Reduces Annual Operating Costs by Approximately $60 Million, Reaffirms 2025 Capital Expenditure Guidance HOUSTON--(BUSINESS WIRE)-- Murphy Oil Corporation (MUR) today announced that a subsidiary has ...

Energean said it has temporarily suspended production at a field offshore Northern Israel as the conflict in the Middle East escalates.

(RTTNews) - Murphy Oil Corp. (MUR) announced that it agreed to acquire the BW Pioneer floating production storage and offloading vessel or FPSO from BW Offshore. The gross purchase price is $125 ...

Offshore energy facilities and services provider Bumi Armada Bhd's improving balance sheet and lower net gearing provides the ...

All major oil and gas fields suspended in Iraqi Kurdistan for safety rasons; no gas also flowing from offshore asset in Israel ...

Back in February 2022, an early production system at Ndungu was brought online and saw up to 20,000 bpd of oil flowing to the N’Goma vessel. Unusually, Azule eventually plans to connect Ndungu's ...

In this QuickChat video, Bruce Beaubouef (Managing Editor of Offshore Magazine) chats with Deborah Carpenter (Global Oil and Gas Market Manager at Swagelok) about the evolving challenges and ...

FPSOs (Floating Production, Storage and Offloading units) streamline offshore production by integrating processing, storage, and export on a single floating asset—minimizing subsea export ...

Retrofit specialist GLO Marine has secured hydraulic system upgrade job on Bluewater’s Haewene Brim floating production, storage and offloading (FPSO) unit, following the successful delivery of the ...

FPSO (Floating Production, Storage, and Offloading) vessels are floating facilities that receive well fluids, process them to export-spec crude and gas, store stabilized crude, and offload to shuttle ...

Shell (NYSE:SHEL) said Tuesday it restarted production at the Penguins oil field in the U.K. North Sea with a new floating, production, storage and offloading facility. The Penguin field's export ...

HOUSTON--(BUSINESS WIRE)--Murphy Oil Corporation (NYSE: MUR) today announced that a subsidiary has signed a Purchase and Sale Agreement to acquire the BW Pioneer floating production storage and ...