The agreement follows the Framework Agreement signed by the two companies on 17th June 2025 and establishes a new entity that will manage 19 assets: 14 in Indonesia and five in Malaysia - representing significant enterprise value.
As Offshore Technical Compliance (OTC) continues to expand their footprint in the digital pressure testing field of the Oil and Gas industry, their new and improved GreenLight has achieved a major milestone and sets a new standard for digital pressure testing of well control systems.
Shell Marine has launched a new technical service, Shell Marine Sensor Service (SMSS), an onboard monitoring service that provides real-time insights into oil and equipment condition, helping shipping operators improve vessel uptime and operational resilience.
bp has reached an agreement for Sixth Street-managed funds to purchase non-controlling interests in Permian and Eagle Ford midstream assets of bpx energy – bp’s US onshore oil and gas business. bpx will remain operator of all the assets.
DNV has released a comprehensive study comparing major accident risks and risk management practices in the UK between the offshore oil and gas and the offshore renewables industries.
bp has provided an update following its significant hydrocarbon discovery at the Bumerangue block, located in the pre-salt Santos Basin, offshore Brazil.
Europe’s construction of liquefied natural gas (LNG) import terminals is losing momentum, indicating that countries across the continent overestimated future gas demand.
Rotork has announce the launch of the RTP-4000 range, a new generation of intelligent valve positioners designed to deliver optimised control solutions for single- and double-acting actuators on rotary and linear valves.