Oil And Gas News

 

COP30’s Weak Deal Unlikely to Shift Renewables - Fossil Fuel Battle

Nov 24, 2025

The weak statement that omitted any mention of fossil fuels was probably the best outcome that could have been realistically expected of the COP30 climate summit.It was always going to be a tall order to put nearly 200 countries with massively…

IKM Testing Plans Expansion after Booking $8.5M in Decom Work in 2025

Nov 24, 2025

IKM Testing UK has outlined plans to expand its workforce and service offering, after it had booked more than $8.5 million (£6.5 million) in decommissioning project sales for 2025.The offshore decommissioning and pipeline services provider will…

Equinor Signs 10-Year Gas Supply Deal

Nov 21, 2025

Equinor and the Capital City of Prague’s gas and electricity company Pražská plynárenská have signed a long-term agreement for ten years of gas supplies into the Czech Republic.Deliveries have started and will last until 2035, Equinor said.Equinor’s…

Libya Targets Output Boost as Oil Bid Round Enters Final Phase

Nov 21, 2025

Libya's National Oil Corporation said it is approaching the final stage of a public exploration bid round, with companies expected to submit offers and open bids in February 2026, according to a statement on Thursday.The bid round, the first in over 17 years…

Equinor to Keep Havila Shipping’s PSV Busy for One More Year

Nov 21, 2025

Equinor has extended the contract for Havila Shipping’s platform supply vessel (PSV) Havila Charisma.Equinor has exercised one year option for Havila Charisma until December 2026.According to Havila Shipping, Equinor has an option for one year thereafter…

Woodside Extends EnerMech’s Cranes Services Contract off Australia

Nov 21, 2025

Energy industry services firm EnerMech has secured a one-year contract extension to deliver crane maintenance and integrity services across six assets for Woodside in North West Australia.The renewed scope covers six offshore assets in North West Australia…

THREE60 Energy Strengthens Norwegian Ops with New Appointments

Nov 21, 2025

Global energy services provider THREE60 Energy has made strategic appointments to strengthen operational structure in Norway following a period of significant growth across its Wells and Subsurface service linesThe move enhances integration…

COSL Drilling Europe Explores Development of Fully Electric BOP

Nov 21, 2025

COSL Drilling Europe is examining the development of fully electric blowout preventer (BOP), a move the company says could lower costs and improve efficiency in offshore drilling and plug and abandonment operations.The concept was originally created by John Dale and Electrical Subsea & Drilling…

Seatrium Picks Sulzer’s Equipment for Petrobras’ FPSOs

Nov 21, 2025

Swiss-based equipment supplier Sulzer has secured an order to supply multiple water injection packages to Seatrium for Petrobras’ next generation P-84 and P-85 floating production storage and offloading (FPSO) vessels.To support the construction of both vessels…

ExxonMobil Ends Force Majeure, Targets First LNG From Mozambique in 2030

Nov 21, 2025

Exxon Mobil said on Thursday it has lifted force majeure on a large liquefied natural gas project in Mozambique called Rovuma LNG.The company paused work after French oil major TotalEnergies also declared force majeure on its separate LNG project…

Trump Proposal Opens California Coast to Drilling, Drawing Fierce Opposition

Nov 21, 2025

President Donald Trump's administration on Thursday unveiled a plan for a dramatic expansion of oil and gas drilling rights auctions in U.S. waters, including in California, where state officials strongly oppose energy development along its world-famous coastline…

Industry Responds Positively to US Offshore Lease Proposal

Nov 20, 2025

This week, the Department of the Interior issued the Draft Proposed Program for the next five year federal offshore oil and gas leasing program, and the response from industry has been positive.Under the new proposal for the 2026–2031 National Outer Continental Shelf Oil and Gas Leasing Program…

Norway Misses Production Forecast as October Output Slips

Nov 20, 2025

Norway's combined oil and gas production lagged an official forecast by 3% in October, the Norwegian Offshore Directorate (NOD) said on Thursday.Norway is Europe's largest supplier of natural gas and a major producer of oil, but output varies…

DNO Enlists AGR to Assess North Sea Reserves and Resources

Nov 20, 2025

Oil and gas firm DNO Norge has hired AGR, part of ABL Group, to carry out an independent evaluation of reserves and resources for the oil and gas operator’s asset portfolio.AGR will provide DNO Norge, which is the Norwegian operation of Oslo-listed DNO…

Norway Issues Permits for Equinor’s Drilling Ops in North Sea

Nov 20, 2025

The Norwegian Offshore Directorate has granted Equinor drilling permits for two wildcat wells in the North Sea.The permits are for wellbore 33/12-N-3 GH in production license 037 B/152 and 33/12-N-3 HH in production license 037 B/277.Equinor is the operator of Equinor of the licenses…

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