Oilfield services firm Archer has secured an integrated plug and abandonment (P&A) contract by Equinor covering 30 subsea wells, worth up to $140 million.The contract follows a frame agreement announced in March 2025, under which Archer was…
Artificial intelligence (AI) contributed savings and value creation of about $130 million for Equinor and its partners in 2025, as the Norwegian firm expanded the use of AI across offshore platforms and onshore facilities.The company uses artificial…
Vantris Energy Berhad said it has been awarded offshore transportation and installation work orders in Malaysia by Petronas Carigali under existing long-term contracts.The awards were secured by Sapura Offshore, an indirect wholly owned subsidiary of Vantris Energy…
Murphy Oil Corporation has drilled an appraisal well at the Hai Su Vang oil field offshore Vietnam, confirming a larger hydrocarbon column and strengthening the field’s recoverable resource potential.The Hai Su Vang-2X appraisal well was drilled in Block 15-2/17 in the Cuu Long Basin…
ConocoPhillips has identified probable gas across all targeted Waarre sandstone reservoirs at its Charlemont-1 exploration well in Australia’s Otway Basin, resuming drilling after an earlier pressure-related pause before suspending operations again due to higher-than-anticipated formation pressures…
French seismic firm Viridien has announced a new basin-scale reimaging program within the hydrocarbon-prolific Balingian-Luconia-Baram basins, in collaboration with Petronas, through Malaysia Petroleum Management.Viridien will leverage its imaging technologies to reimage 44…
U.S. oil major Chevron and private equity group Quantum Energy Partners are teaming up to bid for the international assets of Russian oil major Lukoil, which are valued at $22 billion, the Financial Times reported on Wednesday.“Chevron has a…
State-owned Petrovietnam Gas has awarded its first-ever term supply tender seeking liquefied natural gas (LNG) to energy major Shell, which will deliver the super-chilled fuel to Vietnam from 2027 to 2031.The five-year supply deal will see Shell deliver about 400…
Abu Dhabi National Oil Company (ADNOC) has taken a final investment decision on the SARB Deep Gas Development, a strategic offshore gas project within the Ghasha Concession, offshore United Arab Emirates.The project is expected to deliver up…
A synthetic fluid leak of about 15 cubic meters (15,000 liters) has halted Brazilian state-run oil firm Petrobras' drilling of a well in the environmentally sensitive Foz do Amazonas Basin, the company said on Tuesday.In a statement, Petrobras…
Shell has agreed to buy stakes in two undeveloped offshore blocks in ultra-deep waters offshore Angola from Chevron, the European energy major said on Tuesday.European oil majors have said they will spend billions in Angola, Sub-Saharan Africa's second-largest crude oil producer after Nigeria…
French offshore marine services company Bourbon has completed a financial and capital restructuring, with Davidson Kempner Capital Management LP and Fortress Investment Group becoming its majority shareholders.The restructuring marks the start…
U.S. oilfield services provider Halliburton has introduced the HyperSteer MX directional drill bit, a shankless matrix-body bit designed to improve durability, enhance directional control, and reduce well construction time.The new bit delivers longer drilling runs…
Offshore drilling contractor Borr Drilling has secured new contract commitments for two of its premium jack-up rigs, adding firm work in Mexico and the United States.Borr Drilling’s jack-up rig Ran has received a one-well extension from Italy’s Eni in Mexico…
Chevron has delivered first oil from its South N’dola platform offshore Angola, marking a major project milestone just over two years after construction began.Located in Block 0, which accounts for around 12% of Angola’s daily energy output…
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