bp has agreed to sell its 37.2% non-operated interest in the Bay du Nord offshore development to Equinor, continuing its strategy of simplifying its upstream portfolio while retaining two exploration licenses offshore Canada. SourceContinue Reading
Natural gas is expected to surpass petroleum as the largest source of U.S. energy consumption by 2030, driven by shale production, LNG growth, gas-fired power generation and rising electricity demand from AI data centers and electrification. SourceContinue Reading
Zephyr Energy has expanded its operated position in Utah’s Paradox basin with the acquisition of 2,294 additional acres, increasing its total operated acreage to more than 72,000 gross acres as it continues to build its regional portfolio. SourceContinue Reading
Altera Infrastructure has signed EPCIC and 15-year charter agreements to supply a new FPSO for Eni’s Baleine Phase 3 development offshore Côte d’Ivoire, expanding production at one of West Africa’s largest offshore oil and gas projects. SourceContinue Reading
KONGSBERG has secured a contract to provide underwater surveillance and protection technology for critical infrastructure, supporting the security of offshore energy assets, subsea cables and other essential facilities for an international customer. SourceContinue Reading
XRG has completed the acquisition of an additional equity interest in Rio Grande LNG’s Trains 4 and 5, giving the company ownership across all five trains under construction at the 30-MMtpa export project in Texas. SourceContinue Reading
Bernhard Schulte Offshore has taken delivery of the Windea Clarke commissioning service operation vessel (CSOV) from Ulstein Verft, expanding its offshore service fleet with a hybrid-ready vessel designed for offshore construction and maintenance operations. SourceContinue Reading
Norske Shell has awarded AGR a four-year framework agreement to provide drilling, wells and offshore personnel for operations supporting the Ormen Lange gas field on the Norwegian Continental Shelf. SourceContinue Reading
