Given its plan to bring to life two approved oil and gas developments in the Sergipe Alagoas Basin off the coast of Brazil, the country’s state-owned energy giant Petrobras has signed off on deals for two floating production, storage, and offloading (FPSO) units with Dutch giant SBM Offshore, laying
A conditional final investment decision (cFID) is paving the way to prolong operations at a liquefied natural gas (LNG) terminal in the Netherlands until 2036, securing its role in the country’s LNG infrastructure beyond 2027.
U.S.-headquartered technology player SLB is pooling resources with Norway’s oil and gas player Vår Energi to help the operator advance progression from discovery to development, cutting time to first oil by building on multi-discipline, collaborative well planning workflows that reduce cycle times f
Worley’s Rosenberg engineering, procurement and construction (EPC) center of excellence in Norway has secured a new contract with Subsea7 to fabricate subsea structures for Equinor’s oil & gas development in the northern North Sea. Worley Rosenberg will fabricate 34 subsea structures, mainly compris
U.S.-headquartered energy technology giant Baker Hughes has landed two long-term contract extensions with Norway’s state-owned energy player Equinor to support hydrocarbon production in the Norwegian sector of the North Sea.
A liquefied natural gas (LNG) project, being developed on Canada’s northwest coast to export lower-carbon LNG to markets in Asia, has obtained its first agreement with a European buyer.
UK-headquartered and AIM-listed oil and gas company Europa Oil & Gas has confirmed that one key go-ahead is still pending for a farm-out process related to a block off the coast of Equatorial Guinea.
Ocean services provider DeepOcean has secured a subsea contract package with Norwegian state-owned energy giant Equinor for multiple fields on the Norwegian continental shelf (NCS), with offshore work to be performed across 2027-2028. The package includes subsea work scope at the Visund field in the
Mercuria, an independent energy and commodity trader, has joined forces with Motor Oil Hellas (MOH) to ensure liquefied natural gas (LNG) supply through a floating storage and regasification unit (FSRU) in Greece’s Saronic Gulf.
By employing digitalization and artificial intelligence (AI), Rystad Energy, an energy market intelligence group, has highlighted that exploration and production (E&P) companies could reap close to $500 billion in cumulative value between 2026 and 2030.
Given the growing concerns over a draft domestic gas reservation framework, Australian Energy Producers, representing Australia’s upstream oil and gas exploration and production industry, has emphasized the investment risks such a move could bring, intensifying east coast gas supply pressures.
With more than 80 million tonnes per annum (mtpa) of liquefied natural gas (LNG) supply, representing around 20% of global supply, being inaccessible to global markets, the Strait of Hormuz closure has the potential to spark the biggest energy supply shock in decades, according to Wood Mackenzie, an
As oil prices top $100 per barrel (bbl), Wood Mackenzie, an energy intelligence group, has pinpointed the uptick in energy prices as the reason for the revival in windfall tax debate across four continents.
As the North Sea offshore energy industry voices urge the UK government to put an end to reliance on imports, Britain’s trade body for the offshore energy industry, Offshore Energies UK (OEUK), has emphasized the need for the government to focus on unlocking homegrown power of supply to mitigate the
