Offshore North America News


Eco Wave Power to Explore AI-Driven Wave Energy Optimization

May 19, 2026

Eco Wave Power, via its U.S. subsidiary, has joined NVIDIA’s Inception program as the wave energy company explores artificial intelligence (AI) applications for renewable energy infrastructure and energy management systems.Eco Wave Power U.S…

Glenfarne, ConocoPhillips Ink Alaska LNG Gas Supply Deal

May 19, 2026

Glenfarne Alaska LNG and ConocoPhillips Alaska have signed a gas sales precedent agreement to supply natural gas from Alaska’s North Slope for Phase One of the Alaska LNG project.The 30-year agreement will secure sufficient natural gas volumes…

Eco Atlantic Advances Falklands Offshore Expansion with JHI Deal

May 18, 2026

JHI Associates had obtained a final court order from the Ontario Superior Court of Justice approving Eco (Atlantic) Oil & Gas' proposed acquisition of the company.The company said the court approval follows unanimous shareholder backing for the transaction at a May 12 meeting…

Global Businesses Face Mounting $25 Billion Fallout From Iran War

May 18, 2026

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 by companies listed in the United States…

All Systems Go for Technip Energies' Job at Commonwealth LNG Scheme

May 15, 2026

Technip Energies has received full notice to proceed for a major engineering, procurement and construction (EPC) contract with Commonwealth LNG for a liquefied natural gas export facility in Louisiana.The notice follows the final investment decision (FID) for the 9…

Caturus Takes FID on Commonwealth LNG Project in Louisiana

May 15, 2026

Caturus has taken a final investment decision on its Commonwealth LNG export project in Louisiana after securing $9.75 billion in project financing for the 9.5 million tonnes per annum facility, with partners Mubadala Energy, Kimmeridge and CPP Investments…

Oil Edges Higher as Markets Watch US-China Summit

May 14, 2026

Oil prices edged up on Thursday, with markets focusing on the high-stakes meeting between U.S. President Donald Trump and Chinese President Xi Jinping to see if it will yield any positive results towards a resolution for the Iran war.Trump is…

Global Oil Supply to Fall Short of Demand as Iran War Goes On, IEA Says

May 13, 2026

Global oil supply will not meet total demand this year as the Iran war wreaks havoc on Middle East oil production, the International Energy Agency said in its monthly oil market report on Wednesday.'With Hormuz tanker traffic still restricted…

TMC, Allseas Ink Deal for First Commercial Deep-Sea Nodule Recovery System

May 12, 2026

The Metals Company (TMC) has signed a commercial agreement with offshore contractor Allseas for the development and operation of what the companies said would be the first commercial deep-sea nodule recovery system.The agreement covers the development…

OneSubsea Brings Envirex Subsea Business Under Its Wing

May 12, 2026

OneSubsea, a joint venture backed by SLB, Aker Solutions, and Subsea7, has completed the acquisition of the subsea business of Norway-based Envirex Group.The transaction expands OneSubsea’s access to Envirex’s specialized technologies and supports…

Oil Prices Edge Higher Amid Uncertainty Over Iran Deal

May 12, 2026

Oil prices rose nearly 1% on Tuesday as talks to end the U.S.-Israeli war on Iran appeared fragile, with Tehran's response to a Washington proposal highlighting stark differences that have kept supply concerns alive.Brent crude futures were up 86 cents…

Shell Selects New Wave Offshore for Orca Project in Santos Basin

May 11, 2026

New Wave Offshore Energy has been selected by Shell to provide marine warranty survey services for the Orca project in Brazil’s pre-salt Santos Basin.The contract covers marine warranty and assurance services for the offshore development, which…

TGS to Embark on OBN Survey Job in Gulf of America

May 11, 2026

Energy data and intelligence firm TGS has secured an ultra-high resolution OBN contract in the Gulf of America.A deep-water crew is scheduled to mobilize early June 2026, according to the company.'We are very pleased to secure this ultra-high resolution OBN contract…

Seadrill’s Backlog Reaches $3.1B with $860M in New Rig Deals

May 11, 2026

Seadrill has secured more than $860 million in new contract backlog since February fleet status report, driven by offshore drilling awards and extensions in Brazil, the U.S. Gulf and Angola, lifting its total contract backlog to about $3.1 billion…

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