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Oil & Gas

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Fossil EnergyBusiness & FinanceBusiness Developments & ProjectsOutlook & StrategyLow-Carbon TransitionExploration & ProductionRigsHuman CapitalLiquefied Natural GasAuthorities & GovernmentRegulation & PolicyProduction & ProcessingSubseaInnovationTechnologyFPSO & VesselsDeepwater InstallationProject & TendersCollaborationIT & SoftwareEquipment
FPSO Atlanta; Source: Yinson Production
Oil & Gas

Brazilian duo formally becomes one oil & gas player

Brazilian oil and gas firms Enauta and 3R Petroleum have disclosed the completion of their merger, which was set in motion in early April.

about 2 years ago
Clipper platform in the North Sea; Source: Viaro Energy
Oil & Gas

Shell and ExxonMobil downsize North Sea portfolio enabling British firm to snap up giant gas-producing assets in UK

Viaro Energy is expanding its gas footprint by taking over a 100% working interest in the UK Southern North Sea assets from Shell and ExxonMobil.

about 2 years ago
Baltic jack-up rig; Source: Shelf Drilling
Oil & Gas

Shelf Drilling saying goodbye to 1983-built rig, reveals name of new CFO

Dubai-headquartered offshore drilling contractor Shelf Drilling has decided to sell one of its jack-up rigs for $60 million to an undisclosed buyer.

about 2 years ago
Rendering of BP's Kaskida offshore platform in the Gulf of Mexico; Source: Exmar Offshore/BP
Oil & Gas

BP’s sixth US Gulf of Mexico deepwater oil hub development is a go

BP has taken a final investment decision (FID) to develop its sixth-operated project in a prolific high-margin basin within the U.S. Gulf of Mexico, unlocking the potential to bring online 10 billion barrels of discovered resources in place.

about 2 years ago
FSRU Prometheus; Source: COSCO Shipping
Oil & Gas

Potential procurement violations prompt probe into Cyprus’ LNG terminal

The European Public Prosecutor’s Office (EPPO) in Nicosia, Cyprus has launched an investigation into the country’s liquefied natural gas (LNG) import terminal project due to suspected procurement fraud, misappropriation of European Union (EU) funds, and corruption.

about 2 years ago
Illustration; Source: Saipem
Oil & Gas

Saipem and Curtiss-Wright enrich subsea playbook with new all-electric tool to prolong oil & gas assets’ life

Saipem has pooled resources with Curtiss-Wright to bring into play an all-electric seabed barrier fluid-less pump, marking a new milestone for the subsea applications toolbox.

about 2 years ago
Illustration; Source: Trinity Exploration and Production
Oil & Gas

Upheaval shakes up Touchstone’s merger plan as third player makes offer for UK-based oil & gas firm

Touchstone’s acquisition of Trinity has hit a snag as a third company, Lease Operators, has made a cash offer for the latter.

about 2 years ago
Valaris 123 jack-up rig; Source: Valaris
Oil & Gas

Shell spins the drill bit in North Sea with Valaris rig

Shell has embarked on drilling operations at a high-impact gas prospect in the UK sector of the North Sea with a jack-up rig, owned by Valaris.

about 2 years ago
FPSO Marlin Natuna; Source: PaxOcean
Oil & Gas

Pioneer tanker-to-FPSO conversion at Indonesian shipyard enters commissioning phase

PaxOcean has confirmed the inroads made in repurposing a tanker into an FPSO, which will lend a helping hand in ramping up oil and gas production off the coast of Indonesia.

about 2 years ago
ETAP facility in the North Sea; Source: BP
Oil & Gas

BP gives multimillion-dollar job on North Sea oil & gas project to Subsea7 and OneSubsea

Subsea Integration Alliance, a strategic alliance between SLB’s OneSubsea and Subsea7, will handle work at BP’s subsea tie-back in the North Sea.

about 2 years ago
Illustration; Source: Halliburton
Oil & Gas

Halliburton and Armada exploring edge computing’s potential in oil & gas arena

Halliburton has signed an agreement with compatriot edge computing platform Armada aiming to help the former maximize its features.

about 2 years ago
Karratha gas plant; Courtesy of Woodside
Oil & Gas

Woodside picks Australian engineering firm to prepare Pluto LNG for gas from $12.5 billion project

Woodside has handed out a construction contract for its Pluto LNG Train 1 facility revamp to Monadelphous Group.

about 2 years ago
TCP Flowline; Source: Strohm
Oil & Gas

TotalEnergies employs Strohm on first-of-its-kind subsea assignment in Brazilian pre-salt

Strohm has tucked a new deal for the supply of TCP flowlines under its belt with TotalEnergies for an offshore field in the Santos Basin in the Brazilian pre-salt area.

about 2 years ago
Illustration; Source: GA Drilling
Oil & Gas

Petrobras goes on quest to slash costs and risks arising from deepwater drilling ops with technology

GA Drilling has entered into a technical cooperation program with Petrobras, targeting a revamp of the downhole drilling system.

about 2 years ago
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