The transition to renewable energy is not without its challenges, but today’s markets are increasingly shifting in response to it. Understanding the massive swings in energy supply and demand taking place will enable oil and gas traders to confidently plan for the years ahead, especially as capital allocations shift in response to market signals.

Nauticus Robotics is set to launch the first sets of Hydronaut – Aquanaut robots from its planned Nauticus Fleet by the end of this year.

Corinth Pipeworks, the steel pipe segment of Cenergy Holdings, has secured a contract with Subsea 7 to provide linepipe for the tie-back of the Hasselmus gas discovery to the Draugen production platform in the Norwegian North Sea.

Oil and gas major ExxonMobil has completed its drilling operations on the Cutthroat prospect, located in the Sergipe-Alagoas Basin off Brazil, but failed to verify the presence of hydrocarbons.

Following the first gas from two fields in the UK North Sea, UK company IOG plc has experienced mechanical issues on the producing platform. Meanwhile, a Noble-owned jack-up is almost ready to come back offshore and resume drilling on the third field next month.