Subsea7 has secured a subsea installation contract from LLOG Exploration Company, a Harbour Energy subsidiary, for the Who Dat East development in the U.S. Gulf. Subsea7 classifies the contract as “sizeable,” representing a value between $50 million and $150 million. Who Dat East is located in Mississippi Canyon lease MC 509-1 in approximately 1,300 m of water. The contract covers […]
Eni has expanded its exploration position offshore Uruguay, taking operatorship and a 50% interest in the OFF-5 block while also agreeing to acquire a 40% stake in the adjacent OFF-6 block. Eni formally entered OFF-5 following an agreement with MIWEN, a wholly owned subsidiary of YPF, and Uruguay’s national oil company ANCAP. The transaction has received approval from […]
Nigeria’s Indigenous firms are looking forward towards operational efficiency to drive Nigeria’s production target. Their new business outlook is adding value to Nigeria’s expanding production growth with oil production averaging 1.56 million barrels a day (mbpd) in June 2026. This marked the highest monthly crude output since April 2020 and exceeding Nigeria’s 1.5 mbpd OEC […]
Mahama administration and the Ministry of Energy and Green TransitionUS$3.5 billion in planned upstream investment Energy Ministry Technical Advisor, Dr. Yussif Sulemana, says the government expects crude production to increase by the end of 2026 as investment returns to some of Ghana’s major producing fields. “I can tell you on authority that coming by the end of […]
The Tema Oil Refinery (TOR) and Ghana Oil Company Limited (GOIL) have held a strategic meeting to explore further opportunities for collaboration in the supply and offtake of petroleum products produced by the refinery. The engagement, held on Wednesday, September 02, 2026, builds on the existing business relationship between the two institutions and seeks to […]
Ranger Energy Services has agreed to acquire STEP Energy Services’ U.S. coiled tubing assets for approximately $27.5 million, a transaction that will position Ranger as the second-largest coiled tubing provider in the Lower 48. The acquisition includes 13 full coiled tubing spreads, related equipment and inventory, along with certain property and vehicle lease obligations. STEP’s U.S. coiled […]
Baghdad (IraqiNews.com) – Iraqi Oil Minister Basim Khudair and representatives from British Petroleum (BP) and Texas-based ConocoPhillips discussed on Monday the development of Iraq’s oil and gas industry. The meeting held in Baghdad included BP’s Iraq director Zaid al-Yasiri, Nader Zaki, Ariel Flores, and ConocoPhillips representative William Arnold, as well as senior Iraqi officials in […]
Entering peak hurricane season, offshore operators face the possibility of severe weather disrupting operations. In September 2024, unplanned storm-related outages disrupted 16% of total crude oil production in the federal Gulf of America/Mexico. While operators can’t control the path or severity of a storm, they can gain a clearer understanding of critical equipment health before it arrives, […]
India’s biggest oil explorer, Oil and Natural Gas Corp. (ONGC), plans to build strategic crude reserves as the country seeks to strengthen its buffers against supply disruptions. The state-run producer will invest 70 billion rupees ($736 million) to develop underground storage in southern India able to hold about 13 MMbbl of crude, Chairman Arun Kumar Singh told reporters in […]
SLB has agreed to acquire thermal management provider Kelvion in a deal valued at $4.1 billion, significantly expanding its data center infrastructure business as surging AI investment drives demand for cooling, power and integrated facility solutions. Under the agreement, SLB will acquire Kelvion from majority owner Apollo-managed funds and minority shareholder Triton for approximately $3.4 billion in cash and assume about $700 […]