Industry News

Turkish Petroleum (TPAO) and Turkish Petroleum Offshore Technology Center (TP-OTC) tapped Baker Hughes to supply subsea production and completion systems in the country’s Sakarya Gas Field Phase 3.Through the agreement, Baker Hughes will provide deepwater horizontal tree systems with associated subsea structures and control systems to support production at depths from 6,500 to 7,200 ft. […]

PTTEP has reached the final investment decision (FID) on Carbon Capture and Storage Project (CCS) at the Arthit gas field, marking Thailand’s first CCS development.PTTEP has conducted extensive studies and assessments in preparation for the project, covering the entire process from storage site selection with reservoirs at depths of 1,000–2,000 m to engineering design, and

BP signed a Memorandum of Understanding (MoU) to evaluate opportunities for a five-well program at water depth ranging from 300 to 1,500 m in the Mediterranean Sea.The program is designed to accelerate the development and production of national gas reserves, with the intention of extending the use of existing production facilities in the West Nile

Pakistan Petroleum (PPL) made a significant oil and gas discovery at its Dhok Sultan-03 well, located in District Attock, Punjab Province. This discovery, the second in the Dhok Sultan Block, marks the second-deepest oil discovery in naturally fractured carbonate in the Potwar region.PPL, as operator, spudded the Dhok Sultan-03 well on 18 January 2025. Drilled

Permex Petroleum entered into an option agreement to purchase producing oil and natural gas wells from an ownership group including Navidad Petroleum and TMR Exploration. The assets include over 50 producing wells, gathering facilities as well as over 20,000 net mineral acres of undeveloped leasehold interests.In consideration of a $75,000 cash payment, Permex receives a

Fugro signed two three-year contracts with Constellation to support responsible deepwater exploration activities in Brazil’s mature Campos Basin and the emerging Equatorial Margin.Fugro’s work will involve deploying advanced remotely operated vehicles (ROVs) aboard Constellation-managed vessels to carry out subsea equipment inspections, interventions and a range of observation and survey activities. The first campaign will begin

TotalEnergies and its partner South Atlantic Petroleum signed the Production Sharing Contract (PSC) for the PPL 2000 and PPL 2001 exploration licenses offshore Nigeria, which were awarded following the 2024 Exploration Round organized by the Nigerian Upstream Petroleum Regulatory Commission.PPL 2000 & 2001, covering an area of approximately 2,000 sq km, are located in the

Subsea7 was awarded a ontract by Turkish Petroleum Offshore Technology Center (TP-OTC). The project was awarded for the development of phase 3 of the Sakarya field development in the Black Sea, offshore Turkey.Subsea7’s scope includes engineering, procurement, construction and installation (EPCI) of the subsea umbilicals, risers and flowlines (SURF). Project management and engineering will start

Borr Drilling announced new contract commitments for two of its premium jackup rigs and an additional fleet update.In the North Sea, the Prospector 1 has received separate binding Letters of Award from Dana Petroleum and ONE-Dyas in the Netherlands. The Dana Petroleum commitment is for one well, with an anticipated duration of 30 days, scheduled

SLB’s OneSubsea joint venture was awarded an engineering, procurement and construction (EPC) contract by Equinor for a 12-well, all-electric Subsea Production System (SPS) in the Fram Sør field, offshore Norway. The award follows a collaborative, year-long Front-End Engineering Design phase, where Equinor and SLB OneSubsea jointly matured the project, culminating in the development plan and

Equinor and partners have struck oil and gas in the Fram area, 9 km north of the Troll field in the North Sea. The discoveries were made in exploration well 35/11-31 S in production license 090.One exploration well has encountered petroleum in two reservoirs. One of the discoveries consists of both oil and gas, while

Tampnet secured a five-year contract with Island Drilling AS to supply a complete, next-generation communications stack for the harsh-environment semisubmersible Island Innovator. The service includes low-earth-orbit (LEO) satellite back-haul from Starlink and OneWeb, integrated with the Tampnet North Sea LTE and T-FAST (Multiple Carrier, Low Footprint, High Speed Antenna) microwave/fibre backbone.Combining this with an AI-driven