Latest News - page 5


OMV Exits Ghasha Gas Project off UAE with Lukoil Stake Sale

May 30, 2025

Austrian oil and gas firm OMV has signed an agreement with Lukoil Gulf Upstream, a subsidiary of Russia’s Lukoil, to divest its stake in a sour gas development offshore the United Arab Emirates (UAE).OMV has agreed the sale of 5% stake in the…

Island Frontier MSV Wraps Up West Africa Campaign for Oceaneering

May 30, 2025

Island Frontier multi-service vessel (MSV), owned by Island Offshore, has completed another campaign in West Africa for Oceaneering, ahead of embarking on a new project in the region.As part of the campaign, Island Frontier MSV delivered spool…

BP Lines Up Noble Rig for North Sea CCS Drilling Job

May 30, 2025

BP has hired Noble Corporation’s Noble Innovator jack-up rig for a drilling job related to carbon capture and storage (CCS) project in the North Sea.Under the contract, Noble Innovator will drill six firm wells for the Northern Endurance Partnership (NEP) project in the North Sea…

Eni Starts Drilling Activities off Ghana with Seventh-Gen Drillship

May 30, 2025

Eni Ghana, a subsidiary of Italy’s Eni, has marked the start of drilling activities offshore Ghana with the arrival of Deep Value Driller (DVD) drillship, following completion of activities in Côte d'Ivoire.Eni Ghana, together with its Offshore…

Gibdock Completes Renewal of TechnipFMC's Deepwater Pipelayer

May 29, 2025

Gibraltar-based ship repair and conversion yard Gibdock has completed the repair and renewal of TechnipFMC's Deep Blue, a deepwaer pipelay and subsea construction vessel.TechnipFMC relocated Deep Blue from the U.S. Gulf for the works, also redeploying…

Portuguese Firm Bags $280M for Maintenance Work on Petrobras' Platforms

May 29, 2025

Portuguese group Mota-Engil, through its Empresa Construtora do Brasil unit, has signed a contract with Petrobras to deliver offshore platform maintenance services in Brazil.The contract, worth approximately R$1.61 billion or $280 million, will have an estimated term of 48 months…

Galp Targets 40% Oil Production Boost in Brazil with New Field

May 29, 2025

Portugal's Galp expects to boost its oil and gas production in Brazil by around 40% over the next few years, when the promising offshore field Bacalhau reaches peak output, executive board member Nuno Bastos told reporters.Galp produces 110…

Eni Starts Talks with GIP for Carbon Capture Unit Stake Sale

May 29, 2025

Eni has entered exclusive talks to sell a 49.99% stake in its carbon capture, utilisation and storage (CCUS) business to BlackRock's infrastructure fund GIP, the Italian energy group said on Tuesday.The move is part of Eni's broader strategy…

China's Sinopec Laucnhes $690M Hydrogen Venture Capital Funds

May 29, 2025

China’s state oil and gas major Sinopec has established a venture capital fund focused on hydrogen energy, with an initial size of 5 billion yuan ($690 million), the company said in a statement on Thursday.The fund, the largest in China dedicated to investment across the hydrogen value chain…

Agogo FPSO Checks In Offshore Angola

May 29, 2025

The Agogo floating production, storage and offloading (FPSO) unit has reached Angola ahead off installation at Azule Energy’s offshore field.The trans-oceanic towing operation from China to Angola was conducted by PACC Offshore Services Holdings (POSH)…

Mento Platform Off Trinidad and Tobago Produces First Gas

May 29, 2025

EOG Resources Trinidad (EOG) and BP Trinidad and Tobago, equal joint venture partners in the Mento development, have produced first gas at the field off Trinidad’s southeast coast.The Mento development features a 12-slot, attended facility that…

CIP, ACEN Partner Up for First Large-Scale Offshore Wind Farm in Philippines

May 29, 2025

Copenhagen Infrastructure Partners (CIP), through its Growth Markets Fund II, has signed an agreement with ACEN, the listed energy company of the Ayala group, to sell a 25% minority stake in the San Miguel Bay offshore wind project in Camarines Sur subject to applicable regulatory approvals…

OEG Nets Multi-Year Contract with Oil Major

May 29, 2025

OEG has secured a three-year contract with an international oil major to supply logistics equipment for its operations in North America. The agreement includes optional extensions for up to five years, OEG said.OEG will provide its cargo carrying units (CCUs)…

TotalEnergies Sells Bonga Field Stake to Shell for $510M

May 29, 2025

TotalEnergies has signed an agreement with Shell for the sale of its non-operated interest in the Bonga field, offshore Nigeria, for $510 million.TotalEnergies, through its subsidiary TotalEnergies EP Nigeria, agreed the sale of its 12.5% interest…

Valeura Concludes Eight-Well Drilling Campaign in Gulf of Thailand

May 29, 2025

Canada-based oil and gas company Valeura Energy has completed an eight-well drilling campaign in license B5/27 in Gulf of Thailand with Borr Drilling’s Mist jack-up drilling rig.At its 100%-operated B5/27 license, Valeura conducted drilling operations at Jasmine C…

Current News

UK: Renewables Workforce to Grow to 42,000 In Next Five Years

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Shell Hires Subsea7 for Work at Aphrodite Development off Trinidad

CNOOC Starts Production at Offshore Field in South China Sea

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