SBM Offshore completes $1.5 billion financing of Jaguar FPSO
SBM Offshore announces it has completed the project financing of FPSO Jaguar for a total of US$1.5 billion. The project financing was fully secured by a consortium of 16 international…
Occidental CEO warns U.S. at risk of shale plateau, losing energy independence
(Bloomberg) – Occidental Petroleum Corp. warned that U.S. energy independence is at risk of slipping away if shale output plateaus and begins to decline. “It’s going to start to…
Oil States debuts low-impact workover package at SPE ICoTA 30th well intervention conference
Oil States has introduced an industry-first Low Impact Workover Package (LIWP), announced this week at the SPE/ICoTA 30th European Well Intervention Conference in Aberdeen, Scotland. Oil States brings more…
ConocoPhillips completes $22.5 billion acquisition of Marathon Oil
ConocoPhillips today announced that it has completed its acquisition of Marathon Oil Corporation. “This acquisition of Marathon Oil is a perfect fit for ConocoPhillips, adding to our deep, durable…
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…
