Oil And Gas News

 

ARO Drilling and IMI Shake Hands for First Saudi-Built Jack-Up Drilling Rig

4 hours ago

ARO Drilling, a joint venture between Aramco and Valaris, and International Maritime Industries (IMI) have signed an agreement to build a new jack-up drilling rig, Kingdom 3, which will be the first to be constructed in the Kingdom of Saudi Arabia.IMI and ARO Drilling celebrated the start of construction for Kingdom 3 with a signing ceremony at the iktva Forum & Exhibition held from in January 2025 at the Dhahran Expo…

Brava Energia Signs Supply Deal with Trafigura for Atlanta Oil

1 hour ago

Brazilian oil and gas firm Brava Energia has signed a contract with Trafigura for the sale of oil from the Atlanta field, offshore Brazil.The contract is for the sale of a total volume of 6MM barrels of oil produced by the consortium in Atlanta field…

Norway Forecasts Record Oil and Gas Investment Year

3 hours ago

Norwegian oil and gas investments this year will exceed the record levels of 2024, driven by a flurry of development projects, a national statistics office (SSB) industry survey showed on Thursday.The country's biggest business sector forecast investment of 253…

T12 Engineering Expands Oil and Gas Services to Norway

5 hours ago

T12 Engineering has established a new office in Oslo, marking a significant step in its strategic expansion into Norway’s oil and gas market.The specialist U.K. firm is targeting independent owner-operators in Norway’s oil and gas sector looking…

BP Picks Seatrium for Tiber Floating Production Unit

6 hours ago

Seatrium and BP have signed the Memorandum of Understanding (MOU) in preparation for a second project, the Tiber Floating Production Unit (FPU), in the U.S. Gulf of America.Under the MOU for the Tiber project, Seatrium would provide services to carry out the engineering…

Vantage to Explore Drilling Opportunities with Dorado Drillship

Feb 12, 2025

Offshore drilling contractor Vantage Drilling has entered into a marketing agreement with Eldorado Drilling for the seventh generation ultra-deepwater drillship Dorado.Vantage Drilling will market the Dorado drillship for drilling opportunities in various locations in Africa…

Floatel Firms Contract for Floatel Superior in North Sea

Feb 12, 2025

Offshore accommodation rig firm Floatel International has secured firm contract with an undisclosed client North Sea client for Floatel Superior.Floatel Superior will provide services in the second quarter of 2026 under the three-month contract…

Woodside and Trinidad Agree Commercial Terms for Calypso Gas Discoveries

Feb 12, 2025

The government of Trinidad and Tobago and Woodside Energy have reached an initial agreement on the commercial terms for developing the company's Calypso deepwater gas discoveries, moving the project one step closer to a final investment decision…

TotalEnergies Signs LNG Supply Deal with India’s GSPC

Feb 12, 2025

TotalEnergies and the Gujarat State Petroleum Corporation Limited (GSPC), a state-owned oil and gas company, announced the signing of a long-term Sale and Purchase Agreement (SPA) for a term of ten years starting in 2026.Under this agreement…

Vaar Energi Marks Rise in Quarterly Profit

Feb 12, 2025

Oslo-listed Vaar Energi, majority-owned by Italy's Eni, raised its dividend on Tuesday as the oil and gas exploration and production company reported a fourth-quarter operating profit in line with expectations.Vaar's earnings before interest…

TotalEnergies, Aker BP Eye Larger Share in Equinor’s Johan Sverdrup Field

Feb 12, 2025

TotalEnergies and Aker BP are seeking an independent review of their stakes in Equinor's Johan Sverdrup oilfield with a goal of boosting their holdings in the North Sea's largest producing field, Aker BP said on Wednesday.Built across several offshore oil and gas licences…

Brazil's Petrobras Looks to Africa for Oil Reserves Boost

Feb 12, 2025

Brazil's Petrobras wants to buy stakes in African oil assets, mainly in Angola, Namibia and South Africa, to boost its reserves as it expects output to fall after 2030, a senior executive said on Wednesday.The Brazilian state energy firm is in talks with companies…

Guyana Set to Terminate CGX and Frontera's License for Corentyne Offshore Block

Feb 11, 2025

Frontera Energy Corporation and CGX Energy have received a notice from the Government of Guyana for the cancelation of license for the Corentyne block offshore the South American country.According to the joint venture partners, Guyana has taken the position that the license…

Six New Gas Wells in Line for BP’s Shah Deniz Field in Caspian Sea

Feb 11, 2025

BP plans to add six new wells to its operation in Azerbaijan's Shah Deniz gas field in the Caspian Sea to ensure stable production in the years ahead, a senior manager at the international energy major told Reuters.BP currently operates 21 gas wells in Shah Deniz…

Next Ocean Scoops Investment to Scale Up Vessel Motion Radar Tech

Feb 11, 2025

Next Ocean, a Dutch developer of Vessel Motion Radar systems for offshore wind and oil and gas industries, has secured seed investment from Arches Capital to drive its business expansion.This funding will accelerate Next Ocean’s growth, enabling the company to scale production…

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