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World Oil News
Elemental Energies and Archer have announced a joint venture agreement delivering integrated plugging and abandonment (P&A) services to global decommissioning projects. The venture will create a focused P&A well engineering team for design and operations across all well types. Source
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EnerMech has won a multi-million-pound contract to become the preferred provider of Flexible Hose Assembly (FHA) and Small Bore Tubing (SMT) management services for a major E&P organization’s U.K. assets.  Source
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INEOS and Royal Wagenborg have signed a landmark agreement on the delivery of CO2 transportation. This multi-year agreement will see Royal Wagenborg supply a newly built CO₂ carrier dedicated to Project Greensand, led by INEOS with its partners Harbour Energy and Nordsøfonden. Source
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Nostra Terra, an international oil and gas exploration and production company focused on its Pine Mills producing asset in Texas, U.S., has provided a production and operations update. Source
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Ocean services provider DeepOcean and well management and reservoir specialist EXCEED have entered into a collaboration agreement to supply vessel-based well plug and abandonment (P&A) services to the global decommissioning market. Source
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Kent, a UAE-headquartered engineering company, has launched its UAE Designers and Drafters Training Program. This initiative is specifically designed to equip young Emirati high school graduates and engineering diploma holders with the skills and knowledge necessary to excel in the energy industry. Source
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The Oil & Gas Decarbonization Charter (OGDC) has published its Baseline Report, setting a foundation to help prioritize and track progress on emissions reductions made by the 54 oil and gas companies — representing almost 45% of the global oil production, that have signed up to the Charter’s ambitions. Source
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Mermaid Subsea Services has successfully completed what is believed to be the largest vessel-based U.K. North Sea decommissioning campaign in history. The project spanned two years and involved the plugging and abandonment (P&A) of 21 wells. Source
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AGR’s reservoir management and subsurface team were selected by Norwegian E&P company Aker BP to conduct an independent third-party technical peer review of two carbon storage licenses in the Norwegian North Sea.  Source
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(Bloomberg) – India’s Oil and Natural Gas Corp.’s (ONGC) quarterly profit beat analyst estimates despite a dip in production and weak crude prices. ONGC’s net income rose 17% from a year earlier to 119.8 billion rupees ($1.4 billion) in the July-September quarter, according to a stock exchange filing Monday. Source
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