CORE POWER has launched a feasibility study to evaluate the use of BWX Technologies' mPower small modular reactor (SMR) technology in floating nuclear power plants designed to be built in shipyards and deployed near energy demand centers.The study will assess technical…
TGS and partner SLB have launched a multi-client 3D seismic survey in the Pelotas Basin offshore southern Brazil, expanding subsurface data coverage in a frontier exploration area that has attracted growing industry interest.The Pelotas Sul Phase 1 survey covers approximately 13…
Ocean services provider DeepOcean has secured a contract by BP to remove subsea infrastructure from the Foinaven oil field west of Shetland as part of the decommissioning of the UK offshore asset.The scope of work includes the recovery of ten flexible process risers…
Saudi Aramco is considering the sale of a stake in its sulphur business, three sources with knowledge of the matter told Reuters, extending a strategy of tapping its infrastructure assets to raise tens of billions of dollars.Aramco, the crown jewel of the world's largest crude exporter…
Partners in the Balder field, Vår Energi and Kistos Energy, have taken a final investment decision (FID) on the Balder Next New Wells project in the Norwegian North Sea, which entails a seven-well tieback to the Jotun floating production, storage and offloading vessel (FPSO)…
The Trump administration on Wednesday said it would pay $765 million to power project developer Invenergy to terminate four wind leases off the coasts of New York, California and Maine.The Department of the Interior said in a statement that…
Equinor and its partners have agreed on a development concept for the Ringvei Vest project in the Norwegian North Sea, advancing plans for a large subsea tieback development that could recover an estimated 240 million barrels of oil equivalent…
U.S. liquefied natural gas producer (LNG) Venture Global and German utility EnBW have signed new binding agreements for the supply of approximately 0.82 million tonnes per annum (mtpa) of LNG over a period of about five years beginning in 2026…
Middle East oil producers face a reckoning. The Iran war exposed the dangers of relying on a single chokepoint for vital oil and gas exports, leaving Gulf governments with a clear strategic imperative: diversify – at all costs.An Iranian blockade…
Norwegian oil and gas producer Vår Energi has agreed a series of transactions on the Norwegian Continental Shelf that will strengthen its position in core producing hubs, increase ownership in key development projects and provide greater flexibility in capital allocation…
Oil prices fell by more than $2 per barrel on Thursday after the U.S. and Iran signed an interim agreement that would end the Iran war, reopen the Strait of Hormuz and waive U.S. sanctions on Tehran's oil, boosting the oil supply outlook.Brent crude futures LCOc1 were down $2…
Brazilian independent oil and gas producer PRIO has brought the fourth producer well at the Wahoo field online, completing the planned producer well rollout for the offshore development.The company said production from the fourth well has stabilized at 10…
Kosmos Energy has completed the sale of its interests in the Ceiba Field and Okume Complex production assets in Block G offshore Equatorial Guinea to Panoro Energy, as the company continues to streamline its portfolio and strengthen its balance sheet…
Offshore wind services company Venterra Group has launched a cloud-based platform designed to provide offshore wind developers with direct access to real-time metocean measurement data, aiming to reduce inefficiencies associated with traditional data management workflows…
German transmission system operator 50Hertz has awarded a consortium comprising Siemens Energy and Neptun Smulders Offshore Renewables (NSORe) a contract to deliver a 2 GW offshore converter system for the North Sea Connector 2 project, marking…