Petronas, through its wholly-owned subsidiary Petronas Suriname E&P, has signed a Production Sharing Contract (PSC) for Block 66, located in the deepwater region offshore Suriname.The agreement was signed with Staatsolie Maatschappij Suriname and Paradise Oil Company (POC), a wholly-owned subsidiary of Staatsolie.Under the PSC, Petronas holds the operatorship with 80% participating interest, while POC holds the remaining 20%…
Brazilian oil company Prio expects to double its daily output next year when compared with 2024 levels, driven by the development of some key offshore fields, CEO Roberto Monteiro said on Monday.Prio forecasts production to exceed 200,000 barrels per day (bpd) next year…
Italian energy group Eni has sold a 20% stake in its retail and renewables business Plenitude to U.S. alternative investment manager Ares Management Corp for about 2 billion euros ($2.3 billion), it said on Monday.The transaction is part of…
Hydromea, a leader in high-speed wireless subsea optical communication, and Blue Logic, a pioneer in underwater inductive power and data transfer, have announced a strategic partnership they say will revolutionize wireless subsea communications…
Miros, in partnership with Belga Marine, has enhanced its Oil Spill Detection (OSD) monitoring system system to include cloud-based monitoring capabilities that are now fully operational across several production assets offshore Brazil.The updated…
SBM Offshore has signed an operations and maintenance contract with TotalEnergies EP Suriname, an affiliate of TotalEnergies, for the GranMorgu floating production, storage and offloading (FPSO) unit, as part of the field development project located in Block 58 in Suriname…
AI-driven robotics company ANYbotics has launched a new Gas Leak and Presence Detection solution for its ANYmal robot.ANYmal's new solution integrates advanced, modular gas detectors with a 360° acoustic imaging payload to precisely pinpoint…
Ocean services provider DeepOcean has expanded its fleet of remotely operated vehicles (ROVs) by adding eight new units to its existing fleet.Three new ROVs have recently been delivered, with the remaining five scheduled for delivery over the next four years…
The BeWild project, led by Fugro, has completed the world’s first fully remote ecology survey at CrossWind’s Hollandse Kust Noord offshore wind farm, marking a significant shift in marine ecosystem monitoring.The innovative approach enables more efficient and less disruptive monitoring…
Global energy technology company SLB has launched Sequestri carbon storage solutions, a comprehensive portfolio of technologies and services for accelerating safer and more economic carbon storage projects.The Sequestri portfolio addresses the unique challenges of long-term carbon storage…
Malaysian state energy company Petronas said on Tuesday it expects to take one to two years to set up a planned joint venture with Italian energy group Eni on upstream assets in Indonesia and Malaysia.The companies announced a joint venture framework…
TendrillWood, a joint venture company between Wood Group and Tendrill, has secured a five-year contract with Brunei Shell Petroleum (BSP) for brownfield engineering, procurement, and construction (EPC) services.Under the contract, the TendrillWood JV will deliver integrated…
Mermaid Subsea Services (UK) has completed a well intervention on the Teal P2 well in the Central North Sea for Anasuria Operating Company (AOC).Executed from the Island Valiant vessel, the operation was carried out on behalf of Anasuria Operating Company (AOC)…
Australia's second-largest gas producer Santos said on Monday it intended to support an all-cash $18.7 billion takeover bid from an international consortium led by Abu Dhabi's National Oil Company (ADNOC), which wants to grow a global gas business…
TotalEnergies has entered 40 Chevron-operated exploration blocks, growing its portfolio of U.S. offshore oil and gas assets.TotalEnergies has acquired a 25% working interest in a portfolio of exploration leases offshore U.S. from Chevron, which acts as the operator…