Oil & gas news

Chevron Corporation has announced that it has entered into a definitive agreement with Hess Corporation to acquire all of the outstanding shares of Hess in an all-stock transaction valued at US$53 billion.

Global oceans insights experts Miros, through local partner Belga Marine, has won a contract with Brazilian oil major Petrobras to update its existing oil spill detection efforts.

The report provides the current status of, and contract information for, the company’s fleet of offshore drilling rigs.

Adrian Lara, Principal Research Analyst, Latin America Upstream Oil and Gas for Wood Mackenzie, addressing the US Treasury Department’s partially lifted sanctions on Venezuela’s oil and gas sector.

The number of serious incidents per million hours worked is still declining at the end of the third quarter, measured over the past 12 months.

The Nganhurra Riser Turret Mooring (RTM) has been safely and successfully lifted onto a barge off North West Cape in Western Australia and is now transiting to the Australian Marine Complex (AMC) near Perth.

Seatrium Ltd (Seatrium) has announced the successful delivery of the floating production unit (FPU), Whale, for deployment in the Gulf of Mexico, in accordance with the contract secured in November 2019 with Shell Offshore Inc.

Production from the Breidablikk field in the North Sea started on 20 October, four months ahead of schedule and within budget.

The company has made two key appointments to strengthen its sales and operations team as the business experiences continued growth across Europe and the US.

The Energy Information Administration estimate that U.S. marketed natural gas production in the Lower 48 states (L48) will grow by 5% in 2023 and 2% in 2024.