A new IEA report warns that accelerating oil and gas field decline rates could remove the equivalent of Brazil and Norway’s combined production each year without continued upstream investment, raising concerns for energy security and market balance. SourceContinue Reading
IMI has successfully delivered what are believed to be the largest production choke valves ever manufactured to a landmark unmanned processing platform in the North Sea. SourceContinue Reading
Geoteric has signed a landmark agreement with PETRONAS Carigali to deploy AI-driven seismic interpretation software across its global portfolio. The partnership will accelerate hydrocarbon exploration, cut cycle times by up to 90%, and strengthen PETRONAS’ digital transformation strategy. SourceContinue Reading
Weatherford International plc has been awarded a three-year, $147 million contract by Petrobras to deliver Tubular Running Services (TRS) across the company’s offshore drilling operations in Brazil. SourceContinue Reading
TotalEnergies has signed production sharing contracts for four offshore blocks covering 12,700 sq km in the Liberia Basin. The company is planning a 3D seismic survey as it targets new deepwater prospects aligned with its global exploration strategy. SourceContinue Reading
Baker Hughes has secured a multi-year agreement with Petrobras to extend deployment of the Blue Marlin and Blue Orca stimulation vessels, supporting production optimization across Brazil’s offshore pre- and post-salt fields. SourceContinue Reading
ADNOC’s XRG has withdrawn its $19 billion bid for Santos, ending a high-profile push to expand in Australia’s LNG market amid valuation and tax disagreements. SourceContinue Reading
Aker BP is deepening its partnership with Cognite to deploy Cognite Atlas AI™, advancing its AI-first strategy in exploration and production. By harnessing agentic AI, Aker BP aims to boost efficiency, cut costs, and accelerate digital transformation across operations. SourceContinue Reading
Energy NL has written to Newfoundland and Labrador’s provincial party leaders ahead of the 2025 election, seeking clear positions on offshore oil and gas, Bay du Nord incentives, federal emissions cap regulations, and renewable energy development. SourceContinue Reading
South Africa’s Constitutional Court is set to rule on Shell’s disputed offshore seismic survey, a decision that could shape the future of the nation’s oil and gas exploration. The case, driven by environmental activists, has stalled Shell’s Wild Coast program since 2021. SourceContinue Reading
