Engineering for Extremes (II): Accuracy & Efficiency in Offshore Drilling
Tronics Microsystems expanded its inertial sensor line with the AXO315 T1, a high‑temperature digital accelerometer built for energy‑sector drilling. At the Offshore Technology Conference in Houston the company demonstrated the AXO315 T1 alongside a forthcoming north‑seeking ultra‑high stability MEMS gyro. The tandem aims to deliver real‑time, high‑precision motion data in the harsh environment of offshore wells. By integrating these sensors, drill operators can tighten borehole trajectories while cutting non‑productive time.
EU Moves to Ease Methane Rules for Oil and Gas Firms
The European Union is preparing a draft recommendation that would suspend penalties for oil and gas firms that breach its methane emissions law for three years, covering 2027‑2029, except for large‑scale fraudulent violations. The move responds to supply‑security concerns stemming...
Oil Prices Fall Amid Signs of US-Iran Ceasefire Extension Deal
Oil futures slipped more than 1% on Friday, marking the steepest weekly decline since early April, after reports that the United States and Iran were close to extending a cease‑fire and lifting shipping limits in the Strait of Hormuz. Brent...
SLB, Vår Energi Scale Up Digital Field Development Workflows
SLB and Norway’s Vår Energi have broadened their partnership to deploy SLB’s cloud‑native Delfi platform across the full field development lifecycle on the Norwegian Continental Shelf. The expanded digital workflow links exploration, subsurface evaluation, well planning, subsea design, and production,...
TouchWind Installs Floating Wind Prototype in Dutch Waters
TouchWind has installed its floating‑wind turbine prototype at the Fieldlab Green Economy Westvoorne in the Netherlands, marking the start of the in‑water testing phase for the POWER project. The initiative evaluates a tilted‑rotor design intended to deflect wakes and capture...
Chevron Moves to Take Operatorship of Greek Offshore Block
Chevron has formally requested to acquire a 70% operatorship in Greece’s offshore Block 2, located in the southwest Ionian Sea, taking the role from Helleniq Energy. If the Greek energy ministry approves the move, Chevron will lead exploration while Helleniq retains...
Orlen Looks for Partner for 1GW Polish Offshore Wind Project
Polish oil refiner PKN Orlen is seeking a partner for its planned Baltic East offshore wind project, a 1‑gigawatt farm that will sit beside the company’s Baltic Power site. The development aims to deliver clean power to more than one million Polish...
TotalEnergies Advances 1.5GW Normandy Offshore Wind Project
TotalEnergies has filed a Single Authorization request for its 1.5 GW Centre Manche Energies offshore wind project off Normandy, marking a key milestone for what it calls France’s largest renewables development. The farm, located 40 km offshore, is projected to generate about...
Norwegian Oil Firms Lift 2026-2027 Investment Outlook
Norwegian oil and gas firms have lifted their 2026 investment outlook to 266 billion crowns (about $28.6 billion), up from 255 billion crowns three months earlier. The 2027 forecast also rose to 207 billion crowns (≈ $22.3 billion), surpassing the prior 201 billion estimate. Norway produces more...
Nordic Investors to EU: Nix Notion of Arctic Drilling
A coalition of Nordic investors and other financial institutions urged the European Union to keep its ban on new Arctic oil and gas drilling. The letter, organized by the Nordic Center for Sustainable Finance and Danish pension fund Sampension, warned...
Export Curbs Should Not Harm Australia's Biggest LNG-Producing State
Western Australia, which supplies about two‑thirds of Australia’s LNG, faces a new federal policy that will reserve 20% of gas output for domestic use starting July 2027. The national scheme, announced by Resources Minister Madeleine King, uses a lifecycle‑production metric and will...
CNOOC Starts Full Production at Bohai's Kenli Oilfield
China's state‑owned CNOOC announced full production at the Kenli 10‑2 oilfield Phase I in the Bohai Sea, delivering over 20,440 barrels of oil per day. The offshore project, operating at a shallow 20‑meter water depth, is part of a broader push that...
QatarEnergy Extends LNG Force Majeure Into Mid-August
QatarEnergy announced an extension of force majeure on its LNG deliveries, cancelling five additional cargoes and pushing the disruption period to mid‑August. The move brings the total affected shipments to 17 cargoes, roughly 2.2 billion cubic meters, for Italian utility Edison,...
Bangladesh Offers Sweetened Terms in Offshore Tender
Bangladesh has opened an international tender for 26 offshore oil and gas blocks in the Bay of Bengal, revising its Production Sharing Contract to make terms more attractive. The new model reduces exploration‑phase relinquishment to 20% of acreage and cuts...
IKM Aconan to Deliver Drilling, Well Services for Vår Energi
IKM Acona secured a four‑year framework agreement with Norway’s Vår Energi to provide drilling and well services on the Norwegian Continental Shelf, with two optional two‑year extensions. The contract covers a full suite of on‑shore engineering and advisory support, from...