McDermott has won a contract with Monkey Island LNG to provide FEED services for its planned facility in Cameron Parish, Louisiana. McDermott’s modular LNG train design enables delivery of up to 60% more LNG per acre than comparable projects.      SourceContinue Reading

U.S. oil producers have slashed $2 billion in spending and laid off thousands of workers amid falling prices and OPEC+ supply increases, threatening a slowdown in production growth. SourceContinue Reading

bp has signed a Memorandum of Understanding (MoU) to evaluate opportunities for a five-well program at water depth ranging from 300 to 1,500 m in the Mediterranean Sea. The program is designed to accelerate the development and production of national gas reserves. SourceContinue Reading

Diversified Energy Company Plc will acquire Canvas Energy in a $550 million deal that significantly expands the company’s producing assets and acreage positions in Oklahoma. Approximately 23 high-quality producing wells are included in the acquisition.  SourceContinue Reading

The Energy Workforce & Technology Council (EWTC) has published its Well Stimulation Surface Operations Industry Guidelines, providing operators with best practices for hazard identification, risk management, and execution of surface operations during fracture stimulation. SourceContinue Reading

Saudi Arabia will cut prices on all of its crude grades for buyers in Asia for next month as well as on most barrels to other regions after OPEC+ said it will continue to increase output, defying widespread expectations of a looming oversupply.  SourceContinue Reading

Strathcona Resources Ltd. increased its bid for oil sands producer MEG Energy Corp., seeking to break up the oil sands producer’s sale to larger Canadian rival Cenovus Energy Inc. SourceContinue Reading

Expro has set a new benchmark for deepwater well construction, achieving the heaviest casing string deployment to-date for a major operator in the Gulf of America/Gulf of Mexico. SourceContinue Reading

Petrodec’s newly constructed heavy lift jackup vessel, named “Obana,” has begun decommissioning work in the Southern North Sea for Perenco UK (PUK)’s Galahad platform. SourceContinue Reading

Kongsberg Digital has entered a strategic partnership with Petroleum Development Oman (PDO) to deliver an enterprise AI-powered digital twin. Kongsberg’s Kognitwin® solution will be implemented as part of PDO’s drive to improve production, safety and cost-efficiency. SourceContinue Reading