The deepwater market is rapidly returning to pre-COVID-19 activity levels, and the recovery appears to be gaining strength, according to a recent in-depth analysis completed by International Maritime Associates (IMA) and World Energy Reports (WER).

EnQuest PLC, an oil and gas production and development company, announced it signed an agreement with Whalsay Energy Holdings Limited to purchase Whalsay’s 100% equity interest in the P1078 license containing the proven Bentley heavy-oil discovery.

Sweden's Lundin Energy has sold to Italian refiner Saras what it said is the world's first oil cargo certified as carbon neutral at the point of production, the two companies said on Monday.

ASCO won an integrated logistics management contract from Total E&P Suriname BV (Total).

Neptune Energy announced that the operator, Eni, said production has started from its Merakes development in the East Sepinggan block offshore Indonesia.

The problem for crude oil market bulls is that every time they think they have built up steam, something comes along to knock the momentum off track.

Quickly growing turbine numbers, installed in deeper waters offshore and farther out to sea are needed to serve accelerating demand for wind energy, but safety issues for such structures go beyond the feats of civil engineering making them possible.

Delek Drilling said on Monday it has signed a non-binding deal to sell its stake in the east Mediterranean natural gas field Tamar to Abu Dhabi's Mubadala Petroleum for $1.1 billion.

Oilfield services firm Archer said it has signed an offer letter with Moreld laying out principle terms to purchase 100% of the shares in DeepWell, a Norwegian well intervention company focused on mechanical wireline and cased hole logging services.

British North Sea-focused oil producer EnQuest said it has signed a share purchase agreement (SPA) to purchase Whalsay Energy's 100% equity interest in the P1078 license containing one of the largest undeveloped oil fields in the U.K. North Sea.