Oil & gas news
Nasdaq listed JV partner Greenland Energy Co. (GLND) raises US$70 000 000 Jameson drilling funded with 80M retaining 30% interest
GLND intends to use the net proceeds from the offering to fund exploration and appraisal activities in the Jameson Land Basin (Jameson), as well as for general corporate purposes.
Subsea7 awarded contract offshore Angola
Subsea7 today announced the award of a substantial engineering, procurement, construction, and installation (EPCI) contract by ExxonMobil to Subsea Integration Alliance (SIA) for a subsea tie-back associated with the Redevelopment 2.0 Likembe Project in Block 15, offshore Angola.
JDR to provide subsea control umbilicals for Amplitude Energy’s East Coast Supply Project, supporting gas delivery to Victoria
JDR will supply approximately 18 km of hydraulic control umbilicals, with options for a further 13 km, subject to drilling success.
Wood Mackenzie: UAE exit rattles OPEC’s grip on the oil market and increases risk of medium-term oil price decline from 2027 as market share competition emerges
The United Arab Emirates' withdrawal from OPEC, effective 1 May 2026, represents the most significant fracture in the organization's 66-year history and increases the risk of oversupply weakening prices, according to analysis published today by Wood Mackenzie.
Geolander pioneers high-density nodal seismic in Angola with first STRYDE deployment
The project, led by Geolander, will support a major oil and gas operator’s carbon capture and storage (CCS) ambitions by improving understanding of subsurface conditions and storage potential.
Odfjell Technology signs MoU with ANT to deliver advanced P&A solution in Southeast Asia
Odfjell Technology has signed a Memorandum of Understanding (MoU) with Applied New Technologies (ANT) to work together to deliver a next generation erosion tool for well plug and abandonment (P&A) projects across Southeast Asia.
TAQA UK celebrates 30 years of production from Harding North Sea platform
Located in the Central North Sea, Harding has played a pivotal role in powering homes, fueling industry and playing a vital role in the UK’s economy for three decades.
KBR announces strategic UK investment in AI
KBR has announced a strategic investment in UK-based Applied Computing, marking a significant step forward in KBR’s AI driven growth strategy. As part of the investment, KBR has also secured a board position in the company.
Urgent oil and gas decommissioning could deliver 25 000 jobs for North Sea workers
Urgent action to ensure oil and gas companies meet their legal obligations to safely remove ageing oil and gas infrastructure from the North Sea could create up to 25 000 UK jobs and deliver up to £15 billion in economic benefit to the UK, a new first-of-its-kind report shows.
Wood Mackenzie analysis: major oil companies increase high-impact exploration investment to address 300 billion bbl supply gap and energy security priorities by 2050
The world's 30 largest exploration and production companies face production declines averaging nearly 40% between 2025 and 2040.