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Latest news about Oil and gas Industries-31.10.25
On October 29, 2025 The Trump administration decided against including East Coast offshore oil and gas leases in its initial proposal, reversing an earlier draft plan. This shift followed strong opposition from Republican stakeholders in the Southeast, who expressed concerns about potential impacts on tourism, and from environmentalists. The administration's forthcoming draft plan, a first step in developing a new five-year leasing schedule, is now expected to focu... Read More
Latest news about Oil and gas Industries-23.10.25
On October 22, 2025 Aker BP reported robust quarterly results, marked by stable production averaging 414,000 barrels of oil equivalent per day (boed) and industry-low operational costs of $7.6 per boe. This strong performance, supported by high asset uptime, has led the company to raise its full-year production guidance to a range of 410,000–425,000 boed. The quarter was highlighted by a major exploration success—the Omega Alfa oil discovery in the Yggd... Read More
Latest news about Oil and gas Industries-17.10.25
On October 15, 2025 In a significant move to advance the Shah Deniz Compression (SDC) project in the Caspian Sea, the bp-led consortium has awarded three major offshore contracts worth around $700 million to a Saipem and BOS Shelf joint venture. This marks a major step in bp's plan to expand gas recovery from the giant Shah Deniz field. The scope of work encompasses the transportation and installation of a new 19,000-tonne compression platform and approximately 26 k... Read More
Latest news about Oil and gas Industries-10.10.25
On October 08, 2025 ExxonMobil signed preliminary agreements with Iraq's Basra Oil Co. and the State Organization for Marketing of Oil (SOMO), marking its return to the country after a nearly two-year hiatus. The deals lay the groundwork for the company to explore and develop the giant Majnoon oil field and to boost Iraq's export infrastructure. This move comes after Exxon's exit from its primary investment in the West Qurna-1 field earlier in 2024, a decision infl... Read More
Latest news about Oil and gas Industries-03.10.25
On October 02, 2025 EnerMech secured a substantial contract to deliver subsea pre-commissioning and specialist services for a major offshore gas development in Australia's East Browse basin. The work, scheduled from October 2025 to April 2026, will support the project's second-phase installation campaign. The scope includes riser and umbilical services such as flooding, leak testing, and post-installation testing, with operations centered on a floating LNG (FLNG) fa... Read More