Category: Uncategorized

Petrobras posted record oil and pre-salt production in the second quarter as offshore growth in Brazil’s Búzios field and continued E&P investment helped drive one of the company’s strongest quarterly results.

BOURBON has placed its new Evolution 810 IMR vessel into service under a long-term offshore India contract, expanding its deepwater subsea fleet with advanced inspection, maintenance and repair capabilities.

ExxonMobil has awarded McDermott a letter of intent for engineering and procurement services on Mozambique’s Rovuma LNG Phase 1 project as Area 4 partners advance toward a final investment decision expected in 2026.

Formentera Partners, Daly Waters Energy and INPEX have contracted a new Helmerich & Payne FlexRig to support appraisal and development of Australia’s Beetaloo basin, expanding drilling capacity for the unconventional gas play.

ExxonMobil has linked a proposed $80 billion expansion of Kazakhstan’s Kashagan oil field to resolving long-running disputes between the government and international partners, according to people familiar with the discussions.

SLB and Equinor have signed a multi-year agreement for reservoir stimulation services on the Norwegian Continental Shelf, including a major upgrade of the Island Captain vessel to support development of tight offshore reservoirs.

bp has agreed to acquire Woodside Energy’s 70% interest in the Calypso deepwater gas project offshore Trinidad and Tobago, giving the company full ownership and operatorship of the natural gas development.

ConocoPhillips has named CFO Andy O’Brien as its next president and CEO, succeeding Ryan Lance, who will transition to executive chair after leading the company for 14 years.

Xodus Group will support environmental approvals for the next phases of Australia’s Northern Endeavour Decommissioning Program, including subsea well plugging and abandonment and removal of offshore infrastructure.

Dozens of loaded Iranian oil tankers are idling near the country’s coast as a renewed U.S. naval blockade disrupts crude and petroleum-product exports, pushing Iranian floating storage higher amid weak demand from Chinese refiners.