The court of appeals in Nigeria’s capital, Abuja, overturned a 2019 ruling that granted Shell Petroleum Development Co. the right to renew its operating license for the Oil Mineral Lease 11 field. Those rights will transfer to the state-owned Nigerian National Petroleum Corp. SourceContinue Reading
Schlumberger’s Optiq solutions provide continuous and instantaneous measurements, and when coupled with Schlumberger’s broad digital offering, deliver actionable insights leading to greater operational performance, efficiency, and reduced environmental impact. SourceContinue Reading
The Trump administration’s approval of a ConocoPhillips oil field project on Alaska’s Northern Slope was rescinded by a federal judge who said it failed to adequately protect polar bears and didn’t properly consider the effects on climate change. SourceContinue Reading
LNG supplies entering European grids in July fell to the lowest for that month in three years and the outlook for this month is even more grim. SourceContinue Reading
The new pipeline will help ease a supply crunch in the European market, with the news sending benchmark futures in the Netherlands down as much as 12%. SourceContinue Reading
Oil tumbled again, dropping to the lowest level since May as the U.S. Federal Reserve signaled it was set to start tapering asset purchases within months, hurting commodities and lifting the dollar. SourceContinue Reading
ABS has brought together leading companies in the Floating Production Storage and Offloading (FPSO) sector to address the safety challenges produced by a fleet where more than half of the ship type vessels are over 30 years old, and a quarter are over 40 years old. SourceContinue Reading
Silixa announced the successful installation, validation, and borehole seismic acquisition from a permanently installed fiber optic Distributed Acoustic Sensing system, Carina Subsea 4D, on BP’s Atlantis Phase 3 subsea field development. SourceContinue Reading
The new service expands the depth detection range and improves resolution compared to existing services, while utilizing cloud and digital solutions to offer reservoir insights. SourceContinue Reading
ConocoPhillips is marketing its Williston Basin oil assets for a potential sale, according to people with knowledge of the matter. SourceContinue Reading
