Oil & gas news

Baker Hughes will provide Equinor plug and abandonment (P&A) services in the Oseberg East field on Norway’s continental shelf.

ADNOC Drilling will acquire a 70% stake in the JV with SLB, with the transaction expected to be earnings, cashflow and returns accretive.

Subsea7 will be responsible for transporting and installing flexible pipelines, umbilicals, and associated subsea components for the connection of a floating production, storage and offloading (FPSO) vessel as well as the pre-laying activities for an upcoming drilling campaign.

Strategic agreements announced during UAE-US business dialogue with President Trump will potentially enable US$60 billion of US investments in UAE energy projects.

ABS issued an approval in principle to SBM Offshore for its concept of a near zero floating production storage and offloading (FPSO) unit.

The sale includes a five-year contract to provide ONGC with dedicated on-premises Sercel software and support services.

3t Drilling Systems signs long-term contract to redesign and develop IADC’s accredited online learning platform, KREW.

The completion of Europe’s first offshore CO2 carrier marks a pivotal milestone in the energy transition and the advancement of carbon capture and storage (CCS) infrastructure within Europe.

The energy industry is braced for short-term uncertainty caused by global instability, but remains optimistic in the long-term, according to DNV’s annual Energy Industry Insights survey.

Management estimates indicate 56 million barrels oil in place of which approximately 25 million barrels are considered recoverable.