A federal jury in the Southern District of Texas has ruled in favor of Marathon Oil in a high-stakes natural gas trading dispute stemming from Winter Storm Uri. The jury rejected a $123.7 million breach-of-contract counterclaim filed by Koch Energy Services. SourceContinue Reading

Zephyr Energy has announced successful initial results from the production test on the State 36-2 LNW-CC-R well at the company’s flagship project in the Paradox basin, Utah. SourceContinue Reading

Due to run for five-years, with a further two one-year extension options, the extension of the existing supply contract means more than 10 UK North Sea assets will continue to benefit from Dräger’s industry leading portable gas detection and breathing apparatus systems. SourceContinue Reading

ABS issued an approval in principle to SBM Offshore for its near zero FPSO concept. The NearZero FPSO design incorporates low carbon technologies that collectively create a “near zero” Scope 3 carbon emissions profile, achieving up to 80% reduction in GHG emissions. SourceContinue Reading

Although the deepwater sector may be traversing a few rough spots at present, the general outlook over the next few years remains solidly positive. That’s the theme of comments made by Scott Livingston, NOV’s President of Energy Products and Services, during a session on Day 2 of OTC. SourceContinue Reading

Sentinel Subsea has successfully completed a six-figure project involving deploying two WellSentinel™ Coral systems for a key operator in the North Sea. This project supports a large-scale drilling operation and is a significant milestone in the company’s ongoing efforts to enhance offshore safety and operational efficiency. SourceContinue Reading

In a session titled “Offshore Production and Recovery: The Value of a Holistic Approach,” SLB’s President of Production Systems, Paul Sims, gave his take on key factors affecting the current offshore energy landscape, as well as SLB’s latest strategies and innovations. SourceContinue Reading

Viridien has sold its Sercel Marlin™ Offshore Logistics management solution to Oil and Natural Gas Corporation (ONGC) to enhance operational efficiency and safety across its Western offshore E&P operations in India. SourceContinue Reading

Kazakhstan is weighing options to comply with OPEC+ obligations to cut production, after Saudi Arabia doubled down on its efforts to bring quota-cheats in line. Kazakhstan previously agreed at a May OPEC meeting to reduce production to 1.5 million bpd in June. SourceContinue Reading

Sentinel Subsea has successfully completed a six-figure project involving deploying two WellSentinel™️ Coral systems for a key operator in the North Sea. This project supports a large-scale drilling operation and is a significant milestone in the company’s ongoing efforts to enhance offshore safety and operational efficiency. SourceContinue Reading