Management
Engineering, procurement, construction, and installation awards made at the end of 2025 are expanding Saipem’s role in Turkey’s two largest offshore gas fields, plus Saudi Arabia’s Berri, Abu Safah, and Marjan oil fields and Qatar’s North Field gas giant in the Persian Gulf.
Following a US military operation to arrest Venezuela’s president, analysts say there is no easy fix for the country’s beleaguered upstream sector.
The platform brings the field’s installed production capacity to 1.5 million BOPD.
-
The test marks a milestone in the Poseidon CCS project, which aims to store carbon dioxide in the depleted gas reservoir below the Leman development in the southern North Sea. -
Terra Drone will support Aramco's operations and Saudi Arabia's technological and economic progress.
-
Offshore activity is expected to begin in 2027 with first oil from the 20K-psi project slated for 2028.
-
The project is the most northern field offshore Norway to begin production.
-
Brazil’s ANP extends BW Energy’s contract for the deepwater field from 2031 to 2042, and BW plans to further develop the field.
-
The shallow-water subsea tieback to the Jupiter platform is expected to produce about 250 MMcf/D of gas at peak.
-
Ginger is among the 10 upstream projects that BP plans to bring on-stream by 2027 after resetting its strategy to raise oil and gas investments to $10 billion per year.
-
The company credited its theory of shale oil enrichment for the significant increase in the quantity of proven reserves at the field.
-
TechnipFMC, in collaboration with Halliburton, was awarded the 2025 ICoTA Intervention Technology Award and received the 2025 Curtis Blount Outstanding Paper Award.
-
A 25% tariff on steel imported into the US has some US oil and gas companies nervous about future spending plans.
