Releases
Announcements, partnerships, and product updates from Blackwell.
Industry News
Headlines from across the maritime and offshore energy industry.
RWE Reaches $1.22 Billion Deal with Trump Administration to Surrender U.S. Offshore Wind Leases
RWE will surrender offshore wind leases in the New York Bight, California and Louisiana under a $1.22 billion settlement with the Trump administration. The company plans to redirect capital toward Louisiana LNG and gas generation projects.
Source: gCaptain
Serica Energy Lines Up Rig Deal for North Sea Drilling Campaign of Up to Six Wells
Serica Energy expects to sign a rig contract within weeks for a UK North Sea campaign of up to six wells, targeting 30,000 barrels of oil equivalent per day of new production and backed by a fresh $750 million credit facility.
Source: Offshore Energy
ADNOC Deploys AI Powered Rig Operations Center
Abu Dhabi National Oil Co has put a new AI driven Real Time Operations Center into service to manage more than 120 onshore and offshore rigs, built on SLB DrillOps technology that the company says cuts engineering effort by 30 to 40 percent.
Source: Rigzone
ECOnnect Energy to Deliver Shell-Backed LNG Project in Bahamas
ECOnnect Energy won a contract to deliver a floating LNG import terminal for a Shell joint venture in the Bahamas, a project set to bring first LNG deliveries to New Providence by the end of 2026 and cut the island's reliance on imported diesel and fuel oil.
Source: Rigzone
Williams to Acquire Momentum Midstream for $5.5 Billion
Williams agreed to buy Momentum Midstream from EnCap Flatrock for up to $5.5 billion, one of the largest private midstream deals in the US, adding more than 4,000 miles of Haynesville gas pipelines feeding Gulf Coast LNG and power demand.
Source: Rigzone
Petrobras Makes Gas Discovery at Sandia 1 Well Offshore Colombia
Petrobras and partner Ecopetrol struck gas at the Sandia 1 exploratory well in deep waters off Colombia's Caribbean coast, drilling to final depth in a 1,251 meter block that sits near the earlier Sirius and Copoazu finds.
Source: Offshore Energy
Trump Administration Proposes Rolling Back Obama Era Arctic Drilling Rules
The US Interior Department has proposed revising the 2016 Arctic Exploratory Drilling Rule, easing well control and containment requirements for offshore drilling in Alaska's Beaufort and Chukchi seas while pledging to keep core safety and environmental protections in place. The plan will publish in the Federal Register for a 90 day public comment period.
Source: gCaptain
Subsea7 Wins Sizeable Subsea Installation Contract from Brunei Shell Petroleum
Subsea7 has won a contract worth between $50 million and $150 million from Brunei Shell Petroleum to install replacement subsea pipeline and riser systems offshore Brunei, extending a partnership that began in 2018.
Source: Offshore Energy
Turkey Said to Extend Iraq Oil Pipeline Deal by One Year
Turkey agreed to extend an expired oil pipeline deal with Iraq by one year and raise flows to as much as 750,000 barrels per day, securing a crude export route from Kirkuk to Ceyhan that bypasses the Strait of Hormuz.
Source: Bloomberg
UAE to Overhaul How It Prices All Crude Oil
Abu Dhabi National Oil Co. will price all its onshore and offshore crude grades against a regional Dubai benchmark from November 1, retiring the Murban futures contract it launched in 2021 after wild price swings during the Iran war.
Source: Bloomberg
MOL Group Buys Shell's Cyprus Subsidiary in Aphrodite Gas Deal Worth Up to $720 Million
Shell agreed to sell its wholly owned BG Cyprus unit to Hungary's MOL Group for up to $720 million, handing MOL a 35 percent stake in the Aphrodite gas field offshore Cyprus as the major trims its portfolio toward its integrated LNG business.
Source: Offshore Energy
Carrier Discounts Push Container Spot Rates Lower Ahead of August GRIs
Container spot freight rates slipped again on the transpacific and Asia to Europe trades, with carrier discounting undercutting the planned 1 August rate hikes even as vessel capacity stayed relatively tight.
Source: The Loadstar