BP has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm's energy transition strategy to regain investor confidence, three sources with knowledge of the matter said.When unveiled in 2020, BP's…
Esgian highlights news from TotalEnergies in its Week 40 Rig Analytics Market Roundup.Report SummaryDrilling Activity and DiscoveriesThe Norwegian Ocean Industry Authority (Havtil) has given Aker BP consent to use the 492-ft jackup Noble Invincible…
Canadian pipeline company Enbridge has secured an agreement with BP to build, own, and operate crude oil and natural gas pipelines in the U.S. Gulf of Mexico for the recently sanctioned Kaskida development.The crude oil pipeline, named the Canyon Oil Pipeline System (Canyon Oil)…
Brazil’s state-owned oil giant Petrobras has informed that the gas potential of the discoveries in the Gujaira Basin offshore Colombia is around 6 trillion cubic feet (Tcf).The gas discoveries in the Uchuva-1 and Uchuva-2 wells, renamed Sirius-1 and Sirius-2…
Malaysia-based Velesto Energy, through its subsidiary Velesto Drilling, has signed a memorandum of understanding with SLB to enhance performance of its drilling rigs.The three-year collaboration will see SLB deploy its DrillOps Intelligent Well…
McDermott has secured an engineering, procurement, construction and installation (EPCI) contract by QatarEnergy LNG for the North Field South (NFS) offshore pipelines and cables project, part of the world's largest liquefied natural gas (LNG) project…
Equinor and its partners Petrolia Noco and PGNiG have started drilling the exploration well at Løvmeis prospect in the Norwegian Sea, using Transocean Encourage semi-submersible drilling rig.The well, 6608/10-R-2 H, is part of the production license 1013…
Guyana on Tuesday received bids from major energy companies seeking a 12-month marketing contract to trade the government's share of crude produced in the country, the country's National Procurement and Tender Administration Boardsaid.A total of 27 offers were received…
Mermaid Subsea Services has completed the first stage of a major North Sea decommissioning contract for Shell, ahead of the next phase scheduled to begin in 2025.Delivered ahead of schedule, the initial phase of the multi-year campaign involved…
Italian oil giant Eni has completed the sale of its upstream assets in the UK, excluding East Irish Sea assets and CCUS activities, to Ithaca Energy, taking approximately 38.7% stake in the London-listed company.The combination is funded through…
Aker BP has proven gas in an appraisal well in the Norwegian Sea, confirming also the size of previous discoveries made in 2022.The 6507/2-7 S well, located around 12 kilometers west of the Skarv field, was drilled to confirm the size of the…
Canada-based oil and gas company Valeura Energy has informed that the Nong Yao C extension, which started production in mid-August 2024, boosted the output from Nong Yao field offshore Thailand for 66%.In early August 2024, Valeura Energy completed drilling operations on the Nong Yao C extension…
Australian gas supplier Santos has signed a mid-term LNG supply contract with TotalEnergies’s Singapore subsidiary, TotalEnergies Gas & Power Asia.The contract is to supply 20 LNG cargoes, or up to approximately 0.5 million tonnes of LNG per year over a period of 3 years plus one quarter…
AGR, part of Oslo-listed ABL Group, has secured a long-term frame agreement with Equinor to provide subsurface and field development support related to project developments of facilities, offshore installations and onshore plants.Under the agreement…
Serica Energy has informed that the B6 well on the Bittern field, which started initial flowback to the Triton FPSO in September 2024, is now producing at a stable rate.The well is producing oil and gas at a combined gross rate of around 8,000 boepd…
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