Water injection and the transport of produced fluids are some of the main energy consumers in offshore production. Researchers at SINTEF point to the need for a balanced approach to optimizing energy efficiency.The handling of produced fluids, a mixture of oil, water, and gas, is essentially a huge waste of energy.
Italy's Saipem has been awarded a new offshore contract worth approximately $425 million by Turkish Petroleum OTC for additional work on the third phase of the Sakarya gas field development in the
The holiday season would not feel complete without festive greetings from offshore industry companies - and once again, they have delivered.
While challenges linger from the 2025 offshore rig market, there are signs it will look brighter from late 2026 onwards.Main Events of 2025One of the biggest talking points of 2024 and 2025 was
Asian spot liquefied natural gas prices started the year steady, as muted regional demand and ample supply kept the market flat following a 34% slump in 2025.
Oil prices steadied on the first day of trade in 2026 after registering their biggest annual loss since 2020 as investors weighed oversupply concerns against geopolitical risks including the war in
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