TURKEY’s Energy and Natural Resources Minister Alparslan Bayraktar has disclosed that a Floating Storage Regasification Unit (FSRU) owned by the state-run energy company BOTAS has been loaned to Egypt, marking the first time such a unit from Turkey will operate abroad on a temporary basis. Bayraktar shared the update in a written statement following a […]

McDermott has successful completed the fabrication, construction, and offshore Floatover of the Scarborough floating production unit (FPU) topside and hull structures for Woodside Energy. The contract, awarded in 2021, followed the successful delivery of front-end engineering design for the Scarborough Energy Project’s FPU and includes engineering, procurement, construction, installation and commissioning (EPCIC) services. McDermott is delivering […]

VAALCO Energy has reported progressive operational results for the first quarter of 2025 across its African drilling campaigns in Egypt, Gabon, and Côte d’Ivoire. The company’s first quarter results have disclosed the acquisition of a 70% Working interest in the CI-705 block and will now become the operator of the block in offshore Côte D’Ivoire […]

TGS, a leading provider of energy data and intelligence, has announced a significant increase in acquisition activity in Northern Europe this summer. TGS has deployed four acquisition vessels in the region: three seismic vessels and one offshore wind vessel, doubling the Company’s capacity compared to 2024. All the three seismic streamer vessels have successfully mobilized, […]

Bellazir Energy Ltd., a forward-looking player in Nigeria’s downstream petroleum industry, was officially launched today at a landmark event held at the Radisson Blu Hotel, Victoria Island, Lagos. The company, led by Christabel Aniemeka, is poised to revolutionize fuel distribution in Nigeria through innovation, reliability, and a strong commitment to sustainability. “Today, we gather not […]

SLB announced the award of a substantial engineering, procurement, construction and installation (EPCI) contract by bp to its OneSubsea™ joint venture and Subsea7 for the Ginger project offshore Trinidad and Tobago. The Ginger project is the first project award under the new global framework agreement between bp and Subsea Integration Alliance partners SLB OneSubsea and […]

Kosmos Energy announced today its financial and operating results for the first quarter of 2025. For the quarter, the Company generated a net loss of $111 million, or $0.23 per diluted share. When adjusted for certain items that impact the comparability of results, the Company generated an adjusted net loss(1) of $105 million, or $0.22 […]

Under the patronage of His Excellency Eng. Salim bin Nasser Al Aufi, Minister of Energy & Minerals of the Sultanate of Oman, Patrick Pouyanné, Chairman and CEO of TotalEnergies, and Ahmed Al Azkawi, OQ Exploration and Production CEO, celebrated the ground-breaking of the Marsa LNG plant, in the port of Sohar, northern Oman, one year […]

Equinor Brasil Energia Ltda., a subsidiary of Equinor ASA, has entered into agreements(1) with Brazilian company Prio Tigris Ltda., a subsidiary of PRIO SA (PRIO3.SA) for a sale of its 60% operated interest in the Peregrino field in Brazil. PRIO, Brazil’s largest independent oil and gas company, will pay a consideration of USD 3.35 billion […]

Shell Offshore Inc. and Shell Pipeline Company (SPLC), subsidiaries of Shell plc (Shell), have completed the previously announced agreement to increase their stake in the Ursa platform in the Gulf of America from 45.3884% to 61.3484%. This acquisition is part of Shell’s strategy to invest in profitable and carbon-competitive oil and gas projects with a […]