Oil And Gas News


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…

Turkey Discovers New Black Sea Gas Reserve

May 19, 2025

Turkey has discovered a new reserve of 75 billion cubic metres (bcm) of natural gas during drilling works in the Black Sea, President Tayyip Erdogan said on Saturday.'With this discovery, we will meet the natural gas needs of homes in Turkey for 3…

Vår Energi Gets All Clear for Drilling Op in Norwegian Sea

May 19, 2025

The Norwegian Offshore Directorate (NOD) has granted Vår Energi a drilling permit for a wildcat well in the Norwegian Sea.The permit is for wellbore 6406/11-2 S in production license 586.The license is operated by Vår Energi with 75% working interest…

ADNOC Partners with ExxonMobil, Occidental to Boost UAE Oil and Gas Capacity

May 16, 2025

ADNOC has signed agreements with ExxonMobil to expand the capacity of United Arab Emirates (UAE) Upper Zakum field, and with Occidental to explore increasing Shah Gas field’s capacity, as part of multiple strategic agreements that could potentially enable $60 billion of U…

Karoon Energy Completes Acquisition of FPSO Operating off Brazil

May 16, 2025

Karoon Energy's wholly owned Brazilian subsidiary, Karoon Petróleo & Gás, has completed the acquisition of the Cidade de Itajaí floating production, storage and offloading vessel (FPSO), operating at Baúna field, offshore Brazil.The FPSO was acquired from Altera & Ocyan (A&O)…

NSTA, Crown Estate Scotland Team Up for North Sea Opportunities

May 16, 2025

The North Sea Transition Authority (NSTA) and Crown Estate Scotland (CES) have signed a Statement of Intent (SoI) which commits both organizations to work together to realize the energy and carbon storage potential of the North Sea.The SoI,…

Strategic Move Brings Decom Engineering's Base to Aberdeen

May 16, 2025

Northern Ireland firm Decom Engineering has relocated its head office to Aberdeen to be closer to key clients and for easier access to the skills market.The specialist cutting technology provider supports the oil, gas, renewables and infrastructure…

Indonesia's Medco Starts Production at Natuna Sea Fields

May 16, 2025

Indonesian energy company Medco Energi Internasional on Friday started production at its Forel and Terubuk fields in the Natuna Sea, officials said.The two fields are part of the South Natuna Sea Block B and will increase its production by 20…

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