News
Velesto Secures Malaysia Drilling Deal with Hibiscus
44+ min ago (179+ words) Published May 18, 2026 5: 45 am ET Malaysia's oil and gas services firm Velesto Energy, through its subsidiary Velesto Drilling, has secured a contract from Hibiscus Oil & Gas Malaysia for a 2026 offshore drilling campaign in Malaysia. The company said the award marks its…...
Yinson Production, PTSC Raise Over $130 M for Vietnam's Block B FSO
51+ min ago (306+ words) Published May 18, 2026 5: 38 am ET Yinson Production has secured a $131. 5 million senior secured bank financing facility together with joint venture partner PTSC for a floating storage offloading (FSO) vessel being built for the Block B gas project offshore Vietnam. The company…...
Viridien Kicks Off Multi-Client OBN Survey in North Sea's Frigg Area
1+ hour, 11+ min ago (186+ words) Published May 18, 2026 5: 19 am ET Viridien has launched a dense multi-client ocean bottom node (OBN) survey survey in the Frigg area of the Central Noth Sea. The survey area covers 645 km2, straddling the UK and Norwegian sectors, with the final processed deliverables…...
Oil Climbs Above $110 After Gulf Drone Attacks Raise Supply Fears
2+ hour, 4+ min ago (386+ words) Published May 18, 2026 4: 25 am ET Oil prices extended gains on Monday as efforts to end the Iran war appeared to have stalled, after a nuclear power plant in the United Arab Emirates came under attack and as U. S. President Donald Trump is…...
Global Businesses Face Mounting $25 Billion Fallout From Iran War
2+ hour, 46+ min ago (959+ words) Published May 18, 2026 3: 43 am ET The U. S. -Israeli war with Iran has already cost companies around the world at least $25 billion - and the bill is climbing, according to a Reuters analysis. A review of corporate statements since the start of the conflict…...
NOPSEMA Safety Bulletin Highlights Risks in Offshore Lifting
8+ hour, 21+ min ago (177+ words) Published May 17, 2026 10: 09 pm ET Australian regulator NOPSEMA has released a new safety bulletin highlighting the continued occurrence of serious incidents and injuries during offshore lifting operations. A review of incidents over the past five years shows a consistent pattern of…...
BV M&O: More than Just Classification
1+ day, 6+ hour ago (159+ words) Offshore Engineer Magazine BV M&O: More than Just Classification As technologies such as AI and future fuels continue to evolve rapidly, offshore and maritime companies increasingly look to classification societies as the source for technical insight and guidance. Steven Grotsky,…...
Oil And Gas News
2+ day, 17+ hour ago (626+ words) Vaalco Energy has achieved strong initial results from a development well offshore Gabon and remains on track to restart production at its Baobab field in C'te d'Ivoire in the second quarter of 2026. The company said the Etame 14 H well has…...
UK Gives Consent to RWE, Masdar's 3 GW Dogger Bank South Wind Farms
2+ day, 23+ hour ago (160+ words) Published May 15, 2026 6: 40 am ET RWE and Abu Dhabi Future Energy Company - Masdar have received planning consent for the 3 GW Dogger Bank South offshore wind farm projects in the UK. The companies said Lord Whitehead, acting on behalf of the UK…...
Scio Sense Launches UFC23 Ultrasonic Flow Converter for High-Precision, Ultra-Low-Power Smart Metering
2+ day, 20+ hour ago (255+ words) Published May 15, 2026 10: 11 am ET The new UFC23 sensor combines improved resolution and offset stability with ultra-low standby current, enabling high-end battery-powered water, heat, gas and leak detection meter designs across a wide range of smart metering applications. Scio Sense, a leading…...