Oil And Gas News


Canada’s Industry Responds to Draft Cap-and-Trade Regulations

Jan 07, 2025

Canada’s industry body CAPP has issued a statement on the nations Draft Oil and Gas Sector Greenhouse Gas Emissions Regulations, saying no government should pursue such value-destroying and patently unconstitutional legislation.“This is a federal…

Senegal's Sangomar Oil and Gas Field Beats Output Target

Jan 07, 2025

Senegal's Sangomar offshore oil and gas field raised its output of crude to 16.9 million barrels in 2024, exceeding its initial target of 11.7 million, the West African country's energy ministry said on Tuesday.Discovered 10 years ago about 100 km (62 miles) south of the capital Dakar…

Damen Delivers Patrol Vessel for Nigeria’s Oil and Gas Sector

Jan 07, 2025

Damen Shipyards Cape Town has delivered an FCS 3307 patrol vessel to Homeland Integrated Offshore Service (Homeland IOSL) in Nigeria.This vessel, on charter with an international energy company, will perform offshore patrol duties to enhance the security of personnel…

SBM Offshore Inks Investment Deal with Ocean-Power

Jan 07, 2025

SBM Offshore has made initial equity investment in Ocean-Power, a Norwegian company developing an offshore power hub which generates electricity using gas turbines in association with carbon capture and storage (CCS).The investment follows the…

Suncor Hikes Up Fourth Quarter Production

Jan 07, 2025

Canadian oil and gas company Suncor said on Monday it saw higher upstream production and throughput at its refineries in the fourth quarter.The Calgary, Alberta-based company's upstream quarterly production rose to 874,000 barrels per day (bpd) from 808…

ASCO Secures Aker BP’s Contract to Support Norwegian Ops

Jan 07, 2025

Scottish logistics and materials management company ASCO has secured a five-year contract from Aker BP to provide base and logistics services in Tananger, Sandnessjøen, and Farsund in Norway.The agreement also includes continued services in warehouse management…

Shearwater Kicks Off Second Round of Pelotas Basin Surveys

Jan 07, 2025

Shearwater Geoservices has started the second season of acquisition for the Pelotas Basin multi-client 3D seismic survey in Brazil, conducted in partnership with Searcher Seismic.The new acquisition will be the sixth multi-client 3D project for the joint venture and will utilize the SW Empress…

Serica Energy Restarts Triton FPSO Production

Jan 07, 2025

U.K.-based oil firm Serica Energy has resumed production at Triton floating production storage and offloading (FPSO) unit in the North Sea, following the outage caused by a technical issue.Serica Energy said the production into the Triton FPSO resumed on December 27…

Global Gravity Names New CEO

Jan 06, 2025

Tubular systems developer Global Gravity has appointed Tom Rasmussen, an industry expert with over 25 years of experience in offshore and oil and gas operations, as its chief executive officer (CEO).Tom Rasmussen took over the CEO role at Global Gravity on January 1…

Talos Energy Shifts Management Team as Search for CEO Nears End

Jan 06, 2025

U.S. oil and gas company Talos Energy has informed that Joseph Mills has resigned as Interim President and Chief Executive Officer (CEO) and a member of the board, as the appointment of permanent CEO reaches final stage.Joseph Mills will leave the company to pursue other opportunities…

Galp Launches Investigation Into Alleged CEO's Conflict of Interests

Jan 06, 2025

Portuguese oil company Galp Energia is investigating an anonymous complaint about an alleged personal relationship between Chief Executive Filipe Silva and a company manager, economic website ECO reported on Saturday.Galp's ethics committee…

Equinor’s Troll Field Breaks Gas Production Record

Jan 06, 2025

In 2024, Equinor’s Troll field in the North Sea produced more gas than ever before, while significantly reducing CO2 emissions.The Troll field in the North Sea has set a historic production record, delivering 42.5 billion standard cubic metres of natural gas in 2024…

Tullow Oil Gets $320M Ghana Ops Tax Exemption

Jan 06, 2025

Shares of Tullow Oil jumped over 14% on Friday after the West Africa-focused company was exempted from a $320 million tax on its Ghana operations.The International Chamber of Commerce (ICC) ruled that the Branch Profit Remittance Tax (BPRT)…

Australian Oil and Gas Firm Joins Sonangol’s Offshore Block in Angola

Jan 06, 2025

Australian oil and gas company Red Sky Energy has signed a risk service contract with the Angolan National Agency for Oil, Gas and Biofuels (ANPG), acquiring 35% interest in Sonangol-operated Block 6/24 in the Kwanza Basin, offshore Angola.Sonangol…

Strategic Marine Delivers Offshore Crew Transfer Vessel to AES

Jan 06, 2025

Singapore-based shipbuilder Strategic Marine has delivered its first Surface Effect Ship (SES) to All Energies Services (AES), specifically designed for offshore crew transfer operations within the oil and gas sector.The contract marks a major…

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