AquaTerra Group been awarded two separate contracts with bp and Ithaca Energy to support a number of their North Sea assets. A three-year contract will see AquaTerra providing specialist access and access led maintenance services across bp’s North Sea portfolio. SourceContinue Reading
The methane intensity of oil and gas production in the Permian basin declined by more than 50% during the 2022-2024 period according to a new analysis by S&P Global Commodity Insights. SourceContinue Reading
ABS Consulting has announced a strategic collaboration with Ultimo to deliver end-to-end implementation, data integration and ongoing support for Ultimo’s cloud-based EAM platform, serving clients in global energy, logistics and manufacturing. SourceContinue Reading
Chevron Corp. is cutting almost 650 jobs in the Houston area and North Dakota after completing the $53 billion takeover of Hess Corp. A Chevron spokesperson confirmed the job cuts in an email on Wednesday. SourceContinue Reading
Trendsetter Engineering has secured a contract award for the delivery of four 15K horizontal subsea tree systems, associated tooling and installation services to a major Gulf of America/Gulf of Mexico operator. SourceContinue Reading
Expro on Wednesday announced the launch of its most advanced BRUTE® High-Pressure, High Tensile Packer System, designed to help operators work more efficiently and confidently in the extreme conditions of deepwater wells. SourceContinue Reading
Upstream M&A decelerated in the second quarter of 2025, with value falling 21% quarter-over-quarter to $13.5 billion, according to Enverus Intelligence Research (EIR) summary of Q2 2025 upstream M&A activity and outlook for the rest of the year. SourceContinue Reading
Global supply of liquefied natural gas is set to surge the most since 2019 next year, primarily driven by production additions in North America, the International Energy Agency said. SourceContinue Reading
TotalEnergies has announced the start of production from the BEGONIA and CLOV Phase 3 offshore Angola projects, which together will add a total of 60,000 bpd of new production. SourceContinue Reading
OMV Petrom and NewMed Energy have awarded a drilling rig contract to Noble Corporation for the drilling of two offshore exploration wells in the Black Sea, offshore Bulgaria. Two exploration wells will be drilled on the Han-Asparuh Block with the selected ultra-deepwater drillship, Globetrotter I. SourceContinue Reading
