Drilling & production

Under this contract, SBM Offshore will construct and thereafter lease a Floating Storage and Offloading (FSO) unit to Woodside for a period of 20 years.

The acquisition of GETEC ENERGIE GmbH will accelerate the growth of BP’s European gas and power presence, as well as providing opportunities to grow integrated lower carbon energy solutions for C&I energy customers in Germany and elsewhere in Europe.

The company has completed the reprocessing of a 2D seismic survey in Indonesia’s Sumatra basin, tying key discoveries in the region to open acreage.

Kent has announced it has been awarded a global three-year enterprise framework agreement (EFA) by Shell to provide commissioning and start-up services (CSU) across various onshore and offshore projects.

The company has announced the appointment of James Griffin, who has joined the business in the role of Regional Manager, overseeing sales and operations for the company’s Europe and West Africa business unit.

This project will cover over 1800 km of new 2D seismic data across the southeastern part of the basin, using a 12 km long offset streamer.

The UK government’s announcement of further changes to the Energy Profits Levy (EPL), a windfall tax aimed at oil and gas companies operating in the North Sea, could paralyse upstream investment for the duration of this parliament if implemented in the October budget according to new research by Wood Mackenzie.

bp has taken a final investment decision on the Kaskida project in the US Gulf of Mexico. This demonstrates bp’s long-term commitment to deliver secure, affordable and reliable energy.

After peaking in 2023, Lower 48 well costs are expected to decline 10% in 2024 and 1% in 2025, according to a recent report from Wood Mackenzie.

The project work scope covers the engineering, procurement, construction and installation of the subsea pipelines (SURF) and production systems (SPS).

The company outlines its expectations for the UK and Norway’s oil and gas production and exploration in the year ahead.

Borr Drilling has announced new contract commitments for three of its premium jack-up rigs, the ‘Arabia I’, the ‘Gunnlod’ and the ‘Norve’.

Rystad Energy’s latest research shows global recoverable oil reserves held largely steady at around 1500 billion bbl, down some 52 billion bbl from the company’s 2023 analysis.

In cooperation with Cenpes, Petrobras’ research, development, and innovation centre, the partnership aims to improve the industry by bringing a next-generation downhole drilling system to fruition.

The new subsurface data includes ten narrow azimuth input 3D seismic surveys, processed by ION in 2022 using 3D pre-stack depth migration.