Oil And Gas News

 

Canada’s $4B Floating LNG Scheme Secures 12-Year Export Deal

Dec 17, 2025

Cedar LNG, the partnership between Haisla Nation and Pembina Pipeline Corporation, has secured a 12-year agreement with Ovintiv for its floating liquefied natural gas (FLNG) facility, being developed on Canada’s West Coast.The agreement, signed by Ovintiv and a subsidiary of Pembina Pipeline Corporation, enables the export of 0.5 mtpa of LNG, under which Pembina will provide transportation and liquefaction capacity to Ovintiv over a 12-year term…

Fugro Nets Mubadala Energy’s Deepwater Gas Job in Asia

Dec 17, 2025

Fugro has secured a large contract with Mubadala Energy to deliver advanced soil investigation services for the South Andaman Deepwater Development, located offshore Indonesia.The strategic project will inform the Front-End Engineering Design Engineering Procurement and Construction (EPC) award…

Santos Divests Non-Core Gas Assets to Eni and Comet Ridge

Dec 17, 2025

Santos has agreed to divest two non-core gas assets in Australia as the oil and gas producer continues to optimize its portfolio and focus capital on priority growth projects.The company said it has executed a conditional sale and purchase agreement to sell its 42…

Vår Energi Starts Up Another North Sea Project

Dec 17, 2025

Norwegian oil and gas firm Vår Energi has put the Balder Phase V project into production, while also completing of Åsgard Low Pressure Production Phase 3 (LPP3) scheme, bolstering its North Sea production.With the Åsgard LPP3 project start-up scheduled for December…

Trump Targets Venezuelan Oil Exports with ‘Sanctioned’ Tankers Blockade

Dec 17, 2025

U.S. President Donald Trump ordered on Tuesday a 'blockade' of all sanctioned oil tankers entering and leaving Venezuela, in Washington's latest move to increase pressure on Nicolas Maduro's government, targeting its main source of income.It…

Brava Energia in Negotiations to Offload Gas Wells to Eneva

Dec 17, 2025

Brazil's Brava Energia is negotiating the sale of three gas wells to Eneva in a deal that could be worth around $450 million, Valor Economico reported on Tuesday.Two wells are located in the Manati and Peroa offshore fields, and one in the Reconcavo onshore field…

EnQuest Set to Top 2025 Production Forecast on Southeast Asia Gains

Dec 17, 2025

North Sea-focussed oil producer EnQuest said on Wednesday it expects to meet or exceed the upper end of its 2025 output forecast of 40,000–45,000 barrels of oil equivalent per day (boepd) as it steps up expansion in Southeast Asia.The company…

Dräger to Supply Gas Detection, Monitoring Tech to North Sea Operator

Dec 16, 2025

Safety technology firm Dräger UK has won a six-figure contract with a major North Sea operator for the supply of advanced gas detection and monitoring solutions.Due to be rolled out across an offshore oil and gas asset next year, the deal marks…

Ocean Geophysics, HighTide Team Up for Offshore Data Processing

Dec 16, 2025

Offshore wind industry suppliers Ocean Geophysics and HighTide have entered into a joint venture aimed at combining their seabed data processing, analysis and interpretation capabilities.The partnership brings together Ocean Geophysics’ large…

Subsea7 Answers Chevron’s Call for Work at Gas Field off Australia

Dec 16, 2025

Subsea7 has secured a contract from Chevron Australia for subsea installation work on the Gorgon Stage 3 (GS3) project, offshore Australia.Subsea7’s scope of work includes project management, engineering, procurement, fabrication, transportation…

Oil and Gas Redevelopment Project off Norway Gets $1.8B Approval

Dec 16, 2025

ConocoPhillips Skandinavia, and its partners Vår Energi, Orlen Upstream Norway, and Petoro, have made a final investment decision (FID) for the joint redevelopment of an oil and gas project in the Greater Ekofisk Area, offshore Norway.The FID is for the Previously Produced Fields (PPF) Project…

Serica Boosts North Sea Portfolio with Spirit Energy Assets Purchase

Dec 16, 2025

Britain’s Serica Energy has agreed to acquire a portfolio of Southern North Sea gas assets from Spirit Energy and affiliates for $74 million, expanding its U.K. upstream footprint and lifting reserves and production.The deal, signed through…

Seadrill Awarded Contract in the U.S. Gulf and Angola

Dec 15, 2025

Seadrill Limited has been awarded contracts for the West Neptune, Sevan Louisiana, and Sonangol Quenguela.In the U.S. Gulf, the West Neptune was awarded a contract with LLOG Exploration. The four-month program is expected to commence in direct continuation to the current contract…

ABS Approves MISC and China Offshore’s Ammonia FPSO Design

Dec 15, 2025

MISC and China Offshore Engineering & Technology Company have received the Approval in Principle (AiP) from the American Bureau of Shipping (ABS) for their design of an ammonia floating production storage and offloading (FPSO) vessel.This innovative…

North Sea Gas Platform ‘Goes Green’ with Offshore Wind

Dec 15, 2025

Dutch gas producer ONE-Dyas has started operating the first natural gas production platform in the Dutch and German North Sea to be powered by offshore wind energy, after completing an electricity cable connection to Germany’s Riffgat offshore wind farm…

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