Oilfield services provider Petrofac, through its Asset Solutions division, has been awarded a collection of scope expansions and new contracts in the first quarter of 2025, totaling $500 million.The awards – which realize growth in Asset Solutions’ core markets and target growth geographies…
TGS, a global provider of energy data and intelligence, has launched a new multi-client ultra long offset ocean bottom node (OBN) data acquisition campaign in the Gulf of America.The Amendment 4 project will expand node coverage in TGS' multi-client library…
Global energy technology company SLB has secured a major drilling contract by Australian oil and gas operator Woodside Energy for its ultra-deepwater Trion development project, offshore Mexico.SLB will oversee the delivery of 18 ultra-deepwater…
U.S. authorities have notified Spanish oil company Repsol that its license to export oil from Venezuela is to be revoked, a company spokesperson said on Monday, while Spain's foreign minister promised to defend Repsol's interests.President Donald…
India is considering a proposal to scrap import tax on U.S. liquefied natural gas (LNG) to boost purchases and help cut the trade surplus with Washington, a key irritant for President Donald Trump, four government and industry sources said.The…
BP Trinidad and Tobago has taken the final investment decision (FID) for the Ginger gas development offshore Trinidad and Tobago, while marking the exploration success at its Frangipani well.Taking FID on Ginger and discovering gas at Frangipani…
McDermott has been selected by Shell Global Solutions International for an Enterprise Framework Agreement (EFA) for engineering and procurement services and integrated project management team services (IPMT).The EFA has a duration of three years with two one-year optional extensions…
Ocean Power Technologies (OPT) has secured a contract for an AI-capable PowerBuoy for an immediate delivery in the United States.This contract enables the future integration of surface and subsea sensors, and the buoy will be deployed on the East Coast…
A final investment decision (FID) for the Sea Lion development offshore the Falkland Islands could be reached in mid-2025, according to Rockhopper, which is partner in the project with the operator Navitas Petroleum.Navitas continues to estimate Capex to first oil on phase 1 of c$1…
The government of Canada has supported the Cedar LNG project, being developed by the Haisla Nation and Pembina Pipeline Corporation, with up to $140 million as part the strategic agreement under the Strategic Innovation Fund (SIF).The $4 billion…
RWE, Germany's largest utility, on Thursday said it would cut investments by more than a fifth until the end of the decade, citing global uncertainty around renewable energy returns that has forced major sector players to pare back spending plans…
BW Offshore has signed a short-term extension agreement with a subsidiary of Murphy Oil Corporation, agreeing more time for the completion of sale of the floating production, storage, and offloading (FPSO) BW Pioneer.BW Offshore has signed a short-term extension agreement…
Houston-based subsea equipment and services provider for oil and gas sector Koil Energy has secured a contract to supply Multi-Quick Connector (MQC) plates for a project in the Gulf of America.The contract encompasses equipment designed to control…
SBM Offshore has entered into a global collaboration agreement with Microsoft to develop standardized, AI-powered carbon-free floating power solutions to address the growing needs for carbon-free electricity.This collaboration is set to transform…
The board of the U.S. Export-Import Bank approved a nearly $5 billion loan for a long-delayed LNG project in Mozambique, clearing a key hurdle to restarting the project under development by French oil major TotalEnergies.The Export-Import Bank had previously agreed a $4…