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Oil & Gas

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Fossil EnergyBusiness & FinanceBusiness Developments & ProjectsAuthorities & GovernmentExploration & ProductionRegulation & PolicyRules & RegulationHydrogenLow-Carbon TransitionSubseaTransport & StorageProject & TendersTransitionFPSO & VesselsOperations & MaintenanceFPSORigsLiquefied Natural GasHuman CapitalOutlook & StrategyPipesProduction & ProcessingEnvironmentTechnology
An offshore platform
Oil & Gas

Trident kicks off the new year with fresh Congo acreage

UK-headquartered oil and gas company Trident Energy has completed the acquisition of Chevron’s Congolese subsidiary and its in-country assets and a working interest in two fields from TotalEnergies off the coast of Congo.

about 1 year ago
Gjøa; Source: Vår Energi
Oil & Gas

‘Great’ oil & gas exploration appetite bears fruit as Norway awards 53 new production licenses

As part of the award in the pre-defined areas 2024 (APA 2024) round, Norway’s Ministry of Petroleum and Energy has offered 53 production licenses to 20 oil and gas companies for further hydrocarbon exploration activity on the Norwegian Continental Shelf (NCS).

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about 1 year ago
Map showing the planned location of MESH and the existing energy infrastructure and projects surrounding it; Source: EnergyPathways
Oil & Gas

UK’s ‘largest’ gas and hydrogen energy storage project on track for FID in 2025

EnergyPathways has made progress in making its proposed large-scale energy storage project in the East Irish Sea ready for a final investment decision (FID) later this year by securing operatorship for a block encompassing the project and picking a compatriot contractor to handle engineering study f

about 1 year ago
Man seen from behind standing inside a metal tank
Oil & Gas

GTT lands tank design gig for 6 very large LNG carriers

French technological containment specialist Gaztransport & Technigaz (GTT) has received an order from Chinese shipbuilder Hudong-Zhonghua, a subsidiary of China State Shipbuilding Corporation (CSSC), for the tank design of six new very large liquefied natural gas carriers (LNGCs).

about 1 year ago
FPSO Atlanta joined the Malaysian FPSO player's fleet as the third managed unit operating off the coast of Brazil; Source: Yinson Production
Oil & Gas

$1 billion liquidity injection comes Yinson Production’s way to bankroll FPSO player’s growth aspirations

A new investment shot that will be poured into Yinson Production has been secured with a consortium of international investment firms to pave the way for the Malaysian giant’s growth journey, with a smaller slice of the $1 billion equity financing pie earmarked for the controlling shareholder.

about 1 year ago
Tyra II; Source: TotalEnergies
Oil & Gas

TotalEnergies bumps plateau production at giant North Sea gas project to month-end

TotalEnergies has revised its plateau production timeline as ramp-up activities continue to ensure all fields will be up and running at full capacity at its natural gas redevelopment project in the Danish sector of the North Sea.

about 1 year ago
Illustration; Source: Proper Marine
Oil & Gas

Norwegian player bolsters design and engineering across maritime & offshore energy arenas with Brazilian firm buy

ABL Group has enlarged its capabilities in the engineering and design segments of the maritime and offshore energy landscape by bringing Proper Marine, a Brazil-based naval architecture and engineering consultancy, into its fold, which enables the latter to merge with the Norwegian company’s design

about 1 year ago
Shell has hired SLB for multi-region deepwater work across several assets; Source: SLB
Oil & Gas

Shell taps SLB for ‘major’ multi-region deepwater drilling gigs

SLB has landed a batch of new deals with Shell to handle drilling assignments, spanning several regions, including the UK sector of the North Sea, Trinidad and Tobago, and the Gulf of Mexico alongside others.

about 1 year ago
Shah Deniz Alpha platform; Source: BP
Oil & Gas

BP expands 70-year relationship with US firm through deal spanning its global energy portfolio

U.S.-headquartered science, technology, and engineering player KBR has secured a global agreement, which builds upon the duo’s decades-long relationship with BP, the UK-based energy giant.

about 1 year ago
An office building with a rainbow over it
Oil & Gas

Duo stepping in to steady the ship at Galp until new CEO is picked

Portugal’s oil and gas company Galp has appointed two board members as interim Chief Executive Officers (CEOs) following the resignation of the firm’s previous leader.

about 1 year ago
Shah Deniz Alpha platform off the coast of Azerbaijan; Source: BP
Oil & Gas

BP shuts down production at offshore platform, Azerbaijan cuts off gas supplies to Bulgaria and Serbia

A pipeline malfunction has forced BP, the UK-headquartered energy giant, to temporarily stop production from a platform at one of the world’s largest gas-condensate fields and the company’s largest gas discovery ever.

about 1 year ago
Subsea7 takes on FEED work to help unlock North Sea field’s oil & gas
Oil & Gas

Subsea7 takes on FEED work to help unlock North Sea field’s oil & gas

Subsea7 has secured a contract with Norway’s state-owned energy company Equinor to deliver a study that will finalize the technical definition of the proposed subsea development at a field off Norway before the final investment decision (FID) is reached. Subsea 7 has been appointed to deliver a fron

about 1 year ago
Buzzard oil & gas field in the UK North Sea; Source: CNOOC Petroleum Europe
Oil & Gas

UK hits Chinese oil & gas giant’s European arm with £125K fine in flaring and venting clampdown

North Sea Transition Authority (NSTA) has imposed a penalty of £125,000 on a European affiliate of China’s state-owned oil and gas giant for breaching its venting consent on two separate occasions at a field located 60 miles northeast of Aberdeen.

about 1 year ago
Aerial view of a shipyard
Oil & Gas

Korean duo picks TMC Compressors for 32 ships set to work for ‘LNG shipping major’

Norway-based TMC Compressors has been hired by South Korea’s Samsung Heavy Industries (SHI) to supply marine compressed air systems for a set of liquefied natural gas (LNG) carriers the latter is building for an undisclosed national energy company.

about 1 year ago