The agreement builds on the work deployed across APA’s global portfolio over the past three years and introduces new artificial intelligence capabilities with Palantir’s Artificial Intelligence Platform (AIP) software. SourceContinue Reading
To finalize the deal, however, Chevron and Hess still need to prevail in arbitration against Exxon Mobil Corp. and Cnooc Ltd., who claim a right-of-first-refusal on Hess’ biggest asset — a 30% stake in a massive oil field offshore Guyana. The case, currently being administered by the International Chamber of Commerce, is likely to be...Continue Reading
The discussions are over blocks in nations including Namibia, South Africa and Angola, Petroleo Brasileiro SA’s head of exploration and production, Sylvia dos Anjos, said in an interview. Petrobras is studying a total of 10 opportunities to partner with oil majors in Africa as the Latin American company tries to capitalize off its expertise in...Continue Reading
The Bureau of Safety and Environmental Enforcement estimates that approximately 29.18% of the current oil production and 16.85% of the current natural gas production in the Gulf of Mexico has been shut-in. SourceContinue Reading
A UK-based operator has awarded ocean services provider DeepOcean a long-term frame agreement for provision of diverless subsea inspection, maintenance and repair (IMR) services on the UK Continental Shelf (UKCS). Two call-offs have now been executed for offshore work in 2024. SourceContinue Reading
The Railroad Commission of Texas assessed $2,308,419.00 in fines involving 656 enforcement dockets against operators and businesses at the Commissioners’ Conference on Tuesday. SourceContinue Reading
AI-related electricity demand is expected to translate to between 6 – 13 Bcfgd in the short term, Toby Rice, EQT’s chief executive officer, said Tuesday. That compares with current total US consumption of just over 100 Bcfd. SourceContinue Reading
World oil consumption is set to increase by 17.9 MMbpd, or roughly 18%, to 120.1 MMbpd by 2050, the Organization of Petroleum Exporting Countries said in its annual long-term outlook. It raised estimates covering the next two decades from last year’s report. SourceContinue Reading
The plant design will feature electric-driven LNG trains instead of gas turbines, reducing greenhouse gases emissions compared to conventional LNG projects. It will also include prefabricated and standardized modules to be assembled at the project site in Mozambique, offering cost competitiveness and certainty in delivery schedule. SourceContinue Reading
Installed by contractor McDermott on behalf of an international operator, it is the second time the firm’s TCP product has been deployed in Malaysia, after a TCP Flowline and static riser were installed at the shallow water West Lutong field for operator Petronas in 2017. SourceContinue Reading
