Stay up to date with the latest news and updates from the oil industry.
TMC Compressors (TMC) has been awarded a contract by COSCO Shipping Heavy Industry to deliver a complete marine compressed air system to SBM Offshore’s newbuild floating storage and offloading (FSO) unit, Chalchi.
Viridien and SLB have entered into an agreement with the Egyptian Natural Gas Holding Company (EGAS) to launch a massive multi-client ocean bottom node (OBN) seismic acquisition and imaging programme in Egypt’s Eastern Mediterranean offshore.
Investment to fall as Norway projects unwind while UK faces lowest spending in over 50 years.
New P&ID Viewer and Editor bridges decades of legacy documentation with reality capture and BIM to transform decision-making in oil, gas and heavy industry.
PT Elnusa Tbk (Elnusa), Indonesia’s leading integrated energy services company, continues to reinforce its technology and innovation edge by investing in next-generation nodal seismic systems to accelerate onshore exploration activities across the country.
The US’s first US$500 million sale of Venezuelan crude marks a strategic reset in hemispheric energy relations as Latin America and the Caribbean enter a critical investment moment.
The landmark agreement establishes the UK’s first commercial-scale lease of the seabed for permanent offshore CO2 storage and associated pipeline infrastructure, providing a template for future carbon capture and storage (CCS) projects around the UK’s coastline.
Amir Samoiloff, CEO of SIGA, explores how, in cyber incidents, the real operational risk often comes not from immediate physical damage but from the inability to quickly verify the true physical state of assets.
DNV approval validates ModuSpec’s integrated Argus well control assurance platform, paving way for deployment in the Norwegian offshore market.
Chevron’s South N’dola Platform in Angola delivered first oil in December. The milestone comes just over two years after construction on the platform began.
Petrobras announces that, in 2025, its oil production reached 2.40 million bpd, exceeding the upper limit of the target (+4%) set in its 2025 - 2029 Business Plan by 0.5 percentage points.
Electricity demand growth is surging as data centres are becoming the new 'industrial load' of the artificial intelligence (AI) economy, and their electricity consumption is projected to double to 800 - 1000 TWh by 2030.