty is driving investment, jobs and production away from the basin. SourceContinue Reading
bp reported stronger second-quarter earnings as higher commodity prices boosted cash flow, while CEO Meg O’Neill accelerated the company’s portfolio reset with North Sea, refining and biogas divestments alongside a renewed focus on upstream performance. SourceContinue Reading
Odfjell Drilling has returned the Deepsea Atlantic rig to operations after a 106-day off-hire period following an equipment handling incident that resulted in a dropped blowout preventer earlier this year. SourceContinue Reading
