STATS Group, a wholly owned subsidiary of Mitsui & Co, and EPOMS have secured a three-year pipeline isolation contract with a major Malaysian oil and gas operator, covering onshore and offshore pipelines located in Peninsular Malaysia, Sarawak and Sabah…
The global economy is bracing for renewed turbulence following U.S. President Donald Trump’s announcement on Wednesday of sweeping new tariffs, triggering fears of a global trade war and sparking immediate market and political reactions.According to the White House…
Global Underwater Hub (GUH) and Subsea Innovation Cluster Australia (SICA) have signed a memorandum of understanding (MoU) to work together to grow the subsea sector in both hemispheres.GUH, the trade and development body which represents the UK’s $11…
Global integrated logistics and materials management specialist ASCO has been awarded a three-year contract, with options, to provide base and logistics services for Repsol Norge in Tananger and Farsund in Norway.The agreement covers a comprehensive range of services…
Worley has secured a contract by German state-owned Deutsche Energy Terminal (DET) for Phase 2 of the Brunsbüttel Floating Storage Regasification Unit (FSRU) terminal in Brunsbüttel, Germany.Under the contract, Worley will provide construction…
Miros expanded its product line with the launch of the Oil Spill Detection (OSD) Monitoring application in Miros Cloud.Designed to run on top of Miros’ OSD system, the solution introduces a new level of real-time visibility, centralized collaboration…
Nigerian President Bola Ahmed Tinubu has appointed Bayo Ojulari, a former Shell executive, to head the state-owned oil firm NNPC Ltd as the country seeks to raise oil production and revitalise its refining capacity, the presidency said on Wednesday…
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…
Offshore drilling firm Shelf Drilling has received a notice of contract termination from TotalEnergies EP Denmark for its Shelf Drilling Winner jack-up rig, operating offshore Denmark.Under the notice and in accordance with the contract, the termination will be effective during August 2025…
BP Trinidad and Tobago has started production from its Cypre gas project, off the southeast coast of Trinidad within the East Mayaro Block.Cypre is one of BP’s 10 major projects expected to start up worldwide between 2025 and 2027, announced as part of its reset strategy to grow the upstream…
Specialist drilling waste management company TWMA has secured a three-year contract with TotalEnergies UK for its drilling waste management services.Agreed following a call for tender, the contract started in October 2024 and includes the option for extension…
INEOS Energy has completed the acquisition of CNOOC’s oil and gas assets in the Gulf of America, increasing its global oil production to over 90 thousand barrels of oil equivalent per day. The completion of the deal marks the third major investment by INEOS Energy in the United States…
Oil and gas company BW Energy has been granted extension to the Golfinho license production phase to 2042 by the Brazilian oil and gas regulator ANP.The production phase under the Golfinho concession contract has been extended to 2042 from previously 2031…
Italian offshore energy services firm Saipem has secured new offshore contracts in Middle East and Guyana, worth approximately $720 million.The first contract encompasses the engineering, procurement, construction and installation (EPCI) activities…
Oilfield services provider Petrofac, through its Asset Solutions division, has been awarded a collection of scope expansions and new contracts in the first quarter of 2025, totaling $500 million.The awards – which realize growth in Asset Solutions’ core markets and target growth geographies…
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