SLB announced at OTC Day 2 the launch of Electris™ — a portfolio of digitally enabled electric well completions technologies that boost production and recovery while reducing the total cost of ownership of an asset. SourceContinue Reading

Sentinel Subsea has successfully completed a six-figure project involving deploying two WellSentinel™️ Coral systems for a key operator in the North Sea. This project supports a large-scale drilling operation and is a significant milestone in the company’s ongoing efforts to enhance offshore safety and operational efficiency. SourceContinue Reading

ABS and Akselos S.A. have announced the joint completion of technical assessment for structural digital twin technology. This marks a significant advancement in the application of digital twin technology for FPSO units, enabling more accurate and reliable assessments of structural integrity.  SourceContinue Reading

Oil Prices Bounce Back From OPEC+ Bombshell | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Premium Content By Michael Kern – May 06, 2025, 10:03 AM CDT Oil prices rallied aggressively on Tuesday morning, recovering from the OPEC+-induced drop that was sparked by the cartel’s decision...Continue Reading

Oil Prices Surge as Market Shrugs Off OPEC Quota Shock | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – May 06, 2025, 9:54 AM CDT Oil prices staged a robust comeback on...Continue Reading

Higher Demand and Rates Push Duke Energy Q1 Profit Above Estimates | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – May 06, 2025, 9:30 AM CDT U.S. utility giant Duke Energy (NYSE: DUK) reported on Tuesday consensus-beating earnings for the first quarter as higher rates and...Continue Reading

Iraq’s Oil Exports to India Topped $29 Billion in 2024 | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – May 06, 2025, 8:35 AM CDT OPEC’s second-largest producer, Iraq, exported crude...Continue Reading

German Energy Giant Uniper Receives Claims From Gazprom Dispute | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – May 06, 2025, 7:40 AM CDT Germany’s utility giant Uniper obtained in the...Continue Reading

The recent oil price crash will surely hit Saudi Arabia’s state finances going forward, but the Kingdom already booked a hefty budget deficit for the first quarter, before oil prices dropped dramatically. During the first quarter of the year, the budget deficit of the world’s top crude oil exporter swelled to $15.6 billion (58.7 billion...Continue Reading

Weak Chinese Imports Sink Asia’s Coal Prices to Four-Year Low | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – May 06, 2025, 6:36 AM CDT China’s streak of weak monthly coal...Continue Reading