Brazil’s state-controlled oil company Petrobras has finalized the sale of its full interest in the Cherne and Bagre offshore fields to Perenco Petróleo e Gás do Brasil, a subsidiary of oil and gas company Perenco.The two fields, located in shallow…
Libya's National Oil Corporation (NOC) said on Monday it signed a memorandum of understanding (MoU) with U.S. oil giant Exxon Mobil after decade of activity halt in the north African country.In its statement, NOC said the MoU focuses on conducting…
Saudi Arabian oil and gas drilling contractor ADES International Holding has agreed to buy rival rig firm Shelf Drilling for $379.8 million.The transaction is expected to close in the fourth quarter of 2025 subject to customary closing conditions…
BP has started up the Argos Southwest Extension project in the U.S. Gulf of America, adding 20,000 barrels of oil equivalent per day (boe/d) in production at the existing Argos platform.Argos Southwest Extension is bp’s fifth major project start-up in 2025…
Inpex Masela, a subsidiary of Japan’s Inpex and the operator of the Abadi liquefied natural gas (LNG) project in the Masela Block in Indonesia, has started Front End Engineering and Design (FEED) work for the scheme, with Saipem, Worley, Technip…
ADNOC Gas and its subsidiaries have signed Heads of Agreement with Hindustan Petroleum Corporation to supply 0.5 million metric tonnes per annum (mmtpa) of liquefied natural gas (LNG) for a 10-year term.The agreement underscores ADNOC Gas’ expanded global footprint…
BP has made an oil and gas discovery at the Bumerangue prospect in the deepwater offshore Brazil, its largest discovery in 25 years.BP drilled exploration well 1-BP-13-SPS at the Bumerangue block, located in the Santos Basin, 404 kilometers (218 nautical miles) from Rio de Janeiro…
Global energy technology company SLB has acquired Stimline Digital, a cloud-based software company for the energy sector specializing in well intervention.Stimline Digital’s IDEX platform provides operators with a powerful visualization canvas…
Norwegian offshore supply vessel owner DOF Group has secured a contract with Petrobras for two of its anchor handling tug supply (AHTS) vessels.The two contracts, with a combined value of more than $220 million, are for Skandi Fluminense, a 2007 Brazilian-built AHTS vessel with 211t bollard pull…
Chevron beat analyst estimates for second-quarter profit on Friday as record oil and gas production and lower capital expenditure helped the U.S. oil producer boost earnings despite weaker crude prices.The No. 2 U.S. oil major triumphed last month in a legal challenge from Exxon Mobil XOM…
Exxon Mobil, the United States' biggest oil producer, beat Wall Street estimates for second-quarter profit on Friday as higher oil and gas output and low production costs offset the impact of lower crude prices.Oil and gas production was the…
Malaysia-based offshore services firm Sapura Energy has officially changed its name to Vantris Energy, to reflect the cumulative effort the company has made in its corporate transformation.This name change follows shareholder approval at an Extraordinary General Meeting held on 30 July 2025…
Dutch geological data specialist Fugro has been selected to deliver extensive offshore and onshore surveys for multiple major energy field developments in the Middle East.Fugro has recently been awarded multiple contracts to perform comprehensive…
Italian energy contractor Saipem has completed the installation of the subsea pipeline for the Irpa project, developed by Equinor in the Norwegian Sea.Offshore operations were carried out by the pipelay vessel Castorone, one of Saipem's flagship vessels…
Oil and gas firm Rhino Resources and its partners have spudded the Volans-1X exploration well in PEL85 license, offshore Namibia, using Odfjell Drilling-managed Deepsea Mira semi-submersible rig.Drilled by the Deepsea Mira in water depths of around 1…