Oil And Gas News


French Firm Secures Service Contract for Coral Sul FLNG Off Mozambique

Oct 22, 2024

GTT, the technology expert in membrane containment systems for the transport and storage of liquefied gases, has signed a service contract with Coral FLNG for Eni-operated Coral Sul FLNG unit.Under the agreement, GTT will provide technical support…

Equinor Shuts Production at Sleipner B Gas Platform

Oct 22, 2024

Norway's Equinor has shut down production at its Sleipner B gas platform due to smoke development in one of the electrical facilities at the unmanned platform in the North Sea.Equinor has mobilized vessel Skandi Mongstad to the area, after its…

Kongsberg Maritime to Equip 10-Strong Fleet of Capital Offshore’s PSVs

Oct 22, 2024

Kongsberg Maritime has secured $73.3 million contract from Fujian Mawei Shipbuilding in China to supply range of equipment for a new fleet of 10 platform supply vessels (PSVs) being built for Greek shipowner Capital Offshore.Under the contract…

Yinson Production Concludes Minority Stake Sale in FPSO Anna Nery

Oct 22, 2024

Yinson Production has completed the sale of minority stake in floating, production, storage and offloading (FPSO) unit Anna Nery, working for Petrobras offshore Brazil, to “K” Line for $49 million.Yinson Production sold its 11.8% stake in Yinson Boronia Consortium…

Vaar Energi Exceeds Profit Expectations, Plans 8 New Oil and Gas Projects in 2025

Oct 22, 2024

Oslo-listed Vaar Energi, majority-owned by Italy's Eni, on Tuesday reported a stronger than expected third-quarter operating profit and guided for lower costs in 2024, boosting its shares in early trade.Its earnings before interest and tax (EBIT)…

CNOOC Starts Production at Another Oil Field in South China Sea

Oct 22, 2024

China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has brought onstream another oilfield development in South China Sea ahead of schedule.The development, the Xijiang 30-2 oilfield Xijiang 30-1 block development project…

More Wells Come Onstream as Drilling Ops Wrap Up at BW Energy-Operated Block Off Gabon

Oct 22, 2024

BW Energy and its partners have completed production drilling campaign at Dussafu Marin Permit offshore Gabon, bringing the oil production at the development to the highest quarterly rate since the start-up in 2018.Dussafu Marin Permit, operated by BW Energy with 73…

Norway Misses September Gas Output Mark

Oct 21, 2024

Norway's combined petroleum utput lagged an official forecast by 1.7% in September as gas production was lower than expected, the Norwegian Offshore Directorate (NOD) said on Monday.Norway is Europe's largest supplier of natural gas and a major producer of oil…

CRC Evans Wraps Up Welding Job Offshore Nigeria

Oct 21, 2024

CRC Evans, a company offering welding and coating services to the energy sector, has completed its work scope to deliver a range of welding services to support First E&P’s Alpha Project located offshore Nigeria.A greenfield development, Project…

TAQA Unveils Inflow Control System for Optimized Reservoir Performance

Oct 21, 2024

Saudi Arabia-based oilfield services company TAQA has launched its next-generation inflow control system, enabling operators to optimize reservoir performance while sustainably managing fluid production.The M4 Inflow Control System dictates…

Hungary’s MOL and Turkish Petroleum Join Forces for Hydrocarbon Exploration

Oct 18, 2024

MOL Group and Turkish Petroleum Corporation (TPAO) have signed a memorandum of understanding (MoU) to cooperate as strategic partners in the exploration and production of hydrocarbons.The companies agreed to elevate their cooperation to a new…

Subsea7 Introduces New Barge Docking Method at Saudi Aramco’s Oil and Gas Project

Oct 18, 2024

Offshore services firm Subsea7 has completed all floatover installation operations using an innovative installation method on Saudi Aramco’s oil and gas project offshore Saudi Arabia.Subsea7 used only tugs and soft mooring lines connected to…

Brazil Annuls Two-Year Ban for Italy’s Saipem Business Units

Oct 18, 2024

Brazil’s Federal court has annulled a two-year ban imposed on Saipem’s two business units on from contracting with the Brazilian public administration.The decision to prohibit Saipem’s two businesses was taken due to alleged irregularities in the award of a contract related to gas pipelines…

ABS Takes Charge of Digital Twin Project for Petrobras’ FPSOs

Oct 17, 2024

American Bureau of Shipping (ABS) has secured a contract to provide and test a digital twin solution for real-time condition monitoring for a Petrobras floating production, storage and offloading (FPSO) unit.The ABS solution will provide a digital twin of the asset…

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