Within days of taking office incoming Prime Minister Andy Burnham is preparing to announce new drilling for oil and gas in the North Sea as well as taking public control of Thames Water. Burnham’s team has asked the civil service to draw up plans for new energy and water policies that can be revealed as […]
Chevron is preparing to sign MoUs with Iraq to advance its potential entry into two major oilfields and support studies of alternative crude export routes, Reuters reported on Thursday. The MoUs cover the West Qurna 2 and Nassiriya fields, with the West Qurna 2 preliminary agreement aimed at advancing commercial terms toward a final takeover deal, […]
Halliburton has secured multi-year lump sum turnkey (LSTK) contracts from Aramco to support an onshore oil re-entry program across multiple fields in Saudi Arabia, further expanding the company’s integrated well delivery portfolio in the Kingdom. The award follows Halliburton’s announcement earlier this week of a separate multi-year contract supporting Aramco’s unconventional gas development program, reinforcing the company’s growing role across […]
Serica Energy Chair David Latin and Ithaca Energy Executive Chairman Yaniv Friedman have been appointed conference co-chairs for SPE Offshore Europe 2027, which will be held Sept. 7-9, 2027, at P&J Live in Aberdeen. The two executives will lead the conference executive committee, helping shape the event’s strategic agenda as the UK North Sea industry continues to navigate investment […]
On the edge of the Canadian Rocky Mountains, companies including Obsidian Energy Ltd. and Yangarra Resources Corp. are breathing new life into a long-dormant gas reservoir — except now they’re drilling for oil. Both firms are fracing into the sandstone that makes up the Basel Belly River formation in an area southwest of the Alberta’s provincial capital Edmonton called Willesden Green. […]
VTX Energy Vitol Group is in late stage talks to sell its shale oil venture VTX Energy Partners LLC to a consortium of two private equity buyers – Carnelian Energy Capital and EnCap Investments, a deal that would mark a scaling back for the trader in U.S. upstream oil and gas production. The companies could sign the deal […]
CB&I has secured a contract from EnQuest to continue serving as duty holder for the Kittiwake platform in the UK North Sea through cessation of production (COP) and decommissioning. The award expands CB&I’s scope beyond late-life asset management to include production closeout and support for the platform’s decommissioning, marking the final phase of Kittiwake’s operating life. CB&I’s Asset Solutions business […]
U.S. liquefied natural gas exports are on track to become the nation’s second-largest net export industry by 2031, driven by accelerating investment, expanding export capacity and growing global demand, according to a new S&P Global Energy study. The report projects U.S. LNG feedgas demand will double to 36 Bcfd over the next five years—25% higher than previous base-case forecasts—as […]
Baker Hughes has completed its acquisition of Chart Industries, expanding its portfolio of industrial energy technologies and establishing Chart as the company’s third operating segment. The acquisition adds Chart’s capabilities in thermal management, air and gas handling, and lifecycle services, broadening Baker Hughes’ presence across markets including LNG, gas infrastructure, carbon capture and storage, nuclear, geothermal and […]
UK energy and union bosses have called on the country’s ruling Labour party to prioritize indigenous oil and gas production over imports, for the sake of energy security, jobs and climate goals, days before Andy Burnham is set to take over as prime minister. In an open letter to the Parliamentary Labour Party, dated July […]