Latest Headlines

  1. Makes FID On Maromba Field Development In Brazil 5/5/2025

    BW Energy is pleased to announce the final investment decision (FID) for the Maromba development offshore Brazil based on a capex-efficient development with an integrated drilling and wellhead platform (WHP) and a refurbished FPSO.

  2. Valaris Announces Contract Award For Drillship VALARIS DS-15 5/5/2025

    Valaris Limited (“Valaris” or the “Company”) announced today that it has been awarded a five-well contract offshore West Africa for drillship VALARIS DS-15. The contract is expected to commence in the third quarter 2026.

  3. ADNOC Gas Announces Q1 Net Income Of $1.27B, Up 7% Year On Year, Significantly Exceeding Market Expectations 5/5/2025

    ADNOC Gas plc and its subsidiaries (together referred to as "ADNOC Gas" or the "Company") (ADX: ADNOCGAS) (ISIN: AEE01195A234), a world-class integrated gas processing and sales company, today announced net income of $1.27 billion and EBITDA of $2.16 billion for the first quarter of 2025, exceeding the equivalent quarter in 2024 by 7% and 4% respectively.

  4. Subsea7 Awarded 'Super-Major' Contract Offshore Brazil 5/2/2025

    Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a super-major contract1 by Petrobras, after winning a competitive tender, for the development of the Búzios 11 field located approximately 180 kilometres off the coast of the state of Rio de Janeiro, Brazil, at 2,000 metres water depth in the pre-salt Santos basin.

  5. API Statement On House Natural Resources Reconciliation Proposal 5/2/2025

    American Petroleum Institute (API) President and CEO Mike Sommers released the following statement after the House Natural Resources Committee released its proposed markup of the 2025 reconciliation bill.

  6. Equinor Sells The Peregrino Field For USD 3.5 Billion 5/2/2025

    PRIO, Brazil’s largest independent oil and gas company, will pay a consideration of USD 3.35 billion and a maximum of USD 150 million in interest to Equinor for the transaction.

  7. Golar Entered Into 20-Year Agreements For 5.95mtpa Nameplate Capacity In Argentina – One Of The World's Largest FLNG Development Projects 5/2/2025

    Golar LNG Limited (“GLNG”, “Golar” or “the Company”) is pleased to announce the Final Investment Decision (“FID”) and fulfilment of all conditions precedent for the 20-year re-deployment charter of the FLNG Hilli Episeyo (“FLNG Hilli” or “Hilli”), first announced on July 5, 2024.

  8. API & AFPM: Bipartisan House Vote Leaves Congress Halfway To Overturning CA Gas Car Ban 5/1/2025

    American Petroleum Institute (API) President and CEO Mike Sommers and American Fuel & Petrochemical Manufacturers (AFPM) President and CEO Chet Thompson today issued the following statement on today’s passage in the House of Representatives of a Congressional Review Act (CRA) resolution aimed at overturning the U.S.

  9. Guyanese Energy Project Receives Deal Of The Year Award At Export-Import Bank Of The United States 2025 Annual Conference 4/30/2025

    The Export-Import Bank of the United States (EXIM) presented the Guyana Gas-to-Energy Project the Deal of the Year Award at its 2025 Annual Conference.

  10. Woodside Approves Louisiana LNG Development 4/30/2025

    Woodside is positioned to become a global LNG powerhouse following our historic decision on 29 April to approve the Louisiana LNG development.