Oil And Gas News

 

McDermott Concludes Work at PTTEP’s Kikeh Gas Field Off Malaysia

Feb 05, 2025

McDermott has completed transportation, installation, and commissioning activities for the Kikeh subsea gas lift project, awarded by PTTEP Sabah Oil Limited (PTTEP) in the first quarter of 2024.The project, executed by the company's Kuala Lumpur (KL) based team…

Tango FLNG Tops Guaranteed Production at Eni’s Gas Field Offshore Congo

Feb 05, 2025

The liquefaction of natural gas onboard the Tango floating liquefied natural gas (FLNG) unit at Eni’s Congo LNG project has exceeded the guaranteed levels.Following the monitoring of the liquefaction of natural gas onboard the Tango FLNG, the…

Johan Sverdrup Oil Field Goes Back in Production Following Outage

Feb 05, 2025

Norway's Equinor has resumed output at its giant Johan Sverdrup oilfield in the North Sea following a power outage and is working to reach full production, a company spokesperson said on Wednesday.Equinor on Tuesday halted all output from Sverdrup…

TotalEnergies Delays FID for Namibian Offshore Oil Discovery to 2026

Feb 05, 2025

French oil major TotalEnergies expects to take a final investment decision (FID) on its Namibian offshore oil discovery in 2026, CEO Patrick Pouyanne said on Wednesday at a press briefing.The development would have a production capacity of 150…

Well-Safe Solutions Secures More Decom Jobs for Eni in Dutch North Sea

Feb 05, 2025

Offshore well plug and abandonment specialist Well-Safe Solutions has secured contract extension from Italian energy major Eni Energy Netherlands to decommission selected subsea and platform wells across Eni’s portfolio in the Dutch sector of the North Sea…

TotalEnergies’ Quarterly Profit Goes Down 15%, Still Above Expectations

Feb 05, 2025

French oil major TotalEnergies beat expectations for fourth-quarter earnings on Wednesday as higher trading profits in the gas market helped it offset some of the impact of low oil prices and weak fuel demand.Adjusted net income for the final three months of 2024 was $4…

Equinor Posts Lower Q4 Profit, Cuts Renewable Energy Target

Feb 05, 2025

Norway's Equinor is reducing its ambitions for developing renewable energy capacity by 2030, it said on Wednesday, the latest move by a European energy company to cut green targets as the market for renewables sours.Equinor follows peers BP and Shell…

Vår Energi Pre-Orders Subsea Systems to Accelerate Oil and Gas Developments

Feb 04, 2025

Norwegian oil and gas company Vår Energi has signed a letter of intent with OneSubsea for the delivery of Subsea Production Systems (SPS) to reduce project development time. The pre-commitment will give Vår Energi the ability to shorten subsea tie-back development time by up to one year…

Shell Puts New FPSO at Penguins Field into Production

Feb 04, 2025

Shell has restarted production at the Penguins field in the U.K. North Sea with a new floating, production, storage and offloading (FPSO) unit.The previous export route for the field, operated by Shell with 50% interest, and partner NEO Energy with the remaining 50%…

Petrobras Sees 10.5% Decline in Q4 Oil and Gas Production

Feb 04, 2025

Brazilian state-run oil giant Petrobras reported on Monday a 10.5% decrease in its total fourth-quarter oil and gas production from a year earlier, while also experiencing lower sales and exports.Petrobras, Latin America's largest oil producer…

Japan's Mitsui Eyes Alaska LNG Project

Feb 04, 2025

Japanese trading house Mitsui could consider studying a project to liquefy natural gas (LNG) in the U.S. state of Alaska, but no decisions have been made yet, Chief Financial Officer Tetsuya Shigeta said on Tuesday.Japan is considering offering…

ABL to Provide MWS Services to Saipem for Libyan Offshore Gas Field

Feb 04, 2025

Energy and marine consultancy ABL has been awarded a contract to provide marine warranty survey (MWS) services to Saipem, to support the marine transportation and installation (T&I) operations relating to Libya’s Bouri Gas Utilisation Project (BGUP)…

Noble Corporation to Retire Two Drillships

Feb 04, 2025

Offshore drilling contractor Noble Corporation has outlined plans to divest the cold stacked drillships Pacific Meltem and Pacific Scirocco, permanently retiring the units from drilling operations.Noble Corporation said the decision was made…

Talos Energy Hires Former Shell Executive as CEO

Feb 03, 2025

U.S. oil and gas company Talos Energy has appointed Paul Goodfellow as President, Chief Executive Officer (CEO) and a member of the company’s Board of Directors.Paul Goodfellow brings over thirty years of domestic and international experience…

Mexico’s Deepwater Gas Project Up for ‘Substantial Changes’

Feb 03, 2025

Mexican billionaire investor Carlos Slim's team and state energy company Pemex are discussing substantial changes to a deal to develop the country's first deepwater natural gas field, five sources familiar with the matter told Reuters.Slim's…

Current News

Vantage to Explore Drilling Opportunities with Dorado Drillship

Vantage to Explore Drilling Op

Floatel Firms Contract for Floatel Superior in North Sea

Floatel Firms Contract for Flo

Woodside and Trinidad Agree Commercial Terms for Calypso Gas Discoveries

Woodside and Trinidad Agree Co

TotalEnergies Signs LNG Supply Deal with India’s GSPC

TotalEnergies Signs LNG Supply

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