MODEC, a leading floating solutions provider in the global FPSO industry, has opened its new execution center in Kuala Lumpur, affirming its commitment to Malaysia as a strategic hub for regional business operations and innovation. SourceContinue Reading
TotalEnergies has signed a Sales and Purchase Agreement (SPA) with NextDecade to buy 1.5 million tons per annum (Mtpa) of liquefied natural gas (LNG) from the future Train 4 liquefaction unit at the Rio Grande LNG facility. SourceContinue Reading
Brazil’s oil regulator is set to grant exploration rights in a promising offshore region where state-controlled oil producer Petrobras has faced a years-long dispute with environmental authorities to start drilling. According to the ANP, 31 companies are registered and able to bid, including Petrobras, ExxonMobil, Shell, Chevron, Equinor and bp. SourceContinue Reading
ROGII, a global expert in advanced geosteering and subsurface analytics, has secured a partnership with Petrobras to apply real-time inversion technology to enhance operational efficiency and optimize reservoir performance. SourceContinue Reading
OPEC cut forecasts for global oil demand growth slightly this year and next as President Donald Trump’s tariff onslaught takes a toll on consumption, while remaining more bullish than other forecasters. SourceContinue Reading
EnerMech has been awarded a three-year cranes and lifting services contract for the Anasuria floating production storage and offloading (FPSO) vessel, located 127km east of Aberdeen in the central North Sea. SourceContinue Reading
BW Energy has made its final investment decision (FID) for the Golfinho Boost project, aiming to increase uptime, reduce operating expenses and add approximately 3,000 bpd of incremental oil production from 2027 at the Golfinho field offshore Brazil. SourceContinue Reading
Öresundskraft and INEOS will jointly investigate the opportunity to store up to 210,000 tonnes of CO₂ annually from Sweden in Denmark. The captured CO₂ is planned for safe and permanent storage in Greensand storage facility located in the Danish North Sea. SourceContinue Reading
bp today announced an oil discovery at the Far South prospect in the deepwater U.S. Gulf of America/Gulf of Mexico. This discovery underscores bp’s renewed focus on upstream exploration, part of its strategy reset announced in February 2025. Chevron co-owns the Far South prospect with 42.5% interest. SourceContinue Reading
bp today announced an oil discovery at the Far South prospect in the deepwater U.S. Gulf of America/Gulf of Mexico. This discovery underscores bp’s renewed focus on upstream exploration, part of its strategy reset announced in February 2025. Chevron co-owns the Far South prospect with 42.5% interest. SourceContinue Reading
