The NSTA and 17 North Sea operators have launched a joint effort to tackle a 500-well abandonment backlog, with greater use of vessels for subsea wellhead removals potentially cutting costs by 30%. SourceContinue Reading
Shell has lost its bid to renew an offshore exploration right along South Africa’s Wild Coast after the country’s Constitutional Court ruled against the oil major in a five-year legal dispute. SourceContinue Reading
Diversified Energy has confirmed early-stage talks over a potential acquisition of Birch Resources, as the U.S. producer continues an acquisition strategy that has delivered 35 deals valued at more than $7 billion since 2017. SourceContinue Reading
Aker BP’s Yggdrasil development has reached another milestone as Mammoet completed the heavy-lift and load-out campaign for the Munin topsides at Aibel’s Haugesund yard, clearing the structure for offshore sailaway. SourceContinue Reading
XRG is entering Venezuela through an interest in the offshore Loran gas license alongside bp and UCC, giving the ADNOC-backed company exposure to more than 4 Tcf of proven gas resources. SourceContinue Reading
ExxonMobil has used artificial intelligence and advanced subsurface analysis to identify four new exploration opportunities in Guyana’s Stabroek Block as the operator advances additional drilling offshore. SourceContinue Reading
Suriname’s deepwater sector is gaining momentum as TotalEnergies advances the GranMorgu development and recent PETRONAS discoveries add to exploration potential across the Guyana-Suriname basin. SourceContinue Reading
Indonesia Energy’s K-29 well has drilled past 2,500 ft and is approaching its targeted reservoir interval at the Kruh Block in Sumatra, with the company preparing to move next to the WK-5 well. SourceContinue Reading
Petro-Victory Energy increased oil production 128% to 583 bpd during its first year at Capixaba Energia in Brazil while cutting production costs 37% and identifying new reservoir opportunities. SourceContinue Reading
bp has awarded Emerson a multi-million-dollar automation contract for the $2.9 billion Shah Deniz Compression project offshore Azerbaijan, designed to unlock additional gas and condensate from the Caspian Sea field. SourceContinue Reading
