North Sea-focused Harbour Energy raised its annual free cash flow and production forecast on Thursday, bolstered by robust production following the integration of the Wintershall Dea portfolio and cost control in the first half of the year.The…
Dutch oil and gas services company SBM Offshore raised its full-year core profit and revenue forecasts on Thursday, following a strong financial performance in the first half of 2025.The company, which provides floating production services to the offshore energy industry…
Yinson Production has agreed to and completed the buy-out of the project loan related to FPSO Atlanta from Brava Energia.At the time of the completion of the transaction, the principal amount outstanding under the project loan was approximately $408…
Tullow Oil has restarted the drilling campaign at Jubilee field offshore Ghana, with the first well that came onstream delivering ‘better than expected’ net pay during drilling operations with Noble Corporation’s Noble Venture drillship.Tullow Oil brought the the J72-P well…
Norway-based Axess Group has secured contracts with Seatrium to deliver Brazilian Regulatory Compliance (BRC) services for six floating production, storage and offloading (FPSO) units set for deployment off Brazil.Axess Group has been tasked to deliver BRC services for P-78…
Japan’s Inpex Corporation has started Front End Engineering and Design (FEED) work for the onshore liquefied natural gas (LNG) plant component of the Abadi LNG project in Indonesia’s Masela Block.The start of the FEED phase for the onshore LNG…
BP's announcement on Monday of its largest global oil and gas discovery in 25 years in Brazil's offshore Santos basin bodes well for Equinor's nearby interests and strong appetite for an October auction of oil blocks in the region.Discoveries nearly two decades ago in the region…
BP will launch a review of how best to develop and monetise its oil and gas production assets and consider more cost cuts to boost shareholder returns, the oil major said on Tuesday, as it beat second-quarter profit expectations.BP, under pressure…
Trinidad and Tobago's government has agreed to award U.S. oil major ExxonMobil acreage in an ultra-deep area that includes seven blocks to explore for oil and gas, two senior government officials told Reuters.The parties began negotiations earlier…
Norwegian oil and gas firm OKEA has spudded the first of two production wells at Bestla development, formerly known as Brasse, in the North Sea using Odfjell Drilling’s Deepsea Yantai rig.The well is being drilled by the rig Deepsea Yantai from the Bestla Subsea Template…
Akrake Petroleum Benin, Rex International's indirect subsidiary, has spudded the first well in the Sèmè Field in Block 1 offshore Benin, using the Borr Drilling’s Gerd jack-up drilling rig.The drilling is part of a 100-day three-well work program to redevelop the Sèmè field…
Brazil’s state-controlled oil company Petrobras has finalized the sale of its full interest in the Cherne and Bagre offshore fields to Perenco Petróleo e Gás do Brasil, a subsidiary of oil and gas company Perenco.The two fields, located in shallow…
Libya's National Oil Corporation (NOC) said on Monday it signed a memorandum of understanding (MoU) with U.S. oil giant Exxon Mobil after decade of activity halt in the north African country.In its statement, NOC said the MoU focuses on conducting…
Saudi Arabian oil and gas drilling contractor ADES International Holding has agreed to buy rival rig firm Shelf Drilling for $379.8 million.The transaction is expected to close in the fourth quarter of 2025 subject to customary closing conditions…
BP has started up the Argos Southwest Extension project in the U.S. Gulf of America, adding 20,000 barrels of oil equivalent per day (boe/d) in production at the existing Argos platform.Argos Southwest Extension is bp’s fifth major project start-up in 2025…