Shell has sanctioned a waterflood project at its Kaikias field in the U.S. Gulf, targeting an estimated 60 MMboe of additional recoverable resources and extending production from the Ursa hub into the next decade. SourceContinue Reading
The Railroad Commission of Texas has named longtime regulator Mark Evarts as director of its Oversight and Safety Division, strengthening leadership over pipeline safety and gas market oversight statewide. SourceContinue Reading
Subsea7 has secured a substantial subsea installation contract from Chevron Australia for the Gorgon Stage 3 project, covering engineering, fabrication and deepwater installation activities offshore Western Australia, with offshore operations planned for 2028. SourceContinue Reading
TotalEnergies has sold a 9.998% stake in Malaysia’s SK408 offshore gas block to PTTEP, reinforcing a long-standing partnership while retaining operatorship. The move supports portfolio optimization as the company deepens its role as a leading gas producer in Malaysia. SourceContinue Reading
Brent crude slipped below $60/bbl for the first time since May, as rising global supply continues to outpace demand. A growing surplus outlook for 2026, combined with easing geopolitical risk premiums, is adding fresh pressure to oil markets. SourceContinue Reading
Shell has sanctioned a waterflood project at its Kaikias field in the U.S. Gulf, targeting an estimated 60 MMboe of additional recoverable resources and extending production from the Ursa hub into the next decade. SourceContinue Reading
Partners led by ConocoPhillips and Vår Energi have sanctioned the Previously Produced Fields (PPF) redevelopment in Norway’s Greater Ekofisk area, approving up to $1.8 billion in investment to bring new subsea wells online from 2028 and extend production life at the mature hub. SourceContinue Reading
Chevron has lowered prices for Venezuelan crude sold to U.S. refiners after a tanker seizure in the Caribbean added pressure to an already weak Gulf Coast market. The move comes amid heightened U.S. enforcement actions and softer global oil prices. SourceContinue Reading
Kongsberg Maritime has expanded its UUC PM azimuth thruster range with two new high-thrust models, boosting propulsion efficiency and flexibility for offshore and marine operations. The latest additions support larger vessels, reduce maintenance downtime, and strengthen lifecycle performance in demanding offshore energy environments. SourceContinue Reading
Buccaneer Energy is moving ahead with a new waterflood program at its Fouke area assets in Texas, aiming to double or triple recoverable volumes. The plan includes converting two wells for injection, reinstating production at Turner #1, and advancing development work over the next six months. SourceContinue Reading
