Offshore News


IEA: Oil Supply Disruptions to Impact Europe from April

Apr 02, 2026

Oil supply disruptions from the Middle East will rise in April and begin to impact Europe's economy as the closure of the Strait of Hormuz severely curbs supplies, International Energy Agency head Fatih Birol said on Wednesday.More than 12 million…

Subsea7 Awarded Contract Offshore Equatorial Guinea

Apr 01, 2026

Subsea7 has been awarded a contract by Noble Energy EG Ltd (a Chevron Company) for the subsea installation scope on the Aseng Gas Monetisation Project, offshore Equatorial Guinea.The project involves a single-well tieback connecting Aseng field to the existing Alen platform…

Shell in Talks with Venezuela for More Gas Areas

Apr 01, 2026

Shell is in advanced talks with Venezuela's government to develop four large areas near Trinidad and Tobago, in two of the South American country's largest offshore natural gas fields, two people familiar with the discussions said.The London…

US Exempts Gulf of Mexico Drillers from Endangered Species Rules

Mar 31, 2026

A committee of senior officials in President Donald Trump's administration voted on Tuesday to exempt the Gulf of Mexico oil and gas industry from a federal law meant to protect endangered species including whales, birds and sea turtles.The decision…

Chiyoda, NYK, KNCC Target Global CCS Value Chain Development

Mar 31, 2026

Chiyoda Corporation, NYK Line and Knutsen NYK Carbon Carriers (KNCC) have signed a memorandum of understanding to collaborate on carbon capture and storage (CCS) projects globally.Under the agreement, the companies will work together to expand CCS business opportunities in Japan and overseas…

Golden Pass LNG Reaches First Production Milestone in US

Mar 31, 2026

Golden Pass LNG, a joint venture between QatarEnergy and ExxonMobil, has produced its first liquefied natural gas from the initial train of its export facility in Texas, marking a step toward full operations.The project, located in Sabine Pass…

Chevron’s Wheatstone LNG Plant Remains Offline Due to Cyclone Damage

Mar 31, 2026

Chevron said on Tuesday that downstream assets at its Wheatstone liquefied natural gas plant in Western Australia suffered extensive cyclone damage, leaving both production trains offline.Danny Woodall, Chevron's director of operations and maintenance for Australia…

UK's Wind Output Surge Softens Blow from Global Energy Disruption

Mar 31, 2026

Record output from wind farms has helped boost total clean power supplies in the United Kingdom to new highs so far in 2026, and allowed power firms to pare use of fossil fuels to multi-year lows.The growth in wind output has helped shield the UK power system from the worst effects of the U…

Gas Majors Oppose Australia LNG Windfall Tax as Prices Surge

Mar 31, 2026

Gas majors including Shell and Chevron warned Australia against introducing a windfall tax on gas exporters, saying it would deter investment and undermine energy security as LNG prices surge amid disruption caused by the Iran war.Australia…

UK Grants $85M to Develop Port Talbot Floating Wind Hub

Mar 30, 2026

The U.K. government has committed up to $85 million (£64 million) to support the development of a floating offshore wind port at Port Talbot in Wales, as part of efforts to expand clean energy capacity.The funding will support Associated British…

Oil Rises as Widening Conflict Endangers Red Sea, Hormuz Flows

Mar 30, 2026

Oil prices extended gains on Monday, with Brent headed for a record monthly rise, after Yemeni Houthis launched their first attacks on Israel over the weekend, widening the U.S.-Israel war with Iran in the Middle East.Brent crude futures LCOc1 jumped $3…

Russia’s Lavrov Says US Seeking Control of Nord Stream Gas Pipelines

Mar 27, 2026

Russian Foreign Minister Sergei Lavrov said the U.S. has been seeking control over the Nord Stream gas pipelines in the Baltic Sea, which were damaged by mysterious blast in September 2022.Explosions that destroyed the pipelines more than three…

Cyclone Disrupts Australia’s Biggest LNG Plants, Strains Global Market

Mar 27, 2026

A powerful tropical cyclone in Western Australia has disrupted production at the country’s two biggest liquefied natural gas plants run by Chevron and Woodside, exacerbating a global supply crunch caused by the conflict in the Middle East.Australia…

Asian Buyers Rush for Russian Oil Amid Supply Disruption

Mar 26, 2026

Asian countries including Vietnam, Thailand, the Philippines, Indonesia and Sri Lanka are lining up to buy Russian oil as the Iran war blocks supplies, raising the possibility that demand may exceed supply, several sources including Russia said…

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