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World Oil News
Enteq Technologies has successfully completed its latest round of trials for The SABER Tool, its next-generation Rotary Steerable System (RSS) technology, at the Catoosa Test Facility. The testing phase reinforces the tool’s potential as a more reliable, lower-cost RSS for downhole environments. Source
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TechnipFMC has been awarded a large integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract by Equinor for the Johan Sverdrup Phase 3 development in the Norwegian North Sea. This latest phase will increase production by tying in additional wells to the current infrastructure, which is powered by low-emission resources onshore. Source
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Veolia Water Technologies today announced the launch of ToroJet™, a robust nutshell filtration system designed to meet the toughest produced water polishing needs in the oil and gas industry. Source
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Iraq is in talks with several companies to secure two floating storage regasification units (FSRUs) by early June, as OPEC’s second-biggest producer tries to address power shortages caused by a U.S. move against Iran. Source
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Shell will update its strategy on Tuesday, just a month after rival bp unveiled a fundamental “reset.” Analysts and investors will be looking for plans for growth at the company’s crucial liquefied natural gas business and reassurance on oil reserves. Source
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Namibian President Netumbo Nandi-Ndaitwah’s weekend cabinet reshuffle will bring oil and gas more directly under her control, as international explorers look to increase offshore discoveries. Drilling activity has grown since TotalEnergies and Shell made initial finds in 2022. Source
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Interocean Marine Services (Interocean), a leading specialist in offshore support services, has been named the winner of this year’s Associate Member’s Safety Award at the prestigious IADC North Sea Chapter (NSC) Annual Safety Awards.   Source
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A flurry of oil projects from Brazil to Saudi Arabia are set to come online this year, providing the biggest infusion of new crude production in more than a decade, according to analysts from investment firm Raymond James. Source
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ReconAfrica has moved up drilling plans for its Prospect I exploration well in the Damara Ford Belt region of Namibia as a result of successful progress to date. Prospect I contains significant hydrocarbon and natural gas potential, the company announced. Source
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In a webinar hosted by the African Energy Chamber, Namibia’s Ministry of Mines and Energy and Wood Mackenzie on March 20, Namibia announced new offshore licensing opportunities and plans to drill seven wells in 2025. Source
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