Oil supply growth from non-OPEC producers will stall in early 2026, while demand remains robust, according to bp Plc CEO Murray Auchincloss. Non-OPEC supply has been driven in recent years by nations including Guyana and the U.S., Auchincloss said. SourceContinue Reading
KBC (A Yokogawa Company) has announced the launch of Petro- SIM® v7.6, the latest release of its flagship digital twin process simulation platform for the upstream and downstream oil and gas sectors. SourceContinue Reading
The replacement of a problematic pneumatic level controller and valve resulted in significant uptime and throughput savings for a Canadian upstream producer. SourceContinue Reading
Perenco Brazil has completed its acquisition of the Cherne and Bagre concessions from Petrobras. The acquisition includes two fixed platforms previously hibernated and scheduled for decommissioning by Petrobras. Perenco is targeting 15,000 bpd mid-term production from the concessions. SourceContinue Reading
Halliburton has secured a contract to provide completions and downhole monitoring services for the Northern Endurance Partnership (NEP) carbon capture and storage (CCS) system in northeast England’s East Coast Cluster (ECC). SourceContinue Reading
Nigeria’s First Exploration and Petroleum Development Co. is eying gas exploration in East Africa, reflecting a wider push by the country’s energy companies to grow outside the home market. SourceContinue Reading
ADNOC Drilling Co. is planning to buy a company operating oil and gas rigs in Kuwait and Oman, which would be the second such deal in less than a year as the United Arab Emirates-based firm expands beyond its home market. SourceContinue Reading
OPEC+ closed a two-year chapter in its oil strategy on Sunday with the last in a series of bumper oil production increases. But it left crude traders with a cliffhanger, as delegates emphasized privately that the next move could just as easily be a cut as a hike. SourceContinue Reading
Technip Energies has been awarded a major Engineering, Procurement, and Construction (EPC) contract by Commonwealth LNG for its 9.5 MMtpa liquefied natural gas (LNG) facility located in Cameron Parish, Louisiana, U.S. SourceContinue Reading
Malaysia’s Petronas is working with Bank of America Corp. to sell its 50% stake in the Brazilian oil field Tartaruga Verde, according to unnamed sources. Petronas bought the stake in 2019 as part of a bigger transaction with Petrobras, which still owns the remaining 50%. SourceContinue Reading
