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World Oil News
(Bloomberg) – BP Plc is eliminating 4,700 positions internally, about 5% of its workforce, and more than 3,000 contractor jobs, CEO Murray Auchincloss told staff on Thursday, as the London-based energy giant seeks to reduce costs. Source
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Trendsetter Vulcan Offshore (TVO), a developer of innovative solutions for the offshore industry, has engaged Finlay Johnston, through 4C Global Consultancy, to lead business development efforts for TVO in the UK. Source
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TWMA is a finalist in this year’s SPE Offshore Achievement Awards. This recognition celebrates TWMA’s RotoMill®** technology, an innovative offshore processing solution that decarbonizes drilling waste operations by more than 50%. Source
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Trendsetter Vulcan Offshore (TVO), a developer of innovative solutions for the offshore industry, has engaged Finlay Johnston, through 4C Global Consultancy, to lead business development efforts for TVO in the UK. Source
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ADNOC and AIQ announced today the successful proof-of-concept trial of ENERGYai, the world’s first-of-its-kind agentic artificial intelligence (AI) solution tailored for the energy sector. Source
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Kongsberg Maritime has successfully delivered its REACH REMOTE 1, a 24-meter unmanned surface vessel (USV) designed to transform conventional offshore operations. Its initial mission will be to conduct underwater surveys off the coast of Haugesund, Norway. Source
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Kongsberg Maritime has successfully delivered its REACH REMOTE 1, a 24-meter unmanned surface vessel (USV) designed to transform conventional offshore operations. Its initial mission will be to conduct underwater surveys off the coast of Haugesund, Norway. Source
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Helmerich & Payne, Inc. (H&P) today announced that it has completed its acquisition of KCA Deutag, establishing a global leader in onshore drilling in a deal valued at nearly $2 billion. H&P aims to expand its Middle East presence and strengthen cash flow. Source
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ADNOC Gas in partnership with Baker Hughes has successfully installed British climate technology firm Levidian’s patented LOOP technology at the Habshan Gas Processing Plant. This marks the first-ever deployment of the technology at an operational gas processing site. Source
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Sky Quarry has announced the successful completion of its 2024 PR Spring capex program. Once fully commissioned, PR Spring has a capacity to produce up to 2,000 bopd by extracting oil from both waste asphalt shingles and hydrocarbon resources. Source
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