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World Oil News
Wood, the global consulting and engineering company, has been awarded two significant offshore contract extensions in Brazil. They include the provision of operations services for Trident Energy and maintenance solutions for Equinor. Source
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Subsea7 has entered into four long-term vessel charter agreements with Otto Candies LLC and Bordelon Marine LLC, to strengthen offshore construction, inspection, maintenance and repair, ROV survey, and pipe/umbilical laying support operations, in the Gulf of Mexico. Source
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Global experts and professionals in the carbon capture, utilization, and storage (CCUS) space, which is experiencing rapid growth, gathered together Wednesday on day one of Gulf Energy Information’s two-day Carbon+Intel Forum in Houston. Source
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Shale executives have dramatically dialed back their oil-price expectations over the past three months as recession risks weigh on the market, according to the latest energy survey by the Federal Reserve Bank of Dallas. Source
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Arabian Drilling Co., a Saudi Arabian oilfield-services company partly owned by Schlumberger NV, took only hours to garner enough investor orders to fully cover an initial public offering that could raise as much as 2.67 billion riyals ($710 million). Source
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Wood, the global consulting and engineering company, has been awarded a multi-region engineering services contract by bp to support efficient and safe energy production through the provision of asset repairs, modifications and enhancements. Source
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The U.S. is on track to grow oil production faster than the government is forecasting, according to a BloombergNEF analysis. Source
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The Mangat Group, a Glendale-based land development group, announced a new partnership with Phoenix-based Liberty Petroleum Corporation in pursuit of a world-class exploration project with the potential to uncover a significant amount of oil. Source
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The American Petroleum Institute announced that Will Hupman is returning to API as Vice President of Downstream Policy. In this role, Hupman will lead the API Downstream department and coordinate downstream issues across the organization to help advance API’s mission. Source
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The interest and investment in the hydrogen sector shows there is real progress being made in renewables, and that despite current market challenges, hydrogen will play a major role in global energy in the near future. Source
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