ExxonMobil said net zero goals for the global energy sector are likely to drift further beyond 2050 due to consumers pushing back against high costs and a revival in demand for coal, the most polluting fossil fuel.  SourceContinue Reading

Oceaneering has won contracts to provide work class remotely operated vehicle (ROV) services, specialized tooling packages, and survey services onboard multiple anchor handling and ROV support vessels working on Petrobras projects offshore Brazil. SourceContinue Reading

Verlume has entered into a strategic collaboration with Kraken Robotics, marking an industry-first crossover: the introduction of military-grade battery technology into the commercial offshore energy sector for the first time. SourceContinue Reading

Subsea7 has landed a major contract with the Turkish Petroleum Offshore Technology Center (TP-OTC) for the development of phase 3 of the Sakarya field development in the Black Sea, offshore Türkiye. SourceContinue Reading

ADNOC has agreed to supply 1 million tons of LNG annually to IndianOil for 15 years as it lines up more binding contracts for a new export terminal. The LNG will come primarily from the under-construction project at Ruwais. SourceContinue Reading

When completed, FLNG Hilli Episeyo will be redeployed in the Gulf of San Matias in the Rio Negro province offshore Argentina, liquifying gas from the Vaca Muerta shale formation onshore in Neuquen province for 20 years. SourceContinue Reading

Xodus founder Steve Swindell is stepping down from his role as CEO after 20 years with the global energy consultancy, with Stuart Holley of Subsea7 set to take over as Xodus CEO starting October 1. SourceContinue Reading

EnerMech has secured a two-year contract extension with Dubai Petroleum to continue providing the Middle East operator with crane maintenance services across its offshore assets.   SourceContinue Reading

During a state visit to Brasilía this week, Nigerian President Bola Tinubu welcomed Petrobras’s planned re-entry into the Nigerian market. The two countries signed five Memoranda of Understanding, signaling a shift from symbolic ties to practical, high-impact collaboration.  SourceContinue Reading

U.S. President Trump reiterated his opposition to wind power in a Tuesday cabinet meeting, as his administration has in recent weeks moved more aggressively to restrict projects by blocking approvals, halting construction and invalidating necessary permits. SourceContinue Reading