Oil And Gas News


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…

UK Introduces Sanctions on Russian Oil and LNG vessels

Oct 17, 2024

Britain has imposed sanctions on 18 further Russian oil tankers and four liquefied natural gas vessels, the largest batch of sanctions to date against the country's so-called 'shadow fleet,' the government said on Thursday.Britain says the 'shadow…

Transocean Scoops $193M Ultra-Deepwater Drillship Deal

Oct 17, 2024

Offshore drilling contractor Transocean has secured a one-year contract for the Deepwater Conqueror drillship with an undisclosed operator in the U.S. Gulf of Mexico.The contract is expected to start in October 2025 and contribute approximately $193 million in backlog…

Soiltech Nets Waste Management Deal for Equinor’s North Sea Platform

Oct 17, 2024

Norwegian cleantech service provider Soiltech has secured a contract from Equinor to provide solid waste handling of drill cuttings on Equinor’s Statfjord B platform in the North Sea.Soiltech will install its solutions for handling of the drill…

Russia Looks Into Nuclear-Powered Submarines as Alternative for Gas Export

Oct 17, 2024

Russia has begun designing nuclear-powered submarines to export liquefied natural gas (LNG) from the Arctic to Asia to try to nearly halve the journey time along the Northern Sea Route (NSR), a senior state official has said.Russia already uses…

Flaring Emissions Increased in 2023

Oct 16, 2024

Flaring emissions from global upstream oil and gas production activity increased by 7% from 2022 to 2023, according to latest Rystad Energy research.Upstream activities emit about 1 gigatonne per year of CO2 in total, with flaring contributing…

Guyana Production Sharing Agreements Accepted

Oct 16, 2024

Energy firms TotalEnergies, Qatar Energy, Petronas, Cybele Energy, Delcorp and International Group Investment have reached agreements with Guyana over terms of production sharing deals to explore five oil and gas offshore blocks, the energy ministry said on Wednesday…

Santos Optimistic About 2024 Output

Oct 16, 2024

Australia's second-largest oil and gas producer Santos estimated its full-year production to be at the top half of its forecast range on Thursday, and said its Pikka project could start oil production as early as 2025.The company expects to…

Iran Intensifies Oil Spill Control Efforts Off Kharg Island

Oct 16, 2024

Iranian authorities are working to control an oil spill four miles (6.4 kilometres) off Iran's Kharg Island, the country's IRNA news agency reported on Wednesday.The leak from oil pipelines was reported on Sunday and the required actions have been taken…

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