Oil & Gas

Tampnet to deliver digital connectivity for LLOG’s Salamanca deepwater project in U.S. Gulf

The Salamanca Floating Production Unit (FPU) recently began producing from the Leon and Castile fields in Keathley Canyon, utilizing the refurbished Independence Hub—a previously decommissioned platform modernized to support long-term deepwater operations. Tampnet’s new connectivity system will provide real-time collaboration, remote monitoring, and data-driven operations across the field, reducing offshore exposure and improving efficiency.

Baker Hughes wins NOIA ESG Excellence Award for advancing offshore sustainability

The NOIA ESG Excellence Award highlights companies that demonstrate outstanding performance in environmental stewardship, social responsibility, and governance. Baker Hughes was honored for its data-driven approach to reducing emissions, expanding remote operations, and integrating sustainability across its global offshore operations.

U.S. Upstream Oil & Gas Dealmaking Falls Again Amid Low Oil Prices

Mergers and acquisitions in the U.S. upstream oil and gas sector fell for a third straight quarter, marking an end to blockbuster takeovers seen in recent years amid persistently low energy prices. According to Enverus Intelligence Research, deals worth $9.7 billion were closed in the third quarter, marking a 28% drop from the second quarter and putting the current year far below the record $192 billion recorded in 2023

Williams joins Woodside in Louisiana LNG, will invest $1.9 billion

Under the agreement, Williams will contribute approximately USD 1.9 billion in capital expenditure towards the LNG facility and pipeline, reducing Woodside’s total expected capital expenditure for the Louisiana LNG project to an estimated USD 9.9 billion. With the deal, Williams also assumes offtake obligations for 10% of the produced LNG volumes, equivalent to 1.6 million tonnes per year (tpy).