Brazil's state-run oil firm Petrobras has frustrated market expectations as it increased investment projections for the year while reporting lower-than-expected financial results in the third quarter on Tuesday.The firm's net profit of 39.7 billion reais ($7…
Poland's largest energy group Orlen said on Tuesday it terminated one of its two long-term liquefied natural gas supply contracts with QatarEnergy after a force majeure left the supplier unable to meet its delivery obligations.The move marks…
Eco (Atlantic) Oil & Gas has completed the farm-down of 60% participating interests in three Namibia’s offshore exploration licenses to BP, transferring operatorship of the blocks and clearing the way for a new seismic exploration program.The transaction covers Block 2012A under PEL97 (Cooper)…
Techouse has secured a contract from Black & Veatch to supply heat recovery steam generation (HRSG) modules for Golar LNG's fourth floating liquefied natural gas (FLNG) project, with the system expected to reduce fuel consumption by 20-25% compared with conventional gas turbine-only systems…
Abu Dhabi-based industrial AI company AIQ and US maritime intelligence firm Quartermaster have signed a strategic collaboration agreement to explore AI-enabled maritime safety and security solutions for offshore energy operations.The agreement…
Aquaterra Energy has announced a change in ownership, with its existing management team taking ownership of the offshore engineering business, backed by HSBC.The transaction would maintain continuity in its leadership and strategy while supporting…
Swedish offshore survey company Njord Survey has secured a contract from Energean UK to carry out post-decommissioning seabed surveys at the Wenlock, Garrow and Kilmar gas fields in the UK Southern North Sea.The contract covers seabed and environmental…
Odfjell Drilling has formally signed a three-year drilling contract with Vår Energi for its Deepsea Bergen semi-submersible rig, securing firm employment for the unit until early 2031.The agreement follows a letter of award announced on September 10…
Oil prices fell on Tuesday, extending losses from the previous session after US President Donald Trump downplayed the need for additional military action against Iran 'at this point,' easing fears of sustained supply disruptions from the Middle East…
ExxonMobil said on Monday it signed a memorandum of understanding with Venezuelan state oil company PDVSA to assess upstream oil opportunities, marking a potential return to the country nearly two decades after its assets were expropriated.The…
Murphy Oil Corporation has secured six offshore exploration licenses in Israel's Zone G, marking the company's entry into the Eastern Mediterranean.The licenses, awarded by the Government of Israel, cover approximately 1,700 square kilometers offshore Israel…
VAALCO Energy has secured government approval to advance exploration at its operated CI-705 block offshore Côte d'Ivoire, with plans to drill an exploration well by the end of 2028.The approval follows the completion of the block's First Exploration Phase…
Bilfinger has secured a contract extension with TotalEnergies EP Denmark to provide inspection and access services across Danish Underground Consortium (DUC) offshore installations in the Danish North Sea until June 2028.The agreement extends a collaboration that began in 2021 and covers inspection…
QatarEnergy has signed an agreement to acquire a 25% participating interest in an offshore exploration license in Namibia from a Chevron subsidiary, expanding its exploration interests in the country.The agreement with Chevron Namibia Exploration…
Windows were blown out across several floors of Saudi oil giant Aramco's corporate office in the heart of the financial district of the capital Riyadh on Sunday by what the energy ministry said was debris from an attempt to attack the building…