China’s Yuan Crude Oil Futures Jump to Record High
The yuan-denominated crude oil futures trading in China hit this week their highest level since the contract was launched in 2018 as escalating threats to …
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Santos agrees LNG arrangements with POSCO and Ksi Lisims
Santos has agreed two separate non-binding liquefied natural gas (LNG) arrangements covering supply to POSCO Steel and purchases from the proposed Ksi Lisims LNG project …
Read Full ArticleDrone Strikes Cripple Half of Russia's Top Diesel Refineries
Three of Russia's six largest diesel-producing refineries are now either shut or operating at roughly one-quarter capacity after Ukrainian drone attacks damaged plants that together …
Read Full ArticleAustralia's Energy Minister Heads to Saudi Arabia for Pipeline Answers
Australian Energy Minister Chris Bowen will travel to Saudi Arabia next week to meet with Saudi Energy Minister, Prince Abdulaziz bin Salman, and get the …
Read Full ArticleIndonesia Eyes Guyana and Suriname Oil Investments for Energy Security
Indonesia’s national energy company Pertamina is considering upstream investments in Guyana and Suriname to diversify Indonesia's oil and gas supply and boost energy security, the …
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Wood secures $200m contract from ExxonMobil for PNG LNG project
Wood has secured a $200m contract from ExxonMobil PNG to deliver construction services for the PNG LNG Project in Papua New Guinea (PNG).
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Saipem wins $350m offshore contract from Azule Energy Angola
Saipem has secured an offshore contract in Angola valued at about $350m from Azule Energy Angola, a joint venture owned by Eni and bp.
Read Full ArticleUK Oil and Gas Group Says Earlier Tax Shift Could Raise £14.9 Billion
A new fiscal regime in the UK from 2027 could deliver an additional £14.9 billion, or $20 billion, to Britain’s revenues, the leading offshore industry …
Read Full ArticleLNG Demand in China and India Could Surge When Prices Normalize
Depressed LNG demand in recent months in China and India is the result of spiking LNG prices due to the Middle East conflict, and consumption …
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Two months to go: get your ticket for OEEC 2026
Offshore Technology is a media partner for OEEC 2026, which takes place on 24 and 25 November at RAI Amsterdam.
Read Full ArticleSaudi Oil Pipeline Repairs Could Take Weeks After Drone Attack
Last week’s drone attacks on Saudi Arabia’s key East-West oil pipeline have caused damage that could take weeks to repair, potentially significantly cutting the disrupted …
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Avenrock Energy to purchase Parallax Energy Operating in Alberta
Avenrock Energy, a newly launched energy company in Canada by Carlyle, has agreed to acquire Parallax Energy Operating from Carnelian Energy Capital.
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