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World Oil News
Halliburton has announced the addition of SandTrap® XL to its sand consolidation portfolio. This latest innovation addresses the industry’s challenge of excessive sand production with a low-viscosity resin system. Activated externally, it enables solids control over large intervals. Source
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Petrofac has been awarded a multi-million-dollar, two-year contract by Bapco Upstream. Petrofac will support Bapco’s production plans to meet gas demands for Bahrain through the delivery of well hook-ups, associated pipelines and tie-ins for several new wells within the Bahrain Field. Source
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(Bloomberg) — Exxon Mobil Corp. has agreed to sell most of its assets in Argentina’s Vaca Muerta shale patch to Pluspetrol S.A., according to people familiar with the matter. Source
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(WO) — Enovate AI has announced a strategic partnership with SGS to revolutionize drilling efficiency in the oil and gas industry through the application of AI-driven Bottom Hole Assembly (BHA) optimization, specifically focusing on roller reamer placement. Source
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(WO) – Linde Engineering has signed an agreement with NEXTCHEM to provide carbon capture technology to ADNOC’s Hail and Ghasha project. Located in the UAE, the project is one of the world’s largest offshore sour gas developments and aims to operate with net zero emissions.   Source
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(Bloomberg) — The U.K. government went no further in toughening up the tax regime for North Sea oil and gas producers than measures already announced, keeping capital allowances in the windfall tax following protests from the industry.  Source
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(WO) — ROGII has announced the acquisition of TLog Mudlog Editor software from TerraSLS. This strategic acquisition will significantly enhance ROGII’s product offerings by providing operators and clients with unprecedented real-time connectivity to mudlogging data. Source
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(WO) — ADNOC Drilling announced a significant increase in third quarter 2024 revenue, driven by the company’s expansion of onshore and offshore fleets, OFS expansion and joint-venture contributions.  Source
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(Bloomberg) — The U.K. government went no further in toughening up the tax regime for North Sea oil and gas producers than measures already announced, keeping capital allowances in the windfall tax following protests from the industry.  Source
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(WO) – Linde Engineering has signed an agreement with NEXTCHEM to provide carbon capture technology to ADNOC’s Hail and Ghasha project. Located in the UAE, the project is one of the world’s largest offshore sour gas developments and aims to operate with net zero emissions.   Source
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