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World Oil News
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). Source
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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. Source
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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. Source
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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. Source
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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. Source
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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%. Source
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bp has successfully started up its Argos Southwest Extension project, the first in a series of new projects planned in the Gulf of America/Gulf of Mexico over the next five years. The project adds 20,000 boed of production at the existing Argos platform. Source
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ADNOC Gas has announced the signing of a Heads of Agreement with Hindustan Petroleum Corporation Limited (HPCL) to supply 0.5 million metric tonnes per annum (MMtpa) of liquefied natural gas (LNG) for a 10-year term. Source
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A joint venture between Fluor Corporation and JGC Corporation has been awarded a contract to update the Front-End Engineering and Design (FEED) for a proposed Phase 2 expansion of the LNG Canada facility, located in British Columbia. Source
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bp today announced its largest discovery in 25 years at the Bumerangue prospect in the deepwater offshore Brazil. bp drilled exploration well 1-BP-13-SPS and discovered hydrocarbons at the Bumerangue block, located in the Santos basin. Source
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