BP, Chevron and Shell were among the top bidders on Wednesday at the U.S. government's first sale of oil and gas drilling rights in the Gulf of Mexico since 2023.The auction, which ended with $279.4 million in high bids, was the first of 30 mandated by U…
Shell is seeking a buyer for a 20% stake in its Brazilian oilfield cluster to help fund a multibillion-dollar offshore development, Bloomberg News reported on Tuesday, citing sources.Shell declined to comment on the report, when contacted by Reuters…
The Norwegian Offshore Directorate has granted Equinor a drilling permit for a wildcat well in the North Sea.The permit is for wellbore 35/11-32 S in production license 090 HS, operated by Equinor with 60% working interest.The other partners in license are Inpex Idemitsu Norge and Vår Energi…
Eni has made a significant gas discovery in the Konta-1 exploration well, drilled in the Muara Bakau production sharing contract (PSC), in the Kutei Basin, offshore Indonesia.Estimates indicate 600 billion cubic feet (Bcf) of gas initially in…
Eni has signed a long-term LNG sales agreement with Thailand’s Gulf Development Company, expanding its presence in Asian gas markets and advancing its plan to build a diversified global liquefied natural gas (LNG) portfolio.Under the 10-year contract…
Subsea Supplies has announced a strategic partnership with DRIFT Offshore to enhance subsea operations for its growing US customer base. This collaboration will provide customers across the region with faster access to Burton subsea connectors and cable assemblies…
Shell U.K. Limited, a subsidiary of Shell and Equinor UK Limited, a subsidiary of Equinor, completed a deal to combine their UK offshore oil and gas operations to form a new company, described as the largest independent producer in the UK North Sea…
Axess Technologies, a subsidiary of Axess Group, has secured another riser replacement contract with Equinor in the North Sea.The contract covers the planning and execution of all topside activities related to riser replacements on Visund and Troll C in the North Sea…
ADES Holding has secured a two-year contract through its subsidiary Shelf Drilling for the Compact Driller standard jack-up with Brunei Shell Petroleum, a joint venture between the Brunei government and Shell.The Compact Driller deal mars ADES…
Mubadala Energy and PLN Energi Primer Indonesia (PLN EPI) have signed a heads of agreement to supply gas from the Andaman Sea as part of efforts to strengthen Indonesia’s energy security.The agreement establishes a framework for supplying cleaner…
Britain will allow some new oil and gas production on or near existing fields, the government said on Wednesday, easing its stance on new licences while dashing oil and gas producers' hopes for an early end to windfall taxes on their sector…
Decommissioning activity on the UK Continental Shelf (UKCS) continues to grow as operators expand campaign-based approaches and rely on advanced planning and supply chain collaboration to manage rising costs and workloads, according to the latest report from Offshore Energies UK (OEUK)…
Saudi Arabian oil and gas drilling contractor ADES International Holding has completed the acquisition of rival rig firm Shelf Drilling.The merger, concluded on November 2025, has created a global offshore drilling powerhouse, with the combined…
U.S.-based Venture Global and Japan’s Tokyo Gas have signed a new long-term liquefied natural gas (LNG) sales and purchase agreement (SPA).Under the SPA, Tokyo Gas will procure 1 million tonnes per annum (MTPA) of LNG from Venture Global for 20 years…