A battle of words between top Russian and U.S. diplomats this week is the latest sign of rising tensions between superpowers racing to seize Arctic resources made more accessible by climate change.

UK-focused Tailwind Energy said Monday it had agreed to acquire BP's interest in the Shearwater offshore field for an undisclosed fee.

A natural gas pipeline linking Russia and Germany edged closer to completion after the Biden administration loosened sanctions of the controversial project, but significant hurdles remain before the fuel can start flowing under the Baltic Sea.

Subsea 7 today announced the award of a very large contract by Petrobras for the development of the Mero-3 field located approximately 200 kilometres off the coast of the state of Rio de Janeiro, Brazil, at 2,200 metres water depth in the pre-salt Santos basin.

India's army and navy deployed ships and aircraft as they searched for 26 people still missing more than three days after a powerful cyclone sank a barge off the country's west coast, killing 49 people on board.

BP CEO Bernard Looney said on Wednesday that calls for lower investment in oil, gas from an International Energy Agency report the previous day are consistent with the company's strategy. 

Naval vessels and aircraft scoured the waters off India's west coast late on Wednesday after the most powerful cyclone in more than two decades battered the region, sinking an oilfield accommodation barge and killing 26 aboard, authorities said.

The National Transportation Safety Board (NTSB) on Tuesday published a preliminary report as part of its ongoing investigation into the fatal capsizing of the liftboat Seacor Power last month near Port Fourchon, La.

Experts are advising the UK subsea industry to act now and take advantage of the energy transition, warning that the journey to net-zero is already underway and businesses must keep up with the required change of speed.

Iran said it will soon export oil from a new port that allows it to bypass the Strait of Hormuz, as nuclear talks between Tehran and other world powers show signs of progress.