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Repsol will extend its co-innovation collaboration with Accenture to continue advancing the goals of its Digital Program and accelerate the use of generative AI (gen AI) across the company, through the introduction and deployment of AI agent systems. View the full article
Makai Ocean Engineering has announced a collaboration with Triton Software Ltd to integrate the Ocean Vector Chart Service (OVCS) and provide seamless access to high resolution nautical charts directly in MakaiPlan, its submarine cable route planning software. View the full article
DNO ASA reported 2024 revenues of USD 667 million on the back of robust production in the Kurdistan region of Iraq and continued North Sea expansion. Net production climbed 50% year-on-year to 77,300 boed combined from Kurdistan, North Sea and West Africa operations. View the full article
ADNOC Gas has announced record earnings for the full year (FY) 2024 of $5 billion, and its highest quarterly income of $1.38 billion since its IPO. The robust improvement was driven by several factors including a richer mix of gas, producing more liquids, and improved commercial terms in the domestic market. View the full article
VIKING Life-Saving Equipment is strengthening its position in boat manufacturing by investing in a new manufacturing facility in Arendal, Norway. The new building covers 3,400 sqm and is designed to meet requirements for high-end freefall boats in the offshore segment. View the full article
The National Ocean Industries Association expressed its strong support for the series of Secretarial Orders signed by U.S. Secretary Doug Burgum to unleash America's energy potential. "American energy leadership is back," said President Erik Milito. View the full article
Saab UK has announced the official opening of a new manufacturing facility. Opened by the Rt Hon Jonathan Reynolds MP, Secretary of State for Business and Trade, the facility will develop, manufacture, and support Saab's radar systems and Seaeye underwater robotics portfolio. View the full article
The 2025 Offshore Energy Vessel of the Year Award went to IWS Seawalker, a 90-meter CSOV designed and equipped by Kongsberg Maritime, during a ceremony at the Annual Offshore Support Journal Conference in London. View the full article
The American Petroleum Institute (API) has released its ‘2025 API Standards International Usage Report’, detailing the growing international influence of API standards, and highlighting its paramount role in advancing safety, sustainability, and efficiency across the global oil and gas industry. View the full article
The National Ocean Industries Association expressed its strong support for the series of Secretarial Orders signed by Secretary Doug Burgum to unleash America's energy potential. "American energy leadership is back," said President Erik Milito. View the full article
McDermott has completed transportation, installation, and commissioning activities for the Kikeh subsea gas lift project in under eight months. The Kikeh field first came on stream in 2009 as one of Malaysia's largest deepwater developments. View the full article
"We could not be more proud of Leslie's appointment as Assistant Secretary of Land and Minerals Management. Her unwavering commitment to the energy sector and her innate ability to bring stakeholders together will serve the Department of the Interior well," the EWTC stated. View the full article
"IPAA has always opposed the methane tax and believe it is a tax designed to hamper American oil and gas production. We encourage Congress to work with the Trump Administration to eliminate it as soon as possible," IPAA CEO Jeff Eshelman stated. View the full article
Argent LNG has selected Baker Hughes as the liquefaction solution and related services provider for its proposed LNG export facility in Port Fourchon, La. The facility is set to deliver approximately 24 million tonnes per annum (MTPA) of liquefied natural gas. View the full article
The American Petroleum Institute (API) and Energy Workforce & Technology Council (EWTC) have both issued statements of support following the U.S. Senate’s confirmation of Chris Wright to lead the U.S. Department of Energy. View the full article
(Bloomberg) – BP Plc is pushing back plans to make renewable fuels on the site of its former Kwinana oil refinery in Australia, amid a broader cost-cutting drive within the company. BP has previously said it was looking at producing green hydrogen at Kwinana in addition to renewable fuels. View the full article
(Bloomberg) – ADNOC will transfer stakes in some U.S. assets to its new international investment firm, XRG PJSC. ADNOC's holdings in a hydrogen venture with Exxon Mobil Corp. and NextDecade Corp.’s LNG export project will move to XRG, according to CEO Sultan Al Jaber. View the full article
Shell has restarted production at the Penguins field in the UK North Sea with a new FPSO facility. Shell UK is the operator, and NEO Energy owns 50% interest. The Penguins FPSO is the first Shell-operated new facility in the North Sea in more than 20 years. View the full article
SLB OneSubsea™ has secured a contract with Vår Energi to deliver subsea production systems (SPS) for offshore Norway developments. The award leverages the existing strategic subsea partnership agreement between the two companies. View the full article
The FPSO Baobab Ivoirien MV10, operated by Canadian Natural Resources International (CNRI), ceased hydrocarbon production on schedule Jan. 31, CNRI's partner VAALCO Energy announced. The vessel will be transported to Dubai for refurbishment. View the full article
Upstream M&A activity is expected to slow significantly in 2025 following two years of record-high transactions driven by U.S. shale mergers, reports Rystad Energy in its latest analysis, estimating the global deal pipeline value at $150 billion. View the full article
Abyss Solutions has signed a research and development contract with Petrobras. The partnership focuses on the development of an innovative image contextualization and enrichment service capable of aggregate engineering and operational metadata. View the full article
(Bloomberg) – Nigeria, Africa’s biggest oil producer, has set itself a target of boosting daily production by about three fifths to 2.7 million barrels of crude and condensate by 2027, an adviser to the country’s president said. View the full article