Drones are particularly valuable for inspecting production facilities, offshore oil rigs, wind turbines, and pipelines, providing comprehensive and timely assessments while keeping personnel out of hazardous environments and underscoring the transformative impact of UAVs on maintenance and monitoring practices across the energy sector. SourceContinue Reading
Countries like Angola, Mozambique, Uganda and Tanzania are opening up new exploration frontiers, presenting attractive farm-in opportunities for independents like ReconAfrica. The oil reserves in Uganda’s portion of the Lake Albert basin, particularly in the Albertine Graben, are estimated at around 6.5 Bbbl, indicating promising prospects within the onshore region. SourceContinue Reading
ADNOC Drilling’s second quarter and first half 2024 revenue increased to $935 million and more than $1.8 billion, up year-on-year by 29% and 26%, respectively. This growth has been driven by the expansion of operations across all business segments. SourceContinue Reading
Kent will support the portfolio with their highly experienced CSU workforce while implementing its best-in-class commissioning processes, systems, and tools throughout the program of works, including its custom-built Commissionability (TM) software. SourceContinue Reading
Production at Sharara in southern Libya has stopped completely from nearly 270,0000 bpd on Saturday when employees received orders to trim output, according to the people, who asked not to be identified as they aren’t authorized to speak to the media. SourceContinue Reading
Petrobras achieved the main target of the Uchuva-2 well, confirming the extent of the natural gas discovery made in 2022 while drilling of the Uchuva-1 well. This well adds relevant information for the development of a new frontier of exploration and production in Colombia, reinforcing the volumetric potential for natural gas in the region. SourceContinue Reading
The move would have allowed Ecopetrol to add around 50,000 bpd, “providing much-needed growth visibility outside of Colombia,” Bloomberg Intelligence analyst Will Hares wrote in a note. BTG Pactual estimated it would expand Ecopetrol’s reserves by 11%. SourceContinue Reading
Shell is the last of the European majors to report their results and, like its peers, the company’s profits were underpinned by crude prices that averaged about $85 a barrel during the second quarter. These strong upstream earnings helped to offset weakness elsewhere, notably in refining and natural gas trading. SourceContinue Reading
The companies agreed other contractors could finish work on Golden Pass last month, paving the way for a restart after several setbacks this year. The new schedule means the 18 million-metric-ton-a-year facility, one of the country’s biggest, will begin operations about six months later than the previous plan, Exxon Chief Financial Officer Kathy Mikells said...Continue Reading
The move would have allowed Ecopetrol to add around 50,000 bpd, “providing much-needed growth visibility outside of Colombia,” Bloomberg Intelligence analyst Will Hares wrote in a note. BTG Pactual estimated it would expand Ecopetrol’s reserves by 11%. SourceContinue Reading
