(Bloomberg) – Turkey said it wants to help increase oil and natural gas production in Syria, the latest step in Ankara’s overtures for deeper involvement in the reconstruction of the war-torn country. SourceContinue Reading
Golar LNG has acquired Seatrium’s and Black & Veatch’s minority ownership interests in the FLNG Hilli. The total consideration for the acquisitions is $90.2 million, of which $59.9m is in equity and $30.3 million is a pro-rata share in the existing FLNG Hilli debt facility. SourceContinue Reading
Vermilion Energy Inc. has entered into an arrangement agreement to acquire Westbrick Energy Ltd., a privately held oil and gas company operating in the Deep Basin, for total consideration of $1.075 billion. SourceContinue Reading
The oil & gas industry has seen a dip in active jobs in 2024, but hiring trends remain relatively better compared to pre-COVID levels. There has been a noticeable increase in job opportunities from non-U.S. companies, according to GlobalData. SourceContinue Reading
The Sanha Lean Gas Connection project – situated in Angola’s Benguela province – has achieved first gas production. The project is spearheaded by the Cabinda Gulf Oil Company, Chevron’s Angolan subsidiary. SourceContinue Reading
Seatrium has signed a contract with BP Exploration and Production Inc (bp) to perform engineering, procurement, construction and onshore commissioning (EPC) work for the Kaskida Floating Production Unit (FPU) project in the U.S. Gulf of Mexico. SourceContinue Reading
Falcon Oil & Gas Ltd. has announced that the Shenandoah S2-4H horizontal well was successfully drilled, cased and cemented to a measured depth of 6,452 meters (21,169 feet) in exploration permit 98 in the Beetaloo Sub-basin. SourceContinue Reading
McDermott has opened a new welding and technology center of excellence for research, development and qualification. The facility is located at the Oilfields Supply Center in Dubai’s Jebel Ali Freezone. SourceContinue Reading
Annual methane emissions stemming from oil and gas production operations in the Permian basin decreased 26% in 2023 from the previous year, according to a new analysis by S&P Global Commodity Insights. SourceContinue Reading
