Tighten procurement checks as Gulf incident and FIDs reshape supply

“The project strengthens Gjøa as a long-term production hub and supports our target to produce more than 400 thousand barrels of oil equivalent per day long-term

Torger Rød, COO of Vår Energi, commented: “The Gjøa subsea projects demonstrate how we continue to develop our core hubs through efficient tie-back developments, leveraging existing infrastructure and exploration success to create long term value. “The project strengthens Gjøa as a long-term production hub and supports our target to produce more than 400 thousand barrels of oil equivalent per day long-term

According to the operator, the project will be executed through a coordinated drilling and installation campaign, leveraging existing supplier collaborations and partnerships, realizing synergies and efficient execution

Ras Laffan petrochemicals project in Qatar (aerial view); Source: CPChem An operational incident took place during the start-up of operations at the QatarEnergy LNG-operated Ras Laffan Industrial City, which resulted in an explosion and fire at the Barzan local gas supply facility in the evening hours of Sunday, June 21, 2026. In response to the incident, emergency response teams were deployed immediately to contain the fire, which was brought under control

Home Fossil Energy Investigation into tragic incident ongoing: 13 dead, 66 injured in explosion and fire at QatarEnergy’s gas asset June 24, 2026, by Qatar’s state-owned oil and gas giant QatarEnergy has confirmed the launch of a probe into an explosion and fire incident that occurred at its liquefied natural gas (LNG) production and export hub, in which multiple workers lost their lives and sustained injuries. Ras Laffan petrochemicals project in Qatar (aerial view); Source: CPChem An operational incident took

Home Fossil Energy Investigation into tragic incident ongoing: 13 dead, 66 injured in explosion and fire at QatarEnergy’s gas asset June 24, 2026, by Qatar’s state-owned oil and gas giant QatarEnergy has confirmed the launch of a probe into an explosion and fire incident that occurred at its liquefied natural gas (LNG) production and export hub, in which multiple workers lost their lives and sustained injuries

Illustration; Source: Petrobras Petrobras has signed a memorandum of understanding (MoU) with Pemex for strategic and technical cooperation for the assessment, development, and joint execution of projects in the hydrocarbons industry, including the development of opportunities in the exploration and production (E&P) and industrial processes areas, as well as the exchange of experiences on regulatory and institutional aspects of the sector

The Brazilian giant underlined: “The agreement does not constitute a binding investment commitment, nor does it create a partnership, consortium or joint venture between the parties. “Any opportunities identified may be subject to future negotiations and will depend on the execution of specific instruments, subject to feasibility analyses, approvals by the competent bodies and the governance rules applicable to each party

Illustration; Source: Petrobras Petrobras has signed a memorandum of understanding (MoU) with Pemex for strategic and technical cooperation for the assessment, development, and joint execution of projects in the hydrocarbons industry, including the development of opportunities in the exploration and production (E&P) and industrial processes areas, as well as the exchange of experiences on regulatory and institutional aspects of the sector. The Brazilian giant underlined: “The agreement does not constitute a bi

Designed as a newbuild double-hull vessel with a storage capacity of approximately 500,000 barrels, the FSO PTSC LDV incorporates advanced dual-fuel systems to support operational efficiency while contributing to lower emissions

FSO naming ceremony; Source: Yinson Production Yinson Production celebrated the naming of the FSO PTSC Lac Da Vang (FSO PTSC LDV) on June 23, marking what is seen as a significant milestone ahead of the vessel’s deployment to the Lac Da Vang project offshore Vietnam. The unit is contracted to Murphy Cuu Long Bac Oil, a wholly owned subsidiary of Murphy Oil Corporation, to provide storage and offloading services for the Lac Da Vang field in Block 15-1/05, following a deal for a firm period of ten years with an

The unit is contracted to Murphy Cuu Long Bac Oil, a wholly owned subsidiary of Murphy Oil Corporation, to provide storage and offloading services for the Lac Da Vang field in Block 15-1/05, following a deal for a firm period of ten years with an option to extend for up to an additional five years

” The drilling campaign originally included two firm wells and a third contingent well targeting the southwest extension of the East Belumut field, which was identified in the 2023 infill program. Based on the strong performance of the first well and the subsurface data gathered during drilling of the second well, the third well has been confirmed, with drilling already ongoing

Based on the strong performance of the first well and the subsurface data gathered during drilling of the second well, the third well has been confirmed, with drilling already ongoing

Home Fossil Energy Asian drilling campaign continues with third well after first came online, second set to follow suit June 24, 2026, by AIM-listed and Singapore-headquartered oil and gas player Jadestone Energy has made inroads in its infill drilling campaign off the coast of Malaysia by putting the first well into production mode, with the second already drilled and activities at the third now underway. NAGA 8; Source: Velesto Jadestone Energy has disclosed that the first well in the 2026 Malaysia infill dri