Oil and gas companies operating in Norway expect to invest a record 275 billion Norwegian crowns ($24.68 billion) in 2025, up from 263.7 billion this year and more than previously expected, the Offshore Norge industry association said on Monday…
Brazil's Brava Energia has signed an agreement with PetroReconcavo to sell 50% of its natural gas processing infrastructure in the Potiguar basin for $65 million.As part of the partnership agreement with Brava Energia, PetroReconcavo will buy…
Equinor and its partners Vår Energi and Petoro have postponed the start-up of Johan Castberg field, located in the Norwegian part of the Barents Sea, to January or February 2025 from the initial plan to bring the field on stream by the end of 2024…
Golar LNG has decided to call off the floating liquefied natural gas (FLNG) vessel conversion job with Seatrium, following the sale of a Moss type liquefied natural gas (LNG) carrier Golar Gandria for demolition.The first two floating liquefaction…
Woodside and Chevron have agreed an asset swap in Australia to streamline their portfolios of oil and gas, liquefied natural gas (LNG), and carbon capture and storage (CCS) projects.Woodside will acquire Chevron’s interest in the North West Shelf (NWS) Project…
Saudi state-owned oil giant Aramco has hired Subsea7 for the replacement of pipeline at its Abu Safa field, offshore Saudi Arabia, under contract worth up to $300 million.The contract scope includes the decommissioning of existing subsea facilities as well as engineering…
BP and XRG, ADNOC’s international energy investment company, have established new regional gas platform, Arcius Energy, to initially focus on development of gas assets in Egypt.Announced in February 2024, Arcius Energy is 51% owned by BP and 49% by XRG…
China's CNOOC has sold its U.S. subsidiary, together with its upstream oil and gas assets in the Gulf of Mexico, to British chemicals group INEOS, according to a CNOOC statement issued on Saturday.The Chinese oil and gas major said CNOOC Energy Holdings U…
Malaysia’s state-owned energy giant Petronas has awarded Production Sharing Contracts (PSCs) for three oil and gas clusters and one exploration block offered under the Malaysia Bid Round (MBR) 2024, with Shell and ConocoPhillips among the winners…
Norwegian oil and gas operator DNO has restarted production at its Trym field in the Norwegian North Sea, which is tied-back to Tyra field’s infrastructure, after five-year shutdown.First commissioned in 2011, Trym is expected to contribute 3…
Saipem, in consortium with KOA Oil & Gas and AVEON Offshore, has been awarded a new offshore contract by Shell Nigeria Exploration and Production Company Limited (SNEPCo) for the Bonga North Project.The project is related to the tieback of wells to the existing Bonga floating production…
BlueNord, the partner in the Tyra II project along with TotalEnergies and Nordsøfonden, has informed that the full ramp-up of the Denmark’s largest offshore gas development has been pushed for three weeks, with the plateu production now expected in the second half of January 2025…
Norwegian oil and gas player Vår Energi and its partner Equinor have proven oil in an appraisal well in Barents Sea, drilled to delineate the Countach discovery, which is now being considered for tie-back to the nearby floating production, storage…
Energy services provider Expro (NYSE: XPRO) has been awarded a contract valued at over $10 million for the provision of a well decommissioning solution in support of the 52-well plug and abandonment (P&A) campaign.The solution combines subsea…
Following a competitive tender process, energy technology company SLB has secured a new contract with Petrobras for providing integrated services across all of its offshore fields in Brazil.SLB will oversee the construction of more than 100 deepwater wells…
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