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World Oil News
Noble Corp. and Diamond Offshore Drilling Inc. announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 for their pending merger. Source
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The project aims to transport and store up to 500,000 metric tons of CO2 annually from CF Industries’ nitrogen products complex, reducing the site’s CO2 emissions by approximately 50%. The startup is planned for 2028. Source
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Baker Hughes Co. lowered its expectations for U.S. shale activity, saying an anticipated recovery in oil drilling is no longer likely this year. Source
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Zephyr Energy plc has released initial results from the State 36-2R well at its Paradox Basin project in Utah. The early production test shows promising outcomes for the well, which was evaluated at various rates and choke settings. Source
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TotalEnergies has sold its stake in 18 Nigerian onshore oil mining licenses to Mauritius-based Chappal Energies. This sale reflects a broader trend where junior and independent explorers, along with African national oil companies are increasingly acquiring onshore assets as global majors shift their focus to offshore projects. Source
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The contracts involve both conventional and in-field processing services for 2D and 3D seismic surveys in countries like Saudi Arabia, Pakistan, Ukraine, the USA, Colombia, and Brazil. Source
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Adena Power has joined Halliburton Labs, marking a new collaboration aimed at advancing energy storage solutions. Source
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Leading national energy associations have expressed strong backing for the Energy Permitting Reform Act of 2024, introduced by Senate Energy & Natural Resources Chairman Joe Manchin (I-WV) and Ranking Member John Barrasso (R-WY). Source
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A bankruptcy judge on Wednesday approved a settlement between the joint venture building Exxon Mobil Corp.’s $10 billion gas export project in Texas and lead contractor Zachry Holdings Inc., allowing other companies to finish work on the plant. Source
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In tweets and campaign memos, Republican are resurfacing Harris’ previous anti-fracing stance to show how out of touch with voters in politically important states such as Pennsylvania. Source
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