Forum of oil and gas operators reports early success in tackling subsea challenges
An influential forum of oil and gas operators with a vested interest in subsea operations is tackling the challenges of ageing offshore infrastructure through cross-industry collaboration. Early reports, since…
CCUS plan targets Net Zero goals in Western Australia
The Western Australian Government has released its carbon Capture, Utilisation and Storage (CCUS) Action Plan, highlighting the role of the technology in achieving Net Zero emissions. The Chamber of Minerals…
McDermott and Willis Sustainable Fuels advance Teesside’s SAF ambitions
McDermott has secured a master services agreement (MSA) from Willis Sustainable Fuels Limited (WSFL) to support the development of UK-based sustainable aviation fuel (SAF) facilities. Initially, the contract will focus…
MOL Group signs exploration agreement with Kazakhstani national oil company, KazMunayGas
MOL Group and Kazakhstani national oil company KazMunayGas (KMG) have signed today a cooperation agreement to jointly explore opportunities in the oil, gas and petrochemical sector. This agreement builds on…
Energy Maritime Associates expects $126 billion investment in new Floating Production Units
From 2025-2029, Energy Maritime Associates (EMA) expects orders for 119 Floating Production Systems, with a Capital cost of $126 Billion, in its mid-case forecast. Over 70% of this investment would…
DeepOcean wins landmark 8-year Equinor contract for subsea IMR work
Ocean services provider DeepOcean has been awarded its largest contract on record, a long-term subsea inspection, maintenance and repair (IMR) contract by Equinor. The eight-year contract will set a new…
Miros launches PredictifAI technology to predict wave and vessel motion
Miros has launched its new wave and vessel motion prediction technology — PredictifAI, which delivers a monitoring solution that automatically adapts to varying sea and weather conditions. PredictifAI pairs…
Nostra Terra raises £500,000 to increase production, cash flow from Pine Mills assets
Nostra Terra, the international oil & gas exploration and production company with development and production assets in Texas, U.S., has announced a successful fundraise supported by institutional investors, Directors and…
Oil price steadied by geopolitical risks and Chinese imports, analysts say
Crude oil futures remain steady, supported by geopolitical tensions and a rebound in Chinese crude imports, according to a Pepperstone analyst. The ongoing conflict in Ukraine continues to threaten supply…
Kuwait plans $30 billion, five-year spend strategy to boost oil production
(Bloomberg) – Kuwait Petroleum Corp. plans to spend about 10 billion dinars ($33 billion) over five years to ramp up oil production capacity, betting on robust demand for decades to…
