SBM Offshore has signed an operations and maintenance contract with TotalEnergies for the FPSO GranMorgu. The contract marks a significant milestone as SBM Offshore becomes the first FPSO operator in Suriname. SourceContinue Reading
Namibia will offer financial incentives to help kick-start the development of oil fields managed by a group led by TotalEnergies, according to a special adviser in the presidency. Namibia is targeting first oil output in the next five years, SourceContinue Reading
Expro has been commissioned by UK’s Northern Endurance Partnership (NEP) to provide critical services that will be needed to appraise two wells in the Endurance reservoir for future CCS suitability. SourceContinue Reading
As part of the collaboration, Petronas will deploy Halliburton Landmark’s DecisionSpace® 365 Geosciences Suite and Unified Ensemble Modeling solutions with the objective to unify exploration and development workflows and accelerate time to first oil. SourceContinue Reading
During its June 2025 Commissioners’ Conference, the Railroad Commission of Texas (RRC) assessed over $1.4 million in penalties on oil and gas operators for violations. The RRC is the state agency responsible for regulating the oil and gas industry in Texas, including pipeline safety. SourceContinue Reading
U.S. oil inventories dropped 11.5 million barrels in the week through June 13, the steepest slide since late June 2024, according to data released Wednesday by the U.S. Energy Information Administration (EIA). SourceContinue Reading
The contract includes a firm commitment to drill two exploration wells, targeting drill-ready prospects that offer significant resource potential and are strategically positioned to unlock synergies with Petronas’ existing operations in Suriname. SourceContinue Reading
DNV’s latest service specification, DNV-SE-0696, provides a structured methodology to de-risk CCUS projects across design, construction, and operation—addressing a key industry need as carbon capture scales globally. SourceContinue Reading
Oil swung in a turbulent session amid speculation the U.S. may join the Middle East conflict. The oil market’s main concerns are flows from Iran and the threat to vessel traffic in the Strait of Hormuz, through which about a quarter of the world’s crude shipments flow. SourceContinue Reading
The provision would allow energy companies subject to a 15% corporate alternative minimum tax to deduct certain drilling costs when calculating their taxable income. Companies including ConocoPhillips, Ovintiv Inc. and Civitas Resources, Inc. lobbied in favor of it. SourceContinue Reading
