While maintaining a cautious approach with flexibility to pause or reverse cuts, seven participating oil-producing OPEC+ countries – Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman – have sealed a deal to adjust their production cuts to ensure the stability of oil markets. The post Seven OPEC+ countries up their oil output ante appeared first on Offshore Energy.

Petrovietnam Gas Joint Stock Corporation (PV Gas), a subsidiary of Vietnam’s state-owned national energy group Petrovietnam, has inked a liquefied natural gas (LNG) agreement with Shell Eastern Trading (Shell Eastern LNG), a wholly owned subsidiary of the UK-headquartered energy giant Shell. The post Shell feeds Vietnam’s LNG appetite through deal with PV Gas appeared first on Offshore Energy.

Norwegian state-owned energy giant Equinor has made a move to become the sole owner of an oil development off the coast of Newfoundland and Labrador by acquiring the UK-headquartered BP’s stake in the Canadian project. The post BP exits $10 billion Canadian oil project, as Equinor consolidates ownership appeared first on Offshore Energy.

Karoon Energy, an ASX-listed international oil and gas exploration and production company, has achieved a spike in oil output at an oil field off the coast of Brazil, thanks to well intervention activities, which led to higher costs than initially expected. The post Rig-based well intervention brings Karoon higher oil production but also cost uptick appeared first on Offshore Energy.

France’s Nexans has signed a five-year long-term agreement (LTA) with Hydro for approximately 85,000 […] The post Nexans inks long-term low-carbon aluminium supply deal with Hydro appeared first on Offshore Energy.

China-based provider of clean energy services Wison New Energies (WNE) has confirmed a new deal with Italy’s energy giant Eni and Altera Infrastructure for a newbuild floating production, storage, and offloading (FPSO) vessel destined to be deployed at the next phase of an oil and gas development project off the coast of Côte d’Ivoire, West Africa. The post Chinese player picks up FPSO job for Eni’s African oil & gas project appeared first on Offshore Energy.

United Arab Emirates-headquartered energy heavyweight Abu Dhabi National Oil Company (ADNOC) has brought together liquefied natural gas (LNG) marketing activities of ADNOC Gas and XRG with ADNOC Trading into one integrated commercial platform, a move perceived to create one of the leading global LNG players. The post ADNOC sets up global LNG marketing and trading platform appeared first on Offshore Energy.

Türkiye’s Tersan Shipyard has begun the construction of an ultra-large cable-laying vessel (CLV) for […] The post South Korean ultra-large cable laying vessel enters construction in Türkiye appeared first on Offshore Energy.

Norway’s oil and gas player Aker BP has confirmed the sail-away of an offshore platform topside destined for its North Sea development on the Norwegian Continental Shelf (NCS). The post North Sea platform topside making its way to final destination appeared first on Offshore Energy.

Cyprus-headquartered SeaBird Exploration, a wholly owned subsidiary of SED Energy Holdings, has through its […] The post New assignment for Cyprus-flagged vessel, India on schedule appeared first on Offshore Energy.