Oil & gas news

The Yellowtail Project is located in the Stabroek Block offshore Guyana, with water depth of 1600 - 2000 m.

Johan Castberg is Norway's northernmost oil field. The field will produce for at least 30 years.

Yellowtail’s ONE GUYANA floating production storage and offloading (FPSO) vessel joins the Destiny, Unity, and Prosperity FPSOs, bringing total installed capacity in Guyana to above 900 000 bpd of oil.

SAMSUNG E&A has announced that it received Letter of Award (LOA) for the Front-End Engineering Design (FEED) contract for the ‘Indonesia INPEX Abadi Onshore LNG Project’ from INPEX Masela Ltd, a subsidiary of Japan’s largest energy company INPEX.

The firm scope, expected to generate revenue in excess of US$45 million, will be executed using the Well-Safe Defender and consists of a minimum of 100 days of activity in 2026 and a minimum of 130 days in 2027.

The aggregate purchase price for the Blocks and Consortiums is US$15.55 million, subject to customary working capital adjustments as of the effective date of January 1, 2025.

MOL Group continues to diversify oil supply in the region: the company has imported 85 000 t of CPC blend crude oil and signed an oil trading agreement with Kazakhstan's national oil company, KazMunayGas (KMG).

The project adds 20 000 boe/d of gross peak annualised average production at the existing Argos platform.

The transaction between Triton and MacGregor’s previous owner, Hiab (former Cargotec) Corp., was closed on 31 July 2025.

The dismantled platform, weighing around 4000 t, is the largest ever dismantled and reused in Malaysia, with part of its structure already located on the seabed, where it will serve as a support for the creation of artificial reefs.