The five-year contract, worth approximately $203 million (£150 million), encompasses ASCO’s full suite of integrated logistics services. The award represents a major milestone for ASCO, marking one of the largest logistics contracts in its recent history. SourceContinue Reading
Perenco Congo has confirmed a major investment project with the construction of a new offshore platform, Kombi 2. The Kombi 2 construction project, including the upcoming drilling phases, represents an investment of over $200 million. SourceContinue Reading
Rotork has supplied over 200 actuators to ONE-Dyas for the N05-A upstream gas processing platform, located in the Dutch North Sea. The actuators will support the electrification and automation of the platform. SourceContinue Reading
Israel ordered the halt of the offshore Leviathan field operated by Chevron due to security concerns, according to the Energy Ministry. The escalating tensions in the Middle East raise the risk of a wider war in a region that’s key to global energy supplies. SourceContinue Reading
Israel ordered the halt of the offshore Leviathan field operated by Chevron due to security concerns, according to the Energy Ministry. The escalating tensions in the Middle East raise the risk of a wider war in a region that’s key to global energy supplies. SourceContinue Reading
Oil jumped and stocks slid after Israel attacked Iran’s nuclear program facilities and killed senior military commanders in a significant escalation of tensions in the Middle East. Brent crude gained 7.6%, having earlier surged as much as 13% in the biggest intraday jump since March 2022. SourceContinue Reading
The final day of URTeC on June 11 saw continued discussions on the opportunities and challenges facing the unconventional resources sector. One of these challenges was not a discussion unique to URTeC; from conferences like CERAWeek earlier this year to present, the issue of sourcing new talent and preventing knowledge loss in the industry has...Continue Reading
FourPhase has entered into an agreement with Shell Trinidad and Tobago that will involve sand management and production optimization for Shell Trinidad & Tobago on its topside offshore oil and gas platforms in the Caribbean. SourceContinue Reading
The U.S. Environmental Protection Agency (EPA) has announced a proposal to reverse rules dictating CO2 emissions for fossil fuel-based power plants. Texas Railroad Commissioner Wayne Christian voiced his support in a statement Thursday. SourceContinue Reading
“We applaud the Senate Committee on Energy and Natural Resources for taking bold action to restore American energy leadership,” said American Petroleum Institute CEO and President Mike Sommers. SourceContinue Reading
