Global Infrastructure Partners (GIP) has entered into a definitive agreement to acquire a 49.99% interest in Eni CCUS Holding, a leading global platform in the carbon capture, utilization, and storage (CCUS) sector. SourceContinue Reading
Brazilian oil company Prio said Monday that the local regulator, ANP, has mandated a production halt at the Peregrino FPSO due to necessary improvements in risk management documentation and adjustments to the deluge system, according to a Reuters report. SourceContinue Reading
Oil swung between gains and losses as traders awaited a meeting between Presidents Donald Trump and Volodymyr Zelenskiy, with the Ukrainian leader facing U.S. pressure to agree to ceding territory to Russia. SourceContinue Reading
ProFrac and Seismos have partnered to launch Closed Loop Fracturing, now available across all major U.S. basins. The collaboration marks the first large-scale deployment of an extensively operator-validated, real-time, automated quality control system. SourceContinue Reading
Global Infrastructure Partners (GIP) has entered into a definitive agreement to acquire a 49.99% interest in Eni CCUS Holding, a leading global platform in the carbon capture, utilization, and storage (CCUS) sector. SourceContinue Reading
ExxonMobil has signed a long-term agreement with Cerebre to accelerate and sustain ExxonMobil’s Foundational Digital Backbone. This strategic collaboration underscores ExxonMobil’s commitment to data and innovation targeted at driving enterprise operational efficiency. SourceContinue Reading
TechTAC® has secured a U.S. patent for its Slimline® QuickSet™ Tubing Anchor Catcher (TAC). The reduced revolutions required to set the Slimline QuickSet TAC allows petroleum engineers and operators more flexibility in the design and deployment of their downhole production strings. SourceContinue Reading
MedcoEnergi has recorded a reduction of more than 1.5 million tons of Scope 1 and 2 greenhouse gas (GHG) emissions compared to its 2019 baseline. This amount surpasses the company’s 2025 target of 1.08 million tons CO₂e. SourceContinue Reading
Rystad Energy’s latest research shows the global amount of discovered, recoverable oil resources has increased by 5 billion barrels over the past year, even though 30 billion barrels were produced globally in 2024. SourceContinue Reading
A new report from the Texas Independent Producers and Royalty Owners Association (TIPRO) highlights new employment figures showing a decrease in upstream employment in Texas in the month of July. SourceContinue Reading
