Topic
gas
Business Woodside Energy Dismisses ExxonMobil Takeover Speculation as Unfounded
Woodside Energy has denied any discussions with ExxonMobil regarding a potential acquisition, following media reports that the U.S. supermajor was evaluating Woodside as a target to bolster its LNG and Asian market presence. Bloomberg reported early-stage internal talks at ExxonMobil, but Woodside confirmed no proposal or negotiations exist.
Commodities TGS signs up for major Equatorial Guinea offshore seismic megasurvey project
Oslo-listed TGS has signed an agreement with Equatorial Guinea's Ministry of Hydrocarbon and Mining Development for a large-scale multi-client seismic megasurvey. The first phase includes reprocessing of 27,273 km of 2D and 35,000 sq km of 3D data, with completion expected in Q3 2026. The full project aims to cover over 46,000 line-km of 2D and 59,000 sq km of 3D data across the Rio del Rey and Rio Muni basins.
Commodities Aker BP and Viridien Partner for Norwegian Exploration
Aker BP and Viridien have formed a strategic partnership to enhance exploration efforts on the Norwegian Continental Shelf. The collaboration focuses on multi-client OBN seismic data acquisition and technology development.
Logistics PV Drilling Expands Fleet with New Jackup Rig Acquisition
Petrovietnam Drilling and Well Service Corporation (PV Drilling) has expanded its fleet with the acquisition of a new jackup drilling rig, increasing its total to eight. The rig, named PV Drilling X, will be transported to Vietnam for upgrades and is expected to enter service in 2027.
Logistics BP Secures Noble Semisub for UK Drilling Campaign
BP has contracted Noble Corporation's semisubmersible for a UK drilling campaign. The contract, valued at up to $72.2 million, will precede a major project in Norway.
Commodities Crude Oil Prices Surge Amid OPEC+ Production Cuts
Crude oil prices on the NYMEX have surged due to OPEC+ production cuts. The November contract rose to $85.50 per barrel, marking a 3% increase week-over-week and a 15% rise year-over-year.
Commodities Conrad Secures Jackup Rig for Indonesian Gas Field Development
Conrad Asia Energy has secured a jackup drilling rig from Pertamina Drilling for the Mako Gas Field in Indonesia. This move marks a significant step in the development of the Duyung PSC, with drilling expected to commence in 2027.
Commodities Gold Prices Dip Amid Elevated Crude and Geopolitical Tensions
Gold prices have fallen this week as crude oil remains elevated due to US-Iran tensions. The market is reacting to geopolitical uncertainties and supply disruptions.
Trade Velesto secures offshore drilling contract in Thailand
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Logistics Carnarvon hires Transocean rig for 2027 exploration
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Business SBM Offshore Secures Petrobras FPSO Contracts in Brazil
SBM Offshore has secured contracts from Petrobras for two FPSO projects in Brazil's Sergipe-Alagoas basin. These contracts are expected to enhance Brazil's domestic gas supply and minimize offshore flaring.