Oil And Gas News


Norway Clears Harbour Energy’s Drilling Op in North Sea

Oct 02, 2025

The Norwegian Offshore Directorate (NOD) has granted Harbour Energy a drilling permit for a wildcat well in the North Sea.The permit is for wellbore 35/8-8 S in production license 248 LS and 248 B.The license is operated by Harbour Energy with 60% working interest…

Transocean Lands $243M in Ultra-Deepwater Drillship Contract Extensions

Oct 02, 2025

Offshore drilling contractor Transocean has secured contract extensions with BP and Petrobras for two of its ultra-deepwater drillships.In aggregate, the fixtures represent approximately $243 million in firm contract backlog.In the U.S. Gulf of America…

Rhino Resources Makes ‘High Liquid-Yield’ Gas Discovery off Namibia

Oct 02, 2025

Oil and gas firm Rhino Resources has made a gas condensate discovery off the coast of Namibia in a well spudded by Deepsea Mira semi-submersible drilling rig.The discovery was made as part of a drilling campaign in Block 2914A, in the Orange Basin…

Head of BP's Board Calls for Faster Oil and Gas Strategy Shift

Oct 02, 2025

New BP Chair Albert Manifold told employees on Tuesday that the group's portfolio was 'overly complex' and it needed to execute its strategy of shifting focus back to oil and gas faster, according to an internal memo seen by Reuters.Manifold took the helm of BP's board on Tuesday…

Eni Set to Sign FID for Coral North FLNG in Mozambique

Oct 02, 2025

Italian energy group Eni is expected to agree a final investment decision for Mozambique's second floating liquefied natural gas (LNG) platform at an event in the capital Maputo on Thursday, two sources familiar with the matter told Reuters…

NSMP Receives First Gas from Shell’s Victory Field in North Sea

Oct 01, 2025

Oner and developer of large-scale midstream oil and gas infrastructure North Sea Midstream Partners (NSMP) has received first gas from Shell’s Victory field in the UK North Sea.The start-up of the Victory field marks the first new gas from the…

Eni Signs New Exploration License for Block Offshore Ivory Coast

Oct 01, 2025

Eni and the Ivorian Ministry of Mines, Petroleum and Energy have signed the exploration contract for the CI-707 offshore block in Ivory Coast.The license covers an area of approximately 2,926 square kilometers in the Ivorian sedimentary basin…

Vallourec Bags Another OCTG Order from Petrobras

Oct 01, 2025

French tubular solutions supplier Vallourec has secured a new order from Petrobras for its Submagnético Free Flow oil country tubular goods (OCTG) solution designed to prevent inorganic scaling in production strings.The order covers the production and installation of more than 30 units…

Guyana’s First: Saipem Builds Complex Subsea Structure for ExxonMobil’s Uaru Field

Oct 01, 2025

Saipem has completed the first complex subsea structure ever built in Guyana, set for deployment at ExxonMobil’s Uaru field, marking a key milestone in the development of the country's industrial capabilities in the subsea sector.This is the Pipeline End Termination (PLET)…

TotalEnergies Sells Stakes in Three Mature Norwegian Fields to Vår Energi and Orlen

Oct 01, 2025

TotalEnergies EP Norge has signed an agreement for the divestment of its non-operated interest (39.89%) in the West Ekofisk and Albuskjell fields to Vår Energi and has also concluded an agreement with Orlen Upstream Norway for the divestment of its non-operated interest (20…

MidOcean Buys Into Shell-Led LNG Canada Project

Oct 01, 2025

Liquefied natural gas company MidOcean, backed by EIG and Saudi Aramco, has agreed to buy a fifth of the Petronas venture that holds a 25% stake in Shell-led LNG Canada, MidOcean said on Tuesday.The deal also includes a fifth of Malaysian state…

Diver Linked to Nord Stream Explosions Detained in Poland

Sep 30, 2025

Volodymyr Z., a Ukrainian diver wanted by Germany over his alleged involvement in the Nord Stream explosions, has been detained in Poland, prosecutors and his lawyer said on Tuesday.Described by both Moscow and the West as an act of sabotage…

ExxonMobil to Axe 2,000 Jobs Globally

Sep 30, 2025

Exxon Mobil will lay off 2,000 workers globally as part of a long-term restructuring plan, the U.S. energy major told Reuters in an emailed statement, adding to a wave of job cuts in the oil and gas industry this year.The layoffs represent about…

BP Hires Decommissioning Crew for North Sea Field

Sep 30, 2025

A new joint venture (JV) between THREE60 Energy and AF Offshore Decom (AFOD), a subsidiary of AF Gruppen, has been awarded a multi-million-dollar contract by BP to provide integrated decommissioning services for its Andrew field in the North Sea…

Serica Energy Bolsters North Sea Portfolio with Prax Upstream Buy

Sep 30, 2025

Serica Energy has agreed to acquire Prax Upstream, expanding its portfolio of U.K. North Sea oil and gas assets and boosting its reserves, resources and production base.Serica Energy signed a sale and purchase agreement to acquire 100% of the…

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