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World Oil News
ADNOC Logistics and Services (ADNOC L&S) has joined with an Abu Dhabi seaglider operator to introduce REGENT seagliders into its fleet. ADNOC L&S will use the all-electric seagliders to transport people to and from offshore oil and gas infrastructure. Source
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Viridien has won a contract with Petroleum Development Oman (PDO) to provide advanced land seismic imaging services at its dedicated processing center (DPC) in Muscat, Oman, continuing a longstanding partnership between the companies. Source
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The Sipitang Oil and Gas Industrial Park (SOGIP) is set to officially launch in early February in Sabah, Malaysia. A partnership between Gibson Shipbrokers and SOGDC, the project will generate around 1,600 jobs and support the region’s energy demand. Source
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Coterra Energy has completed its previously announced acquisitions consisting of certain assets of Franklin Mountain Energy and Avant Natural Resources and its affiliates for aggregate consideration of approximately $3.9 billion. Source
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Flow remediation specialist, Pipetech, has announced the launch of its new Downhole Scale Remediation (DSR) technology, with goals to redefine wellbore cleaning solutions for the global energy sector. Source
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Chevron and Engine No. 1 have announced a new partnership to develop scalable, reliable power solutions for U.S.-based data centers running on U.S. natural gas. In conjunction with GE Vernova, the partnership aims to establish the first multi gigawatt-scale co-located power plant and data center during President Trump’s second term. Source
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The Independent Petroleum Association of America (IPAA) board of directors have announced Michael “Mike” A. Hillebrand, the chief executive officer of Pennsylvania-based Huntley & Huntley, as board chairman for a two-year term through 2026. Source
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InflowControl has launched its Gas Autonomous Inflow Control Valve (Gas AICV®). This new technology marks a significant milestone as the world’s first autonomous flow control valve specifically designed for gas reservoirs. Source
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CNX Resources announced it has completed the acquisition of Apex Energy for a total consideration $505 million. This strategic bolt-on acquisition expands CNX’s existing stacked Marcellus and Utica undeveloped leasehold in the CPA region. Source
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A new market analysis by Canada-based investment firm Harbourfront Wealth shows volatility in crude oil prices amid recent global shifts. Analyst David Eng published the following report: Source
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