Ecopetrol SA plans to continue drilling for natural gas in Colombian Caribbean waters after partner Shell Plc exited three offshore blocks, betting on growing domestic demand and potentially lucrative reserves. SourceContinue Reading
ExxonMobil CEO Darren Woods said the company will keep its capital allocation plans intact even if oil declines toward $50 a barrel. Exxon plans to bring on a 250,000 bpd expansion project in Guyana later this year, adding to global supplies. SourceContinue Reading
Two workers injured in a May 20 fire on a Chevron Corp. oil platform off the coast of Angola have died. Authorities are working to recover a body spotted underwater near the platform, according to Angola’s Petroleum and Minerals Ministry. SourceContinue Reading
Several delegates said they expect the Organization of the Petroleum Exporting Countries and its partners to leave unchanged their longer-term targets for 2025 and 2026, which underpin its current supply restraints. SourceContinue Reading
BW Offshore has signed an agreement to acquire the FPSO Nganhurra, a purpose-built facility with production capacity of 100,000 bpd and storage capacity of 900,000 barrels. The acquisition is part of a strategy to offer timely and competitive redeployment solutions. SourceContinue Reading
NesmaKent Energy Company, a joint venture between Nesma & Partners (N&P) and Kent, has signed a strategic contract with Aramco to lead the commencement of phase one of the National EPC Champion Initiative. SourceContinue Reading
South Africa has officially established its new state-owned oil corporation—South African National Petroleum Company (SANPC). The launch—which follows the merger of PetroSA, iGas and the Strategic Fuel Fund—signals the rise of an integrated oil company in South Africa. SourceContinue Reading
Kongsberg Maritime has launched its new Tunnel Thruster type TTH, setting new standards in performance and reliability with a compact, modular design that reduces downtime and eliminates the need for dry-docking. SourceContinue Reading
Valeura Energy has completed an eight-well drilling campaign at License B5/27, offshore Gulf of Thailand, the company announced. The block B5/27 drilling program was completed safely, on time, and under budget, Valeura noted. SourceContinue Reading
NesmaKent Energy Company, a joint venture between Nesma & Partners (N&P) and Kent, has signed a strategic contract with Aramco to lead the commencement of phase one of the National EPC Champion Initiative. SourceContinue Reading
