CB&I is set to acquire Petrofac’s Asset Solutions business, adding offshore operations and decommissioning services to its portfolio and bringing 3,000 employees under its umbrella. The move strengthens CB&I’s footprint in international energy markets and diversifies revenue beyond EPC work. SourceContinue Reading

bp will sell a majority stake in Castrol in a $10.1-billion deal while retaining 35% ownership—reshaping capital allocation as it sharpens upstream and LNG focus. SourceContinue Reading

Gulf Marine Services has secured a 985-day Europe contract for two Large-class vessels, pushing its contracted backlog to $540 million as demand for SESVs continues to strengthen across global offshore markets. SourceContinue Reading

Libya has launched a 22-block bid round with revised fiscal terms designed to lure global energy investors, but analysts warn that political and infrastructure risks could determine whether the country’s upstream revival gains lasting traction. SourceContinue Reading

As offshore oil and gas activity expands across the Caribbean, investment in shore bases and specialized ports is becoming essential to project execution. From Guyana and Trinidad to Suriname, logistics hubs are increasingly shaping timelines, costs, and operational reliability for deepwater developments. SourceContinue Reading

Aramco has awarded SLB a five-year contract covering stimulation, well intervention, frac automation and digital solutions to support large-scale unconventional gas development in Saudi Arabia as part of the Kingdom’s long-term energy strategy. SourceContinue Reading

Subsea7 has secured a $50–$150 million subsea installation contract from LLOG Exploration for the Buckskin South Expansion in the U.S. Gulf, with offshore work planned for 2026–27. SourceContinue Reading

Baker Hughes has received a notice to proceed to supply six liquefaction trains for the 9.5-MMtpa Commonwealth LNG export project in Cameron, Louisiana. SourceContinue Reading

Harbour Energy has agreed to acquire deepwater operator LLOG for $3.2 billion, entering the U.S. Gulf and adding long-life, oil-weighted offshore assets. SourceContinue Reading

NOIA urged the administration to lift a pause on offshore wind construction, saying national security reviews are already in place and delays could hurt jobs and U.S. energy competitiveness. SourceContinue Reading