Senegal Advances $7.5 Billion Yakaar-Teranga Gas Plan
15, May 2026
Petrosen said Senegal’s Yakaar-Teranga deepwater gas project could require around $7.5 billion to develop 25 trillion cubic feet of recoverable gas resources.
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Inpex Moves Into Browse Gas Project
15, May 2026
Inpex has signed an agreement to acquire a 10.67% interest in the Woodside-operated Browse joint venture, covering major gas fields offshore Western Australia.
UK Approves 4GW Offshore Wind Plans
15, May 2026
The UK government approved Dogger Bank South and North Falls, two offshore wind projects totaling 4GW off eastern England.
TotalEnergies and Chevron Advance Nigeria Deepwater Drilling
14, May 2026
TotalEnergies and Chevron are advancing offshore drilling and appraisal work in Nigeria as West Africa’s deepwater sector attracts renewed investment interest.
Middle East Conflict Slows Jackup Recovery
14, May 2026
The Middle East jackup market has slowed after escalating regional conflict disrupted offshore drilling activity across the Arabian Gulf. Westwood said rig suspensions, delayed drilling campaigns and contract terminations pushed marketed fleet utilization down sharply, delaying the expected recovery in 2026.
IEA Warns Hormuz Crisis May Push Global Oil Demand Into Contraction
14, May 2026
The IEA warned that disruption in the Strait of Hormuz could push global oil demand into contraction in 2026 as supply losses and inventory declines accelerate.
Davie Defense Secures $3.5 Billion U.S. Arctic Cutter Contract
14, May 2026
Davie Defense finalized a $3.5 billion contract to build five Arctic Security Cutters for the U.S. Coast Guard, with construction split between Finland and Texas under the broader U.S. Arctic fleet expansion strategy.
South Korea Sets Out K-Shipbuilding Vision
14, May 2026
South Korea announced its K-Shipbuilding Future Vision, including public vessel orders, KRW 525 billion in technology investment and KRW 16 trillion in trade finance.
IQIP Unveils Hybrid Installation System for Hard-Rock Wind Sites
14, May 2026
IQIP launched a hybrid offshore foundation installation system designed for hard-rock seabed conditions, combining drilling and pile-driving for offshore wind monopile projects.
