An unprecedented deal for the U.S. to gain access to a fifth of Venezuela's oil reserves - and the central role a Venezuelan businessman will play - is prompting questions and hesitation from some oil companies evaluating potential investments in the country…
U.S. President Donald Trump said Monday that ExxonMobil, the largest U.S. oil major, was among a group of companies planning to do business in Venezuela.Exxon declined to comment. Any entrance into the South American country would mark a stunning…
Eni has, together with MIWEN (a wholly owned subsidiary of YPF) and the Uruguayan National Oil Company ANCAP, signed an official agreement for the entry in the OFF-5 exploration block offshore Uruguay, following approval by the Uruguayan authorities…
Ten years after completing its first commercial single-lift operation, Pioneering Spirit has safely removed and delivered TAQA UK's North Cormorant topsides to Shetland for dismantling and recycling.Weighing more than 17,000 tonnes, the former…
Floatel International has secured a letter of intent for its Floatel Triumph semi-submersible unit to provide Maintenance and Safety Unit (MSU) services offshore Brazil for four to eight months.The assignment is scheduled to start in the first quarter of 2027…
Thailand’s state-backed energy firm PTT Exploration and Production (PTTEP) subsidiaries and Petronas Carigali's PC JDA have signed a 35-year production sharing contract for Block A-18-01 in the Malaysia-Thailand Joint Development Area, allowing the partners to continue petroleum exploration…
Petroleum Marine Services (PMS) has completed the installation of three subsea pipelines for the fourth phase of the Kamose offshore gas field development in Egypt, clearing the way for the installation of three new production platforms.The project…
General Hydrocarbons Limited (GHL) has approached Dolphin Drilling with a non-binding proposal combining a potential deployment of the Blackford Dolphin rig in Nigeria with a cash settlement of a portion of an approximately $105 million arbitration award…
The Iran war's redrawing of the global trade map is forcing Gulf nations to retool their investment play book, ploughing capital into infrastructure, from energy pipelines to ports, to weather the fallout from the conflict.The war has highlighted the Gulf's overreliance on the Strait of Hormuz…
Gas producer Energean is in exclusive talks to buy some of BP's upstream oil and gas assets in Egypt, two people involved in the process told Reuters.The deal, which could raise about $1 billion for BP, includes its stakes in the producing offshore West Nile Delta assets…
Iran is preparing a list of conditions for reopening the Strait of Hormuz after mediators asked Tehran to set them out, said Mohsen Rezaei, secretary of Iran's Supreme National Security Council, adding that ending the regional war was among them…
Well-Safe Solutions has signed a strategic partnership agreement with NMC Energy to support ongoing operations, including the recently awarded Apache Beryl and Forties decommissioning contracts, and to pursue future project collaboration opportunities…
Technip Energies has been awarded a significant contract by Larsen & Toubro Energy Hydrocarbon (LTEH) to provide detailed engineering services for an ADNOC Offshore project in the United Arab Emirates.The project was awarded by ADNOC Offshore to a consortium led by LTEH and covers the engineering…
Singapore's Seatrium is preparing for the sailaway of two floating production, storage and offloading (FPSO) units for Brazil's Petrobras, with the P-80 and P-82 vessels scheduled to depart within weeks of each other.The two vessels were marked…
Sempra Energy's unit Port Arthur LNG has started the federal permitting process for a major expansion of its liquefied natural gas export operations in Southeast Texas, according to a regulatory filing made on Wednesday.The proposed Port Arthur…
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