President Donald Trump and Ukraine offered differing accounts of a supposed agreement with Russia to stop attacks on energy infrastructure, as strikes on oil refineries help drive diesel prices to record levels. Trump on Monday blamed the strikes, rather than the war in Iran, for the surge in diesel prices and posted on social media […]
Oil prices continued to rise early on Tuesday, rallying by 1.7% in Asian trade, as the Iran-backed Houthis in Yemen are expanding their control over the west coast along the Red Sea, while the attacks on a key Saudi onshore oil pipeline triggered concerns about additional disruptions to already severely disrupted oil supply from the […]
Venezuela is deploying officials to a Group of 20 summit of energy chiefs in Texas this week, underscoring the rapid rapprochement between Washington and Caracas. The Venezuelan authorities are attending the G20 energy ministerial that started Monday in Houston at the invitation of the Trump administration, according to a White House official who asked […]
Hornbeck Offshore Services has secured a multi-year North Sea contract for riserless plug-and-abandonment (P&A) operations through its Helix Well Ops (U.K.) subsidiary. The contract, awarded by an undisclosed North Sea operator, is scheduled to begin in second-quarter 2027. It has a firm two-year term with options for the customer to extend the work. Hornbeck will […]
Brent crude could again test $120/bbl as Middle East supply disruptions, falling inventories and widespread refinery constraints erode the buffers that previously helped contain oil prices, according to analysts at PVM Oil Associates, part of TP ICAP. John Evans, analyst at PVM, said the prospect of $120 Brent has become a “live” consideration again […]
Fulkrum has been awarded an inspection services contract by Vår Energi covering projects across the operator’s Norwegian Continental Shelf (NCS) portfolio. Under the framework agreement, Fulkrum is currently supporting three subsea developments in the Gjøa area: Ophelia, Gjøa Nord and Cerisa. The company is providing inspection and testing of equipment and systems both offshore […]
PETRONAS has signed a five-year agreement to supply LNG to Greek energy company METLEN, expanding the Malaysian company’s presence in European and Mediterranean gas markets. Under the sale and purchase agreement, PETRONAS subsidiary PETCO Trading (UK) Ltd. will deliver six LNG cargoes annually to Greece beginning in 2027. The volumes are equivalent to approximately 0.6 […]
Wood has secured a five-year, $200 million construction services contract from ExxonMobil PNG to support brownfield projects across the PNG LNG project in Papua New Guinea. The contract covers work across the Hides Gas Conditioning Plant, the LNG plant at Caution Bay, approximately 700 km of pipeline infrastructure and associated well pads and flowlines. More […]
Saipem has won a $350 million offshore contract from Azule Energy for subsea work on the Agogo Integrated West Hub Development offshore Angola.
On Thursday, a discovery from June, made in the Acacia-5 development of Angola’s offshore Block 17, was announced by TotalEnergies‘ Chairman and CEO Patrick Pouyanné. The discovery was made near to existing production at Block 17, allowing development to be fast-tracked via a tie-back using spare capacity on the Pazflor FPSO. This means no new […]