Decom Engineering has secured a U.S. patent covering key elements of its proprietary Chopsaw cutting technology, supporting its position in subsea cutting and offshore decommissioning applications.
ABL has completed marine assurance and warranty survey work supporting the transport of the Northern Endeavour FPSO from Australia to a recycling facility in Denmark, marking the final stage in the vessel’s lifecycle.
Hunting has secured $63.5 million in subsea orders for a new offshore development in Guyana, reinforcing continued investment in FPSO-based projects in the region.
Eni has made a significant gas and condensate discovery offshore Egypt, with preliminary estimates indicating approximately 2 Tcf of gas initially in place (GIIP) at the Denise W-1 exploration well in the Temsah concession.
Nigeria is positioning its oil and gas sector for renewed investment as government officials prepare to engage with global stakeholders at the Invest in African Energy Forum in Paris next month.
Two tankers that loaded LNG from Qatar before the war began appear to be attempting to exit the Strait of Hormuz in what could be the first export of Qatari LNG in over a month.
The key Russian oil export terminal at Novorossiysk was on fire early on Monday following an overnight drone attack, as Ukraine intensifies strikes on Russia’s oil infrastructure to reduce its export capabilities amid surging oil prices.
The premiums for U.S. West Texas Intermediate crude have soared in the spot market to a record high of between $30 and $40 per barrel above key regional benchmarks as Asia and Europe scramble for supply amid the de facto closure of the Strait of Hormuz.
South Korea is sending a senior government official to Oman, Kazakhstan, and Saudi Arabia in a bid to secure crude oil supply that does not need to pass through the Strait of Hormuz,
A statement posted on OPEC’s website on Sunday revealed that Saudi Arabia, Russia, Iraq, the UAE (United Arab Emirates), Kuwait, Kazakhstan, Algeria, and Oman have decided to boost production by more than 200,000 barrels per day next month.