Westwood has launched MarineLogix, a new offshore vessel intelligence platform designed to track utilization, availability and performance across more than 10,000 offshore vessels worldwide, supporting decision-making in offshore oil and gas, offshore wind and related marine markets. SourceContinue Reading
Akrake Petroleum has completed drilling of the AK-2H horizontal production well at the Sèmè field offshore Benin, encountering oil-saturated sandstone with no water contact and reservoir quality in line with expectations. SourceContinue Reading
TotalEnergies and Kuwait Oil Company have signed a memorandum of understanding to strengthen technical cooperation and advance studies related to potential exploration opportunities in Kuwait. SourceContinue Reading
The U.S. government is preparing to issue a general license to allow companies with U.S. ties to restart oil production in Venezuela, easing sanctions and supporting revival of the country’s upstream sector. SourceContinue Reading
Tenaris has secured new contracts supporting Phase 3 development of Türkiye’s Sakarya gas project, one of the Black Sea’s most technically demanding ultra-deepwater fields. The awards advance drilling, flow assurance and production infrastructure as the project moves toward scaled offshore gas output in water depths exceeding 2,000 m. SourceContinue Reading
SLB has been awarded a $1.5 billion, five-year integrated development contract by Kuwait Oil Company for the next phase of the Mutriba field, covering HPHT and sour reservoirs. SourceContinue Reading
World Oil marked a milestone in its annual Forecast Breakfast series on Friday, celebrating 100 years of forecasting and its 58th Forecast Breakfast event, with industry leaders offering a clear-eyed view of global energy demand, U.S. shale productivity, regulatory challenges and the year ahead for drilling activity. SourceContinue Reading
Namibia’s push toward first oil is being driven by partnerships and dealmaking across its offshore basins. Farm-ins, portfolio reshuffling and joint appraisal programs at Venus and Mopane highlight growing confidence in the country’s deepwater potential as operators work to de-risk projects and accelerate development timelines. SourceContinue Reading
The Energy Workforce & Technology Council welcomed new U.S. Department of the Interior action aimed at supporting oil and gas production on federal lands, citing workforce and energy security benefits. SourceContinue Reading
Flowco Holdings agreed to acquire Valiant Artificial Lift Solutions for about $200 million, expanding its ESP and artificial lift capabilities across the Permian basin. SourceContinue Reading
