(Bloomberg) – China’s Cnooc Ltd. said it’ll keep spending flat in 2025, while revising its output targets lower. The country’s biggest offshore oil and gas explorer produced about 720 million barrels of oil equivalent in 2024, according to statement.
Wood secures $120 million engineering contract extension with Shell UK
Wood has been awarded a $120 million contract extension by Shell UK to provide brownfield engineering, procurement and construction (EPC) and subsea and integrity management to onshore and offshore assets across the UK.