Oslo-listed Vaar Energi, majority-owned by Italy’s Eni, kept its quarterly dividend unchanged on Tuesday after lifting its output target and posting a higher-than-expected operating profit, even as weaker oil and gas prices weighed on earnings…
Saipem’s first resident underwater drone Hydrone-R has completed an autonomous survey mission over the Arctic coral area of the Njord field offshore Norway, operating without cables or surface vessel support.Hydrone-R Underwater Intervention Drone carried out the mission independently…
Brazil's state-run oil firm Petrobras has acquired a 42.5% stake in Block 2613, offshore Namibia.The transaction was carried out in partnership with TotalEnergies, which also acquired 42.5% and will act as the operator of the block.TotalEnergies…
BW Energy has informed that one of the existing joint venture partners in Angola's offshore blocks 14 and 14K has indicated its intention to exercise pre-emption rights in relation to the previously announced acquisition agreement.BW Energy…
Chevron has signed a memorandum of understanding, or an initial agreement, with the Syrian Petroleum Company and the Qatari firm UCC Holding to evaluate exploration for oil and gas offshore Syria, a spokesperson for the U.S. major said on Wednesday…
Seatrium has completed divested its AmFELS Yard located at Brownsville in Texas to Karpower Valley, a related party of Karpowership.The divestment, first announced in September 2025 and completed on January 30, 2026, will allow Seatrium to enhance capital and operational efficiencies…
McDermott has secured a decommissioning definition engineering contract by QatarEnergy for Qatar’s inaugural offshore decommissioning initiative.Under the contract scope, McDermott will develop a comprehensive technical and commercial framework…
Shell Nigeria Exploration and Production Company has begun planned maintenance on its Bonga deepwater oil vessel, a move that will temporarily cut Nigeria’s oil export capacity by about 225,000 barrels per day but could extend the asset’s lifespan…
Lukoil had agreed to sell most of its foreign assets, estimated to be worth around $22 billion, to U.S. private equity firm Carlyle Group pending approval from the U.S. government, Russia's No. 2 oil producer said on Thursday.Under U.S. sanctions because of Russia's actions in Ukraine…
Worley has been selected by Equinor to enter into a framework agreement to provide offshore support services for selected oil and gas facilities on the Norwegian Continental Shelf.The framework agreement is expected to cover offshore maintenance…
Brazilian state-run oil firm Petrobras said on Wednesday its estimated proven reserves of oil, condensate and natural gas rose to 12.1 billion barrels of oil equivalent (boe) in 2025, from 11.4 billion in 2024.In a securities filing, the company…
A joint venture between Nigeria’s state oil company Nigerian National Petroleum Company (NNPC) and Chevron Nigeria Limited (CNL) has confirmed hydrocarbons across multiple reservoir zones following the drilling of the Awodi-07 appraisal and…
Beacon Offshore Energy has started oil and gas production from its Zephyrus field in the U.S. Gulf of America, with output from the initial well beginning in late December 2025.The Miocene-aged development is located in Mississippi Canyon Block 759…
Germany’s RWE and Nordic renewables company Aneo have signed a transaction agreement for the sale of RWE’s Swedish wind activities, including its operational Karehamn offshore wind farm, as the utility refocuses on markets offering large-scale renewable growth…
Chevron plans to close a deal to sell its oil refining and distribution assets in Singapore in the first quarter of the year as it engages in a final round of talks with Japanese refiner Eneos and Glencore, four sources with knowledge of the matter said…
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