Offshore drilling contractor Seadrill has announced a new contract has been secured by Sonadrill, Seadrill’s 50:50 joint venture with an affiliate of Angola’s Sonangol.

U.S. offshore vessel operator Tidewater has completed the acquisition of Singapore’s Swire Pacific Offshore, adding 50 vessels to its fleet.

Malaysian state-owned oil and gas company Petronas has revealed that one of its employees has been arrested over suspected graft.

On a quest to end further fossil fuel extraction, environmental activists from groups in the Just Stop Oil coalition and Extinction Rebellion have blocked ten oil terminals across the UK, demanding a stop to new oil and gas projects and investments on the UK Continental Shelf.

UK’s oil and gas regulator, the Oil and Gas Authority (OGA), has changed its name to the North Sea Transition Authority (NSTA) to reflect its evolving role in the energy transition.

Following a dispute over cuts related to the terms and conditions of workers, which encompass work allowances, pensions, sick pay and training days along with other allowances, Unite, the largest trade union in Britain and Ireland, has revealed plans for industrial action.

After slowly climbing up for two weeks, the number of offshore rigs in the U.S. stopped its upward movement and remained flat at 13 last week, based on Baker Hughes’ weekly rig count report from last Friday.

UK-based and North Sea-focused E&P company NEO Energy has achieved the first gas from its Finlaggan field development, a tieback to the Britannia platform in the UK North Sea.

Oil may surge to $100 a barrel next year as travel demand rebounds, Bank of America Corp. said, the strongest call yet among major forecasters for a return to triple digits.

Exxon Mobil Corp. is preparing to reduce headcount at its U.S. offices by between 5% and 10% annually for the next three to five years by using its performance-evaluation system to suss out low performers, according to people familiar with the matter.