Oil And Gas News

 

Vallourec Brings CNOOC, Petrochina as New Clients in Iraq

Jul 11, 2025

French tubular solutions specialist Vallourec has secured two contracts to supply Oil Country Tubular Goods (OCTG) to support the drilling operations of CNOOC and PetroChina in Iraq.The contracts carry potential revenue of over $130 million…

Germany’s SEFE Inks Three-Year LNG Supply Deal with ADNOC

Jul 11, 2025

SEFE Securing Energy for Europe and the United Arab Emirates’ ADNOC Gas have entered into a three-year supply agreement over 0.7 million tonnes of LNG, with deliveries to begin in summer 2025.The agreement is valued at approximately $400 million…

Shell Secures Drilling Permit off South Africa's West Coast

Jul 11, 2025

Shell has been granted environmental authorisation to drill up to five deep-water wells off South Africa's west coast, the company said on Friday.The oil major applied for authorisation last year and plans to drill exploration or appraisal wells…

Floatel Lines Up Work for One of its Accommodation Vessels

Jul 11, 2025

Floatel International has signed a Letter of intent for Floatel Victory accommodation vessel to provide Maintenance and Safety Unit (MSU) services offshore Brazil.The MSU assignment is for three to four months. Option to extend the assignment after the firm period has been granted…

Cost Surge Looms Without Urgent Well Decommissioning Action, NSTA Warns

Jul 11, 2025

Operators must immediately start tackling their backlog of wells that are already due for decommissioning to stop rigs leaving the North Sea and prevent billions of dollars of additional costs for themselves and taxpayers, industry regulator…

Technip Energies Bags ‘Large Contract’ for FLNG Unit in Africa

Jul 11, 2025

Technip Energies has secured a large contract to perform ‘preliminary activities’ for a Floating Liquefied Natural Gas (FLNG) unit in Africa.The contract, valued between $290 million and  $584 million, will be effective until September 30, 2025…

Australian Engineering Firm Gets Work on Shell’s Crux Gas Platform

Jul 10, 2025

Engineering company Monadelphous Group has secured new contracts in the energy sector valued at more than $100 million, including work at Shell’s Crux gas platform and Origin Energy’s LNG project.Monadelphous signed a contract with Technip Energies…

Solstad Confirms $84M Deal with Petrobras for Normand Turquesa AHTS

Jul 10, 2025

Norwegian offshore vessel owner Solstad Offshore has confirmed a contract with Petrobras for its anchor handling tug supply (AHTS) vessel Normand Turquesa.The four-year contract, which received board approval, is scheduled to begin in February 2026…

EnQuest Acquires Harbour Energy’s Vietnamese Assets

Jul 10, 2025

U.K.-based oil firm EnQuest has completed the acquisition of Harbour Energy’s business in Vietnam, which holds a 53.125% equity interest in, and operatorship of, the Chim Sáo and Dua production fields.The completion of the acquisition has confirmed EnQuest as operator of the fields in Block 12W…

Equinor Finds Gas Near Castberg Field in Barents Sea

Jul 10, 2025

Equinor and its partners have made a gas discovery in the Skred prospect, located near the Johan Castberg field in the Barents Sea, off Norway.The 7220/5-4well was drilled about 23 kilometers north of discovery well 7220/8-1 on the Johan Castberg…

Staatsolie Takes Back Offshore Oil Block in Suriname as Hess Exits

Jul 09, 2025

U.S. oil producer Hess Corp has decided to withdraw from Suriname's offshore Block 59, the South American nation's state oil firm Staatsolie said on Tuesday, adding the block would now return to Staatsolie.'Hess has fulfilled its minimum work…

Subsea7, OneSubsea to Work on New Phase of Equinor’s Deepwater Brazilian Field

Jul 09, 2025

Subsea Integration Alliance (SIA) partners Subsea7 and SLB OneSubsea have signed a contract with Equinor for the development of a concept study for the Phase 2 of the Bacalhau project, offshore Brazil.The contract, for which the details have not been disclosed…

Woodside Finds South Korean Partners to Advance LNG Value Chain

Jul 09, 2025

Woodside Energy has signed a non-binding memorandum of understanding (MoU) with Hyundai Engineering and Hyundai Glovis, establishing a strategic framework to collaborate on liquefied natural gas (LNG) project development, engineering services and shipping logistics…

COSLInnovator Rig Cleared for Two-Well Drilling Op in North Sea

Jul 09, 2025

The Norwegian Offshore Directorate (NOD) has granted Equinor a drilling permit for two wildcat wells in the North Sea, to be conducted with COSL’s COSLInnovator semi-submersible drilling rig.The drilling permit is for wellbores 34/8-20 S and 34/8-20 A in the license 554 E…

Equinor Hires Aker Solutions for Norwegian Oil and Gas Tie-In Scheme

Jul 09, 2025

Aker Solutions has secured a contract by Equinor to prepare the topside of Troll C to receive and process the production from the Fram Sør subsea tie-in project in the North Sea.Fram Sør will be developed as a subsea tie-in to Troll C and will…

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