Companies hired by TotalEnergies SE to build a $20 billion gas project in northern Mozambique have started preparing to resume work on the venture, four years after it was suspended because of a militant insurgency, according to people familiar with the matter. SourceContinue Reading
U.S. oil and gas company VAALCO Energy is refurbishing its FPSO facility at the Baobab field in Block CI-40, offshore Ivory Coast, African Energy Chamber announced. The modernization is set to increase production and extend the field’s economic life. SourceContinue Reading
OPEC+ will increase oil production even more rapidly than expected next month, as the group led by Saudi Arabia seeks to capitalize on strong summer demand in its move to reclaim market share. Eight key alliance members agreed to raise supply by 548,000 bpd at a conference on Saturday. SourceContinue Reading
Petrobras is considering the sale of its onshore operations in Brazil’s northeastern Bahia state, CEO Magda Chambriard said. Production on the Polo Bahia Terra is too expensive given that it yields less than a single well in the deepwater pre-salt region. SourceContinue Reading
Subsea7 has secured a sizeable contract for offshore Egypt to conduct engineering, procurement, commissioning and installation of flexible pipelines, umbilicals, and associated subsea components for a tie back to existing infrastructures. SourceContinue Reading
President Donald Trump secured a sweeping shift in U.S. domestic policy as the House passed a $3.4 trillion fiscal package that cuts taxes, curtails spending on safety-net programs and reverses much of Joe Biden’s efforts to move the country toward a clean-energy economy. SourceContinue Reading
Longitude Engineering has landed a contract to provide detailed engineering and project management services for Petroleum Marine Services (PMS), the main EPIC contractor for the Phase XI Deepwater Project of the West Delta Deep Marine (WDDM) concession. SourceContinue Reading
EnerMech has been awarded a three-year fixed term contract with a further extension options by Dana Petroleum. The contract covers the provision of Offshore Shutdown Support Services for the Triton FPSO vessel located in the UK North Sea. SourceContinue Reading
National Ocean Industries Association (NOIA) President Erik Milito issued a statement on Thursday as the One Big Beautiful Bill Act (OBBBA) heads to U.S. President Trump’s desk for signature. “With President Trump’s signature, OBBBA will restore certainty to the offshore oil and gas leasing process,” Milito said. SourceContinue Reading
Venture Global on Thursday announced the execution of a new 20-year Sales and Purchase Agreement (SPA) with PETRONAS. Under the terms of the SPA, PETRONAS will purchase 1 MMtpa of LNG from Venture Global’s third facility, CP2 LNG, for 20 years. SourceContinue Reading
