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TotalEnergies, Eni reach agreement to develop Cyprus' Cronos gas field
9+ hour, 24+ min ago (424+ words) The gas produced from the field will be transported to Egypt via a subsea pipeline. TotalEnergies and Eni have jointly approved the development of the Cronos gas field in Cyprus’ offshore Block 6 following a final investment decision. The two companies…...
Expand Energy signs agreement to buy Twin Eagle for $1.25bn
15+ hour ago (387+ words) US-based natural gas producer Expand Energy has signed a definitive agreement to purchase Twin Eagle from Five Point Infrastructure in a transaction valued at $1.25bn. The company plans to finance the purchase through a mixture of existing cash and borrowings from…...
Brent could rise to $125-150 per barrel from Hormuz blockade - GlobalData poll
1+ day, 8+ hour ago (51+ words) Brent could rise to $125-150 per barrel from Hormuz blockade – GlobalData poll Offshore Technology GlobalData initiated a survey with our readers to assess their view on the likely ceiling for the Brent crude oil price amid this Hormuz closure during Q2 2026. With…...
Goldman Sachs leads oil gas M&A advisory by value in H1 2026
1+ day, 12+ hour ago (322+ words) The US investment bank topped the value rankings having advised on deals worth $48.3bn. Goldman Sachs and RBC Capital Markets emerged as the leading financial advisers for oil and gas sector mergers and acquisitions (M&A) during the first half of 2026 (H1 2026). They…...
The US to spearhead global ammonia capacity additions by 2030
4+ day, 8+ hour ago (39+ words) Offshore Technology Unlock Free Access to Premium Content Discover exclusive forecasts, analyst insights and in-depth oil and gas industry analysis. With a free Offshore Technology profile, you can:...
Oil futures dip but surge for week amid attacks on shipping routes
4+ day, 9+ hour ago (418+ words) Brent crude had fallen by nearly $4 to $96.7/bbl by 09:46 GMT on 24 July, while WTI had dropped to $89.04/bbl, yet both posted weekly gains. Oil futures fell sharply on Friday 24 July, but both Brent and West Texas Intermediate (WTI) remained set…...
Searah begins work on Indonesia floating gas plant for North Hub
4+ day, 12+ hour ago (310+ words) Searah, a joint venture between Eni and Petronas, has commenced development of a floating gas processing facility as part of its $11.8bn (£8.85bn) North Hub project in Indonesia. A ceremony marking the first steel cutting for the floating production, storage and offloading…...
Asia to spearhead global upcoming oil and gas projects outlook by 2030
5+ day, 11+ hour ago (41+ words) Offshore Technology Unlock Free Access to Premium Content Discover exclusive forecasts, analyst insights and in-depth oil and gas industry analysis. With a free Offshore Technology profile, you can:...
Vallourec to supply pipes for Atapu 2 offshore project in Brazil
5+ day, 15+ hour ago (478+ words) Vallourec will produce seamless line pipes in Jeceaba, Minas Gerais, with thermal insulation coating applied in Serra, Espírito Santo. Vallourec has secured a contract from Allseas to supply carbon steel seamless line pipes and thermal insulation coating for the Atapu…...
North America leads global SAF production capacity growth through 2030
6+ day, 7+ hour ago (39+ words) Offshore Technology Unlock Free Access to Premium Content Discover exclusive forecasts, analyst insights and in-depth oil and gas industry analysis. With a free Offshore Technology profile, you can:...