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World Oil News
TGS, a global provider of energy data and intelligence announced today the launch of the Dawson Phase III 3D multi-client seismic survey in the Western Canadian Sedimentary Basin. Source
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Halliburton and Coterra Energy announced the launch of autonomous hydraulic fracturing technology in North America with the Octiv® Auto Frac service, which is part of the ZEUS platform. Source
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The Independent Petroleum Association of America (IPAA) have responded to the announcement of the Biden Administration’s plan to remove millions of acres of U.S. oceans from potential oil and gas drilling. Source
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(Bloomberg) – Oil extended a rally that has brought it to the highest in more than two months as shrinking U.S. crude stockpiles and a risk-on tone in broader markets overshadowed signs of a misfiring Chinese economy. Source
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Egypt President Abdel Fattah El-Sisi has emphasized the importance of developing newly discovered wells and including them in the nation’s production plan, as well as intensifying exploration activities in Egypt’s onshore and offshore areas. Source
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The American Petroleum Institute (API) has released a statement regarding the U.S. Department of the Treasury’s final regulations for the Section 45V Clean Hydrogen Production Tax Credit. Source
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Drilling Tools International (DTI) announced their completed successful acquisition of Titan, a UK-based downhole tool rental company. The acquisition strengthens DTI’s presence in the North Sea, European and African markets. Source
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The Independent Petroleum Association of America (IPAA) today shared unfortunate news of the passing of Steven B. Hinchman (Steve), the association’s 43rd Chairman of the Board, and steadfast leader during challenging times. Source
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(Bloomberg) – Tullow Oil Plc stocks rose after an international body found it wasn’t liable for a $320 million tax assessment in Ghana, where its key oil assets are located. Source
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The Energy Workforce & Technology Council has shared news of the passing of Sherry Stephens Blanks, former President of the Petroleum Equipment and Services Association (PESA), now the Energy Workforce & Technology Council. Source
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