Oil & gas news

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.

Crude burn – the direct use of crude oil in power plants and industrial facilities, primarily for electricity generation – has long been a staple in Saudi Arabia’s energy mix.

TotalEnergies has announced the start of production from the deepwater Ballymore field offshore US, in which the Company has a 40% interest alongside operator Chevron (60%).

Malaysia emerges as a key site for marine and engineering bidding with the deployment of 39 different projects over the next three years.

Kongsberg Discovery transforms ocean data management with Blue Insight Geomatics launch.

SPIE awarded general maintenance contract with Sonangol Exploração & Produção for the Block 3/05 oil complex.

Three year cranes and lifting services contract for the Anasuria floating production storage and offloading (FPSO) vessel.

Miros announces a significant update to its Oil Spill Detection (OSD) system.

The US Energy Information Administration (EIA) expects recent developments in global trade policy and oil production to contribute to lower global demand growth for petroleum products through 2026.