Drilling & production

Equinor CEO Anders Opedal said the move aligns with expectations of continued global demand for fossil fuels.

The International Gas Union (IGU) and Hawilti, supported by Africa Finance Corp., have released the second edition (2025) of Gas for Africa Report.

The company is addressing outstanding issues including securing payment mechanisms for gas sales and an updated plan of development for the Jubilee oilfield.

The project is located within the Kepala Burung production sharing contract (PSC), specifically in the Arar block, approximately 23km east of the company’s existing Arar production cluster.

This development is part of a sequence of recent achievements in Egypt’s oil and gas exploration activities.

An independent study commissioned by Ithaca Energy and endorsed by OEUK shows that 65% of UK crude production ultimately serves the UK market through the European refining network.

Under the contract, Wood will manage engineering, procurement and construction projects.

Oil giant ConocoPhillips says that is has struck gas off the coast of southeastern Australia after beginning its maiden exploration drilling on November 1, according to Reuters.

AGR’s resourcing services business has entered into a five-year frame agreement to deliver technical personnel and workforce to Vår Energi.

TotalEnergies (40%, operator) and its partners QatarEnergy (35%) and Petronas (25%) have signed a production sharing contract for Block S4 with Guyana’s Ministry of National Resources represented by His Excellency Vickram Bharrat, following the block’s 2023 award in the Guyana 2022 Licensing Round.

Vallourec has been awarded a second time by TotalEnergies to supply casing, tubing, and associated accessories for the drilling of 48 wells for the Associated Gas Upsteam Project 2 (AGUP2) Project, one of the main components of the Gas Growth Integrated Project (GGIP) operated by TotalEnergies in Iraq, alongside its partners Basra Oil Co. and Qatar Energy.

EnerMech has embarked on a multi-year, high-value investment program across its Americas operations, reinforcing its long-term commitment to the region and its people.

The deployment successfully optimises the gas treatment unit, reducing energy and chemical use.

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.

EnerMech has been awarded a pipeline pre-commissioning contract by McDermott in support of Shell Trinidad and Tobago’s Manatee gas development. The company will deliver critical services across a 115 km, 32 in. offshore pipeline.