Oil and Gas
MODEC and Shell advance development of Gato do Mato with new FPSO contract
The FPSO will feature a next-generation hull to meet its 25-year design life.
Oil and Gas brings together the main developments across exploration, production, transport, refining and market activity in the global hydrocarbons sector. This section covers news on operators, projects, infrastructure, investments, supply dynamics and industrial decisions influencing the performance of oil and gas markets.
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Latest Oil and Gas News
Oil and Gas
MOL discovers a new oil field in western Hungary
This new well will be transported to the Danube refinery in Százhalombatta, representing 1% of the oil company's total hydrocarbon production.
Oil and Gas
Shell invests in the Gato do Mato project in Brazil’s Santos pre-salt basin
The project aims to produce up to 120,000 barrels of oil per day.
Oil and Gas
New Wave Offshore Energy leads the marine assurance study for the Whiptail project
Key technical oversight to ensure the safety and efficiency of the Whiptail development in Guyana.
Oil and Gas
KOIL Energy awarded contract to supply subsea equipment for US project
This project will be completed at KOIL's state-of-the-art manufacturing facility in Houston, Texas, with final delivery scheduled for the fourth quarter of this year.
Oil and Gas
Petrobras announces hydrocarbon discovery in the Santos Basin pre-salt
Petrobras identifies hydrocarbons in the Aram block in the Santos Basin, strengthening its presence in pre-salt exploration.
Oil and Gas
Crowley and Naturgy launch the first U.S. LNG tanker to serve Puerto Rico
The arrival of American Energy reflects Crowley's commitment to developing new technological solutions in the energy sector.
Oil and Gas
Equinor starts gas production in Halten East and strengthens supply to Europe
Equinor activates production at Halten East, securing more gas for Europe in a high-demand market.
Oil and Gas
The Jotun FPSO begins its journey to the Balder field to boost oil production in the North Sea.
Oil production will quadruple thanks to the Jotun FPSO, adding approximately 80,000 barrels of oil equivalent per day (kboe/d).
Oil and Gas
Oil spill in Campeche Sound extends over 10 km
PEMEX and authorities are expected to provide more information about the incident in the coming days.
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