XRG, PETRONAS and the Turkmenistan State Enterprise Hazarnebit have signed a new Production Sharing Contract (PSC) with the State Concern Turkmennebit for the offshore “Block I” gas and condensate fields in Turkmenistan. SourceContinue Reading
McDermott has successfully completed fabrication, construction, and offshore floatover of the Scarborough floating production unit (FPU) topside and hull structures for Woodside Energy. SourceContinue Reading
XRG, PETRONAS and the Turkmenistan State Enterprise Hazarnebit have signed a new Production Sharing Contract (PSC) with the State Concern Turkmennebit for the offshore “Block I” gas and condensate fields in Turkmenistan. SourceContinue Reading
Eni has started gas production from the Merakes East field, in the Kutei basin, offshore Indonesia. The field will contribute up to 100 MMscfd of gas or approx. 18,000 boed to Eni’s production. This startup is another example of fast-track development as the field was brought on production approximately two years from FID. SourceContinue Reading
Colombia’s oil and gas association urged authorities to take “urgent action” after a surge in sabotage attacks on critical energy infrastructure. A group broke in and set fire to the Quifa field facilities in central Colombia on Monday, the ACP said in a statement. SourceContinue Reading
Nexos, a leading EPC provider for the offshore energy sector, has announced a strategic expansion into onshore energy projects. The move is bolstered by a 300-person strong onshore services division, positioning nexos as a key player in the energy transition. SourceContinue Reading
EnerMech has appointed Tony McAnulty as its Chief Operating Officer (COO), a new role within the business with a focus on driving market share, operational efficiency and customer satisfaction. SourceContinue Reading
Tullow Oil has formerly signed an agreement with Gabon Oil Company to sell 100% of its working interests in Gabon for total cash consideration of $300 million (USD). The agreement follows an announcement made in March 2025 discussing terms of the deal. SourceContinue Reading
The alliance integrates ZENRG’s industry-leading cross-compression capabilities with TDW’s extensive pipeline service offerings, including hot tapping and isolation, pigging, in-line inspection and repair. SourceContinue Reading
Brazil’s state-controlled oil producer Petrobras approved dividends slightly below expectations amid a trade war that has created economic uncertainty and undermined oil prices. SourceContinue Reading
