Oil And Gas News


Norway’s Oil Drillers Seek Wage Negotiations to Avoid Strike

May 21, 2025

Wage talks involving some 7,000 oil drilling workers in Norway broke down early on Wednesday, two labour unions said, raising the risk of strike action later this year that could disrupt exploration.The talks between the Norwegian Shipowners'…

BW Energy’s Gabon Unit Takes Over O&M Tasks for BW Adolo FPSO

May 21, 2025

BW Offshore and BW Energy have announced that operations and maintenance (O&M) of the floating, production, storage and offloading (FPSO) vessel BW Adolo have been handed over to BW Energy’s subsidiary, BW Energy Gabon.Under an amended bareboat charter…

Endangered Gulf of Mexico Whale Threatened by Oil and Gas Vessel Strikes

May 21, 2025

The Trump administration published a long-awaited environmental assessment on Tuesday that found that vessel strikes related to oil and gas drilling in the Gulf of Mexico are likely to jeopardize the existence of the endangered Rice's whale…

SLB Unveils Novel Imaging Tool to Optimize Drilling Efficiency

May 20, 2025

Global energy technology company SLB has launched Retina at-bit imaging, which enables identification of formation characteristics to optimize drilling efficiency, formation evaluation and safety.This first-of-its-kind solution provides precise…

Ithaca Energy Bolsters Stake in North Sea Gas Field

May 20, 2025

U.K. oil and gas company Ithaca Energy has signed a sale and purchase agreement with Spirit Energy, increasing its stake for 46.25% in the Cygnus gas field for $154 million.The transaction, which is subject to NSTA consent, will increase Ithaca Energy's operated interest in Cygnus field to 85%…

Velesto’s Jack-Up Rig Up for Drilling Job Offshore Vietnam

May 20, 2025

Malaysia’s oil and gas services firm Velesto has secured a drilling contract by Phu Quoc Petroleum Operating Company (PQPOC) for its NAGA 4 jack-up drilling rig, which will be put to work off Vietnam.Under the long-term contract, Velesto’s NAGA…

Chevron Hires MMA Offshore’s PSV to Support Assets off Australia

May 20, 2025

MMA Offshore, a subsidiary of Cyan Renewables, has secured a multi-year contract from Chevron Australia for its platform supply vessel (PSV) MMA Plover.The vessel has been contracted to provide marine logistics support to Chevron’s Barrow Island and Wheatstone assets…

DOF Scoops $480M in New Vessel Contracts with Petrobras

May 20, 2025

Norwegian offshore supply vessel owner DOF Group has secured four long-term charter and service contracts with Petrobras for its anchor handling tug supply (AHTS) vessels, worth approximately $480 million.As part of the new contracts, Skandi Iguaçu…

ABS Greenlights SHI’s Multi-Purpose Deepwater LNG Floating Unit

May 20, 2025

American Bureau of Shipping (ABS) has issued an approval in principle (AiP) to Samsung Heavy Industries (SHI) for its design of a multi-purpose liquefied natural gas (LNG) floating facility for deep water (MLF-O).Called MLF-O, the next-generation…

TotalEnergies Signs Long-Term LNG Export Deal from Canadian Project

May 20, 2025

TotalEnergies has signed a Sales and Purchase Agreement (SPA) with Ksi Lisims LNG for the purchase of 2 Mtpa of LNG for 20 years from the future liquefaction plant, subject to the final investment decision of the project.In parallel, TotalEnergies has acquired a 5% stake in Western LNG…

Aker BP and Partners Find Oil in Norwegian Sea

May 20, 2025

Aker BP and its partners have made an oil discovery near the Skary field in the Norwegian Sea, using Saipem’s Scarabeo 8 semi-submersible drilling rig.The oil discovery was made in the so-called E prospect near the Skary field, in wells 6507/5-13 S and 6507/5-13 A…

ConocoPhillips Hires Subsea7 for FEED Work Offshore Norway

May 19, 2025

Subsea7 has secured a contract by the operator ConocoPhillips Skandinavia for a front-end engineering and design (FEED) study for the Previously Produced Fields (PPF) development project, offshore Norway.The project is granted under a new framework agreement between ConocoPhillips and Subsea7…

Aramco, ADES Ink 10-Year Contract Renewal for Previously Suspended Jack-Up Rig

May 19, 2025

Saudi oil and gas drilling contractor ADES Holding has signed a contract renewal with Aramco for one of its previously suspended offshore jack-up.The unit was among the suspended rigs that were previously operating in the Kingdom of Saudi Arabia…

ADNOC Finds Partner for Oil and Gas Well Completion Solutions

May 19, 2025

ADNOC has signed a strategic partnership agreement with Tubacex, a global leader in advanced tubular solutions, securing exclusive rights to use Tubacex’ tubular joint connection technology which is critical for completing oil and gas wells…

Guyana Passes Bill Making Firms Liable for Oil Spill Damages

May 19, 2025

Guyana's parliament passed an oil pollution bill late on Friday that holds parties liable for damages caused by oil spills, including from vessels.The bill, which passed with a majority of votes cast in a simple voice vote, is expected to soon be signed into law by President Irfaan Ali…

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