Exxon Mobil will lay off 2,000 workers globally as part of a long-term restructuring plan, the U.S. energy major told Reuters in an emailed statement, adding to a wave of job cuts in the oil and gas industry this year.The layoffs represent about…
Serica Energy has agreed to acquire Prax Upstream, expanding its portfolio of U.K. North Sea oil and gas assets and boosting its reserves, resources and production base.Serica Energy signed a sale and purchase agreement to acquire 100% of the…
Baker Hughes, an energy technology company, has secured a contract from Petrobras to supply up to 50 subsea tree systems and associated services to support offshore oil and gas production across multiple fields in Brazil.The modern subsea systems…
BP has reached a final investment decision (FID) on the Tiber-Guadalupe project in the Gulf of America, approving its second new production platform in less than two years in the critical U.S. offshore region.Fully-owned by BP, Tiber-Guadalupe…
Global technology company SLB has secured a major contract from Petrobras to provide services and technology for up to 35 ultra-deepwater wells in the strategically important Santos Basin.The wells, which are part of the second development of the Atapu and Sépia fields…
Woodside has signed signed a liquefied natural gas (LNG) Heads of Agreement with Türkiye’s Boru Hatları ile Petrol Taşıma (BOTAŞ) to will approximately 5.8 billion cubic meters natural gas equivalent of LNG for up to nine years starting from 2030…
Seatrium Offshore Technology has signed a Memorandum of Understanding (MoU) with Cochin Shipyard (CSL), India’s largest shipbuilder and ship repairer, to strengthen cooperation in the offshore sector across India and Asia.The partnership will focus on maintenance…
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