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World Oil News
VAALCO Energy, Inc. has provided an operational update that included record production and sales volumes for 2024. Vaalco is a Houston-based, independent E&P company with assets across Gabon, Egypt, Cote d’Ivoire, Equatorial Guinea, Nigeria and Canada. Source
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Ovintiv Inc. today closed the previously announced all cash sale of substantially all its Uinta assets, located in Utah, to FourPoint Resources, LLC, for approximately $2 billion. Selling its Utah assets frees up Ovintiv to focus on the Permian basin. Source
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Golar LNG has announced that the FLNG Gimi received feed gas from the bp-operated FPSO on the Greater Tortue Ahmeyim (GTA) project offshore Mauritania and Senegal. Full commissioning of the FLNG has now commenced. Source
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Salunda has integrated its Red Zone monitoring solutions on four drilling rigs in Guyana with Intellilift’s proven digital technologies to deliver automated location and control of critical equipment and personnel. Source
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SLB Capturi has completed commissioning and is handing over its modular carbon capture plant at Twence’s waste-to-energy facility in Hengelo, Netherlands. The new plant has the capacity to capture up to 100,000 metric tons of CO2 per year. Source
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SLB and Star Energy Geothermal, a subsidiary of Indonesia’s largest renewable energy company Barito Renewables, have announced a collaboration agreement to accelerate advanced technologies for geothermal asset development. Source
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Envana has been awarded a grant totaling $5.2 million by the U.S. Department of Energy (DOE) to advance oil and gas methane monitoring and mitigation technologies. The funding is part of the DOE’s Methane Emissions Reduction Program. Source
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SandboxAQ announced it has signed an agreement with Aramco to collaborate on developing a multi-GPU enabled differentiable computational fluid dynamics solver for application in oil and gas processing facilities. Source
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KBR has been awarded a contract to support sustainable production of energy resources in Saudi Arabia by contributing to the delivery of Saudi Aramco’s Master Expansion Program and increasing gas handling capacity at key regional locations. Source
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SLB and Star Energy Geothermal, a subsidiary of Indonesia’s largest renewable energy company Barito Renewables, have announced a collaboration agreement to accelerate advanced technologies for geothermal asset development. Source
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