The changes come almost two weeks after the Malaysian conglomerate announced it would leave South Sudan after 14 years. UK-based oil and gas company Savannah Energy Plc has been in talks to purchase that business. SourceContinue Reading

Halliburton, a major U.S. oil field services firm, experienced a cyberattack on Wednesday, affecting some of its systems, particularly at its north Houston campus and global connectivity networks. SourceContinue Reading

Salunda’s Crew Hawk wearable technology and HaloGuard cameras can be integrated with Intellilift’s drilling software, resulting in improved safety conditions, enhanced well planning and reductions in tripping time. SourceContinue Reading

PETRONAS recently commenced its first gas production at the Kasawari field, located in Block SK316, approximately 200 km offshore Malaysia, at an initial flow rate of 200 MMcfd. SourceContinue Reading

Sentinel Subsea was selected by a major client to support the decommissioning of subsea assets in collaboration with Baker Hughes. This project successfully deployed two WellSentinel Coral systems that enable the continuous monitoring of temporary suspended wells in the remote field. SourceContinue Reading

This four-month extension to an existing contract will build on existing operations. The project is expected to enhance the client’s seismic data acquisition capabilities, facilitating more informed decision making. SourceContinue Reading

Var’s Balder X project — extending production to 2045 — includes vessel upgrades, as well as new production and water injection wells. It had already suffered from delays associated with the Covid-19 pandemic, bad weather that complicated drilling, as well as inflation driving up the price of services. SourceContinue Reading

Ovintiv’s operations in the Central basin of Utah involves drilling in about 2,600 feet of oil saturated reservoir rock, according to its website. The asset could attract interest from private equity-backed energy groups, the people said. SourceContinue Reading

Oil demand by 2050 will be “well north” of 100 MMbpd and possibly exceed 110 MMbpd, CEO Greg Ebel said Tuesday in an interview at Bloomberg’s New York headquarters. That contrasts with an International Energy Agency projection that demand will decline to 97 MMbpd by mid-century. SourceContinue Reading

Global oil markets are poised to swing from a deficit to a surplus next quarter should OPEC+ proceed with provisional plans to bring back idled production starting in October, data last week from the International Energy Agency showed. SourceContinue Reading