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Latest news about Oil and gas Industries-31.10.25
On October 29, 2025 The Trump administration decided against including East Coast offshore oil and gas leases in its initial proposal, reversing an earlier draft plan. This shift followed strong opposition from Republican stakeholders in the Southeast, who expressed concerns about potential impacts on tourism, and from environmentalists.
The administration's forthcoming draft plan, a first step in developing a new five-year leasing schedule, is now expected to focus on the Gulf of Mexico, Alaska, and possibly the West Coast. The final plan will be shaped by a lengthy process of public comment and congressional review. The oil industry has shown greater interest in the Gulf, while appetite for exploring less-known East Coast reserves remains limited.
On October 29, 2025 Subsea Supplies expanded its Aberdeen facility and entered into an exclusive distribution and service agreement with the U.S.-based Innerspace, making it the certified partner for Innerspace's thruster line in the UK and Europe. This partnership will enable local inventory, faster delivery, and comprehensive in-house repair services from the enlarged base, reducing lead times and downtime for clients in the subsea, defense, and offshore energy sectors.
The collaboration is a strategic move for Innerspace to enhance its global support, while Subsea Supplies continues its growth in its 25th year. The company has invested in new staff, increased storage, and added manufacturing capabilities, achieving a record £10 million turnover in 2024 and strengthening its position across the ROV, AUV, ocean science, and defense markets.
Visit: https://worldoil.com/news/2025/10/29/subsea-supplies-expands-aberdeen-base-signs-european-thruster-deal-with-innerspace/
On October 28, 2025, ADNOC Drilling reported record financial results for the third quarter and first nine months of 2025, marked by double-digit growth across all key metrics. For the nine-month period, revenue increased by 27% to $3.63 billion, net profit grew 17% to $1.06 billion, and free cash flow surged 174% to $1.2 billion. This strong performance, driven by robust activity in its onshore, offshore, and oilfield services segments, led the company to upgrade its full-year 2025 guidance.
The company also announced a new dividend framework targeting at least $6.8 billion in cumulative distributions through 2030. Its growth strategy is focused on scaling unconventional drilling to over 300 wells annually, expanding its Integrated Drilling Services (IDS) fleet, and preparing for new offshore operations. With over $5 billion in new contract wins and ongoing regional expansion, ADNOC Drilling is reinforcing its position as a leading regional drilling and energy services provider.
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