Upstream news

Murphy Oil Corporation has announced that a subsidiary has signed a Purchase and Sale Agreement to acquire an FPSO vessel from BW Offshore.

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.

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.

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.

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.

Centrium Energy Solutions, an oil and gas chemical supplier, has announced it has developed a domestic distribution model that solves critical challenges in sourcing, logistics and performance.

Hunting PLC, the precision engineering group, has announced the acquisition of the Organic Oil Recovery (OOR) technology from its founding shareholders, for a consideration of US$17.5 million.

Equinor and its partners, Okea and Pandion Energy, have proven gas and condensate in the Mistral Sør exploration well in the Halten area, situated in the southern part of the Norwegian Sea.

Valeura Energy Inc. has announced the successful completion of an infill drilling campaign at the Manora field in Licence G1/48 (70% operated working interest), offshore Gulf of Thailand.

Fluor has announced that it successfully led a joint venture that supported the completion and startup of Tengizchevroil’s (TCO) Future Growth Project (FGP) at the Tengiz oilfield in Kazakhstan.