Latest Headlines

  1. bpTT Announces Mento First Gas 5/29/2025

    bp Trinidad and Tobago (bpTT) announced today that the Mento development has safely delivered first gas through connection of the initial discovery well and the drilling campaign for the remaining seven gross wells on the platform will now begin.

  2. API Applauds Supreme Court's NEPA Decision 5/29/2025

    The American Petroleum Institute (API) today issued the following statement from Senior Vice President and General Counsel Ryan Meyers on the Supreme Court's unanimous ruling to narrow the requirements of environmental reviews for major infrastructure projects under the National Environmental Policy Act (NEPA).

  3. BW Offshore Acquires FPSO Nganhurra To Leverage Redeployment Opportunities 5/28/2025

    BW Offshore has signed an agreement to acquire the FPSO Nganhurra, securing a high-quality production unit in a market where comparable opportunities are becoming increasingly scarce.

  4. Eni: Exclusivity Agreement Signed With GIP For The Potential Sale Of A Co-Control Stake In Eni CCUS Holding 5/27/2025

    Eni has signed an agreement to enter into a period of exclusivity with Global Infrastructure Partners (“GIP”), a leading global infrastructure investor and a part of BlackRock, aimed at progressing the confirmatory due diligence phase and completing the drafting of the documents related to the sale of a co-control stake of 49.99% in Eni CCUS Holding – a leading European player in the CCUS sector (Carbon Capture, Utilization and Storage) – which includes and operates the following projects: Hynet and Bacton in the UK, L10 in the Netherland, and, in the context of a maturation of the regulatory and market framework, has the future right to acquire the Ravenna project in Italy.

  5. Kongsberg Maritime Launches The TTH Tunnel Thruster Series For Improved Performance And Maintenance 5/27/2025

    Kongsberg Maritime announces the launch of its new Tunnel Thruster type TTH – the Harmonised series – setting new standards in performance and reliability with a compact, modular design that allows for flexible installation and optimal integration into a wide range of vessel types.

  6. Libra Consortium Announces First Oil From Mero-4 FPSO In Brazil Pre-Salt 5/26/2025

    Shell Brasil Petróleo Ltda. (Shell Brasil), a subsidiary of Shell plc, announced the start of production at the floating production storage and offloading facility (FPSO) Alexandre de Gusmão in the Mero field in the Santos Basin offshore Brazil.

  7. Vermilion Energy Inc. Advances Strategic Portfolio Repositioning With Agreement To Sell Its Saskatchewan Assets And Accelerate Debt Repayment 5/23/2025

    Vermilion Energy Inc. ("Vermilion" or the "Company") (TSX: VET) (NYSE: VET) is pleased to announce that it has entered into a definitive agreement for the sale of its Saskatchewan and Manitoba assets (the "Assets") for cash proceeds of $415 million (the "Transaction").

  8. BCCK Signs Agreement With ZAP Engineering To Deliver NiTech Nitrogen Rejection Unit In Permian Basin 5/22/2025

    BCCK, a leader in engineering, procurement, fabrication and field construction services, has signed an agreement with ZAP Engineering and Construction Services, Inc. (ZAP Engineering) to deliver a 45 MMSCFD NiTech Dual Tower Nitrogen Rejection Unit (NRU) and oil removal system.

  9. API Statement On Passage Of House Reconciliation Bill 5/22/2025

    American Petroleum Institute (API) President and CEO Mike Sommers issued the following statement after the U.S. House of Representatives passed its 2025 tax reconciliation bill.

  10. API, AFPM Applaud Decisive Senate Vote To Overturn California Gas Car Ban 5/22/2025

    American Petroleum Institute (API) President and CEO Mike Sommers and American Fuel & Petrochemical Manufacturers (AFPM) President and CEO Chet Thompson issued the following statement on today’s bipartisan passage in the United States Senate of a Congressional Review Act (CRA) resolution to overturn the U.S. EPA waiver authorizing California’s Advanced Clean Cars II ban on sales of new gas, diesel and traditional hybrid vehicles.