Upstream news

New US$27 million EPCI contract with Equinor in the Norwegian North Sea.

Regional leaders will examine grid integration, regulatory reforms and investment opportunities shaping West Africa’s evolving power market.

Norwegian Ocean services provider DeepOcean is close to finishing a contract from TotalEnergies involving the disconnection and towing of the Gryphon Alpha floating production storage and offloading (FPSO) unit, along with the removal of related subsea infrastructure.

Equinor CEO Anders Opedal said the move aligns with expectations of continued global demand for fossil fuels.

TotalEnergies announces that its subsidiary TotalEnergies EP Nigeria (TEPNG) has completed the divestment of its 12.5% non-operated interest in the OML118 Production Sharing Contract (PSC).

Shell Nigeria Exploration and Production Company (SNEPCo), a subsidiary of Shell plc, has completed the previously announced agreement and increased its stake in the OML 118 Production Sharing Contract (OML 118 PSC) from 55% to 65%.

OML 118 is an offshore Nigerian license that includes Bonga producing field, in which NAE holds non-operating interests.

Report notes that contractors have become central to the industry’s decarbonisation efforts.

Octasense captures eight critical insights in a single descent, potentially saving millions of US dollars per campaign.

In this interview, Senior Geophysicist Ameur Hamdane discusses how FWI is sharpening subsurface clarity, reducing drilling risk, and enabling new energy applications. Interview by Ellen F. Warren.