Upstream

MFE launches new offshore inspection division

MFE has announced the launch of MFE Offshore, a new division dedicated to subsea and offshore operations. Built to serve offshore oil and gas, offshore wind and other maritime operators, MFE Offshore offers technology, expertise and hands-on support made specifically for the harsh realities of offshore environments. Addressing Offshore Complexity Dylan Duke, CEO of MFE Inspection Solutions, said: “Offshore inspections are incredibly complex, and demand more than just good equipment. For over 30 years, MFE has supported industrial inspections by helping customers choose the right tools, train their teams, and build workflows that actually work in the field. MFE Offshore formalises that approach for subsea and offshore operations, bringing together specialised technology, deep technical support, and experienced offshore leadership.”... > read more

Williams accelerates wellhead to water...

Williams has announced a series of strategic transactions designed to advance its wellhead to water strategy and enhance its role in delivering reliable, low-carbon energy to global markets. The company has signed definitive agreements to sell its minority interest in the South Mansfield upstream asset to JERA for 398 million euros, plus deferred monthly payments through 2029 based on a predefined development plan. GEP Haynesville II, LLC, which holds the majority interest, will also sell its stake in South Mansfield while continuing to operate and develop the asset under a Contract Operating Agreement, ensuring operational continuity. GEP will retain ownership and operation of its other Haynesville assets not involved in this transaction........ > read more

bp announces hydrocarbon discovery

bp drilled exploration well 1-BP-13-SPS at the Bumerangue block, located in the Santos Basin, 404 kilometers (218 nautical miles) from Rio de Janeiro, in a water depth of 2,372 meters. The well was drilled to a total depth of 5,855 meters. The well intersected the reservoir about 500 metres below the crest of the structure and penetrated an estimated 500-meter gross hydrocarbon column in high-quality pre-salt carbonate reservoir with an areal extent of greater than 300 square kilometers.... > read more

McDermott awarded offshore contract

McDermott was awarded a sizeable offshore transportation and installation contract by BRAVA Energia, Brazil’s most diversified independent oil and gas company, for the Papa-Terra field in the Campos Basin and the Atlanta field in Block BS-4 within the Santos Basin, both offshore Brazil. Under the contract scope, McDermott will execute the transportation and installation of flexible pipelines, umbilicals and associated subsea equipment for two new wells at the Papa-Terra field and two new wells for the Atlanta Phase 2 development. The scope also includes pre-commissioning and onshore base support services. > read more

SLB OneSubsea and Subsea7 awarded

SLB has announced the award of a substantial engineering, procurement, construction and installation contract by bp to its OneSubsea™ joint venture and Subsea7 for the Ginger project, located offshore Trinidad and Tobago. This marks the first project awarded under the global framework agreement between bp and the Subsea Integration Alliance partners—SLB OneSubsea and Subsea7. The agreement represents a new approach to subsea project execution, fostering system-level optimisation through greater transparency, earlier engagement, and a novel commercial model that better aligns incentives for value creation throughout the lifecycle of joint projects..... > read more

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Continental Resources expands

Continental Resources has announced it has signed an Assets Sale and Purchase Agreement with Pan American Energy to acquire...
> read more

Williams accelerates wellhead to water...

Williams has announced a series of strategic transactions designed to advance its wellhead to water strategy and enhance...
> read more

SLB OneSubsea awarded

SLB has secured a significant contract from Petrobras through its OneSubsea™ joint venture, following a competitive tender...
> read more

Upstream News

MFE launches new offshore inspection division

MFE has announced the launch of MFE Offshore, a new division dedicated to subsea and offshore operations. Built to serve ... > read more

Continental Resources expands

Continental Resources has announced it has signed an Assets Sale and Purchase Agreement with Pan American Energy to acquire ... > read more

Williams accelerates wellhead to water...

Williams has announced a series of strategic transactions designed to advance its wellhead to water strategy and enhance ... > read more

bp announces hydrocarbon discovery

bp drilled exploration well 1-BP-13-SPS at the Bumerangue block, located in the Santos Basin, 404 kilometers (218 nautical ... > read more

McDermott awarded offshore contract

McDermott was awarded a sizeable offshore transportation and installation contract by BRAVA Energia, Brazil’s most diversified ... > read more

SLB OneSubsea and Subsea7 awarded

SLB has announced the award of a substantial engineering, procurement, construction and installation contract by bp to its ... > read more

Upstream News

TotalEnergies announces first oil

TotalEnergies has announced the commencement of production from the Ballymore deepwater field, located approximately 120 ... > read more

ExxonMobil announces leadership changes

ExxonMobil has announced that Liam M. Mallon, president of ExxonMobil Upstream Company and vice president of Exxon Mobil ... > read more

McDermott awarded FEED contract

McDermott International has been awarded a front-end engineering design contract by Repsol Exploración México S.A. for ... > read more

Vallourec strengthens operations

Since its inception, the New Vallourec plan has focused on industrial excellence to elevate the premiumization of Vallourec's ... > read more

ExxonMobil expands

ExxonMobil Low Carbon Solutions has announced a significant milestone in its carbon capture and storage efforts, securing ... > read more

Chevron announces US$6.5 bn sale

Chevron Canada Limited, an indirect subsidiary of Chevron Corporation, has announced the sale of its 20 percent non-operated ... > read more

Upstream News

QatarEnergy LNG awards McDermott EPCI Contract

McDermott has secured an engineering, procurement, construction, and installation (EPCI) contract from QatarEnergy LNG for ... > read more

SLB OneSubsea signs MoU with C-Power to explor

SLB OneSubsea™ has entered into a Memorandum of Understanding with C-Power to explore the potential of harnessing ocean ... > read more

Chevron to boost oil and natural gas

Chevron Corporation has announced the start of water injection operations at its Jack/St. Malo and Tahiti facilities in the ... > read more

Talos Energy announces

Talos Energy Inc. has announced that Tim Duncan has stepped down as president and chief executive officer, effective August ... > read more

Shell invests

Shell Offshore Inc., a subsidiary of Shell plc, has announced its final investment decision on a waterflood project at its ... > read more

SLB OneSubsea awarded

SLB has secured a significant contract from Petrobras through its OneSubsea™ joint venture, following a competitive tender ... > read more

Upstream News

McDermott secures EPCI contract

McDermott has been awarded a comprehensive engineering, procurement, construction, installation, hook-up, and commissioning ... > read more

ExxonMobil announces

Exxon Mobil Corporation reported second-quarter 2024 earnings of $9.2 billion, or $2.14 per share, reflecting industry-leading ... > read more

Kosmos Energy announces first oil production

Kosmos Energy Ltd. has announced the successful start-up of oil production at the Winterfell development in the Green Canyon ... > read more

Tellurian Inc strengthens balance sheet

Tellurian Inc. has successfully closed the sale of its integrated upstream assets for $260 million to affiliates of Aethon ... > read more

TXO Partners, L.P. enters

TXO Partners, L.P. announced today that it has entered into separate purchase agreements with Eagle Mountain Energy Partners ... > read more

Equinor divests interests

Equinor is selling 19.5 percent interests in production licenses PL 048E, which includes the Eirin field, and PL 1201 to ... > read more