Subsea7 has been awarded a large contract by Equinor’s Fram Sør development. The project work scope covers EPCI of subsea structures and flowlines including 53 km of production, gas lift and water injection lines. SourceContinue Reading
Chevron is cutting drill rigs and frac crews in the Permian basin as it approaches its long-term target of producing 1 million boed in the region. “We’re going from growth to cash generation,” said Bruce Niemeyer, who heads up Chevron’s shale business. SourceContinue Reading
EnerMech has been awarded a two-year crane operations & maintenance (O&M) contract extension to continue supporting a North Sea operator. The additional campaign reinforces the global technical solutions specialist’s successful delivery of core crane expertise such as crane mechanics and operators, as well as all planned maintenance, reactive and breakdown support, and project work both...Continue Reading
Activity is slowing in U.S. oil fields as drillers remain in the crude-price danger zone for profits, according to one of the biggest investors of private operators in the shale patch. SourceContinue Reading
The Association of the Petroleum Industry of Kurdistan (APIKUR) has spoken out condemning attacks on oil production sites operated by APIKUR member companies in Iraq’s Kurdistan Region that occurred on July 15 and July 16, 2025. SourceContinue Reading
Seatrium Limited has announced the impending delivery of the P-78, the first of a series of turnkey FPSOs to Brazil’s Petrobras. Upon delivery, the P-78 will be deployed in Brazil’s prolific Buzios field, the largest global deepwater oil field. SourceContinue Reading
Venture Global and Itay’s Eni today announced the execution of a new Sales and Purchase Agreement (SPA) for the purchase of 2 MMtpa of liquefied natural gas (LNG) from CP2 LNG, Venture Global’s third project, for 20 years. This deal marks Eni’s first ever long-term agreement with a U.S. LNG producer. SourceContinue Reading
EnQuest has been awarded a Production Sharing Agreement (PSA) for Block C in Brunei by the Petroleum Authority of Brunei Darussalam (PABD). Block C is located offshore Brunei Darussalam and hosts the condensate-rich gas discovered fields of Merpati, Meragi and Juragan. SourceContinue Reading
SLB has completed its previously announced $7.8 billion acquisition of ChampionX, enhancing its oil production and recovery portfolio. The announcement follows a period of regulatory delays amid competition concerns, with the final regulatory hurdle being cleared yesterday by UK’s Competition and Markets Authority. SourceContinue Reading
Senior leaders from government and industry will set the tone for SPE Offshore Europe 2025, opening the event with a 90-minute plenary session at P&J Live, Aberdeen from 2-5 September 2025 under the theme ‘Unlocking Europe’s Potential in Offshore Energy.’ SourceContinue Reading
