Drilling waste management specialist, TWMA*, has announced a landmark partnership with a multinational energy operator for its inaugural exploration project in Egypt, located offshore in the Mediterranean Sea. SourceContinue Reading
Halliburton today announced the launch of the new EcoStar® electric tubing-retrievable safety valve (eTRSV). This second-generation product builds on the success of the industry’s first electric TRSV, which won the OTC Spotlight on New Technology Award in 2017. SourceContinue Reading
Mozambique stands out as a key player in natural gas production and plays a crucial role in Africa’s agenda to expand electricity access and clean cooking solutions, according to NJ Ayuk, Executive Chairman of the African Energy Chamber. SourceContinue Reading
Diamondback Energy has entered into a definitive agreement to acquire Double Eagle, significantly expanding its acreage and presence in the Permian basin. The deal holds a value of approximately $4.08 billion, with Diamondback offering up 6.9 million shares of common stock and $3 billion cash in exchange for Double Eagle’s assets. SourceContinue Reading
OPEC+ is considering pushing back a series of monthly supply increases due to begin in April despite calls from U.S. President Trump to lower prices, delegates said. Postponing the increase of 120,000 bpd would mark the fourth such delay by the alliance since 2022. SourceContinue Reading
Petrobras began production from the FPSO Almirante Tamandaré (Búzios 7) on Feb. 15, 2025 in the Búzios field, located in the pre-salt layer of the Santos Basin. This is the first high-capacity unit to be installed in the field, with the potential to produce up to 225,000 bpd. SourceContinue Reading
Unique Group has appointed Fraser Moonie as their Global Commercial & Strategy Development Director – Survey Equipment. Fraser will play a key role in leading and executing the strategic commercial initiatives across Unique Group’s global locations. SourceContinue Reading
bp has announced the start of production from the second development phase of the Raven field, offshore Egypt, which involves the subsea tieback of additional Raven infill wells to its existing onshore infrastructure as part of the West Nile Delta (WND) project. SourceContinue Reading
SBM Offshore has been awarded a study with PETROBRAS for the application of Carbon Capture Modules on FPSOs. This compact modular solution allows a significant reduction of the overall emissions associated with oil and gas production from FPSOs. SourceContinue Reading
Expanding opportunities within Mozambique’s oil and gas sector are strengthening ExxonMobil’s commitment to local content investments, said Armando Afonso, Public & Government Affairs Manager, ExxonMobil Mozambique at a recent roundtable. SourceContinue Reading
