BW Offshore has signed a front-end engineering and design (FEED) agreement with Equinor for the Bay du Nord development offshore Newfoundland and Labrador, Canada.
Russia said it has no plans of leaving its alliance with OPEC after the United Arab Emirates’ shock decision to quit the cartel raised questions about its future amid a historic supply disruption caused by the Iran war.
Petrobras has agreed to acquire a 100% interest in a portion of the Argonauta area in the Campos basin, increasing its stake in the Jubarte pre-salt field.
Asia’s LNG imports slumped in March to the lowest level in seven years for the month as the closed Strait of Hormuz trapped the supply and Qatar declared force majeure following Iranian missile strikes on its LNG infrastructure.
The European Union would prefer Southeast Asian countries to diversify their oil supply by buying oil from producers other than Russia, the EU’s foreign policy chief Kaja Kallas said on Tuesday during meetings of representatives with ASEAN countries.
Eni S.p.A. has signed an agreement with Venezuela’s Ministry of Hydrocarbons and state-owned PDVSA to relaunch oil operations at the Junin-5 project in the Orinoco Belt.
Forum Energy Technologies (FET) has introduced a new launch and recovery system (LARS) designed to support inspection and light work-class remotely operated vehicle (ROV) operations.
SLB has introduced a new reservoir mapping system designed to enhance real-time subsurface visibility and support more precise drilling and geosteering decisions.
Odfjell Technology has signed a memorandum of understanding with Applied New Technologies (ANT) to deploy an erosion-based tool for well plug and abandonment (P&A) operations across Southeast Asia.
The United Arab Emirates will leave OPEC and its wider alliance, OPEC+, dealing a blow to the group and its leader Saudi Arabia as the global oil industry grapples with the massive supply disruption caused by the Iran war.