SLB (NYSE: SLB) today announced the award of an integrated engineering, procurement, construction and installation (EPCI) contract by bp to its OneSubsea™ joint venture and Subsea7 for the Murlach development (formerly Skua field), 240 kilometers east of Aberdeen in the UK North Sea.
A new gas and condensate discovery in TAL block in Pakistan’s Khyber Pakhtunkhwa province de-risks further exploration in the block.
Eni SpA’s second-quarter profit was better than expected after a strong performance at its upstream business, prompting the company to revise its guidance for the year.
Technip Energies N.V. has been contracted by Chevron Phillips Chemical (CPChem) to supply a proprietary low-emission cracking furnace for an existing olefins unit in Sweeny, Texas.
Egypt’s Ministry of Petroleum and Mineral Resources has signed investment deals with Shell Egypt, Petronus Gas and Cheiron Energy totalling $340m.
Vital Energy and Northern Oil and Gas will jointly acquire U.S. shale assets from private equity-owned Point Energy Partners for $1.1 billion, the companies said on Sunday.
Malaysia’s Petroliam Nasional Bhd (Petronas) has secured land to progress its Southern Carbon Capture and Storage (CCS) hub project in Pahang.
ExxonMobil, the largest major oil and gas company in the Western world, has shown interest in the Korea National Oil Corporation’s (KNOC) roadshow and participated in verifying the economic feasibility analysis of the “Blue Whale Project.” This project, located in the East Sea, boasts estimated reserves of up to 14 billion barrels, valued at around 2,000 trillion won (around $1.48 trillion). Despite its participation, ExxonMobil has not yet made an investment decision.
TotalEnergies has decided to withdraw from two oil and gas blocks offshore South Africa, with its partner in one of the blocks QatarEnergy also announcing its exit from the development.
Brazil’s state-run oil firm Petrobras has made a non-binding offer to buy a major stake in Galp Energia’s huge offshore oil discovery in Namibia, Petrobras exploration and production director Sylvia dos Anjos told Reuters on Friday.