Worley has signed a reimbursable engineering, procurement and construction (EPC) contract with Venture Global for the CP2 Expansion project in Louisiana, United States, ahead of a planned final investment decision in early 2027.The agreement…
Malaysia's Velesto Energy has secured a contract from Petronas Carigali for its NAGA 3 jack-up drilling rig, covering one firm well and an option for a second well.The contract was awarded through Velesto's wholly-owned subsidiary, Velesto Drilling…
Petrobras has secured Approval in Principle (AiP) from Lloyd's Register (LR) for the conceptual design of its proposed REVIT I TUPI floating production, storage and offloading (FPSO) unit, advancing the redevelopment of the Tupi oil field offshore Brazil…
Italian engineering, certification and consulting company RINA has secured a three-year contract worth $12.3 million (€11 million) from Petrobras to provide engineering and technical assessments covering the integrity, maintenance and decommissioning of subsea infrastructure in Brazil…
Tenaris has secured contracts to supply pipes, offshore drilling tubulars and coating services for the Cronos gas development offshore Cyprus, operated by Eni in partnership with TotalEnergies.The contracts cover line pipe and oil country tubular…
Oil prices are set for a sharp weekly drop on expectations of a de-escalation of the Iran war after US President Donald Trump's party suffered election losses, but Middle East supply concerns from the conflict continue to provide a floor for the market…
OneSubsea joint venture, backed by SLB, Aker Solutions and Subsea7, has secured a contract from Aker BP to supply subsea production systems, umbilicals and associated services for the Lyra field development offshore Norway.The field, formerly known as Kjøttkake…
ConocoPhillips its quarterly dividend by 11% and beat Wall Street estimates for third-quarter adjusted profit on Thursday, as stronger commodity prices and cost-cutting measures helped offset a decline in its output.Benchmark Brent crude LCOc1 averaged about $89…
Aker Solutions has received a letter of award (LOA) from PTSC Mechanical and Construction (PTSC M&C) for detailed engineering work on the redevelopment of QatarEnergy's Maydan Mahzam oil field offshore Qatar.The scope covers detailed design services for several offshore installations…
Equinor has opened a marine robotics test center at the Kårstø processing plant in Norway to develop and qualify underwater robots, autonomous vessels and other technologies aimed at improving offshore operations.The K-lab Marine Robotics Centre (KNARR)…
Norway's Equinor shut production at its Visund oil and gas platform on Wednesday due to a fire in an electrical system, a company spokesperson said in an emailed statement, adding that the flames had been put out.Between 70-80 people of the…
The Sirius offshore gas project in the Colombian Caribbean, jointly run by Colombia's state oil firm Ecopetrol and its Brazilian counterpart Petrobras, is now due to start operations in 2031 rather than the previous 2030 start date due to consultation 'challenges'…
Australia's Woodside Energy on Thursday unveiled a new payout policy for investors and flagged it would axe around 10% of its workforce globally, as it set out higher targets for cost cutting and return on capital.Favoured by investors for paying…
Harbour Energy upgraded its 2026 production and free cash flow outlook for the third time this year on Thursday, and announced a further $150 million share buyback as record output and higher commodity prices boost returns.Here are some more details:The company…
BP has sold a 5% stake in Norwegian oil and gas producer Aker BP for approximately $1.06 billion (NOK 9.83 billion), reducing its ownership from 15.9% to around 10.9% as it moves to strengthen its balance sheet.The company said proceeds from the sale would be used to strengthen its balance sheet…