Iran's Revolutionary Guards "forcibly seized" a commercial ship in international waters in the Gulf and the vessel was possibly involved in smuggling, a U.S. Navy spokesperson said.

Source: Reuters

Exxon Mobil Corp. said lower natural gas prices and refining margins will reduce second-quarter earnings by about $4 billion compared with the previous three months.
Source: Bloomberg

Oil prices climbed as supply concerns outweighed fears that further interest rate hikes could slow economic growth and reduce demand for oil.

Welcome to the Proposed Revisions for the ADCI International Consensus for Commercial Diving and Underwater Operations 6.5 Survey! This survey was created in order to hear your feedback about the latest revisions. The time frame to complete this survey will be approximately 90 days, starting May 1st and closing August 1st. We look forward to your opinions and appreciate your time!

This episode with Subsalve founder Richard Fryburg addresses the rich history of Subsalve and the role they have played in helping the ADCI make lift bag operations safer.

Canada’s exports of energy products plunged 7.3% in value May largely due to lower prices but also due to lower petroleum volumes, official data showed.
Source: Rigzone.com

Equinor has secured approval from Norway’s authorities for plans for development and operation involving two production hubs in the Norwegian Sea.

ExxonMobil has been granted environmental authorization by the Environmental Protection Agency of Guyana for a 35-well exploration and appraisal drilling campaign on Guyana’s offshore Stabroek block.

Chevron New Energies Japan GK and Mitsui Oil Exploration Co. Ltd. signed agreements to proceed with pilot testing of geothermal technology, specifically advanced closed loop technology.
Source: Oil&Gas Journal

Denmark-based NKT has completed the first in-house temporary overvoltage (TOV) test sequence of high-voltage DC cable systems, said to represent an important technical milestone that increases the reliability of cable systems needed for the green transition.
Source: Offshore Engineer

Today, in the global commercial diving community, Diving Safety Management Systems are becoming recognized as a necessary method to systematically identify hazards, place controls and reduce risk to operations. A well-organized and implemented Diving Safety Management System greatly increases the effectiveness, predictability, and safe outcome of diving programs.