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The contracts involve both conventional and in-field processing services for 2D and 3D seismic surveys in countries like Saudi Arabia, Pakistan, Ukraine, the USA, Colombia, and Brazil. View the full article
Adena Power has joined Halliburton Labs, marking a new collaboration aimed at advancing energy storage solutions. View the full article
Leading national energy associations have expressed strong backing for the Energy Permitting Reform Act of 2024, introduced by Senate Energy & Natural Resources Chairman Joe Manchin (I-WV) and Ranking Member John Barrasso (R-WY). View the full article
Zephyr Energy plc has released initial results from the State 36-2R well at its Paradox Basin project in Utah. The early production test shows promising outcomes for the well, which was evaluated at various rates and choke settings. View the full article
TotalEnergies has sold its stake in 18 Nigerian onshore oil mining licenses to Mauritius-based Chappal Energies. This sale reflects a broader trend where junior and independent explorers, along with African national oil companies are increasingly acquiring onshore assets as global majors shift their focus to offshore projects. View the full article
Baker Hughes Co. lowered its expectations for U.S. shale activity, saying an anticipated recovery in oil drilling is no longer likely this year. View the full article
Energy Workforce & Technology Council President Tim Tarpley released a statement regarding the Energy Permitting Reform Act of 2024, introduced by Senate Energy & Natural Resources Chairman Joe Manchin (I-WV) and Ranking Member John Barrasso (R-WY). View the full article
Earlier this week, Texas Railroad Commissioner Jim Wright testified before the U.S. House Committee on Natural Resources, where he spoke in favor of bipartisan legislation to provide states with more flexibility to utilize the orphan well plugging funds provided to states under the Infrastructure, Investment, and Jobs Act. View the full article
Two production trains are increasing production already. They will be followed by the third train as early as the end of next week. Full production is expected in August, people said, asking not to be identified because the information was not made public. View the full article
Through the transaction, H&P will increase its Middle East rig count from 12 to 88 rigs, 71 of which are in Saudi Arabia, Oman and Kuwait. Based on award activity to date, the pro forma company would be one of the larger rig providers in the Middle East. View the full article
Transocean Ltd. issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company’s fleet of offshore drilling rigs. The aggregate incremental backlog associated with these fixtures is approximately $656 million. View the full article
Having already obtained all other relevant local and regulatory authorities’ authorizations, this achievement will allow Eni to proceed to with the sale of Nigerian Agip Oil Company Ltd (NAOC Ltd), Eni’s wholly owned subsidiary focusing on onshore oil & gas exploration and production as well as power generation in Nigeria, to Oando PLC, Nigeria’s leading national energy solutions provider. View the full article
A bankruptcy judge on Wednesday approved a settlement between the joint venture building Exxon Mobil Corp.’s $10 billion gas export project in Texas and lead contractor Zachry Holdings Inc., allowing other companies to finish work on the plant. View the full article
In tweets and campaign memos, Republican are resurfacing Harris’ previous anti-fracing stance to show how out of touch with voters in politically important states such as Pennsylvania. View the full article
Russia plans to make extra crude oil production cuts to compensate for pumping above its OPEC+ quota in October and November this year, then between March and September of 2025. The compensation cuts will be made to account for overproduction that has occurred from April, Russia’s Energy Ministry said in a Telegram statement. View the full article
Matador executives on a Wednesday earnings conference call with analysts credited the better-than-expected well performance to drilling efficiency improvements such as crews spending less time drilling wells and hydraulic fracturing more wells simultaneously. View the full article
Prices for natural gas would “skyrocket” if fracing was banned. That’s according to Toby Rice, chief executive officer of shale driller EQT Corp., marking one of the first prominent voices in the fossil fuel industry to comment on the election after President Joe Biden said he would end his candidacy. View the full article
Westerton Access, a global provider of specialist subsea inspection, maintenance and integrity services to the energy market, announced the appointment of James Griffin, who has joined the business in the role of Regional Manager, overseeing sales and operations for the company’s Europe and West Africa business unit. View the full article
Russia plans to make extra crude oil production cuts to compensate for pumping above its OPEC+ quota in October and November this year, then between March and September of 2025. The compensation cuts will be made to account for overproduction that has occurred from April, Russia’s Energy Ministry said in a Telegram statement. View the full article
Matador executives on a Wednesday earnings conference call with analysts credited the better-than-expected well performance to drilling efficiency improvements such as crews spending less time drilling wells and hydraulic fracturing more wells simultaneously. View the full article
Prices for natural gas would “skyrocket” if fracking was banned. That’s according to Toby Rice, chief executive officer of shale driller EQT Corp., marking one of the first prominent voices in the fossil fuel industry to comment on the election after President Joe Biden said he would end his candidacy. View the full article
Since its creation in 2019, the Permian Strategic Partnership has doubled its membership and committed $153 million in philanthropic investments to generate over $1.5 billion in community support and collaborative investments. View the full article
TechnipFMC has been awarded a “substantial” contract by Petrobras to supply flexible pipe for the pre-salt fields offshore Brazil. The contract covers the design, engineering, and manufacture of flexible pipe for water injection and gas lift.
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