Oil & gas news

The company has announced the appointment of James Griffin, who has joined the business in the role of Regional Manager, overseeing sales and operations for the company’s Europe and West Africa business unit.

This project will cover over 1800 km of new 2D seismic data across the southeastern part of the basin, using a 12 km long offset streamer.

The UK government’s announcement of further changes to the Energy Profits Levy (EPL), a windfall tax aimed at oil and gas companies operating in the North Sea, could paralyse upstream investment for the duration of this parliament if implemented in the October budget according to new research by Wood Mackenzie.

bp has taken a final investment decision on the Kaskida project in the US Gulf of Mexico. This demonstrates bp’s long-term commitment to deliver secure, affordable and reliable energy.

Subsea7 has announced the award of a sizeable contract by bp to Subsea Integration Alliance, for the Murlach development (formerly Skua field), 240 km east of Aberdeen in the UK North Sea.

Deal marks largest commercial award for pipe supply in company’s 16-year history and a first project in the Brazilian pre-salt.

After peaking in 2023, Lower 48 well costs are expected to decline 10% in 2024 and 1% in 2025, according to a recent report from Wood Mackenzie.

The project work scope covers the engineering, procurement, construction and installation of the subsea pipelines (SURF) and production systems (SPS).

The company outlines its expectations for the UK and Norway’s oil and gas production and exploration in the year ahead.

Northern Oil and Gas has announced that it has entered into a definitive agreement to acquire a 20% undivided stake in the Point Assets in the Delaware Basin, in partnership with Vital Energy, Inc., for a purchase price net to NOG of US$220 million in cash, subject to typical closing adjustments.