Oil And Gas News


New Chief Takes Reins at Dolphin Drilling

Dec 18, 2025

Offshore drilling contractor Dolphin Drilling has appointed new chief executive officer (CEO) following the resignation of Jon Oliver Bryce.Dolphin Drilling’s board of directors has appointed Michael Boyd, currently the company’s Chief Commercial Officer…

Israel Greenlights Major Natural Gas Deal with Egypt

Dec 18, 2025

Israel has approved a deal that will supply natural gas to Egypt, Israeli Prime Minister Benjamin Netanyahu said on Wednesday, describing it as the country's largest-ever gas deal.Israel signed the export agreement in August with Chevron and its partners…

SBM Offshore Nets Lease Extensions for Angola FPSOs with ExxonMobil Unit

Dec 18, 2025

SBM Offshore has signed a contract extension related to the lease and operation of floating production, storage and offloading (FPSO) units Mondo and Saxi Batuque with ExxonMobil’s Angolan subsidiary.The extension secures ownership and operations…

DNO Strikes North Sea Oil Offtake Deals with ExxonMobil and Shell

Dec 18, 2025

Norwegian oil and gas producer DNO has secured new North Sea oil offtake agreements with subsidiaries of ExxonMobil and Shell from January 2026, unlocking up to $410 million in associated financing and strengthening its liquidity amid volatile energy markets…

ADNOC Lines Up $11B for Offshore Hail and Ghasha Gas Project

Dec 18, 2025

Abu Dhabi National Oil Company (ADNOC) has secured up to $11 billion in structured, non-recourse financing to support development of its Hail and Ghasha offshore gas project, a key part of the UAE’s strategy to expand domestic gas supply and exports…

Woodside's Meg O’Neill to Serve as Next CEO of BP

Dec 17, 2025

The bp Board has appointed Meg O’Neill as bp’s next CEO effective April 1, 2026.Murray Auchincloss is stepping down from his position as CEO and director of the Board, effective December 18. Carol Howle, current executive vice president, supply…

Canada’s $4B Floating LNG Scheme Secures 12-Year Export Deal

Dec 17, 2025

Cedar LNG, the partnership between Haisla Nation and Pembina Pipeline Corporation, has secured a 12-year agreement with Ovintiv for its floating liquefied natural gas (FLNG) facility, being developed on Canada’s West Coast.The agreement, signed…

DeepOcean Set for Long-Term IMR Duty with Vår Energi

Dec 17, 2025

Ocean services provider DeepOcean has secured a new long-term inspection, maintenance and repair (IMR) frame agreement with operator Vår Energi.The contract has a firm duration of five years, running until end of October 2030, with options to extend for up to an additional four years…

Fugro Nets Mubadala Energy’s Deepwater Gas Job in Asia

Dec 17, 2025

Fugro has secured a large contract with Mubadala Energy to deliver advanced soil investigation services for the South Andaman Deepwater Development, located offshore Indonesia.The strategic project will inform the Front-End Engineering Design Engineering Procurement and Construction (EPC) award…

Santos Divests Non-Core Gas Assets to Eni and Comet Ridge

Dec 17, 2025

Santos has agreed to divest two non-core gas assets in Australia as the oil and gas producer continues to optimize its portfolio and focus capital on priority growth projects.The company said it has executed a conditional sale and purchase agreement to sell its 42…

Vår Energi Starts Up Another North Sea Project

Dec 17, 2025

Norwegian oil and gas firm Vår Energi has put the Balder Phase V project into production, while also completing of Åsgard Low Pressure Production Phase 3 (LPP3) scheme, bolstering its North Sea production.With the Åsgard LPP3 project start-up scheduled for December…

Trump Targets Venezuelan Oil Exports with ‘Sanctioned’ Tankers Blockade

Dec 17, 2025

U.S. President Donald Trump ordered on Tuesday a 'blockade' of all sanctioned oil tankers entering and leaving Venezuela, in Washington's latest move to increase pressure on Nicolas Maduro's government, targeting its main source of income.It…

Brava Energia in Negotiations to Offload Gas Wells to Eneva

Dec 17, 2025

Brazil's Brava Energia is negotiating the sale of three gas wells to Eneva in a deal that could be worth around $450 million, Valor Economico reported on Tuesday.Two wells are located in the Manati and Peroa offshore fields, and one in the Reconcavo onshore field…

EnQuest Set to Top 2025 Production Forecast on Southeast Asia Gains

Dec 17, 2025

North Sea-focussed oil producer EnQuest said on Wednesday it expects to meet or exceed the upper end of its 2025 output forecast of 40,000–45,000 barrels of oil equivalent per day (boepd) as it steps up expansion in Southeast Asia.The company…

Shell Greenlights Waterflood Project to Bolster Production in Gulf of America

Dec 16, 2025

Shell Offshore, a subsidiary of Shell, has taken a final investment decision (FID) on a waterflood project at its Kaikias field in the Gulf of America, aiming to boost its recoverable resources.Water will be injected to displace additional oil…

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