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World Oil News
Caterpillar Oil & Gas has launched its new Cat® Dynamic Gas Blending™(DGB) Gen 2 Kit. The solution enables drilling companies to utilize existing 3512C Tier 2 power solutions to lower greenhouse gas (GHG) emissions and reduce total cost of ownership. Source
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Subsea connection systems provider UNITECH Offshore, and thermoplastic composite pipe (TCP) manufacturer, Strohm, have signed a memorandum of understanding (MoU) to develop and commercialize an integrated system for the transportation of fluids and gases. Source
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SBM Offshore announced that its FPSO Almirante Tamandaré is formally on hire as of February 16, 2025 after achieving first oil and the completion of a 72-hour continuous production test leading to Final Acceptance. Source
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Energy industry confidence in reaching global net-zero targets is fading as policy instability, financial uncertainty and slow project approvals continue to hinder progress, according to Net Zero Jeopardy Report II by the Energy Industries Council’s (EIC) Source
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Draeger Safety UK has secured a contract extension with INEOS O&P UK. A direct continuation of the existing work scope, the agreement covers the provision and maintenance of Portable Gas Detection and Rental Robot services to support the company’s operations.  Source
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Repsol has announced a partnership to adopt IBS Software’s iLogistics Control Tower solution, streamlining logistics and providing an end-to-end view of the supply chain to enhance decision-making and operational efficiency across its operations. Source
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Sentinel Midstream’s Texas GulfLink deepwater crude oil export terminal has received key approval its Record of Decision (ROD) from the U.S. Department of Transportation’s Maritime Administration approving its deepwater port license application. Source
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EnerMech has secured a five-year contract extension to provide North Oil Company (NOC) with leak testing and flange management services. The award, in the Al Shaheen Oil Field, Qatar, reinforces EnerMech’s expertise and strong relationship with NOC. Source
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Zion Oil & Gas announced a significant operational milestone as work resumes on the recompletion of the Megiddo-Jezreel 1 (MJ-01) well in Israel. This marks a crucial phase in Zion’s ongoing efforts to unlock Israel’s onshore energy potential. Source
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​Wood has been selected to provide operations and maintenance solutions for MTR Carbon Capture at the world’s largest membrane-based carbon capture plant in Gillette, Wyoming, the global consulting and engineering firm announced.  Source
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