Petrobras is considering the sale of its onshore operations in Brazil’s northeastern Bahia state, CEO Magda Chambriard said. Production on the Polo Bahia Terra is too expensive given that it yields less than a single well in the deepwater pre-salt region. SourceContinue Reading

Subsea7 has secured a sizeable contract for offshore Egypt to conduct engineering, procurement, commissioning and installation of flexible pipelines, umbilicals, and associated subsea components for a tie back to existing infrastructures.   SourceContinue Reading

President Donald Trump secured a sweeping shift in U.S. domestic policy as the House passed a $3.4 trillion fiscal package that cuts taxes, curtails spending on safety-net programs and reverses much of Joe Biden’s efforts to move the country toward a clean-energy economy. SourceContinue Reading

Longitude Engineering has landed a contract to provide detailed engineering and project management services for Petroleum Marine Services (PMS), the main EPIC contractor for the Phase XI Deepwater Project of the West Delta Deep Marine (WDDM) concession.  SourceContinue Reading

EnerMech has been awarded a three-year fixed term contract with a further extension options by Dana Petroleum. The contract covers the provision of Offshore Shutdown Support Services for the Triton FPSO vessel located in the UK North Sea. SourceContinue Reading

National Ocean Industries Association (NOIA) President Erik Milito issued a statement on Thursday as the One Big Beautiful Bill Act (OBBBA) heads to U.S. President Trump’s desk for signature. “With President Trump’s signature, OBBBA will restore certainty to the offshore oil and gas leasing process,” Milito said. SourceContinue Reading

Venture Global on Thursday announced the execution of a new 20-year Sales and Purchase Agreement (SPA) with PETRONAS. Under the terms of the SPA, PETRONAS will purchase 1 MMtpa of LNG from Venture Global’s third facility, CP2 LNG, for 20 years. SourceContinue Reading

Perenco Vietnam and its partners in Block 15-1 have signed a new Production Sharing Contract (PSC) with the Socialist Republic of Vietnam, marking the beginning of a new 25-year chapter for the group in the country. SourceContinue Reading

Seatrium has been awarded a Floating Storage Regasification Unit (FSRU) conversion contract from Kinetics, an energy transition initiative by Karpowership. The project involves the conversion of an LNG carrier (LNGC) into an FSRU named LNGT Turkiye. SourceContinue Reading

The Energy Workforce & Technology Council (EWTC) on Thursday released its June 2025 jobs report, reflecting a modest dip in employment within the energy services sector amid continued economic uncertainty. SourceContinue Reading