Oil & gas news
The cost of capital discipline: Big Oil faces production cliff edge
30 of the world’s largest companies must find 22 million bpd by 2040. Companies will need to deploy every tool in the business development playbook to square the circle
Bilfinger secures strategic offshore and onshore access and fabric maintenance contracts, strengthening UK energy sector presence
Bilfinger has secured two high-profile maintenance contracts that significantly strengthen its presence across both offshore and onshore energy operations in the UK.
World Pipelines launches UK-focused CCS Forum to tackle UK CO2 transport build-out
World Pipelines to host dedicated UK CCS infrastructure forum, on 18 March 2026, in London.
Kongsberg Discovery consolidates multibeam leadership with new EM2042 models for naval and deep-sea operations
The new EM2042 DR600 and EM2042 BNS build on the market proven EM2042 platform, sharing its successful next-generation acoustic architecture, while addressing two distinct operational needs.
Celeros Flow Technology signs strategic corporate procurement agreement with Aramco
Marking a key milestone in the two companies’ strategic partnership.
Eni expands African exploration footprint with major discoveries in Ivory Coast, Angola
New discoveries in Ivory Coast and Angola reinforce Eni’s dual strategy of frontier exploration and near-field reserve growth in Africa.
Wood Mackenzie: UK Energy Transition Outlook shows 12-point gap on 2030 climate target despite £1.5 - 2.1 trillion investment pathway to 2060
Nearly all 2030 targets now unattainable despite historic coal phaseout; offshore wind deployment trails by 20% as government races to address grid bottlenecks and spiralling costs.
Hogan Lovells represents Transocean in agreement to acquire Valaris
Hogan Lovells represents Transocean in its acquisition of Valaris, creating combined company with value of US$17 billion.
ABL awarded offshore gig at Egypt’s Kamose field
Energy and marine consultancy ABL has been appointed to provide marine warranty survey services to support the offshore construction for the Phase 4 development of the Kamose offshore gas field development in the Mediterranean Sea for North Sinai Petroleum Company (NOSPCO).
Geoinform Ltd., subsidiary of the MOL Group, signs strategic cooperation agreement with Baker Hughes
The collaboration aims to introduce state of the art, innovative oil and gas technologies capable of meeting emerging market demands and significantly increasing the operational efficiency of the industry.