Month: June 2026

OSRL has launched a shallow-water well control system that enables capping stacks to be deployed from outside hazardous surface areas and landed on subsea wells in water depths from 75 to 600 meters.

SLB has won an OQEP contract to expand the Bisat-B production facility in Oman to 548,000 bpd of gross fluids handling capacity, with completion targeted within 19 months.

TotalEnergies and AMNI have taken FID on Nigeria’s offshore Ima gas development, targeting 350 MMcfd of production from 2028 to supply the expanding Nigeria LNG plant.

Abu Dhabi’s XRG is exploring a potential stake in the Shell-led LNG Canada project as the ADNOC-backed company pursues its goal of becoming a top-five global natural gas supplier.

Petrobras, Shell and Strohm have completed qualification and offshore trials of a corrosion-resistant TCP flowline, clearing the way for a Petrobras pilot in Brazil’s pre-salt in early 2027.

The UK risks losing skilled North Sea oil and gas workers before new energy industries can absorb them, a Taskforce warns, calling for earlier tax reform to protect investment and industrial capacity.

TotalEnergies has signed an MoU with PDVSA that could pave the way for its return to Venezuela’s oil and gas sector, joining a growing wave of international companies pursuing new projects in the country.

Trio Petroleum has signed a farm-in agreement with Croverro Energy covering up to 14 multilateral heavy oil drilling opportunities in Alberta and Saskatchewan, alongside a well re-entry and producing-property acquisition.

Halliburton has signed agreements with Eneva and WESCA to pursue oil and gas development opportunities in Venezuela, building on the oilfield services company’s nearly nine decades of experience in the country.

McDermott has completed $1.05 billion in equity and bond financing alongside new credit facilities, extending its maturity profile and supporting execution of its global project backlog.