QatarEnergy and ExxonMobil have signed an MoU with the Government of Egypt to study the potential development and commercialisation of gas discoveries in Cyprus, QatarEnergy announced on Thursday. Under the terms of the MoU, the parties will explore future growth opportunities that would optimise Egypt’s underutilised gas and LNG production assets, as well as commercial frameworks utilising […]
Oceaneering International has secured an integrated offshore installation contract supporting the West Delta Deep Marine (WDDM) gas field development offshore Egypt for Burullus Gas Company. The company said the award is expected to generate meaningful revenue in 2026. Under the contract, Oceaneering’s Offshore Projects Group will provide transportation, offshore installation and commissioning services for a refurbished […]
Weatherford International has secured a deepwater integrated completions contract from Esso Exploration & Production Nigeria, an affiliate of ExxonMobil, supporting offshore Nigeria operations. The contract falls within Weatherford’s well construction and completions portfolio and covers integrated upper and lower completions systems for deepwater wells. According to the company, the scope of work is focused on supporting well integrity, […]
TotalEnergies is advancing a multi-pronged offshore growth strategy in Angola, combining deepwater project development, brownfield optimization and frontier exploration as the company expands its long-term position in the country. The company’s Angola country manager, Martin Deffontaines, is scheduled to speak at the Angola Oil & Gas (AOG) Conference & Exhibition in September as Angola continues pursuing efforts […]
Two supertankers loaded with crude oil exited the Strait of Hormuz today and are heading to China, Reuters reported, citing data from LSEG and Kpler.
Norwegian offshore oil production significantly exceeded expectations in April, with total liquids output climbing to 2.158 million barrels per day — 6.7% above official forecasts — as Europe grows increasingly dependent on a stable North Sea energy supply in an increasingly fragile global market.
Saudi Arabia is importing more fuel oil than before, to use in power generation as its natural gas production reverses direction and declines, Reuters has reported, citing Rystad Energy.
QatarEnergy has increased its participation in Uruguay’s offshore upstream sector with the acquisition from Shell subsidiary BG International of a non-operated interest in Block OFF-4, QatarEnergy announced on Wednesday.
Taimi Nangula Itembu, co-founder and executive director of Zephyr Marine Services, talks to The Energy Year about positioning the company to capture business from Namibia’s offshore boom and investing in capabilities to participate in the full oil and gas project lifecycle.
EIG’s MidOcean Energy has secured a $120 million equity commitment from The Arab Energy Fund (TAEF), toward a $2 billion investment target from newcomers.