Oil And Gas News


Woodside Funds Rice-Led Cold Plasma Project

Jan 17, 2024

Rice University and Woodside Energy have announced a five-year technology collaboration aimed at reducing greenhouse gas emissions and providing lower carbon solutions. Woodside will provide $12.5 million to fund the creation of the Woodside-Rice Decarbonization Accelerator…

BP Appoints Murray Auchincloss as New CEO

Jan 17, 2024

BP has appointed Murray Auchincloss as its chief executive officer with immediate effect.Murray, who has been interim CEO since September 2023, will continue as a member of the BP board. His appointment has been made following a robust and competitive search process…

Norway Offers 24 Companies Ownership Interest for Oil and Gas Licenses

Jan 16, 2024

Norwegian government has offered 24 companies ownership interests in 62 production licenses on the Norwegian shelf in pre-defined areas (APA) 2023, Norway's regulator of the petroleum resources informed.The awards, unveiled on January 16, 2024…

Coretrax Boosts Well Intervention Portfolio and Secures New Deals

Jan 16, 2024

Oil and gas well integrity and production optimization company Coretrax has strengthened its well intervention capabilities after acquiring a complementary suite of technology from Wireline Drilling Technologies.After completing the acquisition and expanding its offering…

Strohm Wraps Up TotalEnergies’ TCP Job in West Africa

Jan 16, 2024

Strohm has supplied TotalEnergies with a thermoplastic composite pipe (TCP) Jumper, which has been commissioned in deep water in West Africa.This installation, at 1600-meter water depths, followed a rigorous testing program, during which TotalEnergies…

Joint Project Set to Improve Oil Recovery from Reservoirs

Jan 16, 2024

Fishbones, a provider of alternative reservoir stimulation technology, has started an industry technology development project with major Norwegian operator Aker BP to improve oil recovery from reservoir assets.Supported with a $121,000 (NOK 1…

Talos to Acquire US Gulf of Mexico E&P Company for $1.3B

Jan 16, 2024

Talos Energy has executed definitive agreements to acquire QuarterNorth Energy, a U.S. Gulf of Mexico exploration and production company with ownership in several prolific offshore fields, for $1.29 billion.The acquisition will boost Talos’…

BlackRock to Acquire Global Infrastructure Partners in $12.5B Deal

Jan 15, 2024

BlackRock said on Friday it would buy Global Infrastructure Partners (GIP) for $12.5 billion in a major bet on alternative assets and announced a shake-up of its top management.The deal, which includes $3 billion in cash and 12 million BlackRock shares…

Beacon Offshore Makes FID for Winterfell Discovery in Gulf of Mexico

Jan 15, 2024

Beacon Offshore Energy has announced that several of its subsidiaries have taken final investment decision (FID) to develop the Winterfell discovery in the Gulf of Mexico, with the first oil expected in the second quart of 2024.The Winterfell discovery…

Australian Court Lets Santos Build Barossa Pipeline

Jan 14, 2024

Australia's Santos can proceed with construction of an undersea pipeline vital to its $4.3 billion Barossa gas project after a court on Monday ruled in favor of the oil and gas firm in a dispute with an Indigenous man looking to pause the work…

Esgian Week 2 Report: New Work Secured

Jan 14, 2024

It was a busy week in the offshore drilling sector as new work was secured by Noble and Valaris rigs, reports Esgian in its Week 2 Rig Analytics Market Roundup.ContractsLLOG has exercised a six-month option for Noble 12,000-ft drillship Noble Valiant in the US GOM…

Oil Prices Rise Over 2.5% After US-UK Strikes in Yemen

Jan 12, 2024

Oil prices rose more than 2.5% on Friday as the United States and Britain carried out air and sea strikes on Houthi military targets in Yemen in response to attacks by the Iran-backed group on shipping in the Red Sea.The attack added to market…

Australia Starts Review of its Offshore Policy Framework

Jan 12, 2024

The Australian Government is asking for feedback on ways to improve its offshore environmental management regime.In the first instance, the Department of Industry, Science and Resources is seeking to clarify the consultation requirements under…

Norwegian Shelf Production Expected to Remain Stable

Jan 11, 2024

The Norwegian Offshore Directorate has released figures for 2023, saying production was somewhat lower than was expected a year ago.This is largely due to unplanned and extended maintenance shutdowns at multiple onshore facilities and fields…

MODEC Contracts Jumbo Offshore for FPSO Errea Wittu Job

Jan 11, 2024

Jumbo Offshore has been awarded a contract by MODEC for the pre-installation of the mooring spread of the FPSO Errea Wittu, which will be located at Uaru field offshore Guyana.The FPSO Errea Wittu will have the capacity to store 2 million barrels of oil…

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