Stay up to date with the latest news and updates from the oil industry.
Chevron Corporation has announced that it has completed its acquisition of Hess Corporation following the satisfaction of all necessary closing conditions, including a favourable arbitration outcome regarding Hess’ offshore Guyana asset.
Estimated oil and gas resources in Wolin East constitute the largest conventional hydrocarbon field yet discovered in Poland, and one of the largest conventional oil discoveries in Europe in the past decade.
Expected to start up in 2028, the power station will capture up to 2 million tpy of CO2 for permanent storage offshore in the North Sea, representing a major step forward in the UK’s path to net zero.
The award follows Hunting’s maiden contract for the phase two development received in 2024, which is currently under production and will be completed by 2026. Together, the two awards represent c. US$51.6 million of revenue for the Group.
The current agreement, which began in August 2022, will now run until at least August 2027.
Sagentia Innovation’s Dan Spencer, R&D Consultant, and Michele Turitto, Managing Partner, Industrial, Chemicals, and Energy, discuss how to deliver on upstream goals with expert selection and integration of sensors.
TechnipFMC has been awarded a significant integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract by Equinor for its Heidrun extension project in the Norwegian North Sea.
With the closing of the transaction, former ChampionX shareholders now own approximately 9% of SLB’s outstanding shares of common stock.
Viridien, TGS and Axxis Multi-client AS complete OMEGA Merge – the largest continuous OBN dataset over the Norwegian North Sea.
ExxonMobil, the Company’s carbon capture and sequestration (CCS) partner for this project, will be transporting and permanently storing the CO2.
Seatrium to propel offshore innovation with first turnkey FPSO delivery to Petrobras.
Perenco has announced the completion of the acquisition of the Greater Angostura producing oil and gas assets and associated production facilities from Woodside Energy in Trinidad & Tobago. The finalisation of the deal, combined with Perenco’s existing operation of the Teak, Samaan and Poui (TSP) and Cashima, Amherstia, Flamboyant and Immortelle (CAFI) fields, aligns Perenco as a major oil and gas producer in country.