Brazil awarded 56 oil and gas exploration blocks in two licensing rounds held on October 7, with Petrobras, Equinor, QatarEnergy, Galp and Chinese energy companies among the successful bidders, according to the country's National Agency of Petroleum…
Oil prices settled lower on Wednesday following a choppy session after the International Energy Agency agreed to speed up a release of oil stocks and prioritize diesel in a bid to curb record-high fuel prices as the Iran war squeezes global supplies…
ExxonMobil said on Wednesday that it will conduct maintenance work on a near-shore section of an offshore pipeline near Crane on Guyana's West Coast Demerara, beginning Oct 14.The work follows an issue identified during inspections earlier this year and is expected to continue until about Dec 1…
The US Environmental Protection Agency said on Wednesday it would soon propose scrapping a Biden-era rule aimed at curbing large leaks of methane from oil and gas operations.The move is part of a broad Trump administration effort to slash regulations…
Equinor and its partners have made a gas discovery at the Gullfaks South field in the Norwegian North Sea, with estimated recoverable resources of between 3.3 million and 10.3 million barrels of oil equivalent (boe).The discovery, located about 190 kilometers northwest of Bergen…
TechnipFMC has been awarded a subsea contract worth between $75 million and $250 million by Petrobras to supply flexible pipe systems for multiple pre-salt developments offshore Brazil.The contract, awarded following a competitive bidding process…
Framo has signed a four-year agreement with Petrobras to inspect and maintain pumping systems across the Brazilian energy company's fleet of about 30 floating production, storage and offloading (FPSO) units, in what the Norwegian pump manufacturer…
Equinor has raised the cost estimate for the Snøhvit Future project to $2.77 billion (NOK 26.5 billion) in 2026 value, citing greater-than-expected complexity and operational, weather and construction challenges, while keeping the project's timetable unchanged…
Yinson Production has priced $1.458 billion of senior secured notes to refinance debt linked to its Agogo floating production, storage and offloading (FPSO) unit operating offshore Angola, in what the company said was the largest FPSO project bond to date…
Buchan Offshore Wind has secured DNV Basic Design Certification for the BW Ideol-designed concrete Damping Pool floating foundation planned for its nearly 1 GW project off Scotland, marking a further engineering milestone ahead of commercial-scale development…
Danish contractor Cadeler has completed installation of all 76 wind turbines at the 1.2 GW Baltic Power project, Poland's first offshore wind farm, using its jack-up vessels Wind Osprey and Wind Mover.The completion of the turbine campaign moves…
Valaris has added about $220 million to its contract backlog through new offshore drilling contracts and extensions since its previous fleet update in August, including work in Suriname, Australia and the North Sea.The offshore driller secured…
Nigeria has launched its 2026 oil and gas licensing round, offering 40 blocks spanning onshore, shallow-water and deepwater areas as the country seeks new investment and higher production.Nigerian Upstream Petroleum Regulatory Commission (NUPRC)…
The cost of Aker BP's major ongoing oil and gas development projects, Yggdrasil and Valhall-Fenris, has risen by 9.8% and 23%, respectively, from nominal estimates a year ago, data from the government's fiscal budget showed on Wednesday.The…
Verlume has completed hyperbaric testing of the enclosure for its Orah subsea energy storage system, clearing a qualification milestone ahead of its planned deployment at the OranjeWind offshore wind farm in the Dutch North Sea.The testing was…
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