U.S. Energy Secretary Chris Wright said it’s “unlikely” the country’s oil production will drop next year, contrary to the expectations released this week by a government agency. The EIA revised down its view of U.S. production Tuesday, anticipating the first drop in output since 2021. SourceContinue Reading
Oceaneering International, Inc. (Oceaneering) announced today that its Offshore Projects Group (OPG) segment has entered into a vessel services agreement with a major operator for use of the MPSV Harvey Deep Sea. SourceContinue Reading
Chevron and Halliburton have jointly developed an intelligent fracturing process that combines automated stage execution with subsurface feedback to optimize delivery of energy into the wellbore without relying on human intervention. SourceContinue Reading
While the current conflict with Russia may not inspire a great deal of optimism, the chairman of Naftogaz’s Supervisory Board says he can see better days ahead for Ukraine’s upstream sector, once the war comes to an end. SourceContinue Reading
During a June 10 special session at the Unconventional Resources Technology Conference (URTeC) in Houston, panelists discussed the latest advancements in Generative AI and machine learning for unconventionals. SourceContinue Reading
The BlueFloat Energy | Nadara Partnership has become the first offshore wind developer to adopt and deploy WindSafe™, an AI-powered safety and assurance platform, across its portfolio of floating wind projects. SourceContinue Reading
ADNOC is evaluating whether it can buy some of bp Plc’s key assets should the embattled British firm decide to break itself up or come under pressure to divest more units, according to people with knowledge of the matter. SourceContinue Reading
The Gulf’s rising importance represents a turnaround from the past two decades, when the region took a backseat to the U.S. shale boom. But now tumbling crude prices are hurting shale drillers while major, longer-term Gulf projects are starting to come online. SourceContinue Reading
Aquaterra Energy, an offshore engineering solutions provider, has secured two major contracts to support the Northern Endurance Partnership (NEP), the CO2 transportation and storage provider for the East Coast Cluster. SourceContinue Reading
Baker Hughes has secured a P&A contract with Equinor based on its Mature Assets Solutions portfolio. The agreement will enable Equinor to drive efficiencies, industrialize P&A operations through end-to-end integration. The award marks the start of a multi-year frame agreement for integrated well services. SourceContinue Reading
