Hess will relinquish Block 59 in offshore Suriname effective July 8, 2025. The block will return to Staatsolie and become part of the open acreage. Hess fulfilled its minimum work obligations and has decided not to move forward to the next phase of the exploration period, Staatsolie said in a statement. SourceContinue Reading
The Energy Workforce & Technology Council (EWTC) has formally called on Mexican President Claudia Sheinbaum to address long-standing and growing non-payments by PEMEX to critical oilfield service providers. EWTC emphasized that service disruptions could begin if the situation remains unresolved. SourceContinue Reading
The Energy Workforce & Technology Council (EWTC) has formally called on Mexican President Claudia Sheinbaum to address long-standing and growing non-payments by PEMEX to critical oilfield service providers. EWTC emphasized that service disruptions could begin if the situation remains unresolved. SourceContinue Reading
(Bloomberg) — bp Plc and Shell Plc signed agreements with Libya’s National Oil Corp (NOC) to study new opportunities, joining international majors accelerating their return to the oil-rich African nation. The focus on Libya, an OPEC member, comes as the North African nation tries to bring back oil majors that left. SourceContinue Reading
U.S. crude output is now expected to grow by 160,000 bpd this year to 13.37 million bpd and remain flat in 2026, according to the Energy Information Administration’s Short-Term Energy Outlook released Tuesday. SourceContinue Reading
Forum Energy Technologies (FET) has appointed OGEQUIP to represent its subsea operations in Brazil, further strengthening FET’s position in South America. Under the partnership, OGEQUIP will deliver FET’s Subsea Technologies product line business development, technical and administrative support. SourceContinue Reading
The Global Energy Show Canada (GESC) concluded after three days of high impact discussions and industry innovations. Held at Calgary’s BMO Centre, the event brought together over 36,387 attendees and nearly 400 exhibitors from across the energy value chain. SourceContinue Reading
African E&P Petralon Energy is on track to boost Nigerian crude production by a further 2,500 bpd, following drilling activities at the Dawes Island field. The company has recently completed a new well at the field aligning with plans to maximize output at the field. SourceContinue Reading
JDR Cable Systems (JDR) has secured a significant service contract by Larsen & Toubro (L&T), through which JDR will test 14 umbilical cables for offshore platforms in the Middle East, covering two major work scopes across multiple offshore platforms. SourceContinue Reading
