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Global LNG production will drive supply surge in 2026, says IEA

Oil & Gas 360º

This is expected to somewhat ease market fundamentals and eventually contribute to a stronger demand growth,” said Gergely Molnar, a gas analyst at the IEA, during a webinar. A project in Qatar will also add to the growth. For the rest of 2025, however, the IEA cautioned that the market remains vulnerable to shocks.

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Hunting Subsea Technologies delivers titanium stress joints for Uaru Field development offshore Guyana

Oilfield Technology

With production ex-pected to begin in 2026, the field holds more than 800 million bbls of recoverable reserves and is projected to produce 250 000 bpd at peak. Hunting is the only company globally equipped to deliver titanium stress joints at the scale and quality required for full-field offshore developments.

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Harbour Energy plc announce first oil achieved at Maria Phase 2, Norway

Oilfield Technology

Maria Phase 2 is a four well subsea tie-back to existing infrastructure in Harbour’s operated Maria field. Production from the first well was delivered safely, on time and to budget. The start-up of the remaining three wells will follow over the coming months.

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Seatrium: first turnkey FPSO delivery to Petrobras

Oilfield Technology

Upon delivery, the P-78 will be deployed in Brazil’s prolific Buzios field, the largest deepwater oil field globally, with an impressive production capacity of 180 000 bpd of oil, 7.2 Upon completion, the P-78 will transit to the Buzios field, where Seatrium will conduct the final phase of offshore commissioning works.

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Navigating the M&A Landscape in 2025: Insights for Small to Mid-Sized Upstream Operators

Enverus

We recently had a webinar on this very topic! Watch Webinar Now Operational Efficiency as a Differentiator Operational efficiency is a key differentiator. These basins are gaining renewed interest due to rising gas prices and the growing impact of LNG exports, offering a more level playing field for non-majors.

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Johan Sverdrup Phase 3 investment decision

Oilfield Technology

Johan Sverdrup is the largest oil-producing field in Norway and ranks among the world’s most carbon-efficient oil fields. The field is operated by Equinor, with Aker BP holding a 31.6% The project includes new subsea infrastructure that will increase recoverable volumes by 40 – 50 million bbl of oil equivalent.

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Reusing produced water

Oilfield Technology

As fields age, they generate higher water to oil ratios. In some mature fields, 10 barrels of water are generated for every barrel of oil produced. However, it is becoming a problem in some onshore fields. This could force operators to stop production in previously profitable fields.