Oil And Gas News

 

Baker Hughes Bets on Foreign Demand

Jul 28, 2024

Baker Hughes cut its outlook for spending by oil producers on Friday, citing lower drilling activity by North American companies, joining other oilfield service companies in warning about softness in the region.However, the company raised its full-year revenue and profit estimates…

Petrobras Bids for Galp's Oil Field in Namibia

Jul 28, 2024

Brazil's state-run oil firm Petrobras has made a non-binding offer to buy a major stake in Galp Energia's huge offshore oil discovery in Namibia, Petrobras exploration and production director Sylvia dos Anjos told Reuters on Friday.If accepted…

Borr Drilling Scoops $332M in Three Jack-Up Rig Contracts

Jul 26, 2024

Offshore drilling contractor Borr Drilling has secured contracts for three of its premium jack-up drilling rigs, which will be put to work in Brazil, Malaysia and Gabon.These contract and extensions for Borr Drilling’s Arabia I, Gunnlod and Norve jack-ups cover a total of 1…

TSC Subsea to Conduct Subsea Inspections Offshore Brazil

Jul 26, 2024

TSC Subsea has secured a contract with a major operator for the subsea inspection of insulated flexible pipes in the pre-salt region offshore Brazil.The multi-year contract will enable the company to deliver continuous inspection services to the unnamed client from 2024 to 2026…

Jadestone Energy Secures Four Shallow Water Fields Offshore Malaysia

Jul 26, 2024

Asia-pacific focused oil and gas company Jadestone Energy has been awarded a 100% participating interest in a Small Field Asset Production Sharing Contract (SFA Cluster PSC) offshore Malaysia by Petronas, through Malaysia Petroleum Management…

CNOOC, ADNOC Agree to Deepen Cooperation

Jul 25, 2024

China National Offshore Oil Company (CNOOC) said on Thursday it signed strategic alliance agreement with Abu Dhabi National Oil Company (ADNOC) to deepen cooperation.Under the agreement, the companies will cooperate in oil, gas exploration and production…

GA Drilling Teams Up with Petrobras for Next-Gen Downhole Drilling Systems

Jul 25, 2024

Slovakia-based drilling specialist GA Drilling has entered into a technical cooperation program with Brazil’s state-owned oil and gas giant Petrobras to deliver more efficient deep drilling system.In cooperation with Cenpes, Petrobras’ research…

TotalEnergies Q2 Earnings Fall 6% on Weak Refined Product and Gas Demand

Jul 25, 2024

French oil major TotalEnergies reported a 6% fall in second-quarter earnings on Thursday, worse than analysts expected, hurt by lower refined product and gas sales and as European refining margins tumbled.Adjusted net income for the three months to June 30 was $4…

SBM Offshore Holds Naming Ceremony for FPSO Lined Up for Work Offshore Brazil

Jul 25, 2024

Dutch FPSO leasing specialist SBM Offshore has held a naming ceremony for a floating production, storage, and offloading (FPSO) unit, which will be deployed at a field offshore Brazil for oil and gas company Petrobras.The FPSO Almirante Tamandaré…

Marlink to Upgrade Offshore Network on Shelf Drilling’s Jack-Up Rig Fleet

Jul 25, 2024

Satellite communications solutions firm Marlink and Shelf Drilling have agreed to conduct communications and network upgrades on the offshore driller’s 36-strong jack-up rig fleet.The first upgrade involves implementing a software-defined network…

Refurbished FPSO and FSO Set to Sail to Eni’s Baleine Fild

Jul 25, 2024

The floating production storage and offloading (FPSO) unit Petrojarl Kong and floating storage and offloading vessel (FSO) Yamoussoukro have entered their final stages of upgrading and conversion prior to their mobilization to Côte d’Ivoire for Eni’s Baleine Phase 2 project…

Cyan Renewables to Buy MMA Offshore

Jul 24, 2024

Singapore's Cyan Renewables, which operates vessels for offshore wind farms, said on Thursday it will buy its Australian peer MMA Offshore for A$1.1 billion ($725.67 million), marking the largest take-private deal in this space in the Asia Pacific region…

New Fortress Energy Secures $700M Loan for Second FLNG Unit in Mexico

Jul 24, 2024

One of the world’s leading LNG project developers New Fortress Energy (NFE) has secured a $700 million loan for the second floating liquefied natural gas (FLNG) unit in Mexico, days after producing LNG at its first FLNG unit offshore Altamira…

Equinor Still Considering Reducing Rosebank Oilfield Stake

Jul 24, 2024

Norway's Equinor is still considering reducing its 80% stake in Britain's Rosebank oilfield as it seeks to bring the share in line with that of its other assets, Chief Financial Officer Torgrim Reitan told Reuters on Wednesday.The current 80%…

SRJ Technologies Acquires Oil and Gas Remote Inspections Services Firm

Jul 24, 2024

Australian-headquartered SRJ Technologies has signed an agreement for the acquisition of UK-based Air Control Entech (ACE), in a move aimed at bolstering its fleet with advanced drones and robots designed to conduct remote inspections of offshore energy assets…

Current News

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ConocoPhillips Wraps Up $22.5B Marathon Oil Acquisition

ConocoPhillips Wraps Up $22.5B

Repsol Gets $440K Fine for Halting NEO’s Production at Flyndre Field

Repsol Gets $440K Fine for Hal

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