16+ hour, 11+ min ago  (406+ words) The United Arab Emirates said on Tuesday it was quitting OPEC and OPEC+, dealing a heavy blow to the oil exporting groups and their de facto leader, Saudi Arabia, at a time when the Iran war has caused a historic…...

16+ hour, 19+ min ago  (231+ words) Published Apr 28, 2026 9: 40 am ET Forum Energy Technologies (FET) has unveiled its latest solution in subsea handling equipment, the Model 6000 (M6000) Launch and Recovery System (LARS). The first M6000 system, equipped with a Perry Super Mohawk ROV was delivered to a US-based client…...

17+ hour, 54+ min ago  (555+ words) Published Apr 28, 2026 8: 05 am ET The following article is an op-ed piece from Cor Power Ocean, UK Marine Energy Council, Ocean Energy Europe and Professor Henry Jeffrey, Head of Policy and Innovation Group, University of Edinburgh. As an island nation with…...

20+ hour, 49+ min ago  (326+ words) Published Apr 28, 2026 5: 10 am ET Block Energy has entered into a conditional agreement with Pilgrim Exploration for an investment linked to offshore production sharing contracts in Gabon, alongside plans to raise $6. 3 million through an equity offering. The transaction relates to the…...

1+ day, 10+ hour ago  (450+ words) Published Apr 27, 2026 3: 50 pm ET President Donald Trump's administration said on Monday that it had reached a deal to end two more U. S. offshore wind leases in exchange for $885 million in pledged investments in domestic fossil fuels. The projects, one in the…...

21+ hour, 16+ min ago  (234+ words) Abu Dhabi National Oil Company is planning to invest tens of billions of dollars to build a natural gas business in the United States, the Financial Times reported on Tuesday. Nameer Siddiqui, the newly appointed chief investment officer of ADNOC's…...

1+ day, 10+ hour ago  (107+ words) Offshore Engineer Magazine US Government to End Two Offshore Wind Leases The U. S. Interior Department said on Monday that it had reached a deal to end two offshore wind leases off the coasts of New Jersey and California. Both projects are…...

1+ day, 18+ hour ago  (100+ words) Published Apr 27, 2026 7: 55 am ET Akastor's subsidiary DDW Offshore has entered into a binding agreement to sell Skandi Emerald anchor handling tug supply (AHTS) vessel for $23 million. The AHTS, built in 2011, is designed for operations across a range of water depths…...

1+ day, 17+ hour ago  (743+ words) In recent years, Asia's offshore sector has regained strategic importance, particularly in countries such as Malaysia, Indonesia and Vietnam, as operators pursue new upstream opportunities while governments seek to strengthen domestic and regional energy security." Ongoing geopolitical developments and potential…...

1+ day, 19+ hour ago  (226+ words) Published Apr 27, 2026 6: 40 am ET Rhino Resources has contracted Saipem's Saipem 12000 drillship to drill an appraisal well offshore Namibia to test the extension of an oil discovery in the Orange Basin. The Capricornus-1 A well, located in Block 2914 under the PEL…...