Norwegian oil and gas operator DNO has sold its 7.604% stake in the Ekofisk Previously Produced Fields (PPF) project on the Norwegian Continental Shelf to Orlen Upstream Norway, while acquiring new interests from Orlen as part of its ongoing North Sea portfolio adjustments…
Brazil’s Petrobras has identified the presence of 'excellent quality' oil in the post-salt section of the Campos Basin, following the drilling of an exploratory well in the Sudoeste de Tartaruga Verde block.The 4-BRSA-1403D-RJS well lies 108…
MODEC has outlined plans merge its wholly owned subsidiaries MODEC America and SOFEC from the start of 2026, bringing SOFEC fully into the group as a new Mooring Solutions Business Unit.SOFEC, known for its permanent mooring systems and fluid transfer technologies…
Oil and gas firm Ithaca Energy has extended the stay of Prosafe’s Safe Caledonia accommodation rig at the Captain field in the U.K. sector of the North Sea.Ithaca has exercised a further seven weeks of options for the Safe Caledonia, extending its stay through to early February 2026…
Energy data and intelligence firm TGS has outlined plans for the start of Pelotas Norte Phase I multi-client 3D survey in the Pelotas Basin, offshore southern Brazil.Phase I will encompass approximately 14,800 square kilometers across 21 exploration blocks…
Offshore drilling contractor Odfjell Drilling has signed a $480 million deal to acquire Deepsea Bollsta semi-submersible drilling rig from Northern Ocean, while securing also securing a job for its Deepsea Aberdeen rig.Deepsea Bollsta has been…
QatarEnergy has signed a production sharing agreement for shallow-water Block S4 offshore Guyana. The block was awarded through the 2022 Guyana Licensing Round.Under the terms of the agreement, QatarEnergy will hold a 35% share, while its partners TotalEnergies will act as operator…
ConocoPhillips Australia has confirmed a natural gas discovery at its Essington-1 exploration well in the Otway Basin, marking the first find in the basin since 2021.The well, located in permit VIC/P79 about 53 km offshore Port Campbell and 12 km from existing production infrastructure…
Offshore operators are using an array of smart tools and techniques to optimize production, including from tiebacks, and cut emissions in the North Sea, a new report from the North Sea Transition Authority (NSTA) shows.The Technology Insights…
Oilfield services firm Archer has secured a five-year contract extension for platform drilling and maintenance services in the U.K. with an estimated contract value of $110 million.The extension will start on May 1, 2026 in direct continuation of the current contract…
ExxonMobil Guyana and its Stabroek block co-venturers, Hess Guyana Exploration and CNOOC Petroleum Guyana, have reached a new milestone in the South American country, with the production rising to 900,000 barrels of oil daily.The achievement…
When warnings abound about an imminent collapse in oil prices, one would not expect the CEO of a major oil company to boast that he has never been more confident.Yet that was precisely the message conveyed in Chevron's updated strategy, unveiled by CEO Mike Wirth on Wednesday…
U.S. private equity firm Carlyle is exploring options to buy Russian oil major Lukoil's LKOH.MM foreign assets, three sources familiar with the situation said.The U.S. has hit Lukoil with sanctions as part of its effort to bring the Kremlin to peace talks over Ukraine…
Colombia's state-run energy company Ecopetrol expects to execute about $6.3 billion in investments in 2025, equivalent to 90% of its target, executives from the company told Reuters in an interview on Thursday, adding it could close the year with five additional exploratory wells drilled…
Saipem has launched the LiSa Hyper Harness, a smart safety harness equipped with sensors and artificial intelligence designed to enhance worker safety during operations at height.The device monitors how workers connect to fall protection systems…
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