The Equinor-operated Wisting partnership has awarded Aibel a FEED contract for the topsides of the field’s planned production vessel. The contract follows a competitive tender among Norwegian suppliers and includes an option for engineering, procurement and project management. According to Aibel, about 250 people will work on the contract. A contract for fabricating the topside modules will be awarded later.
The first tanker shipping diesel out of Russia to the U.S. departed from the Russian Baltic Sea port of Primorsk early on Friday local time and is en route to New York where it is expected to arrive on November 7, shipping data show.
State explorer Oil India Limited (OIL) has found natural gas in a previously unexplored formation in the shallow Krishna-Godavari Basin
Saudi Arabia has struck a deal with the Singaporean government to store crude oil in underground caverns in the city-state, Bloomberg reported today. The report follows the latest Houthi attacks on Saudi infrastructure over the weekend, which included oil facilities among their targets.
The North Sea Transition Authority (NSTA) estimates UK proven and probable (2P) oil and gas reserves at 2.5 billion barrels of oil equivalent (Bboe) as at the end of 2025, 0.4 Bboe lower than a year earlier.
The U.S. Geological Survey (USGS) estimates that Alaska’s North Slope holds 96 Tcf of technically recoverable, undiscovered natural gas. That’s nearly three times the region’s roughly 35 Tcf of proven gas reserves, according to the agency’s latest assessment.
SLB reported sequential growth in every region in the third quarter, led by a gradual recovery in the Middle East, growth in North American land and broader international deepwater activity. CEO Olivier Le Peuch said the company sees “a very compelling outlook for 2027.”
Oilfield services company SLB, formerly known as Schlumberger, has signed an agreement with the state-owned South African National Petroleum Company (SANPC) to support digital transformation and skills development in South Africa’s energy sector.
One person has been reported dead and four remain missing after Borr Drilling’s Prospector 5 jackup rig sank offshore Gabon on Oct. 24, according to Reuters. Gabonese authorities continued to report five people missing as search-and-rescue operations proceeded.
A Canadian oil producer is pitching a new port on the northern British Columbia coast to ship as much as 250,000 bpd of crude, a proposal that requires an exemption to a federal tanker ban.