Current Headlines

  1. USGS Releases Assessment Of Undiscovered Oil And Gas Resources Under Santa Barbara County, California 11/21/2025

    The U.S. Geological Survey released its assessment of potential for undiscovered oil and gas in formations under the Santa Maria Basin geologic province under Santa Barbara County and part of San Luis Obispo County, California, assessing that there are technically recoverable resources of 67 million barrels of oil and 56 billion cubic feet of gas.

  2. Proposed Five-Year Offshore Leasing Program 'A Historic Step' For American Energy Leadership 11/20/2025

    The American Petroleum Institute (API) issued the following statement from President and CEO Mike Sommers after the Department of the Interior proposed a new five-year offshore leasing program that fully leverages the U.S. Outer Continental Shelf, including some of the most promising acreage offered in generations, as a secure source of affordable, reliable energy.

  3. Seatrium Selects Sulzer's Leading Pumps Packages For Petrobras P-84 And P-85 FPSOs 11/20/2025

    Global pump OEM Sulzer has won an order to supply multiple water injection packages to Seatrium for Petrobras’ next generation P-84 and P-85 Floating Production Storage and Offloading (FPSO) vessels.

  4. DeepOcean Awarded Subsea Tie-Back Contract In The UK 11/19/2025

    Ocean services provider DeepOcean has been awarded a contract to provide subsea construction and tie-in work at a subsea field development on the UK continental shelf.

  5. BW Energy: Provides Second Update On Kudu Appraisal Well 11/19/2025

    BW Energy has completed drilling operations on the Kharas-1 appraisal well in the Kudu license area, offshore Namibia. The well reached a total depth of 5,100m and intersected multiple reservoir intervals.

  6. DNO Continues To Highgrade North Sea Portfolio 11/18/2025

    DNO ASA, the Norwegian oil and gas operator, today announced the divestment of its 7.604 percent stake in the Ekofisk Previously Produced Fields (PPF) project in license PL018B and PL018F on the Norwegian Continental Shelf to Orlen Upstream Norway AS.

  7. SLB OneSubsea Awarded Subsea Boosting Contract For bp's Tiber Project In Gulf Of America 11/18/2025

    Global energy technology company SLB today announced the award of a contract by bp to its OneSubsea joint venture for a subsea boosting system in the greenfield development of the Tiber project, located in the deepwater U.S. offshore region.

  8. Transocean Ltd. Announces Exercised Options Totaling $89M 11/18/2025

     Transocean Ltd. (NYSE: RIG) today announced contract fixtures for one ultra-deepwater drillship and two harsh environment semisubmersibles. In aggregate, the fixtures represent approximately $89 million in firm contract backlog.

  9. TotalEnergies Accelerates Its Gas-To-Power Integration Strategy In Europe By Acquiring 50% Of A Portfolio Of Flexible Power Generation Assets From EPH 11/17/2025

    TotalEnergies announces the signing of an agreement with Energetický a průmyslový holding, a.s. (EPH) for the acquisition of 50% of its flexible power generation platform (gas-fired and biomass power plants, batteries) in Western Europe (Italy, United Kingdom and Ireland, Netherlands, France), valued at €10.6B (enterprise value), i.e. a multiple of 7.6x 2026 EBITDA.

  10. As Landman Returns, API Campaign Spotlights The Workforce Powering America's Energy Future 11/17/2025

    With the return of the Paramount+ hit series Landman, the American Petroleum Institute launched a new national strategic campaign that taps into a growing cultural shift toward energy realism.