The Ministry of Petroleum and Mineral Resources of Egypt has signed an agreement with Eni and BP to launch oil and gas exploration activities in the Mediterranean Sea.The agreement includes the drilling of an exploration well in the Temsah concession area in the coming months…
Energy industry services firm EnerMech has been awarded a two-year contract extension by BP Trinidad & Tobago to continue providing crane operations on the operator’s 12 offshore platforms in the Caribbean country.Project scope includes crane operations…
Oxford Flow has started commercial trials of its stemless control valve with ADNOC, marking a major step forward in industrial decarbonization across one of the world’s leading energy producers.The pilot is a result of Oxford Flow’s success…
Azule Energy, a joint venture between BP and Eni, has started producing oil through the Agogo floating production, storage and offloading (FPSO) unit, operating at the Agogo Integrated West Hub (Agogo IWH) project, offshore Angola, which involves the development of two fields…
Shell's second-quarter adjusted earnings, its definition of net profit, tumbled by almost a third on Thursday, dragged down by a drop in oil prices, but still easily beat analysts' forecasts.The oil major said it would maintain the pace of its share buyback programme at $3…
Blue Water Suriname has secured rig agency and logistics contract for Noble Corporation’s Noble Developer rig, which is engaged on drilling operation for Petronas offshore Suriname.Blue Water team in Suriname will offer rig agency and the logistics and shorebase support Noble Developer…
The merger between Repsol Resources UK and NEO Energy has been completed, creating NEO NEXT Energy as one of the largest producers on the UK Continental Shelf (UKCS).The joint venture is owned by Repsol E&P Group (45%) and NEO UK (55%), with a projected 2025 production of approximately 130…
U.K.-based oil and gas firm Serica Energy has revised its production outlook for 2025, following the delays with the ramp-up to steady production from the Triton floating production, storage and offloading (FPSO) unit, which was restarted earlier in July…
Aker BP has exercised the option for the extension period under the existing contract with Saipem for the semi‑submersible drilling rig Scarabeo 8.The option, which is direct continuation of the previous one-year contract extension, prolongs the contract until December 31…
Global Energy Group (GEG) has reached an agreement on the sale of three of its group companies, including The Port of Nigg, to long term investor, Mitsui & Co. Europe (Mitsui) a subsidiary of Mitsui & Co, together with Mitsui O.S.K. Lines (MOL)…
Global energy technology company SLB has introduced the OnWave autonomous logging platform, said to enable more efficient and reliable acquisition of formation evaluation measurements in any well condition.This first-of-its-kind technology autonomously acquires multiple…
India’s Oil and Natural Gas Corporation (ONGC), BP Exploration (Alpha), and Reliance Industries (RIL) have signed a joint operating agreement (JOA) to explore offshore Block GS-OSHP-2022/2 in India’s Saurashtra Basin.The agreement, formalized at ONGC’s headquarters in New Delhi on July 28…
Tullow Oil has completed the sale of its assets in Gabon to the Gabon Oil Company (GOC) for $307 million, exiting the African country after 21 years of operations.The transaction represents the sale of 100% of the shares in Tullow’s subsidiary Tullow Oil Gabon…
Floating liquefied natural gas (FLNG) terminals are gaining momentum on the global LNG market, with capacity expected to triple by 2030 according to research from Rystad Energy.Once hindered by technical and operational challenges, FLNG projects…
Kongsberg Maritime has signed a development program framework agreement with Noble Corporation, marking a key step forward in the co-development of advanced marine technologies for the offshore drilling sector.The long-term strategic partnership will focus on the joint development…