Offshore Drilling

Business

Murphy Oil Navigates Price Volatility, Bets Big on Vietnam and Offshore Growth in 2026

Despite a challenging price environment, Murphy Oil (MUR) reported strong operational execution for 2025 and laid out a capital plan focused on funding key international and offshore projects. While near-term production is set to dip, CEO Eric Hambly highlighted a transformative discovery in Vietnam and strategic portfolio expansion as pillars for future growth.

Jan 30, 2026

Business

Qatar Launches Historic Offshore Decommissioning, Taps McDermott for Landmark Project

QatarEnergy awards McDermott a pivotal contract to plan the removal of 27 aging offshore platforms, marking the nation's first major step in responsibly retiring legacy oil and gas infrastructure.

Feb 2, 2026

Business

Dominion's Virginia Offshore Wind Project Costs Swell to $11.5 Billion Amid Tariffs, Legal Delays

The price tag for Dominion Energy's flagship Coastal Virginia Offshore Wind (CVOW) project has climbed by $300 million, reaching an estimated $11.5 billion. The utility cites new tariffs and a federal stop-work order as primary drivers for the latest cost overrun, even as construction resumes and the first power generation is imminent.

Jan 31, 2026

Business

Envision Energy Lands Landmark Turbine Deal for Vietnam's First Large-Rotor Offshore Wind Projects

Envision Energy will supply its high-capacity EN-226 turbines for a 128MW nearshore wind cluster in Vietnam, marking a significant step in the country's Power Development Plan VIII and setting a potential benchmark for regional offshore development.

Jan 30, 2026

Business

Beyond the AI Rollercoaster: Three Dividend Stocks Gaining Momentum in 2026's Turbulent Market

As tech volatility reshuffles investor priorities in early 2026, a screen for strength and analyst conviction highlights three dividend payers—from lithium to offshore drilling—that are already setting the pace.

Jan 31, 2026

US

Newly Unsealed Files: FBI Source Alleges Epstein Acted as Putin's Offshore Wealth Manager

Freshly released court documents include FBI testimony from a confidential source claiming the late financier Jeffrey Epstein managed hidden assets for Russian President Vladimir Putin and other powerful figures, shedding new light on his shadowy financial network.

Feb 2, 2026

Business

Early-Stage Drilling Hits Broad Mineralization at Troubadour's Senneville Project in Quebec

Initial drill results from the Senneville gold-silver-copper property in Quebec's prolific Val-d'Or camp have intersected significant near-surface mineralization, with intervals up to 57.8 meters, marking a promising start to the multi-phase exploration campaign.

Feb 2, 2026

Business

U.S. Drilling Activity Stalls Amid Mixed Signals for Oil and Gas

The U.S. rig count saw a marginal increase this week, yet remains significantly below last year's levels as crude production dips and completions activity sends conflicting signals.

Jan 30, 2026

Business

Avino's La Preciosa Drilling Success Fuels Stock Surge and Mining Plan Rethink

Avino Silver & Gold Mines Ltd. sees its shares rally after high-grade drill results from its La Preciosa project in Mexico not only validate its geological model but also prompt a review of mining methods for greater efficiency.

Jan 30, 2026

Business

IAMGOLD Revs Up Exploration and Raises Guidance, Spotlighting Undervalued Growth Potential

IAMGOLD (TSX:IMG) has reignited drilling at its Anik joint venture in Québec and issued updated production guidance, signaling accelerating operational momentum. The moves come as the gold miner's shares, despite recent volatility, have delivered staggering multi-year returns, highlighting a potential valuation gap.

Feb 2, 2026

Business

Equinor Sharpens Upstream Strategy, Exits Argentina's Vaca Muerta Shale

Norwegian energy giant Equinor has agreed to sell its onshore assets in Argentina's Vaca Muerta shale play to Vista Energy, marking a strategic retreat from the region while maintaining its offshore exploration interests. The move underscores the company's ongoing portfolio realignment towards core offshore and international projects.

Feb 2, 2026

Business

Equinor Exits Argentina's Vaca Muerta Shale in $1.1 Billion Sale to Vista Energy

Norwegian energy giant Equinor is selling its onshore shale assets in Argentina's Vaca Muerta formation to local operator Vista Energy, marking a strategic pivot as it doubles down on offshore exploration and core international markets.

Feb 2, 2026

Business

India's Crypto Tax Stance Hardens: No Relief in 2026 Budget as Trading Exodus Continues

India's government has reaffirmed its stringent cryptocurrency taxation framework in the latest budget, leaving the controversial 30% levy and 1% transaction tax unchanged, dashing industry hopes for reform and cementing a policy that has already driven billions in trading volume offshore.

Feb 2, 2026

Business

Minerals 260's Bullabulling Gold Resource Surges to 4.5Moz, Setting Stage for Critical 2026 Milestones

Minerals 260 (ASX:MI6) has significantly upgraded the resource estimate at its Bullabulling gold project to 4.5 million ounces, bolstered by strong drilling results and a solid cash position. The expansion shifts focus to the upcoming pre-feasibility study and execution risks as the company targets key development decisions by 2026.

Feb 2, 2026

Business

Foraco International's Surging Profitability Catches Investor Attention

The drilling services firm Foraco International (TSE:FAR) is demonstrating a powerful trend of improving capital efficiency, with its Return on Capital Employed (ROCE) jumping 53% over five years. This signals a company that's generating significantly more profit from each dollar invested, a key marker often sought by long-term investors.

Jan 30, 2026

Business

Beyond the Headlines: Three European Stocks Poised to Shine Amid Market Volatility

While European indices face pressure, underlying business optimism is at a 20-month high. We spotlight three under-the-radar companies—Premier Energy, BW Offshore, and RVRC Holding—whose fundamentals suggest they are well-positioned to navigate the current climate and deliver value.

Jan 30, 2026

Business

Equinor Deepens Brazil Commitment with $114M West Saturn Drillship Extension

Seadrill secures a major contract extension for the West Saturn drillship with Equinor Brasil, adding over $100 million to its backlog and solidifying operations in Brazil's strategic pre-salt basin through 2027.

Feb 2, 2026

Business

Minerals Technologies Navigates a Challenging 2025, Bets on Strategic Investments for 2026 Growth

Facing softer demand and tariff volatility, Minerals Technologies (MTX) reported steady 2025 sales of $2.1B but saw margins contract. Leadership emphasized cost discipline and safety while detailing a series of expansion projects poised to drive a meaningful rebound in the coming year.

Jan 31, 2026

Business

Houston Giants Diverge on Venezuela as Profits Slump: Chevron Bets Big, Exxon Stays Out

Amid a sharp drop in annual profits, Chevron and Exxon Mobil chart starkly different courses on Venezuela's oil potential, highlighting the industry's split response to geopolitical risk and economic uncertainty.

Jan 30, 2026

Business

Devon and Coterra Forge $21.4 Billion Oil Giant in Houston, Accelerating Shale Consolidation

A landmark all-stock merger between Devon Energy and Coterra Energy will create a $58 billion powerhouse, positioning it as a top-tier producer in the prolific Permian Basin amid a wave of industry consolidation.

Feb 2, 2026