Oil And Gas News

 

MODEC Picks Everllence Compression Systems for Brazil FPSO

Jan 15, 2026

MODEC has commissioned Everllence to supply five compressor trains for its new Floating Production Storage and Offloading (FPSO) for the Gato do Mato - Orca Project offshore Brazil.The FPSO will be moored in the pre-salt area of the Santos Basin…

NSTA Fines Two North Sea Operators for Emissions, Decom Breaches

Jan 15, 2026

The North Sea Transition Authority (NSTA) has fined two offshore operators, NEO and CNR International, a total of $470,000 (£350,000) for breaches related to emissions limits and well decommissioning, as the regulator continues to tighten enforcement of industry rules…

TGS Embarks on OBN Multi-Client Survey in Gulf of America

Jan 15, 2026

Energy data and intelligence firm TGS has embarked on next-generation multi-client long-offset Ocean Bottom Node (OBN) acquisition campaign, dubbed APEX 1, in the Gulf of America.Node deployment for APEX 1 started in December 2025, and acquisition…

Woodside to Supply LNG to JERA During Japan's Winter Peak

Jan 15, 2026

Woodside Energy Trading Singapore has signed a sale and purchase agreement with Japan’s JERA for the supply of liquefied natural gas (LNG) during Japan’s peak winter period, strengthening long-term LNG supply arrangements between the two companies…

Saudi Aramco and Commonwealth LNG Ink Long-Term Supply Deal

Jan 15, 2026

Saudi Aramco and Commonwealth LNG have signed a long-term contract for the U.S. LNG developer to supply the world's largest oil exporter with 1 million metric tonnes per annum (mtpa), three people familiar with the deal tell Reuters.The deal…

US Extends Talks on Possible $22B Sale of Lukoil Assets

Jan 15, 2026

The U.S. Treasury Department on Wednesday extended a license by more than a month - until February 28 - for companies to talk with Russian energy company Lukoil about buying its foreign assets.President Donald Trump imposed sanctions on Lukoil and Rosneft…

ELITE Expands Asia, Middle East Footprint with EUTEX Training Deal

Jan 14, 2026

ELITE Oil & Gas has acquired the hazardous-area training business of EUTEX International, expanding its specialist training capabilities across Asia and the Middle East.The acquisition includes EUTEX’s hazardous-area training operations, its internationally recognized CompEx and IECEx courses…

Eco Atlantic, Navitas Engage Guyana on Offshore License Extension

Jan 14, 2026

Eco (Atlantic) Oil & Gas has started discussions with the Government of Guyana regarding the continuation of its appraisal and exploration program on the offshore Orinduik Block, following the expiry of the license’s second renewal term.The…

Fugro, PTSC G&S Extend Partnership for Vietnam's Offshore Wind Push

Jan 14, 2026

Fugro has extended its partnership with PTSC Geos and Subsea Services (PTSC G&S) to provide marine site characterization services in Vietnam, supporting rising demand from both the oil and gas sector and the country’s growing offshore wind industry…

TotalEnergies Makes Nigeria Asset Sale, Launches Middle East Trading JV

Jan 14, 2026

TotalEnergies has agreed to sell its interests in Nigerian asset, while launching a new petroleum products trading joint venture in the Middle East, as the French energy major continues to reshape its portfolio and expand its downstream trading activities…

Second Gas Discovery Confirmed at ConcoPhillips’s Otway Basin Well off Australia

Jan 14, 2026

Gas has been confirmed at the Charlemont-1 exploration well offshore Victoria, operated by ConocoPhillips, following the successful recovery of a gas sample that validates the Charlemont Trend in Australia’s Otway Basin.Australia’s 3D Energi…

ABS and AMOG to Advance Offshore Mooring Digital Twin Technology

Jan 13, 2026

ABS and AMOG Consulting have signed a memorandum of understanding (MOU) to collaborate on an offshore mooring digital twin.The agreement combines AMOG’s monitoring technology with ABS’ classification and certification capabilities to deliver…

Petrobras Boosts Tupi Field Production

Jan 13, 2026

Brazil's state-run oil firm Petrobras has been producing 1 million barrels of oil per day at its offshore Tupi field since Friday, CEO Magda Chambriard told Reuters on Tuesday.The milestone is the result of an effort by Petrobras to boost production in the declining oil field…

Equinor Revising Plans for World's Northernmost Oilfield

Jan 13, 2026

Norway's Equinor aims to settle the technical plans this year for developing the Wisting undersea oil discovery in the Arctic after significantly reducing its costs, a senior company executive told Reuters on Tuesday.Equinor and its partners put development of Wisting…

Venezuela Reopens Wells as Exports Resume

Jan 13, 2026

Venezuela's state oil company has begun reopening some of the wells it and its joint venture partners had shut amid a strict U.S. embargo, as crude exports resume with two shipments departed on Monday, three sources close to operations said…

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