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Oil & Gas

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Deepwater InstallationFossil EnergyProduction & ProcessingSubseaVessels & VehiclesBusiness & FinanceBusiness Developments & ProjectsProject & TendersVesselsEquipmentExploration & ProductionTechnologyPipesAuthorities & GovernmentRegulation & PolicyLiquefied Natural GasLow-Carbon TransitionCablingOutlook & Strategy
FDS2 vessel; Source: Saipem
Oil & Gas

Saipem reinforces Guyana ties with $500 million job on ExxonMobil’s seventh oil project

Italy’s engineering, drilling, and construction services giant Saipem has received the green light to move forward with its multimillion-dollar assignment on an offshore oil project in the Stabroek block off the coast of Guyana from ExxonMobil Guyana, a subsidiary of the U.S.-headquartered ExxonMobi

about 11 months ago
Illustration. Source: DOF
Oil & Gas

DOF pulls off $390 million hat trick for Petrobras’ subsea oil & gas inspections

Norway’s vessel owner DOF Group has secured three assignments off the coast of Brazil, enabling it to undertake subsea inspections of underwater facilities operated by Petrobras, the South American country’s state-owned oil and gas giant.

about 11 months ago
Åsgard B platform; Credit: Gudmund Nymoen/Equinor
Oil & Gas

Equinor unleashes gas recovery boost in Norwegian waters with subsea upgrade

Norwegian state-owned energy giant Equinor has kicked off the next phase of its subsea compression quest in the Norwegian Sea to up the gas recovery ante at its asset off the coast of Norway.

about 11 months ago
Courtesy of TechnipFMC
Oil & Gas

TechnipFMC scores work on ExxonMobil’s seventh oil chapter in Guyana

TechnipFMC has tucked under its belt a new multimillion-dollar subsea assignment, which will enable it to help ExxonMobil Guyana, a subsidiary of the U.S.-headquartered ExxonMobil, to bring to life an offshore oil project in Guyana’s Stabroek block.

about 11 months ago
Troll B platform; Credit: Øyvind Hagen/Equinor
Oil & Gas

New export route for North Sea gas output as pipeline gets thumbs-up

Given its dedication to curbing the decline in gas production over the coming years, the Norwegian Offshore Directorate (NOD) has given its seal of approval for a new gas export solution, delivering another path for gas exports from a platform in the North Sea, which enhances Norway’s energy securit

about 11 months ago
Illustration; Source: SLB
Oil & Gas

SLB picks up job with Petrobras for up to 35 wells in Brazilian waters

U.S.-headquartered technology player SLB has secured a multi-well ultra-deepwater assignment off the coast of Brazil, which will enable the country’s state-owned energy giant Petrobras to scale up its oil and gas production and overall performance.

about 11 months ago
FPSO development concept; Source: Finder Energy
Oil & Gas

Operator taking steps to close funding gap ahead of oil project’s FID as partner ups its stake

Finder Energy, a Perth-based oil and gas exploration player, is taking steps to secure remaining funds for a final investment decision (FID), which will enable it to develop two oilfields off the coast of Timor-Leste. To this end, the firm has agreed to enable its partner to boost its interest in th

about 11 months ago
An offshore platform and a vessel next to it
Oil & Gas

Halliburton picks UK tech for next-gen well monitoring

Halliburton has acquired a global license to deploy technology developed by WellSense, a provider of rapid fiber-optic well diagnostics services, for use in well stimulation monitoring.

about 11 months ago
Rendering of an LNG terminal
Oil & Gas

ADNOC’s XRG enters US LNG scene with stake in Lone Star State’s $18.4B project

XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), has wrapped up its acquisition of an interest in a liquefied natural gas (LNG) export project in Texas, United States (U.S.).

about 11 months ago
Illustration; Source: TotalEnergies
Oil & Gas

TotalEnergies to supply South Korean player with LNG until 2033

France’s energy giant TotalEnergies has secured a multi-year deal to provide liquefied natural gas (LNG) to South Korea’s HD Hyundai Chemical. This boosts the French player’s LNG sales growth.

about 11 months ago
Illustration; Source: Weatherford
Oil & Gas

Weatherford lands eight-year job with European gas producer

U.S. oilfield services company Weatherford International has secured a multi-year assignment with SNGN Romgaz, described as Romania’s largest natural gas producer and main supplier, as well as the third-largest gas producer in Europe.

about 11 months ago
A floating production storage and offloading (FPSO) unit
Oil & Gas

Vitol acquires stake in Eni’s Côte d’Ivoire oil & gas development

Italy’s energy giant Eni has finalized the sale of its partial stake in a project offshore Côte d’Ivoire to Vitol, an energy and commodities company.

about 11 months ago
Tullow expands its oil & gas portfolio in Côte d’Ivoire
Oil & Gas

Tullow offloads assets in Kenya after Gabon divestment, adding millions to its balance sheet

UK-headquartered Tullow Oil, an independent energy company with operations in West Africa, has wrapped up the sale of its portfolio in Kenya just months after disposing of its non-core assets in Gabon. These two divestments are expected to generate multimillion-dollar cash proceeds, strengthening th

about 11 months ago
Nexans cables to extend lifetime of Equinor's Norwegian Sea field
Oil & Gas

Nexans cables to extend lifetime of Equinor’s 25-year-old field

Norway’s state-owned energy giant Equinor has awarded a contract to French cable systems designer and manufacturer Nexans for the delivery of new electrical umbilicals to replace cables that have been operational for over 25 years at its field in the Norwegian Sea. Nexans is scheduled to deliver the

about 11 months ago
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