Upstream news
Petrobras reports results of exploratory well in Santos Basin
Petrobras has announced that it has identified the presence of hydrocarbons in the Santos Basin pre-salt, in an exploratory well of Aram block.
Liza Unity becomes world’s first FPSO to receive ABS SUSTAIN-2 notation
The ABS-classed Liza Unity has become the first FPSO in the world to receive the SUSTAIN-2 notation from ABS.
Equinor announces natural gas production at Halten East development, Norwegian Sea
Equinor has started production at the Halten East development in the Norwegian Sea, two years following approval from Norwegian authorities.
Libya's Mabruk oilfield resumes production after ten years
The country has experienced fluctuating oil production due to internal strife since the fall of Muammar Gaddafi in 2011.
Salunda launches wireless latch monitoring for red zone safety on drilling rigs
Salunda has announced it has launched the Latch Hawk 2 fingerboard latch monitoring device, with the aim of preventing dropped objects and improving safety during pipe handling on offshore drilling rigs.
Murphy Oil Corporation announces strategic acquisition of FPSO vessel in Gulf of Mexico
Murphy Oil Corporation has announced that a subsidiary has signed a Purchase and Sale Agreement to acquire an FPSO vessel from BW Offshore.
EIA updates forecast for 2025 US natural gas prices, expects oil prices to decrease later in the year
The US Energy Information Administration (EIA) revised its forecast for 2025 average US benchmark Henry Hub natural gas spot prices upward following a cold end to February.
Westwood: Deferred well plug and abandonment could add US$5.5 billion to UK decommissioning bill
Latest analysis from Westwood Global Energy Group (Westwood), the specialist energy market research and consultancy firm, reveals the extent of financial and logistical hurdles for North Sea decommissioning.
Powering the future of carbon capture: the role of synchronous motors
Adnan Ashraf, Global Industry Manager, ABB Large Motors and Generators, describes how medium-voltage synchronous motors help ensure the success of global CCUS deployment and implementation.
FPT provides Artificial Intelligence to Indonesia’s largest oil company, Pertamina
Global IT corporation FPT recently entered a partnership agreement with Indonesia’s state-owned oil and natural gas corporation, Pertamina, to drive AI-powered innovation in the energy sector.