Brent crude surged above $100 per barrel for the first time since 2022 as tanker attacks and shipping disruptions near the Strait of Hormuz triggered the largest supply shock in oil market history. SourceContinue Reading
Rex International reported average February production of 10,300 boepd from assets in Norway, Oman and Germany, with the Brage field offshore Norway contributing the majority of output. SourceContinue Reading
Gas injection has begun on the Petrobras P-78 FPSO at the Búzios field offshore Brazil, marking another milestone for one of the largest deepwater developments in the Santos basin. SourceContinue Reading
RWE has completed the sale of its 350-MW Baltic II offshore wind development project in the Polish Baltic Sea to PGE, transferring full ownership and environmental approvals for the adjacent project site. SourceContinue Reading
Equinor is preparing to launch drilling operations at the Rosebank field west of Shetland, part of a major UK offshore development that will include subsea wells tied back to a redeployed FPSO. SourceContinue Reading
Assala Energy has encountered hydrocarbons at the Magoga-A exploration well in the Mutamba Iroru Licence II offshore Gabon, confirming an 8-meter hydrocarbon interval in the Gamba Sandstone formation. SourceContinue Reading
TotalEnergies has restarted production at Libya’s Mabruk oil field with a new 25,000-bpd facility, marking the return of output from the onshore field after operations halted in 2015. SourceContinue Reading
Oceânica Engenharia has secured $736 million in long-term offshore service contracts with Petrobras, covering subsea support vessels and ROV operations for inspection, maintenance and intervention work through 2031. SourceContinue Reading
JERA has agreed to transfer its equity interests in Australia’s Gorgon and Ichthys LNG projects to MidOcean Energy as part of a portfolio realignment while maintaining LNG procurement from both facilities. SourceContinue Reading
World Oil/Gulf Energy Information’s Deepwater Development Conference continued in high gear in Lisbon on Wednesday, featuring a Contractors’ Panel, two solo speakers, and three themed technical sessions. The participants represented a wide mix of service companies and operators. SourceContinue Reading
