Upstream

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

TotalEnergies announces first oil

TotalEnergies has announced the commencement of production from the Ballymore deepwater field, located approximately 120 kilometres off the coast of Louisiana in the U.S. Gulf of Mexico. The company holds a 40 percent interest in the project, alongside operator Chevron, which holds the remaining 60 percent. Launched in May 2022, the Ballymore field boasts a gross daily production capacity of 75,000 barrels of oil and 50 million cubic feet of gas. The hydrocarbons are processed via a tie-back to the Chevron-operated Blind Faith floating production unit, leveraging existing infrastructure and standardised equipment to reduce both development costs and emissions intensity....... > 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...
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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

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Aethon Energy to acquire

Tellurian Inc. and Aethon Energy Management LLC have announced a definitive agreement for Aethon to acquire Tellurian’s ... > read more

BW Energy reports Q1 2024

BW Energy, the operator of the Dussafu Marin licence in Gabon and the Golfinho cluster offshore Brazil, reported an EBITDA ... > read more

PETRONAS makes latest oil and gas discovery

PETRONAS Suriname E&P B.V., a subsidiary of PETRONAS, has announced its third hydrocarbon discovery in Block 52 at the Fusaea-1 ... > read more

Equinor and Petoro agree

Equinor and Petoro have entered into a value-neutral asset swap agreement in the Haltenbanken area, marking a strategic realignment ... > read more

BW Energy provides Q1 2024 operations update

BW Energy, the operator of the Dussafu Marine licence in Gabon and the Golfinho cluster offshore Brazil, has provided an ... > read more

ExxonMobil completes acquisition of Pioneer

Exxon Mobil Corporation has officially concluded its acquisition of Pioneer Natural Resources Company, marking a transformative ... > read more

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Touchstone exploration announces acquisition

Touchstone Exploration Inc. has announced an agreement with Trinity Exploration and Production Plc for an all-share acquisition, ... > read more

ExxonMobil Guyana moves forward

ExxonMobil has reached a significant milestone with the final investment decision for the Whiptail development offshore Guyana, ... > read more

Petrobras discovers oil

Petrobras has made a significant oil discovery in the ultra-deep waters of the Potiguar Basin at the Anhangá exploratory ... > read more

Mountain V Oil & Gas completes acquisition

Mountain V Oil and Gas, a leading player in the energy sector, has announced the acquisition of AXP Energy, an Australian ... > read more

APA Corporation completes acquisition

APA Corporation has announced the successful completion of its acquisition of Callon Petroleum Company. The transaction received ... > read more

Glenfarne Energy transition’s Texas LNG

Texas LNG Brownsville LLC, a subsidiary of Glenfarne Energy Transition, LLC, has inked a Heads of Agreement with Gunvor Group's ... > read more

Previous Upstream News

EverWind Fuels completes FEED

EverWind Fuels, a key player in Atlantic Canada's green energy sector, has wrapped up its FEED and FEL-3 stages with Black ... > read more

McDermott reaches

McDermott has proudly announced the mechanical completion of a groundbreaking industrial-scale biosurfactant plant for Evonik. ... > read more

EIG’s MidOcean Energy completes acquisition

MidOcean Energy, under the stewardship of EIG, has completed the acquisition of Tokyo Gas Co., Ltd’s interests in several ... > read more

McDermott awarded offshore contract

McDermott International, Inc. has secured a significant offshore transportation, installation, and commissioning contract ... > read more

TotalEnergies embarks on LNG expansion

In a significant move towards diversification, TotalEnergies is extending its footprint in the LNG sector, adding a new chapter ... > read more

30 projects to reach FID in 2024

According to a new report from Wood Mackenzie, there could be up to 30 upstream projects with a size of over 50 million barrels ... > read more

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Baker Hughes’ emissions abatement technology

Baker Hughes, an energy technology company, has achieved a breakthrough in flare emissions monitoring through a collaboration ... > read more

Texas LNG advances

Texas LNG, a subsidiary of Glenfarne Energy Transition, LLC, and a four million tonnes per annum liquefied natural gas export ... > read more

ABL to support

Energy and marine consultancy ABL has secured a contract from LLOG Exploration to deliver marine warranty survey services ... > read more

Baker Hughes secures

Baker Hughes an energy technology company, announced a significant contract award from Petrobras for integrated well construction ... > read more

McDermott and Baker Hughes safely complete

McDermott, a leading engineering and construction company, and Baker Hughes, an energy technology company, have announced ... > read more

Halliburton and Oil States Industries partner

Halliburton Company and Oil States Industries, Inc. have announced a strategic collaboration that combines two award-winning ... > read more