Oil & gas news

A new report shows that deliveries to exploration, operation and modification of Equinor-operated fields and onshore plants in Norway exceeded 93 billion NOK in 2022, an increase of approximately 13% from the previous year.

MODEC, and Terra Drone Corporation has signed a memorandum of understanding (MOU), for the technical development of inspection drones for FPSO (floating production, storage and offloading system), a typical offshore platform.

The company has announced the award of a sizeable contract by Shell for the decommissioning of subsea infrastructure associated with the FPSO Fluminense in the Bijupirá and Salema fields of the Campos Basin.

The company has announced that it has entered into a definitive agreement with industrialisation and energy services company, TAQA, to sell its entire 49% stake in Arabian Geophysical and Surveying Company (ARGAS).

Sanoat Energetika Guruhi has commenced geological explorations at the Baysun deposit in the Surkhandarya region of Uzbekistan.

The company has completed the sale of the entirety of the shares of TotalEnergies EP Canada Ltd. to Suncor, comprising its participation in the Fort Hills oil sands asset and associated midstream commitments.

Oil markets are eagerly awaiting the OPEC+ meeting on 26 November, in anticipation of what kingpin Saudi Arabia decides over its voluntary crude oil production cuts of 1 million bpd.

Dana Petroleum and NEO Energy have announced the signing of a sale and purchase agreement under which NEO Energy will acquire Dana’s full equity in the Western Isles FPSO.

As a result of the order issued by the United States court of appeals for the fifth circuit, the Bureau of Ocean Energy Management (BOEM) has scheduled Lease Sale 261.

The platform gathers, analyses and verifies diagnostic data from instruments remotely, without interrupting current measurement tasks.