Under a new agreement formalized earlier this month, Yinson Production, the operator of the FPSO John Agyekum Kufuor will add new gas compression and treatment modules to the Sankofa FPSO John Agyekum Kufuor, offshore Ghana, increasing gas export capacity by more than 60% while extending the vessel’s lease period to 2036. The project, to be […]
Shell has signed an agreement to acquire a 30% interest in Equinor’s Bay du Nord offshore oil project in Newfoundland and Labrador, Canada, as the companies advance the estimated C$14 billion development toward a final investment decision in early 2027. Under the agreement, Equinor will retain a 70% interest and remain operator of the deepwater […]
China has decided to restart exports of fuels, after a one-week suspension. This should bring some relief to fuel markets, and especially diesel markets, where prices are running at record highs, not least because of the fuel export suspension news out of China last week. The information comes from unnamed trading sources who spoke to […]
SLB has secured a 15-year agreement with TotalEnergies to deploy its DrillPlan digital well planning and engineering technology across the operator’s global upstream portfolio. The agreement will support TotalEnergies’ transition to a standardized digital drilling planning environment, connecting subsurface data with well engineering and drilling workflows to improve collaboration and consistency across operations. SLB’s DrillPlan […]
Drilling Tools International (DTI) has entered into a definitive agreement to acquire Aberdeen-based Saltire Energy Limited and Foxley Energy Limited for approximately $80 million in cash and 17.4 million shares of DTI common stock, expanding its drilling equipment rental operations across the North Sea, Middle East and Asia-Pacific. The transaction, expected to close in the […]
Emerson has introduced its Rosemount 8795 Magnetic Flow Sensor, designed to provide accurate flow measurement and monitoring for chilled water and water-glycol cooling systems used in data centers. The new sensor is intended to support cooling system reliability and efficiency as data centers expand to accommodate growing digital infrastructure and computing demands. It integrates with […]
Weatherford International has secured a two-year extension of several existing agreements with Equinor and has been selected as the primary provider of completion systems for the Statfjord and Oseberg fields on the Norwegian Continental Shelf. The awards expand Weatherford’s role in supporting Equinor’s offshore development and production operations in the North Sea, where the companies […]
EnerMech has secured a contract from Subsea7 to provide pipeline and subsea pre-commissioning services for the Ginger development offshore Trinidad and Tobago. The scope includes pipeline and subsea testing, flushing, hydrotesting, water filling, leak testing and commissioning support to prepare the development’s subsea production infrastructure for operation. The services will support both the installation and […]
Crescent Energy has entered into a definitive agreement to acquire Devon Energy‘s Eagle Ford assets for an estimated net purchase price of $3.85 billion, adding approximately 68,000 boed of production and more than 600 drilling locations to its South Texas operations. The acquisition will expand Crescent’s position in the Eagle Ford shale, with the assets […]
Nigeria’s two petroleum regulators have announced upcoming licensing rounds within days of each other, together covering the full length of the country’s oil and gas sector. The Upstream Petroleum Regulatory Commission (NUPRC) formally opened its 2026 licensing round on October 6, offering 40 oil and gas blocks across onshore, shallow-water and deepwater terrain to local […]