Intermoor has secured a new three-year contract from Petrobras to provide inspection, maintenance and operational readiness services for offshore mooring and subsea infrastructure across Brazil. SourceContinue Reading
ExxonMobil Global Projects has selected Sercel’s SIMOPS platform to support pipelay and mooring installation campaigns on the Whiptail development in Guyana’s Stabroek Block, enhancing coordination of offshore operations. SourceContinue Reading
bp’s decision to market its UK North Sea business is fueling renewed calls for fiscal reform, with INEOS Energy Chairman Brian Gilvary warning that policy uncertainty is driving investment, jobs and production away from the basin. SourceContinue Reading
Nigeria has approved a $4.5 billion oil-backed financing agreement tied to future crude production, providing new funding for NNPC while supporting government infrastructure spending and strengthening foreign-exchange reserves. SourceContinue Reading
ADNOC and SLB have deployed an AI-enabled drilling platform across more than 120 onshore and offshore drilling rigs, enabling real-time operational oversight, faster decision-making and reduced drilling downtime. SourceContinue Reading
ExxonMobil and Chevron used record second-quarter profits to reduce debt rather than significantly increase share buybacks, signaling caution as geopolitical tensions and oil market uncertainty continue to shape the industry’s outlook. SourceContinue Reading
Oil prices fell after the United States and Iran signaled that discussions over reopening the Strait of Hormuz are continuing, raising hopes for increased Middle East crude exports despite ongoing shipping risks. SourceContinue Reading
The Texas Railroad Commission has partnered with the Texas A&M Engineering Extension Service to provide advanced fire prevention and electrical safety training for oil and gas inspectors, strengthening field oversight and wildfire risk mitigation. SourceContinue Reading
The U.S. Department of the Interior has proposed updates to the 2016 Arctic Exploratory Drilling Rule, aiming to streamline offshore oil and gas exploration on Alaska’s Outer Continental Shelf while maintaining federal safety and environmental oversight. SourceContinue Reading
ExxonMobil and Chevron used record second-quarter profits to reduce debt rather than significantly increase share buybacks, signaling caution as geopolitical tensions and oil market uncertainty continue to shape the industry’s outlook. SourceContinue Reading
