Equinor, Aker BP and Vår Energi have established a strategic exploration collaboration to pursue some of the largest remaining oil and gas opportunities on the Norwegian continental shelf (NCS).The aim is to increase the chances of major discoveries that can support new standalone field developments and long-term value creation.The companies have agreed to combine expertise, data, technology and exploration capacity to pursue selected high impact exploration opportunities…
Oil prices fell more than $2 a barrel on Wednesday as talks between Iran and Oman revived hopes that the Strait of Hormuz could reopen and remove shipping constraints affecting supply in the key Middle East region.Brent crude futures LCOc1 fell $2…
An Alaska federal judge on Monday threw out a lawsuit by environmental groups challenging President Donald Trump’s move to allow offshore drilling along broad swaths of previously protected coastline.U.S. District Judge Sharon L. Gleason found the lawsuit by groups…
Energy data and intelligence firm TGS has secured a one-month extension to the largest seismic streamer acquisition contract offshore Indonesia.The extension is scheduled to begin in August. TGS is conducting the job using Ramform Sovereign…
French oil major TotalEnergies will appoint a new exploration manager in Stavanger, Norway, to examine new projects in the country, its CEO said on Norwegian television on Monday.'The Norwegian continental shelf is a very prolific basin, we see it as having potential for the future…
Just two tankers transited the key energy chokepoint of the Strait of Hormuz on Monday, for the lowest daily tally of commodity vessels since early May, with both entering the Gulf, shipping data showed.The figure was also well below the 10-day average of 14…
Woodside Energy on Tuesday abandoned a longer-term emissions target and $5 billion in planned clean energy spending by 2030 to focus on its core oil and gas business after reporting a 7% rise in first-half profit.The Australian company will…
Everllence has signed a contract with a Turkish shipyard within the high-speed segment. The contract comprises 16 × 175D gensets bound for 4 × Rampage 6000‑DE offshore terminal tugs designed by Robert Allen.These will be operated by Smit Lamnalco…
The fifth floating oil production facility for a consortium led by U.S. energy major Exxon Mobil in Guyana has arrived in Guyanese waters, according to vessel monitoring data on Thursday.The Errea Wittu FPSO, built by Japanese firm MODEC in Singapore…
MFE Inspection Solutions has partnered with IVM Technologies, becoming IVM’s first authorized U.S. distributor for its HYDRO Series.Through MFE Offshore, U.S. offshore and subsea teams will gain access to these photogrammetry systems for creating accurate 3D models of underwater assets…
TGS has been awarded a streamer acquisition contract in the Mediterranean. A Ramform Titan-class vessel is scheduled to mobilize in the fourth quarter of 2026, with the survey expected to have a duration of approximately 110 days.Kristian Johansen…
The U.S. Interior Department on Monday proposed a sale this year of deep-sea mining leases in U.S. waters surrounding the Northern Mariana Islands, the latest step in President Donald Trump's push to expand domestic supplies of critical minerals…
ExxonMobil awarded about $1.1 billion worth of pre-investment contracts for certain upstream equipment for the Rovuma LNG Phase 1 project in Cabo Delgado.The U.S. oil major awarded the contracts on behalf of the so-called Area 4 partners, which…
Deployable Energy has signed a Memorandum of Understanding with Hornbeck Offshore to transform five strategic maritime and offshore markets through the utilization of Deployable Energy's Unity Nuclear Battery. Hornbeck Offshore has also made a strategic investment in Deployable Energy…
ExxonMobil Moçambique, Limitada, on behalf of the Area 4 co-venturers, (ENH, CNPC, ENI, KOGAS and XRG), has awarded approximately US$1.1 billion in pre-investment contracts for critical long-lead upstream equipment supporting the Rovuma LNG Phase 1 development in Cabo Delgado…
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