Jump to content
Major oil field service companies are pivoting to more work in international and offshore fields amid a slowdown in U.S. shale activity brought on by industry consolidation, low natural gas prices and pressure to keep spending muted and return profits to shareholders. View the full article
The upstream assets consist of a portfolio of production and exploration licenses in the DNS comprising 2,415 km2 (approximately 600,000 net acres). The licenses are in shallow water at an average water depth of 34 m, approximately 60 km offshore. View the full article
The partnership will allow for centralized fleet monitoring with real-time vessel tracking and streamlined reporting. The data will then be integrated into Opsealog’s Marinsights platform to deliver insights that will help BOURBON optimize vessels’ operational profiles to reduce fuel consumption and associated GHG emissions, while also helping reduce operating costs. View the full article
The group led by Saudi Arabia and Russia agreed last month to begin gradually restoring roughly 2.2 MMbpd of halted crude oil production from October. When prices immediately slumped, officials stressed that a committee due to gather on Aug. 1 could postpone the hike if necessary. View the full article
The subsea infrastructure will tie back to the Energean Power floating production, storage, and offloading vessel (FPSO), which currently serves the Karish and Karish North developments. TechnipFMC also delivered fully integrated subsea solutions utilizing our iEPCI™ execution model for both of these developments. View the full article
About 500,000 bpd of marketable oil sands production could be within 10 km (6.2 miles) of an out-of-control blaze, Rystad Energy said in a report Thursday. That’s equal to roughly 10% of the total oil production in the province. As much as 1.2 MMbpd could be within 20 km. View the full article
It’s still early days for Namibia, and none of the discoveries in its waters have yet been declared commercially viable. But TotalEnergies aims to approve its first development at the Venus field later this year, and Chief Executive Officer Patrick Pouyanne has said the African country could one day enjoy a boom like that underway on the other side of the Atlantic in Guyana. View the full article
Block 5 is located offshore Suriname in shallow water depths of about 30-45 m. The license is currently proceeding to its second exploration phase with a commitment to drill an exploration well. View the full article
The companies hardest hit by the outage at Freeport LNG, which began on July 6, include Japanese companies Jera Co. and Osaka Gas Co., oil majors bp Plc. and TotalEnergies SE, and South Korea’s SK E&S Co., people familiar with the matter said. View the full article
The powerful SaaS solution includes AI-enabled asset monitoring and a scheduling and optimization engine that enables increased resource utilization and service uptime of assets in electrical substations. View the full article
With such an overwhelming response, the excitement for the awards ceremony is higher than ever. World Oil invites you to join us on October 9, 2024, at the luxurious Post Oak Hotel in Houston, Texas, for a night of celebration, networking, and recognition of industry excellence. View the full article
Shell will migrate from their current in-house software to Imaging AnyWare, a modern, fully integrated enterprise-class imaging system renowned for its efficiency, flexibility and usability. The choice of TGS’ Imaging AnyWare represents a significant validation of the software's excellence. View the full article
The deal includes a 10% interest in 15 oil mining leases and the Forcados and Bonny export terminals, which are part of the Shell Petroleum Development Co. joint venture, Nigerian-owned Chappal Energies said in a statement Wednesday. View the full article
In the past 24 hours, 47 new fires emerged in the province, most of them south of the unofficial oil sands capital of Fort McMurray, said Kai Bowering, spokeswoman for Alberta Wildfire. The arid conditions are expected to persist for the next 24 hours, making it easier for the blazes to spread, she said. View the full article
Etu Energias has entered a deal to acquire Galp Energia’s stake in Block 32, Block 14, and Block 14K offshore Angola for $443 million. The acquisition transaction includes Galp’s 5% non-operating stake in Block 32, 9% non-operating stake in Block 14, and 4.5% non-operating stake in Block 14K. View the full article
The company plans to restart its first production line this week, with the intent to start the remaining units shortly thereafter, Browne said. Still, production is expected to be at reduced rates, a spokesperson said, without saying how long the reduction would last. The plant is designed to produce 15 million metric tons of LNG annually. View the full article
PEL 73 is located onshore northeast Namibia, covering an area of approximately 25,341 km2. Two exploration wells are planned to be drilled in the Damara Fold Belt basin in the second half of 2024. The wells are targeting a combined un-risked resource potential of 489 MMbbl of oil, based on the most recent prospective resource report by Netherland, Sewell & Associates Inc. View the full article
LLOG Exploration Company has acquired 41 blocks of offshore acreage encompassing approximately 236,000 acres in the East Breaks and Alaminos Canyon area of the deepwater GOM. View the full article
Perenco Cameroon announced the launch of the Perenco Group's first gas-to-industry supply project in Central Africa with delivery of gas from the Bipaga Gas Processing Centre, operated by Perenco Cameroon, to the ceramic manufacturing plant of Keda Ceramics. View the full article
Repeated delays to well plugging and abandonment (P&A) work, competition for rigs from overseas and cost pressures are pushing up the estimated bill for decommissioning on the UK Continental Shelf, according to the North Sea Transition Authority's new report. View the full article
The Bureau of Land Management (BLM) announced it is seeking public opinion on whether or not to expand so-called “protected” areas in Alaska’s National Petroleum Reserve (NPR-A). If enacted, the measure would expand on the Biden administration’s recent ban on new oil and gas drilling projects in the region. View the full article
The LK7-1-1 exploration well was drilled and completed at a depth of approximately 4,400 m, which encountered a total of 76 m oil and gas pay zones. The well was tested to produce about 210 cubic meters of crude oil and nearly 1 MMcmgd, a new record for natural gas tested productivity in Bohai Bay. View the full article
The Sensori fracture monitoring service provides true, real-time data acquisition and processing of near-well and far-field subsurface measurements. Through automation, cloud processing and big data analytics, the Sensori service provides continuous, real-time subsurface feedback for multiple well pads across an entire asset. View the full article
Most Active Members
Recently Online
Popular Members
