Oil And Gas News

 

Santos Posts 25% Profit Fall, Plans to Cut 10% of Jobs

Feb 18, 2026

Santos unveiled plans to cut about 10% of staff and review its Australian Integrated Oil and Gas portfolio after reporting a sharp fall in annual profit on Wednesday.Shares of Australia's No. 2 oil and gas producer closed 0.6% lower at A$6.63…

Suriname, Guyana Plan Cross-Border Team for Join Gas Projects

Feb 18, 2026

Suriname and Guyana plan to create a joint technical team to explore the development of natural gas production projects between the two South American countries, Suriname's oil minister told Reuters.The team, which could be installed next month…

New Alliance Targets Offshore Caisson Integrity Challenges

Feb 17, 2026

THREE60 Energy, Innovair and Oil States have formed a strategic alliance to deliver integrated caisson integrity management services for the global oil and gas sector, targeting ageing offshore assets in mature basins such as the North Sea.The collaboration combines inspection…

Mammoet Completes Record Module Loadout at Khalifa Port for Gas Project

Feb 17, 2026

Mammoet has completed the weighing, transport and loadout of 24 process modules for a major gas development project in the United Arab Emirates, in what the company said was the largest outward shipment in Khalifa Port’s history.The modules…

Santos Prevails in Legal Challenge Over Climate Claims

Feb 17, 2026

An Australian court on Tuesday threw out a lawsuit against gas producer Santos that alleged the company misled the public on its plans to achieve net zero carbon emissions.The lawsuit was launched in 2021 by the Australasian Centre for Corporate Responsibility…

Trump Calls Out California, UK Energy Deal

Feb 16, 2026

President Donald Trump denounced a clean energy agreement between the United Kingdom and California Governor Gavin Newsom hours after it was signed on Monday, Politico reported.In an interview with the outlet, Trump said it was 'inappropriate' for Britain to be dealing with the Democratic governor…

ABL Secures Work at Egypt’s Kamose Gas Field

Feb 16, 2026

Energy and marine consultancy ABL has been appointed to provide marine warranty survey (MWS) services to support the offshore construction for the Phase 4 development of the Kamose offshore gas field development in the Mediterranean Sea for North Sinai Petroleum Company (NOSPCO)…

Eni Confirms Large Gas, Condensate Find off Ivory Coast

Feb 16, 2026

Eni has made a significant gas and condensate discovery offshore Ivory Coast after drilling the Murene South-1X well in Block CI-501, confirming the potential of the Calao channel complex.The discovery, named Calao South, is estimated to contain up to 5…

Chevron-Led Group Seals Offshore Gas Exploration Deals in Greece

Feb 16, 2026

A consortium led by U.S. oil major Chevron signed exclusive lease agreements on Monday to look for natural gas off southern Greece, expanding the United States' presence in the eastern Mediterranean.The deal doubles the amount of Greek maritime…

Equinor Finds Oil and Gas in North Sea off Norway

Feb 16, 2026

Equinor and its partners have discovered oil and gas in the exploration well drilled in the North Sea in the Granat prospect near Gullfaks, offshore Norway.Wildcat wells 33/12-N-3 HH and 33/12-N-3 GH were drilled in connection with drilling…

Turkish Drill Ship Heads to Somalia for First Overseas Mission

Feb 15, 2026

Turkey sent its deep-sea drilling vessel Cagri Bey to Somalia on Sunday for what its energy minister said would be Ankara's first offshore exploration mission outside its maritime zone.Describing the move as a 'historic moment' in Turkey's oil and gas exploration efforts…

Jumbo Offshore Wraps Up Errea Wittu FPSO Mooring Pre-Lay in Guyana

Feb 13, 2026

Jumbo Offshore has completed mooring pre-installation activities for the Errea Wittu floating production, storage and offloading (FPSO) unit at ExxonMobil Guyana’s Uaru Field in the Stabroek Block offshore Guyana.The work, carried out on behalf of MODEC…

ConocoPhillips Submits $2B Greater Ekofisk Gas Redevelopment Plans

Feb 13, 2026

ConocoPhillips Skandinavia and its partners have submitted two Plans for Development and Operation (PDOs) to Norway’s Ministry of Energy for a combined redevelopment of the Albuskjell, Vest Ekofisk and Tommeliten Gamma fields in the Greater Ekofisk Area of the North Sea…

Mubadala Hires SLB for Deepwater Drilling Services Offshore Indonesia

Feb 12, 2026

SLB has secured multiple offshore drilling services contracts by Mubadala Energy for the Tangkulo natural gas deepwater development and associated exploration and appraisal activities in the Andaman Sea offshore Indonesia.The contracts cover…

BW Offshore, McDermott Unveil Blue Ammonia FPSO Concept (Video)

Feb 12, 2026

BW Offshore has unveiled a floating blue ammonia FPSO concept developed in collaboration with McDermott International, combining offshore production, carbon capture and direct export to convert surplus natural gas into lower-carbon fuel.The floating production…

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