The American Petroleum Institute (API) has released a statement regarding the U.S. Department of the Treasury’s final regulations for the Section 45V Clean Hydrogen Production Tax Credit. SourceContinue Reading
Drilling Tools International (DTI) announced their completed successful acquisition of Titan, a UK-based downhole tool rental company. The acquisition strengthens DTI’s presence in the North Sea, European and African markets. SourceContinue Reading
The Independent Petroleum Association of America (IPAA) today shared unfortunate news of the passing of Steven B. Hinchman (Steve), the association’s 43rd Chairman of the Board, and steadfast leader during challenging times. SourceContinue Reading
(Bloomberg) – Tullow Oil Plc stocks rose after an international body found it wasn’t liable for a $320 million tax assessment in Ghana, where its key oil assets are located. SourceContinue Reading
The Energy Workforce & Technology Council has shared news of the passing of Sherry Stephens Blanks, former President of the Petroleum Equipment and Services Association (PESA), now the Energy Workforce & Technology Council. SourceContinue Reading
Activity in the oil and gas sector increased slightly, and production was mixed in fourth quarter 2024, according to executives at exploration and production (E&P) firms responding to the Dallas Fed Energy Survey. SourceContinue Reading
Trillion Energy has announced the continuation of the velocity string tubing program on two tripods after previously completing operations on the Akcakoca platform in late November. SourceContinue Reading
Kosmos Energy notes the announcement from bp plc (operator) that first gas production has been achieved at the Greater Tortue Ahmeyim (GTA) liquefied natural gas (LNG) project offshore Mauritania and Senegal. SourceContinue Reading
(Bloomberg) – President Joe Biden is preparing to issue a decree permanently banning new offshore oil and gas development in some U.S. coastal waters, locking in difficult-to-revoke protections for sensitive marine areas during his final weeks in the White House. SourceContinue Reading
CNOOC has commenced production from its Panyu oilfield joint development project, the company announced. The project is expected to achieve a peak production of approximately 13,600 boed in 2025. SourceContinue Reading
