Kongsberg Maritime has secured a contract to supply an integrated package of equipment for a new Offshore Support Vessel (OSV) being built for ship owner DOF. The vessel will operate offshore Newfoundland, known for its harsh environmental conditions. SourceContinue Reading
bp Trinidad and Tobago (bpTT) has safely delivered first gas from its Cypre development. Cypre is one of bp’s 10 major projects expected to start up globally between 2025 and 2027, announced as part of bp’s reset strategy to grow the upstream. SourceContinue Reading
RPC, Inc. has acquired Pintail Completions for approximately $245 million, subject to customary post-closing adjustments. Pintail is headquartered in Midland, Texas and is a leading provider of oilfield wireline services in the Permian basin. SourceContinue Reading
Chevron Corp., YPF SA and other oil drillers are planning a major Argentine pipeline to handle rising output from the Vaca Muerta shale region. The pipeline is seen as integral to starting production from several fields. SourceContinue Reading
Nigerian President Bola Tinubu hired the former head of a unit of Shell Plc to run the state oil company, as Africa’s biggest crude producer works to boost output and prepare the firm for an initial public offering. SourceContinue Reading
Colombia’s state-owned Ecopetrol SA is considering buying Carlyle Group’s oil driller in the nation as it looks to boost reserves and output. “We were invited to the process and are analyzing the option,” said Rafael Guzman, Ecopetrol’s VP of hydrocarbons in an interview. SourceContinue Reading
INEOS Energy has completed its acquisition of the U.S. Gulf business held by CNOOC’s U.S. subsidiary. The deal increases INEOS’ production globally to over 90,000 boed and marks the third major investment by INEOS Energy in the U.S. in the past three years. SourceContinue Reading
Sinopec announced the discovery of over 140 million tonnes (MMt) of proven reserves of shale oil at its Shengli Oilfield in East China. This is the first shale oil field with proven reserves of over 100 MMt to be certified by China’s Ministry of Natural Resources. SourceContinue Reading
Sinopec announced the discovery of over 140 million tonnes (Mt) of proven reserves of shale oil at its Shengli Oilfield in East China. This is the first shale oil field with proven reserves of over 100 Mt to be certified by China’s Ministry of Natural Resources. SourceContinue Reading
Petrofac’s Asset Solutions division has been awarded a number of scope expansions and new contracts in Q1 2025 totaling $500 million (USD). The awards span late-life asset management, decommissioning and integrated services across core global markets. SourceContinue Reading
