BP has reached a final investment decision (FID) on the Tiber-Guadalupe project in the Gulf of America, approving its second new production platform in less than two years in the critical U.S. offshore region.Fully-owned by BP, Tiber-Guadalupe…
French energy giant TotalEnergies has expanded its partnership with Cognite to scale the deployment of the industrial AI company’s data platform across all of its operated upstream assets worldwide over the period of three years.The collaboration…
Motive Offshore Group has acquired Norway-based Weld Integrity Group, a move aimed at strengthening its certification and inspection (C&I) capabilities and boosting its presence in the Norwegian offshore energy market.The acquisition is expected to add $1…
Equinor and partners in Åsgard and Mikkel licenses have started the second phase of Åsgard subsea compression in the Norwegian Sea, with the aim to maintain production from the field by increasing the pressure in the pipelines between the wells and the Åsgard B platform…
Finder Energy has executed a binding farm-in agreement with joint venture partner Timor Gap to increase the Timor-Leste state oil company’s stake in Production Sharing Contract (PSC) 19-11, entailing the Kuda Tasi & Jahal (KTJ) fields development project…
Italian offshore energy services firm Saipem has received the authorization to proceed with the execution of activities related to the engineering, procurement, construction and installation (EPCI) contract for the development of ExxonMobil's Hammerhead oil field…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has approved a sales purchase agreement (SPA) by TotalEnergies for its entire 12.5% stake in Oil Mining Lease (OML) 118, which contains Bonga offshore field, to Shell's SNEPco and Eni's Nigerian Agip Exploration (NAE)…
Italy's antitrust regulator has fined energy group Eni and five other oil companies operating in the country for practices restricting fair competition in the sale of fuel for trucks, the watchdog said on Friday.The regulator said that fines totalling more than 936 million euros ($1…
The Norwegian Offshore Directorate (NOD) has granted consent for the start-up of a tie-in from the Equinor-operated Troll B platform in the North Sea to the Kvitebjørn gas export line.The tie-in will help reduce the decline in gas production in upcoming years…
TechnipFMC has been awarded a substantial ($250-500 million) contract by ExxonMobil Guyana Limited to supply subsea production systems for the Hammerhead development in Guyana’s Stabroek Block.TechnipFMC will provide project management, engineering…
DOF Group has secured three new short-term contracts in Brazil.A major oil company with significant presence in Brazil has contracted Skandi Salvador and Geoholm for short-term engagements in the Espirito Santo and Santos Basin.Geoholm has been…
Global technology company SLB has secured a major contract from Petrobras to provide services and technology for up to 35 ultra-deepwater wells in the strategically important Santos Basin.The wells, which are part of the second development of the Atapu and Sépia fields…
BP said on Thursday it expects global oil demand to grow until 2030, five years later than its forecast a year ago, stressing slowed efforts to increase energy efficiency.The oil major's latest Energy Outlook, an annual study of energy trends through 2050…
Aker Solutions has become the first company in Europe to secure certification for unlimited beyond visual line of sight (BVLOS) drone operations, further advancing autonomous inspection for offshore platforms, onshore yards, process plants and…
Woodside has signed signed a liquefied natural gas (LNG) Heads of Agreement with Türkiye’s Boru Hatları ile Petrol Taşıma (BOTAŞ) to will approximately 5.8 billion cubic meters natural gas equivalent of LNG for up to nine years starting from 2030…