Executives at U.S. shale companies expect President Donald Trump’s 25% steel import tariffs to lead to lower activity in the shale patch, according to the latest energy survey from the Federal Reserve Bank of Dallas. SourceContinue Reading
DNV, the independent energy expert and assurance provider, has announced a new recommended practice, DNV-RP-B205: Digital inventories and on-demand manufacturing, set to transform parts management in the energy sector. SourceContinue Reading
In addition to integrated execution, the project will utilize Subsea 2.0® configure-to-order (CTO) subsea production systems. Combining both offerings will enable streamlined project management through a single interface and accelerate time to first oil. SourceContinue Reading
bp has received final government ratification for its contract to invest in the redevelopment of several giant oil fields in Kirkuk, in the north of Iraq. The contract between North Oil Company (NOC), North Gas Company (NGC) and bp includes the rehabilitation and redevelopment of the fields, spanning oil, gas, power and water with potential...Continue Reading
Société Nationale des Pétroles du Congo (SNPC) has outlined its forthcoming Gas Master Plan (GMP) designed to promote gas utilization and attract foreign investment while reducing dependency on oil revenues and expanding the country’s power grid. SourceContinue Reading
India’s largest explorer Oil and Natural Gas Corp. is seeking to diversify its portfolio to shield its core business from volatile oil prices, said Arunangshu Sarkar, director for strategy at the state-run giant. SourceContinue Reading
The North Sea Transition Authority raised its forecasts for investment and production in the coming years after 2024 figures were higher than expected. The NSTA said capex totaled £5.95 billion ($7.7 billion) last year, more than 50% above an October projection. SourceContinue Reading
Kent will provide strategic advisory and engineering services for the UK government’s Department for Energy Security & Net Zero (DESNZ) ENZPS Framework, as part of a framework agreement valued at up to £250 million (approx. $324 million USD). SourceContinue Reading
Tullow Oil will pump as much as it can from mature assets in West Africa this year as part of plans to bring debt below $1 billion. “In the year ahead, our priorities are to progress our refinancing plan and optimize our production activities,” Tullow said in a statement. SourceContinue Reading
