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World Oil News
Sinopec has announced a major shale gas exploration breakthrough of its Project Deep Earth – Sichuan and Chongqing Natural Gas Base. The vertical depth of the well reaches over 5,300 m, setting a new record for vertical depth of shale gas wells in China. Source
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Perenco has announced a successful drilling operation for its Onyx well, encountering significant columns of natural gas in two separate geological compartments. The Onyx field is an undeveloped gas discovery located within the TSP license, offshore Trinidad. Source
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UK-headquartered Score, a global provider of advanced engineering technology services in the fields of valve and emissions management, gas turbines and surface technologies has announced two major multi-million-dollar acquisitions as part of its strategic growth plan. Source
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Woodside Energy and Aramco have entered into a non-binding collaboration agreement to explore global opportunities, including Aramco’s potential acquisition of an equity interest in and LNG offtake from the Louisiana LNG project. Source
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The U.S. Department of Energy (DOE) this week announced it has taken the first step in the Energy Department’s largest deregulatory effort in history, proposing the elimination or reduction of 47 regulations. Source
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“The Trump Administration continues to fill important positions within the federal government with outstanding professionals who are committed to increasing American energy dominance,” said IPAA President Jeff Eshelman. Source
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Oil giant Saudi Aramco has signed agreements with major U.S. companies potentially totaling about $90 billion. The signed MoUs and pacts cover partnerships on LNG, AI, emission-reduction technologies and more, Aramco said in a statement. Source
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XRG, PETRONAS and the Turkmenistan State Enterprise Hazarnebit have signed a new Production Sharing Contract (PSC) with the State Concern Turkmennebit for the offshore “Block I” gas and condensate fields in Turkmenistan. Source
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McDermott has successfully completed fabrication, construction, and offshore floatover of the Scarborough floating production unit (FPU) topside and hull structures for Woodside Energy. Source
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XRG, PETRONAS and the Turkmenistan State Enterprise Hazarnebit have signed a new Production Sharing Contract (PSC) with the State Concern Turkmennebit for the offshore “Block I” gas and condensate fields in Turkmenistan. Source
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