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ConocoPhillips will sell its interests in the Gulf of Mexico Ursa and Europa fields to Shell for $735 million, both companies confirmed today. ConocoPhillips continues to work towards a strategy of divesting noncore assets, while Shell looks to strengthen its deepwater portfolio. View the full article
National Ocean Industries Association President Erik Milito has issued a statement after the Bureau of Ocean Energy Management (BOEM) rescinded NTL No. 2023-G01, Expanded Rice’s Whale Protection Efforts During Reinitiated Consultation with NMFS. View the full article
Caterpillar Oil & Gas has launched its new Cat® Dynamic Gas Blending™(DGB) Gen 2 Kit. The solution enables drilling companies to utilize existing 3512C Tier 2 power solutions to lower greenhouse gas (GHG) emissions and reduce total cost of ownership. View the full article
The Railroad Commission of Texas assessed $1,346,019 in enforcement docket fines against operators and businesses at the Commissioners’ open meeting on Wednesday. The Commission has primary oversight and enforcement of the state’s oil and gas industry and intrastate pipeline safety. View the full article
Seatrium Offshore Technology has won an international tender from International Maritime Industries (IMI), the largest shipyard in the MENA region, for the supply of equipment and license for a LeTourneau Super 116E Class Self-Elevating Drilling Unit (SE-MODU), Kingdom 3. View the full article
SUARDIAZ Group has unveiled its new subsea vessel, RS Alegranza, at the Astander shipyard in Cantabria. The vessel will undergo harbor and sea acceptance tests to ensure offshore compliance before beginning operations in the North Sea. View the full article
Exxon Mobil Corp. outlined plans to increase natural gas production from Guyana and is considering export options, country manager Alistair Routledge said, citing pressure from the government to do more with the natural gas that’s found alongside its crude. View the full article
Ecopetrol SA sees “great potential” for E&P activity in Colombia alongside bets on U.S. fracing and offshore gas. Ecopetrol has full ownership of the CPO-09 block in Colombia's oil-rich eastern plains after completing its $452 million acquisition of Repsol SA’s 45% stake. View the full article
Wood has been awarded a $120 million contract extension by Shell UK to provide brownfield engineering, procurement and construction (EPC) and subsea and integrity management to onshore and offshore assets across the UK. View the full article
EnerMech has secured a five-year contract extension to provide North Oil Company (NOC) with leak testing and flange management services. The award, in the Al Shaheen Oil Field, Qatar, reinforces EnerMech’s expertise and strong relationship with NOC. View the full article
Repsol has announced a partnership to adopt IBS Software's iLogistics Control Tower solution, streamlining logistics and providing an end-to-end view of the supply chain to enhance decision-making and operational efficiency across its operations. View the full article
Sentinel's Texas GulfLink deepwater port has received approval from the U.S. DOT's Maritime Administration, marking a critical step forward for crude oil exports after a multi-year review process. View the full article
Draeger Safety UK has secured a contract extension with INEOS O&P UK. A direct continuation of the existing work scope, the agreement covers the provision and maintenance of Portable Gas Detection and Rental Robot services to support the company’s operations. View the full article
Energy industry confidence in reaching global net-zero targets is fading as policy instability, financial uncertainty and slow project approvals continue to hinder progress, according to Net Zero Jeopardy Report II by the Energy Industries Council’s (EIC) View the full article
Subsea connection systems provider UNITECH Offshore, and thermoplastic composite pipe (TCP) manufacturer, Strohm, have signed a memorandum of understanding (MoU) to develop and commercialize an integrated system for the transportation of fluids and gases. View the full article
SBM Offshore announced that its FPSO Almirante Tamandaré is formally on hire as of February 16, 2025 after achieving first oil and the completion of a 72-hour continuous production test leading to Final Acceptance. View the full article
Zion Oil & Gas announced a significant operational milestone as work resumes on the recompletion of the Megiddo-Jezreel 1 (MJ-01) well in Israel. This marks a crucial phase in Zion’s ongoing efforts to unlock Israel’s onshore energy potential. View the full article
Malaysia’s state-owned oil company Petronas (Petroliam Nasional Bhd) is in talks with banks for a potential $1 billion loan to fund a liquefied natural gas (LNG) project, according to people familiar with the matter. View the full article
Wood has been selected to provide operations and maintenance solutions for MTR Carbon Capture at the world’s largest membrane-based carbon capture plant in Gillette, Wyoming, the global consulting and engineering firm announced. View the full article
Malaysia’s state-owned oil company Petronas (Petroliam Nasional Bhd) is in talks with banks for a potential $1 billion loan to fund a liquefied national gas (LNG) project, according to people familiar with the matter. View the full article
Wood has been selected to provide operations and maintenance solutions for MTR Carbon Capture at the world’s largest membrane-based carbon capture plant in Gillette, Wyoming, the global consulting and engineering firm announced. View the full article
Drilling waste management specialist, TWMA*, has announced a landmark partnership with a multinational energy operator for its inaugural exploration project in Egypt, located offshore in the Mediterranean Sea. View the full article
Mozambique stands out as a key player in natural gas production and plays a crucial role in Africa’s agenda to expand electricity access and clean cooking solutions, according to NJ Ayuk, Executive Chairman of the African Energy Chamber. View the full article
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