TWMA* has secured a contract with bp to provide drilling waste management services in the UK North Sea. The scope of work will utilize TWMA’s RotoMill** technology for the safe and efficient processing of drilling waste directly at the wellsite. SourceContinue Reading
Prosafe has been declared the winner of a bidding process for a four-year contract by Petrobras for the provision of the Safe Notos semi-submersible vessel for safety and maintenance support offshore Brazil. SourceContinue Reading
BKV Corporation has formed a strategic joint venture with Copenhagen Infrastructure Partners (CIP), on behalf of its Energy Transition Fund I, to expand BKV’s portfolio of carbon capture, utilization and sequestration (CCUS) projects. SourceContinue Reading
WTI climbed 1.9% to settle near $61 a barrel on Friday, the highest in over a week, as the Trump administration weighs reducing levies on China to de-escalate tensions and temper the economic pain in both countries. SourceContinue Reading
The drilling unit of the United Arab Emirates’ biggest oil company expects to make three acquisitions in the second half of this year totaling about $500 million, as it expands in technology and hardware to bolster growth. SourceContinue Reading
BKV Corporation has formed a strategic joint venture with Copenhagen Infrastructure Partners (CIP), on behalf of its Energy Transition Fund I, to expand BKV’s portfolio of carbon capture, utilization and sequestration (CCUS) projects. SourceContinue Reading
Thailand officials have discussed potential involvement in a $44 billion Alaska gas pipeline project through investments in gas exploration and production and related infrastructure with project officials, the Ministry of Energy said in a statement on Thursday. SourceContinue Reading
Oman is looking to sell a stake in natural gas assets valued at about $8 billion, according to people familiar with the plan, as the sultanate seeks to raise cash to shore up its state finances and fund investments. SourceContinue Reading
OTC 2025 day three kicked off with a keynote speaker panel on the ongoing challenges of digital transformation in the offshore sector. Across various digital technologies, a critical keystone must be addressed to provide a suitable digital foundation: quality data and access to it. SourceContinue Reading
ADNOC Drilling has announced strong financial results for the first quarter of 2025, building on its growth trajectory with a focus on strategic investments in fleet expansion, integrated services, AI and global expansion. SourceContinue Reading
