The North Sea could produce about half of the oil and gas the UK will need in the run up to 2050 – but only if new projects can be developed, industry chiefs have said. As it stands Offshore Energies UK (OEUK) said the UK is on track to produce just four billion of the 13 to […]
INEOS Energy has announced the completion of the acquisition of the US Gulf business held by CNOOC Energy Holdings U.S.A. Inc., a U.S. subsidiary of CNOOC International. The deal increases INEOS Energy’s production globally to over 90 thousand barrels of oil equivalent per day and marks the third major investment by INEOS Energy in the […]
BW Energy has announced the extension of the Golfinho licence by Brazilian oil and gas regulator ANP. The production phase under the Golfinho concession contract has been extended to 2042 from previously 2031, following ANP’s approval of the Company’s field development plan in November 2024. “The extension supports our long-term plans for developing the Golfinho […]
Maurel & Prom (M&P) has announced that it has received a notification from the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) dated 28 March 2025, informing M&P that the specific license granted in May 2024 for its activities in Venezuela has been revoked. In connection with this decision, OFAC has issued […]
TotalEnergies has shown interest in enhancing its involvement in Ghana’s upstream oil and gas sector, focusing on opportunities in financing, processing, and marketing. This development arose from a recent meeting in GNPC’s office in Accra between Mr. Kwame Ntow Amoah, Acting Chief Executive Officer of the Ghana National Petroleum Corporation (GNPC), and a delegation from […]
McDermott announced the safe and successful completion of engineering, procurement, construction, installation, and commissioning (EPCIC) activities in the Gulf of Mexico for Shell Offshore Inc. (Shell), a subsidiary of Shell plc. to begin oil production at its Whale development. Awarded in 2021 and completed last month, the project leveraged McDermott’s marine assets, including its North […]
KOIL Energy Solutions a leader in providing controls infrastructure for subsea oil and gas fields, announced its expansion into Brazil, with a new technology center for manufacturing and service support in Macaé. “Macaé represents an exciting new chapter for KOIL Energy as we establish our presence in Brazil, the largest subsea market in the world,” […]
Shelf Drilling, Ltd. announced results for the fourth quarter and full year of 2024 ended December 31. The results highlights will be presented by audio conference call on March 3, 2025 at 6:00 pm Dubai time / 3:00 pm Oslo time. Fourth Quarter Results Adjusted revenues were $225.4 million in Q4 2024 compared to $264.7 […]
Shell Offshore Inc. and Shell Pipeline Company (SPLC), subsidiaries of Shell plc, have signed an agreement to increase their stake in the Ursa platform in the Gulf of America. This will increase Shell’s working interest (WI) in its operated Ursa platform, pipeline, and associated fields from 45.3884% to a maximum of 61.35%, following an agreement […]
Black Gold Exploration (BGX) announced that drilling has commenced on the Fritz 2-30 oil and gas well in Clay County, Indiana. Earlier this month, BGX acquired a 10% working interest in the Well and an option to participate in any offset developmental wells in a 210-acre area of mutual interest from the operator, Adler Energy, […]
