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10 Dec WFW advises Borr on acquisition of five premium jack-up rigs from Noble

Posted at 11:35h in Press Releases by oilandgaspress 0 Comments

London, December 10, 2025, (Oilandgaspress) ––Watson Farley & Williams advised Borr Drilling Limited on its US$360m acquisition of five premium jack-up rigs from Noble Corporation Plc, comprising three Friede & Goldman JU-3000N design rigs and two Gusto MSC CJ50 design rigs. The acquisition is expected...

10 Dec Energy Price Update Brent ,WTI Crude ,OPEC

Posted at 11:18h in Press Releases by oilandgaspress 0 Comments

London, December 10, 2025, (Oilandgaspress) –––WTI Crude (January Contract) US$58.58 Oil and Gas BlendsUnitsOil PriceChangeCrude Oil (WTI) OilpriceUSD/bbl$58.39DownCrude Oil (Brent)USD/bbl$62.05DownBonny Light 05/12/25 CBNUSD/bbl$65.77--DubaiUSD/bbl$63.35DownNatural GasUSD/MMBtu$4.55DownMurbanUSD/bbl$63.58DownOPEC basket 09/12/25 OPECUSD/bbl$62.39DownAt press time December 10, 2025 . Summary of Weekly Petroleum Data for the week ending November 28, 2025U.S. commercial crude...

10 Dec Gas Commercialisation at Nigeria’s OML 17

Posted at 10:51h in Press Releases by oilandgaspress 0 Comments

London, December 10, 2025, (Oilandgaspress) ––The NNPC/Heirs Energies OML 17 Joint Venture today advanced Nigeria’s gas commercialisation and environmental stewardship agenda with the symbolic signing of Gas Flare Commercialisation Agreements under the Nigerian Gas Flare Commercialisation Programme (NGFCP) and approved Non-NGFCP frameworks. The ceremony marks a...

10 Dec NEPL Hits Highest Oil Output Since 1989

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London, December 10, 2025, (Oilandgaspress) ––NNPC E&P Limited (NEPL), the upstream arm of NNPC Ltd., achieved a major milestone on December 1, 2025, reaching 355,000 barrels of oil per day — its highest daily output in 36 years. The company’s average production has risen sharply, climbing...

10 Dec Hystar in collaboration with McDermott to develop 100 MW green hydrogen plant design

Posted at 10:23h in Press Releases by oilandgaspress 0 Comments

London, December 10, 2025, (Oilandgaspress) ––Hystar AS announced a strategic collaboration with McDermott to develop a comprehensive 100-megawatt (MW) green hydrogen plant design. This collaboration marks a significant milestone in Hystar’s mission to accelerate global deployment of its large-scale green hydrogen solution. Under the agreement,...

10 Dec McDermott awarded contract for offshore gas development in Brunei

Posted at 10:19h in Press Releases by oilandgaspress 0 Comments

London, December 10, 2025, (Oilandgaspress) ––McDermott has been awarded an engineering, procurement, construction, installation and commissioning (EPCIC) contract by PETRONAS Carigali Brunei Ltd. for a large offshore natural gas development in Brunei Darussalam, marking one of the country’s most significant conventional gas projects. The award follows...

10 Dec TotalEnergies concludes agreement with Galp in Namibia

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Enters as operator in the prolific PEL 83 license, including the Mopane discoveryLondon, December 10, 2025, (Oilandgaspress) ––TotalEnergies and Galp agreed to launch an exploration and appraisal campaign including three wells over the next two years, with a first well planned in 2026, to further...

10 Dec Hyundai Motor and Healthy Seas Mark Five Years of Global Ocean Conservation

Posted at 09:48h in Press Releases by oilandgaspress 0 Comments

Suitable recovered nets are recycled into new productsLondon, December 10, 2025, (Oilandgaspress) ––Hyundai Motor Company is celebrating the fifth anniversary of its partnership with the Healthy Seas, a nonprofit foundation dedicated to removing marine litter and restoring ocean ecosystems. This collaboration has become a benchmark...

10 Dec Nissan and Wayve to Deliver Next-Generation Driver Assistance Technology

Posted at 09:36h in Press Releases by oilandgaspress 0 Comments

Sign Definitive AgreementsLondon, December 10, 2025, (Oilandgaspress) ––Nissan Motor Co., Ltd. and Wayve today announced the signing of definitive agreements to collaborate on integrating the next-generation ProPILOT series with Wayve AI technology across a broad range of Nissan vehicles. This partnership will combine Wayve’s embodied...

10 Dec Eve Expands Smart Heating Portfolio with Underfloor Heating Controller Eve Thermostat

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Introduces 5th Generation of Eve ThermoLondon, December 10, 2025, (Oilandgaspress) ––Eve Systems, a leading provider of smart home devices and part of ABB, today announced the availability of the 5th generation of its Eve Thermo smart radiator valve. Equipped with Matter and Thread technology and...

10 Dec EVE Energy signs partnership with Green Whale Technology

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Accelerates global marine battery adoptionLondon, December 10, 2025, (Oilandgaspress) –– EVE Energy, and Green Whale Technology (GWT) have signed a strategic partnership agreement to provide high-performance marine Battery Energy Storage Solutions (BESS) and service to customers worldwide. This collaboration combines EVE Energy’s advanced lithium marine...

10 Dec U.S. Oil and Natural Gas Wells by Production Rate

Posted at 09:15h in Press Releases by oilandgaspress 0 Comments

London, December 10, 2025, (Oilandgaspress) –– In December 2023, U.S. oil production, which includes crude oil and lease condensate, averaged 13.3 million barrels per day (b/d), and U.S. natural gas production (gross withdrawals) averaged 128.0 billion cubic feet per day (Bcf/d). U.S. oil production and...