Offshore Energies UK (OEUK) said on Thursday that recoverable gas reserves on the UK Continental Shelf (UKCS) amount to 456 billion cubic meters (bcm), more than double the 226 bcm production projection between 2025 and 2050 cited by the North Sea Transition Authority (NSTA)…
Japan’s largest exploration and production (E&P) firm Inpex has received environmental approval from the Indonesian government for its Abadi liquefied natural gas (LNG) project in the Masela Block, marking a key milestone as the development…
Trendsetter Vulcan Offshore (TVO) added Jeff Bockmiller and Mike Tricarico to its project management staff.Bockmiller has spent more than a decade in project management and has 17+ years of experience in the energy industry. Before joining TVO…
Malaysia’s MISC has secured long-term bareboat charter and operations and maintenance contracts with ExxonMobil PNG (EMPNG) for Papua New Guinea’s first floating storage and offloading (FSO) unit.The contracts comprise a firm 15-year charter with extension options of up to an additional 15 years…
Borr Drilling has reported a drop in revenue in its unaudited results for the three months and year ended December 31, 2025.Highlights include:•Fourth quarter total operating revenues of $259.4 million, a decrease of $17.7 million or 6% compared…
Suriname and Guyana plan to create a joint technical team to explore the development of natural gas production projects between the two South American countries, Suriname's oil minister told Reuters.The team, which could be installed next month…
A consortium led by U.S. oil major Chevron signed exclusive lease agreements on Monday to look for natural gas off southern Greece, expanding the United States' presence in the eastern Mediterranean.The deal doubles the amount of Greek maritime…
MISC, through its joint venture Vietnam Offshore Floating Terminal (Ruby) (VOFT), has secured a contract for the Ruby II floating production, storage and offloading (FPSO) unit with Petrovietnam, extending the unit’s lease, operation and maintenance until the end of 2027…
Jumbo Offshore has completed mooring pre-installation activities for the Errea Wittu floating production, storage and offloading (FPSO) unit at ExxonMobil Guyana’s Uaru Field in the Stabroek Block offshore Guyana.The work, carried out on behalf of MODEC…
SLB has secured multiple offshore drilling services contracts by Mubadala Energy for the Tangkulo natural gas deepwater development and associated exploration and appraisal activities in the Andaman Sea offshore Indonesia.The contracts cover…
Tree C, a Dutch virtual and augmented reality specialist for the offshore and remote handling industry, has announced it will develop a training simulator for Fleeming Jenkin, described as the world’s largest cable laying vessel (CLV), owned by Jan De Nul…
Harbour Energy has completed its $3.2 billion acquisition of LLOG Exploration Company, marking the company’s entry into the U.S. Gulf of America and establishing a new core business unit.Through the acquisition, Harbour has gained a fully operated…
ORLEN Upstream Norway has agreed to acquire a 25% interest in production license PL293 in the North Sea from Vår Energi, which covers the unconventional Afrodite gas discovery.The Afrodite gas discovery has the potential to deliver nearly 2 billion cubic meters of natural gas net to ORLEN…
Egypt has directed international oil companies to double production by 2030, Energean International CEO Nicolas Katcharov told Reuters on Tuesday, saying existing contracts must be revised to spur new investment.Katcharov said the low gas prices…
Aquaterra Energy has secured a multi-year, seven-figure contract to provide subsea well access equipment for intervention and abandonment operations across 11 wells offshore Spain.Under the agreement with a global offshore services company,…
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