Petrofac has been awarded an integrated services contract by CNR International for a floating production, storage, and offloading vessel operating off the coast of Ivory Coast, West Africa.

This trend provides further evidence that Saudi Arabia's extended supply cuts are effectively tightening the market.

After reaching a total depth of 1,500 meters, wireline logging confirmed that all encountered reservoirs contained water, according to a statement from the company.

The United Nations announced that the transfer of petroleum from a decaying vessel off Yemen is expected to begin this week in order to prevent a potential Red Sea spill.

These contracts follow the signing of two Letters of Intent in March, with Equinor being the undisclosed client at the time.

BP has been found guilty of breaching health and safety rules that resulted in the tragic death of a contractor who fell through an open hole on one of its rigs.

The Jubilee South East project was announced to start on July 17, with two additional producers and one water injector to be brought online later in the year.

ConocoPhillips Australia has initiated the environmental plan as part of the regulatory approval process for the exploration projects, according to 3D Oil's announcement to the Australian Securities Exchange.

The Boka Vanguard vessel was utilized to transport a floating production unit to a ship recycling facility, marking a significant milestone for the company.

The company has cut its spending plans for Forties by over £200 million and now intends to cease production at the field in 2026.