September 30, 2025

Oil firm seeks federal help to restart California offshore project

September 30, 2025

(Oil Price) – U.S. oil firm Sable Offshore Corp, which seeks to restart production offshore California via a pipeline to the coast, has unveiled an alternative offtake strategy after being sued by the Santa Barbara County District Attorney for environmental violations. This alternative strategy, a so-called Offshore Storage and Treating Vessel (OS&T) strategy, would entail seeking federal clearance to transport the oil from

LNG is Shell’s top contribution to energy industry over next decade, CEO says

September 30, 2025

(BOE Report)– Liquefied natural gas (LNG) will be European oil major Shell’s biggest contribution to the energy industry over the next decade in terms of value and as it seeks to cut emissions from fossil fuel production, CEO Wael Sawan said on Monday. Sawan has increased Shell’s focus on natural gas to improve the company’s financial performance against its peers

ConocoPhillips signs deal to advance offshore gas development in Equatorial Guinea

September 30, 2025

(World Oil)– Equatorial Guinea has signed a Heads of Agreement (HOA) with ConocoPhillips to develop offshore Blocks B/4 and EG-27, a deal expected to unlock up to $9 billion in investment and support the country’s ambition to expand its role as a regional gas processing hub. The HOA, signed by ConocoPhillips alongside the Ministry of Hydrocarbons and Mining Development, national

Goldman Sachs expects 140,000 barrels per day OPEC+ quota hike for November

September 30, 2025

(Investing.com)– Goldman Sachs expects OPEC+ to raise oil production quotas by 140,000 barrels per day for November, it said on Tuesday, ahead of the group’s meeting on Sunday. It said, however, a larger production hike was also plausible, citing factors including an only modest increase in OECD commercial stocks in Europe and Asia. Total inventories remain slightly below year-ago levels

The slow demise of Russian oil production

September 30, 2025

(Oil Price)– For most of the last decade, OPEC and Russia, collectively referred to as OPEC+, have aligned their interests in maintaining high oil prices and set production quotas that furthered this goal. Saudi Arabia, OPEC’s largest member, has, as part of its Vision 2030 Initiative, a multi-trillion-dollar goal of diversifying its economy away from dependence on hydrocarbons and uses

DeepOcean secures Equinor SIMOPRO contract for Åsgard and Visund fields

September 30, 2025

(World Oil)– DeepOcean has been awarded an offshore installation contract by Equinor covering simultaneous marine operations and production (SIMOPRO) on the Norwegian Continental Shelf. The work scope spans two major projects: at the Åsgard field in the Norwegian Sea, DeepOcean will handle riser removal, installation of a new production riser, dynamic umbilical connections from the Berling subsea assets, two static

Oil firm seeks federal help to restart California offshore project

LNG is Shell’s top contribution to energy industry over next decade, CEO says

ConocoPhillips signs deal to advance offshore gas development in Equatorial Guinea

Goldman Sachs expects 140,000 barrels per day OPEC+ quota hike for November

The slow demise of Russian oil production

DeepOcean secures Equinor SIMOPRO contract for Åsgard and Visund fields

Premium Content