Already deployed in five operations across the Gulf of Mexico and the Norwegian Continental Shelf, The Observer™ technology is set to be rolled out across all FourPhase operations, enabling full remote monitoring and real-time data analytics. SourceContinue Reading
Ecuador’s President Daniel Noboa has ordered a consortium seeking to take over the nation’s top oil asset to pay an entry fee of $1.5 billion by March 11, moving up the deadline by more than three weeks. Noboa has warned he will cancel the deal without the early payment. SourceContinue Reading
Today, Venture Global along with federal and state officials announced plans for a brownfield expansion at its Plaquemines LNG facility south of New Orleans, Louisiana. The planned expansion will bring the expected total production capacity to over 45 MTPA at Plaquemines. SourceContinue Reading
Tanzania aims to start a licensing round for dozens of oil and gas exploration blocks in May, the first in more than a decade for the nation with an estimated 57 trillion cubic feet of natural gas reserves. Three of the 26 blocks are in Lake Tanganyika and the rest in the Indian Ocean. SourceContinue Reading
Aminex, the oil and gas exploration and development company focused on Tanzania, announced several key operations updates on its Ntorya gas development, including a successful seismic program, and plans for field and pipeline development. SourceContinue Reading
Expro has secured more than $10 million in major contracts from OMV Petrom for the Neptun Deep gas project in the Black Sea. The contracts involve Expro’s subsea landing string (SSLS), SeaCure® cementing technology, tubular running services (TRS) and Coretrax Advance drilling tools. SourceContinue Reading
The cost of Oman crude on the Gulf Mercantile Exchange slipped below Brent on Tuesday for the first time since late 2024, according to data compiled by Bloomberg. That marks the end of the Middle Eastern grade’s longest run of premiums over the global benchmark since 2023. SourceContinue Reading
Libya’s oil and gas sector is set for a new era of growth and investment following the announcement of its first exploration bid round in 17 years. The bid round is expected to attract foreign investors and drive exploration activities across Libya’s resource-rich basins. SourceContinue Reading
STATS Group, a global provider in pipeline isolation and connection solutions, is tackling critical challenges in offshore infrastructure and revolutionizing subsea pipeline tie-ins with its advanced mechanical hot tap clamps and proprietary intervention technologies. SourceContinue Reading
SLB today launched EWC™ electric well control technologies, which reduce capex and opex, while making mission-critical drilling operations safer. EWC technologies replace hydraulics with a simplified electric power system, SLB stated. SourceContinue Reading
