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12 May 26
Australia: OEG secures multi-million-dollar CCU contract extension with a global operator to support Bass Strait operations
OEG has secured a long-term multi-million-dollar contract extension with a global operator to support its offshore drilling operations in the Bass Strait field, Australia, until the end of field life, expected to be in 2036.
12 May 26
North Star secures major tranche of North Sea ERRV contracts, reinforcing offshore safety and UK energy security
North Star, the UK’s leading fully integrated offshore infrastructure service provider, has secured a significant multi-million-pound pipeline of North Sea emergency response and rescue vessel (ERRV) contracts across 17 vessels in its fleet. The awards represent approx. 50 years of combined contract duration.
12 May 26
Pharos Energy provides Trading and Operations Update ahead of AGM
Pharos Energy, an independent energy company with assets in Vietnam and Egypt, has provided a Trading and Operations Update ahead of the Company’s annual general meeting (AGM).
12 May 26
UK: Jersey Oil and Gas announces final results for Y/E 31 December 2025
AIM-listed Jersey Oil & Gas, an independent upstream oil and gas company focused on the UK Continental Shelf region of the North Sea, has announced its audited financial results for the year ended 31 December 2025.
12 May 26
Brazil: New Wave Offshore Energy selected as Marine Warranty Surveyor for Shell’s Orca Project
New Wave Offshore Energy has announced the award of a major Marine Warranty Survey (MWS) contract for Shell’s Orca Project in the pre-salt Santos Basin, offshore Brazil.
12 May 26
Odfjell Technology reports for the first quarter of 2026
Odfjell Technology reports first-quarter 2026 revenue of NOK 1,374 million and EBITDA of NOK 188 million. Adjusted EBITDA was NOK 204 million, after NOK 16 million of one-off costs primarily related to the acquisition of Kaseum and Razor, completed during the quarter. The EBITDA margin was 14%.
12 May 26
Odfjell Drilling reports for the first quarter of 2026
Odfjell Drilling continued to prove the value of its strategy during Q1 2026, with strong financial results mainly driven by operational performance. Revenue and EBITDA have increased.
12 May 26
Seadrill announces first quarter 2026 results
Seadrill has announced its first quarter 2026 results. Secured multiple contract awards across the U.S. Gulf, Brazil and Angola, adding over $860 million to Contract Backlog since the February fleet status report. Contract Backlog now stands at $3.1 billion.
11 May 26
Ireland: Lansdowne Oil & Gas provides update on Energy Charter Treaty ('ECT') Arbitration Claim
Lansdowne Oil & Gas plc has successfully registered its Request for Arbitration with the International Centre for Settlement of Investment Disputes concerning its dispute with Ireland over the Barryroe oil and gas field, pursuing a claim of at least US$100 million plus interest.
10 May 26
Saudi Arabia: Aramco announces first quarter 2026 results
Aramco’s first-quarter performance reflects strong resilience and operational flexibility in a complex geopolitical environment. Aramco's East-West Pipeline, which reached its maximum capacity of 7.0 million barrels of oil per day, has proven itself to be a critical supply artery, helping to mitigate the impact of a global energy shock and providing relief to customers affected by shipping constraints in the Strait of Hormuz.
10 May 26
UK: OEUK’s Offshore Aviation Conference: Elevating performance and embracing change
Offshore helicopter operations are top of the agenda at OEUK’s offshore aviation conference in Aberdeen on May 19. Industry leaders and experts in aviation will convene to address the theme of ‘Enhancing performance and embracing change’.
10 May 26
UK: Homegrown policy must match homegrown energy ambition
Offshore Energies UK (OEUK) has congratulated new and re-elected MSPs in Scotland, MSs in Wales, and councillors across England and stands ready to work in partnership to secure a modern industrial future powered by homegrown energy.
10 May 26
UAE and Austria reaffirm energy and industrial ties as Austrian Chancellor visits ADNOC HQ
His Excellency Christian Stocker, Chancellor of the Republic of Austria, visited ADNOC’s Headquarters during his official visit to the United Arab Emirates (UAE).The visit follows the recent completion of the transactions by OMV and ADNOC’s global investment arm, XRG, to form Borouge International, through the combination of Borouge and Borealis and the acquisition of NOVA Chemicals, creating a global polyolefins leader.
10 May 26
GoM: Audubon offshore brownfield program expands to major assets in the US Gulf
Audubon Companies, a leading provider of engineering, procurement, construction (EPC), fabrication, and operations and maintenance (O&M) services, has announced that Shell has awarded the company an exclusive contract for engineering and procurement on its brownfield topside projects portfolio in the US Gulf.



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