Saipem has signed a renewal for its framework agreement with Saudi Aramco. The Long-Term Agreement (LTA) now extends until the end of 2027.With the renewal of the LTA, Saipem is reconfirmed in the exclusive list of contractors selected by Saudi Aramco who are eligible to bid for work orders…
A consortium led by U.S. oil major Exxon Mobil is about to begin installing its fourth floating oil production facility in Guyana, the South American country's maritime regulator said in a notice on Tuesday.The floating production storage and offloading (FPSO) facility 'One Guyana…
Brazilian oil and gas company Brava Energia has started production from two more wells at Atlanta field offshore Brazil, with the floating, production storage, and offloading (FPSO) unit now producing through four wells.Both wells, 4H and 5H…
BW Energy has made final investment decision (FID) for the Golfinho Boost project, aiming to increase uptime, reduce operating expenses and add approximately 3,000 barrels per day of incremental oil production from 2027 at the Golfinho field offshore Brazil…
China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has brought on stream Wenchang 9-7 oil field development in the western Pearl River Mouth Basin in South China Sea.The main production facility is a new drilling and production platform…
British oil and gas producer BP said on Friday that reported upstream production in the first quarter is expected to be lower compared to the previous quarter.BP expects earnings in its oil production and operations segment to be broadly flat from the previous quarter…
Denmark’s largest offshore gas development, the Tyra hub in the North Sea, has been restarted with full technical capacity achieved on the facilities, following the completion of repairs which impacted the production.BlueNord, the partner in…
Pakistan's Oil and Gas Development Company Limited (OGDC) expects to start production in Abu Dhabi's Offshore Block-5 by 2027, while also increasing domestic oil and gas output and diversifying into minerals, its CEO said on Wednesday.OGDCL…
Vietnam's state oil firm Petrovietnam and Malaysia's Petronas signed a deal to extend their long-standing Production Sharing Contract for an offshore oil block that overlaps a maritime boundary between the two countries, Petrovietnam said on Wednesday…
Mozambique on Tuesday approved the development plan for Eni's second floating liquefied natural gas platform, Coral Norte, paving the way for a final investment decision.According to a government statement, the plan will see the production of 3…
Eni will continue to produce gas in Venezuela while engaging with the U.S. administration over a waiver to export oil from the Latin American country as payment for gas, the CEO of the Italian energy group said on Tuesday.Eni has been producing gas in Venezuela for the domestic market since 2022…
The Tyra II project in the North Sea, Denmark’s largest offshore gas development, is expected to start operating at its full capacity from next week, following the issues with the equipment which have restricted its production.Since March 4…
A new report has found that deliveries within exploration, development projects and operation of Equinor-operated fields and onshore facilities in Norway continued to grow in 2024.Equinor procured goods and services with a total value of $13…
Aker BP, together with SLB and Stimwell Services, has extended its well intervention and stimulation alliance agreement for another five years to further accelerate and boost oil production.Formed in 2019, the alliance has supported Aker BP’s operated assets in meeting production targets…
