Schlumberger NV (SLB) has secured a significant contract from Petroleo Brasileiro SA (Petrobras) to provide services and technology for up to 35 ultra-deepwater wells in the strategically important Santos Basin. SLB said that the contract was awarded through a competitive tender process.
TechnipFMC PLC said it had won a “substantial contract” from Exxon Mobil Corp to deliver subsea production systems for the Hammerhead field in the Stabroek block offshore Guyana.
The project “confirms the partnership between Eni and Seri Industrial in the integrated management of the Brindisi site, together with the plant that Fib is building in Teverola (in the province of Caserta)”, Eni said.
Sawan noted that natural gas is one of the best fuels to reduce emissions in places that currently rely heavily on coal, such as China, India, and the rest of Asia. “We are absolutely committed to this sector,” he said, reiterating Shell’s prediction from earlier this year that demand for liquefied natural gas is set to expand by 60% between now and 2040.
Russia’s liquefied natural gas cargoes could be redirected to Turkey and Asia if the European Union makes a plan to ban Russian LNG official, Patrick Pouyanne, the chief executive of French oil and gas supermajor TotalEnergies, says.
Exxon has asked for security guarantees for its Rovuma LNG project from Mozambique’s government, the Financial Times reported, citing unnamed sources, who said the discussions were directly with the president of Mozambique, Daniel Chapo.
The agreement is the first direct long-term SPA between the companies. Volumes will be sourced from QatarEnergy’s Ras Laffan facility and will be delivered to Messer customers worldwide. The financial terms of the deal were not disclosed.
A quarterly survey of oil and gas companies released today by the Federal Reserve Bank of Dallas quotes industry executives who blast Trump on everything from tariffs and policy uncertainty to his attacks on renewable energy.
TotalEnergies’ Venus project in Namibia’s Orange Basin is the kind of discovery that makes oil executives’ eyes light up and governments dream of windfalls. The discovery – made in February 2022 – was immediately recognized as one of the African continent’s largest in decades, with an estimated 1.5 billion barrels of light crude at 45 degrees API and 4.8 Tcf of natural gas. Expectations are high: peak output is projected at around 150,000 barrels a day and the field could remain productive for 30-40 years.
The African Energy Commission (AFREC), launched its first oil and gas market study for Eastern African Region, reaffirming its commitment to driving regional energy integration, sustainable development, and intra-African trade at the official opening of the Africa Oil Week (AOW) 2025 in Accra, Ghana.