U.S. President Donald Trump criticized the UK’s North Sea oil tax regime and green energy push in a UN speech, warning that Prime Minister Keir Starmer’s policies risk shutting down new offshore development. SourceContinue Reading

SLB will acquire RESMAN Energy Technology, adding world-leading tracer and reservoir surveillance solutions to its portfolio. The deal strengthens SLB’s production optimization and recovery capabilities for oil, gas, and emerging CCS projects. SourceContinue Reading

Viking Completion Technology has achieved a key milestone in North Africa after delivering upper completion equipment for an onshore oil project, underscoring the company’s growing role in the region’s upstream sector. SourceContinue Reading

Condor Energies has launched a multi-well drilling program in Uzbekistan as the Canadian independent looks to expand natural gas production and reserves across its portfolio in Central Asia. SourceContinue Reading

Petrofac has extended its long-running partnership with Ithaca Energy, winning a two-year, $50 million contract renewal to provide integrated services across the operator’s UK North Sea portfolio. SourceContinue Reading

Forum Energy Technologies has introduced ICE Unity, its advanced ROV control system designed to streamline offshore operations. The system features a unified user interface, remote monitoring, predictive maintenance, and compatibility across FET’s full ROV fleet. SourceContinue Reading

ExxonMobil has approved the $6.8 billion Hammerhead development offshore Guyana, marking its seventh project in the Stabroek block. The development will add 150,000 bopd starting in 2029, boosting total block capacity to 1.5 million bopd. SourceContinue Reading

ExxonMobil has approved the $6.8 billion Hammerhead development offshore Guyana, marking its seventh project in the Stabroek block. The Hammerhead FPSO will add 150,000 bopd starting in 2029, boosting total block capacity to 1.5 million bopd. SourceContinue Reading

Angola’s crude oil output rebounded to 1.03 million bpd in August, surpassing the 1 million mark after slipping in July. The government aims to sustain production levels as it prepares a new licensing round—the final under its multi-year concession strategy. SourceContinue Reading

BW Offshore has achieved first gas on the BW Opal FPSO at Santos’ Barossa LNG project offshore Australia. The FPSO, designed to process 850 MMscf/d of gas and 11,000 bpd of condensate, marks a key milestone ahead of full operations under its 15-year charter. SourceContinue Reading