Given the current industry context, these awards reflect the continued high priority that clients have on digitalizing and thus enhancing the value of their legacy data. SourceContinue Reading
The Trans Adriatic Pipeline, or TAP, project is “substantially complete” 4 1/2 years after construction started on the 878-kilometer link. The partners are now preparing for commercial operations and offering capacity to buyers. SourceContinue Reading
The specialist manufacturer and supplier of valves for the global energy industry has been awarded two significant FPSO valve contracts for projects in Brazil. The company will manufacture and supply valves packages to both projects in the Santos and Campos basins. SourceContinue Reading
NTS Group has acquired Amega West Services, a market leader in the manufacture, repair and rental of legacy and specialized drilling equipment used in offshore and land-based oil and gas extraction applications, from Carpenter Technology Corporation. SourceContinue Reading
Halliburton’s Crush and Shear technology reimagines the bit by placing roller cones in the bit’s center for efficient crushing of the formation and moves the cutters to the shoulder for maximal rock shearing. SourceContinue Reading
Predicting the future of energy is an even greater challenge than usual this year, coming after what the IEA described as a disruption not seen since “World Wars and the Great Depression.” SourceContinue Reading
Gas projects planned or under development in the region will require around $211 billion in investment between 2020 and 2024, Arab Petroleum Investments Corp. said Monday in a statement. SourceContinue Reading
Panhandle Oil and Gas has closed the previously announced purchase of two mineral and royalty packages in Grady County, Okla., and Panola and Harrison Counties, Texas, from Red Stone Resources, LLC. SourceContinue Reading
Libya’s state energy company lifted force majeure on the western deposit of Sharara and instructed its operator to resume production, according to a statement on Sunday. The field will initially pump 40,000 bpd, before reaching its capacity of almost 300,000 bpd next week, a person with knowledge of the situation said. SourceContinue Reading
Total production capacity from Block 61 is expected to rise to 1.5 Bcfd and more than 65,000 bpd of associated condensate. With an estimated 10.5 Tcf of recoverable gas resources, the block has the capacity to deliver approximately 35% of Oman’s total gas demand. SourceContinue Reading
