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World Oil News
Rival Downhole Tools has announced its continued international expansion with the establishment of new legal entities, personnel, and facilities in Canada and Mexico, as well as strategic partnerships in Saudi Arabia, the UAE and Europe. Source
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Seatrium Limited has delivered its fifth newbuild jackup rig “Var” to Borr Drilling, nearly one year ahead of schedule. The successful delivery of Var marks the completion of the latest series of five B Class jackup rigs that Seatrium has built for Borr Drilling. Source
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On the back of a series of policy reforms and regulatory changes, Ghana has positioned itself as a globally competitive oil and gas market, with ambitious energy targets and goals to boost oil production while stimulating development across the natural gas value chain. Source
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(Bloomberg) – The head of Liberty Energy Inc., the world’s second-largest fracing services company, has gained prominent endorsements as a potential pick for Donald Trump’s energy secretary. Source
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NOV’s Tuboscope division has recently unveiled a new advancement in tubular internal coating technology, aimed at significantly reducing thermal conductivity and enhancing operational efficiency and longevity of drilling tool life in challenging environments. Source
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As part of its ambition to aim for near-zero methane emissions by 2030, TotalEnergies announced they are going a step further in the monitoring and reduction of its methane emissions with the deployment of continuous, real-time detection equipment at all of its operated upstream sites. Source
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Pepperstone today shared an in-depth analysis of the latest movements in the international oil markets and short-term scenarios. Trading is centered around $67 per barrel, a level that has limited declines since September and reflects uncertainty about market outlook, the report states. Source
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ADNOC announced today the fourth cohort of its prestigious Trading Academy, which prepares ADNOC’s UAE National talent for roles as global traders of refined and crude products in the company’s trading operations, ADNOC Global Trading (AGT) and ADNOC Trading (AT). Source
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SBM Offshore, Technip Energies and TechnipFMC all announced today the securement of major contracts for the GranMorgu field development project located in Block 58 in Suriname, operated by TotalEnergies. Source
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SBM Offshore announces that it has been awarded contracts for the GranMorgu field development project located in Block 58 in Suriname by the Operator, TotalEnergies EP Suriname B.V., an affiliate of TotalEnergies. Source
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