SLB has been awarded a major drilling contract by Australian independent Woodside Energy for its ultra-deepwater Trion development project, offshore Mexico. SLB will oversee the delivery of 18 ultra-deepwater wells using an integrated services approach and AI-enabled drilling capabilities to improve operational efficiency and well quality. SourceContinue Reading
CNOOC Ltd. has made a major oilfield discovery of Huizhou 19-6 in the deep and ultra-deep plays of the South China Sea, which adds over a hundred million tons of oil equivalent in-place, the company announced. SourceContinue Reading
The Trump administration revoked permits and waivers allowing Western energy firms to operate in Venezuela, three people familiar with the issue said Saturday. The move further isolates Venezuelan President Nicolas Maduro from the world oil market. SourceContinue Reading
PetroChina Co.’s profit hit record levels last year, as increased production offset lower energy prices. Net income at China’s biggest oil and gas producer climbed 2% to 164.7 billion yuan ($22.7 billion), according to a filing on Sunday. SourceContinue Reading
Subsea 7 S.A. today announced the award of a sizeable contract by Equinor as technical service provider (TSP) for the Northern Lights Phase 2 project, offshore Norway. The scope includes engineering, procurement, construction and installation of a five-kilometer CO2 pipeline. SourceContinue Reading
Nigeria’s state oil company is courting international and local markets for advisers as it prepares for a long-delayed initial public offering. CFO Olugbenga Oluwaniyi stated that the company was in the “final stage” of obtaining a listing. SourceContinue Reading
The Railroad Commission of Texas assessed $1,888,364 in enforcement docket fines against operators and businesses at the Commissioners’ open meeting on Wednesday. The Commission has primary oversight and enforcement of the state’s oil and gas industry and intrastate pipeline safety. SourceContinue Reading
The third and final day (March 27) of World Oil’s Deepwater Development Conference (MCEDD) in Madrid, Spain, provided attendees with a significant briefing on the fast pace of advancements being made in deepwater technology. This information was disseminated via numerous individual presentations in five specific sessions throughout the day. SourceContinue Reading
The Railroad Commission of Texas assessed $1,888,364 in enforcement docket fines against operators and businesses at the Commissioners’ open meeting on Wednesday. The Commission has primary oversight and enforcement of the state’s oil and gas industry and intrastate pipeline safety. SourceContinue Reading
Nigeria’s state oil company is courting international and local markets for advisers as it prepares for a long-delayed initial public offering. CFO Olugbenga Oluwaniyi stated that the company was in the “final stage” of obtaining a listing. SourceContinue Reading
