India’s largest explorer Oil and Natural Gas Corp. is seeking to diversify its portfolio to shield its core business from volatile oil prices, said Arunangshu Sarkar, director for strategy at the state-run giant. SourceContinue Reading

The North Sea Transition Authority raised its forecasts for investment and production in the coming years after 2024 figures were higher than expected. The NSTA said capex totaled £5.95 billion ($7.7 billion) last year, more than 50% above an October projection. SourceContinue Reading

Kent will provide strategic advisory and engineering services for the UK government’s Department for Energy Security & Net Zero (DESNZ) ENZPS Framework, as part of a framework agreement valued at up to £250 million (approx. $324 million USD). SourceContinue Reading

Tullow Oil will pump as much as it can from mature assets in West Africa this year as part of plans to bring debt below $1 billion. “In the year ahead, our priorities are to progress our refinancing plan and optimize our production activities,” Tullow said in a statement. SourceContinue Reading

Enteq Technologies has successfully completed its latest round of trials for The SABER Tool, its next-generation Rotary Steerable System (RSS) technology, at the Catoosa Test Facility. The testing phase reinforces the tool’s potential as a more reliable, lower-cost RSS for downhole environments. SourceContinue Reading

TechnipFMC has been awarded a large integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract by Equinor for the Johan Sverdrup Phase 3 development in the Norwegian North Sea. This latest phase will increase production by tying in additional wells to the current infrastructure, which is powered by low-emission resources onshore. SourceContinue Reading

Veolia Water Technologies today announced the launch of ToroJet™, a robust nutshell filtration system designed to meet the toughest produced water polishing needs in the oil and gas industry. SourceContinue Reading

Iraq is in talks with several companies to secure two floating storage regasification units (FSRUs) by early June, as OPEC’s second-biggest producer tries to address power shortages caused by a U.S. move against Iran. SourceContinue Reading

Shell will update its strategy on Tuesday, just a month after rival bp unveiled a fundamental “reset.” Analysts and investors will be looking for plans for growth at the company’s crucial liquefied natural gas business and reassurance on oil reserves. SourceContinue Reading

Namibian President Netumbo Nandi-Ndaitwah’s weekend cabinet reshuffle will bring oil and gas more directly under her control, as international explorers look to increase offshore discoveries. Drilling activity has grown since TotalEnergies and Shell made initial finds in 2022. SourceContinue Reading