Oil & gas news

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.

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.