Eco (Atlantic) Oil & Gas Ltd. announced completion of its transaction with Africa Oil Corp. and Africa Oil SA Corp (AOSAC) for the sale of a 1% Participating Interest in Block 3B/4B, and replacement of a member of the board. SourceContinue Reading

According to a new report from national law firm Lathrop GPM, oil and gas (O&G) decision makers are grappling with carbon reduction initiatives and AI readiness—as well evaluating potential mergers and acquisitions (M&A) to drive new efficiencies. SourceContinue Reading

CHC Helikopter Service, the Norwegian division of CHC Helicopter and a leading provider of offshore transportation solutions, has entered a $500 million strategic partnership with Aker BP to support its offshore helicopter activity in Norway. SourceContinue Reading

KBR announced it has been awarded a global agreement by bp for engineering, procurement and construction management (EPCM) services. Under terms of the contract, KBR will provide EPCM services for three years with an option to extend. SourceContinue Reading

Prosafe has signed a contract extension with Petróleo Brasileiro S.A. (Petrobras) for the provision of the Safe Zephyrus semi-submersible vessel for safety and maintenance support offshore Brazil. SourceContinue Reading

LLOG Exploration Company, a privately-owned exploration and production company focused on the deepwater Gulf of Mexico, has announced the achievement of several significant milestones in the construction of the Salamanca Floating Production Unit (FPU). SourceContinue Reading

Aquajet has introduced a new support system designed to enhance the capabilities and flexibility of Hydrodemolition robots in challenging environments. The system centers around the upgraded Aqua Spine 3.0, an extendable rail system that attaches easily to any surface. SourceContinue Reading

Perma-Pipe announced it has received a formal letter of award for a development project located in the GCC region. Perma-Pipe will provide thermal insulation, anti-corrosion coatings, and other services from its Abu Dhabi facility. SourceContinue Reading

Shell has announced that oil discovered offshore Namibia in PEL 39 cannot be currently confirmed for commercial development. As such, the company will write down $400 million, citing technical and geological difficulties. SourceContinue Reading

TotalEnergies, Basra Oil Company and QatarEnergy broke ground on a $250 million project to capture gas from the Ratawi oil field in Southern Iraq. The planned facility will process 50 million cu. ft. per day of gas that was previously flared, TotalEnergies stated. SourceContinue Reading