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Rigzone·May 4·1 min read

OPEC+ Decides to Boost Output

OPEC+ nations, including Saudi Arabia and Russia, have announced plans to increase oil production starting in June. This decision signals a potential shift in the group's production strategy, likely a

NextGeo’s contract with Saipem offshore Libya increased for €4-6 million

Next Geosolutions (NextGeo) has expanded its contract with Saipem for work offshore Libya, increasing the contract value by €4-6 million. This indicates continu

Offshore Energy·May 4

Scout Energy sells Western Anadarko assets for $1bn

Scout Energy Partners has sold oil and gas assets in the Western Anadarko Basin for over $1 billion to an undisclosed buyer. This transaction signals continued

Offshore Technology·May 4

Prosafe set on securing ‘follow-on’ vessel work

Prosafe, a semi-submersible accommodation vessel owner, has released information regarding its fleet utilization expectations for Q1 2026 and beyond. This annou

Offshore Energy·May 4

Global Methane Cuts Could Unlock Double the Gas Volumes Hit by Hormuz Crisis

The IEA reports that global methane abatement measures could unlock twice the natural gas volume currently affected by the Strait of Hormuz disruptions. This su

Offshore Energy