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World Oil News
The Deepwater Development Conference (MCEDD) has welcomed new experts from SOCAR, Woodside Energy, and Staatsolie to its Advisory Board for the 2025 event. Source
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Subsea7 has secured a contract for a subsea tieback development in the U.S. Gulf of Mexico. The company will be responsible for transporting and installing the flowline, umbilical, and other subsea components required for the project. Source
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The Railroad Commission of Texas (RRC) has exceeded key performance goals set by the Texas Legislature for Fiscal Year 2024, continuing its strong record of protecting public safety and the environment. Source
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ADNOC Gas is using advanced 3D printing technology to manufacture critical replacement components, aiming to save $50 million by 2028. The company has created one of the largest digital libraries in the energy industry, storing over 3,500 scanned components that can be printed on demand. Source
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NDT Global has launched a new 56-inch ultrasonic inline inspection tool, developed in partnership with Aramco, to meet the specific inspection needs of large-diameter pipelines. Source
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Jindal Power Ltd. is walking away from a venture that would have operated an oil-processing facility for Venezuela’s state-controlled crude producer, according to people familiar with the matter. Source
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Under the agreement, Petrofac will provide technical and engineering support for key onshore and offshore assets, including five offshore steel jacket facilities in the Alba Field and the Alba Gas Plant onshore. Source
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Shearwater Geoservices Holding AS has been awarded a major offshore project by TotalEnergies to conduct a deepwater ocean-bottom node (OBN) survey in Angola. Source
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In the third quarter of 2024, Petrobras recorded an average FUT of 95.2%. This period also saw a significant increase in the processing of pre-salt oil, which made up 73% of the total load in the distillation units. Source
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Baker Hughes has announced its largest-ever order of Integrated Compressor Line units, awarded by Dubai Petroleum Establishment (DPE) on behalf of the Dubai Supply Authority. Source
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