Africa needs US$375 billion to develop natural gas sector, says Society of Petroleum Engineers (SPE)
With 17 high impact wells completed in 2025, Africa will need significant investment to support natural gas demand in the near-medium term.
Offshore & subsea
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Wood Mackenzie reveals five corporate oil and gas themes to look out for in 2026
Share buybacks at risk as companies face toughest strategic balancing act yet.
Saipem achieves ISO 55001:2024 certification from DNV for offshore asset lifecycle management
The certification applies to Saipem’s entire offshore asset portfolio, including construction vessels, drilling ships and platforms, floating production and storage units, as well as related onboard equipment – such as pipe-handling systems, cranes, mobile equipment and ROVs – and support activities at logistics bases and offices.
Saipem: third extension of contract with Aker BP for Scarabeo 8 for offshore drilling activities in Norway into 2028
Saipem announces that Aker BP has exercised a new option to extend the contract for the semi-submersible drilling unit Scarabeo 8, prolonging its deployment for an additional year.
Backfire: Trump’s methane policy vs US producers
The Trump administration this week tried to browbeat European Union leaders, claiming that regulations limiting methane emissions from the production of imported natural gas hurt US companies exporting that gas.
New research reveals major gaps in disclosure of decommissioning liabilities for oil and gas infrastructure
Oil and gas companies in the UK, Canada and Australia are failing to fully disclose the costs of decommissioning their fossil-fuel-related infrastructure, leaving investors with incomplete and non-comparable information.
Shell invests in Kaikias waterflood to unlock production in Gulf of Mexico
Water will be injected to displace additional oil in the reservoir formation which supplies production to Shell’s Ursa platform in the Mars Corridor.
More Offshore & subsea news
DeepOcean selected as Vår Energi’s IMR partner
The contract has a firm duration of five years, running until end of October 2030, with options to extend for up to an additional four years.
Dräger secures major North Sea gas detection and monitoring contract
The deal marks the fourth large-scale multi-gas monitor changeout delivered by Dräger for same client.
WFW advises Borr on US$360 million acquisition of five premium jack-up rigs from Noble
Watson Farley & Williams advised Borr Drilling Limited on the acquisition.
bp starts up seventh major project of 2025
bp has successfully delivered first oil from the Atlantis Drill Center 1 expansion.
Viridien announces new seismic reimaging programme over block 22 offshore Angola to support upcoming licensing round
The 4300 km2 high-end data set will bring valuable insight into under-explored structures along the Atlantic Hinge zone, following the same trend as the proven Cameia and Golfinho fields.
Vissim engaged at Qatari offshore field
A Qatar-based oil and gas operator has engaged technology company Vissim to deliver a vessel collision avoidance system using Vissim’s software, thereby enhancing maritime awareness and safety at an undisclosed oil field offshore Qatar.
New discovery makes 2025 a standout exploration year for Aker BP
Aker BP and operator Equinor have made a significant gas and condensate discovery in the Lofn and Langemann wells in the Sleipner area of the North Sea. Gross recoverable volumes are estimated at 30 to 110 million boe.
Equinor makes new discoveries in the North Sea
These are Equinor’s largest discoveries so far this year and can be developed for the European market through existing infrastructure.