The companies hardest hit by the outage at Freeport LNG, which began on July 6, include Japanese companies Jera Co. and Osaka Gas Co., oil majors bp Plc. and TotalEnergies SE, and South Korea’s SK E&S Co., people familiar with the matter said. SourceContinue Reading

With such an overwhelming response, the excitement for the awards ceremony is higher than ever. World Oil invites you to join us on October 9, 2024, at the luxurious Post Oak Hotel in Houston, Texas, for a night of celebration, networking, and recognition of industry excellence. SourceContinue Reading

Shell will migrate from their current in-house software to Imaging AnyWare, a modern, fully integrated enterprise-class imaging system renowned for its efficiency, flexibility and usability. The choice of TGS’ Imaging AnyWare represents a significant validation of the software’s excellence.  SourceContinue Reading

The deal includes a 10% interest in 15 oil mining leases and the Forcados and Bonny export terminals, which are part of the Shell Petroleum Development Co. joint venture, Nigerian-owned Chappal Energies said in a statement Wednesday. SourceContinue Reading

The powerful SaaS solution includes AI-enabled asset monitoring and a scheduling and optimization engine that enables increased resource utilization and service uptime of assets in electrical substations. SourceContinue Reading

Etu Energias has entered a deal to acquire Galp Energia’s stake in Block 32, Block 14, and Block 14K offshore Angola for $443 million. The acquisition transaction includes Galp’s 5% non-operating stake in Block 32, 9% non-operating stake in Block 14, and 4.5% non-operating stake in Block 14K. SourceContinue Reading

In the past 24 hours, 47 new fires emerged in the province, most of them south of the unofficial oil sands capital of Fort McMurray, said Kai Bowering, spokeswoman for Alberta Wildfire. The arid conditions are expected to persist for the next 24 hours, making it easier for the blazes to spread, she said. SourceContinue Reading

The company plans to restart its first production line this week, with the intent to start the remaining units shortly thereafter, Browne said. Still, production is expected to be at reduced rates, a spokesperson said, without saying how long the reduction would last. The plant is designed to produce 15 million metric tons of LNG...Continue Reading

LLOG Exploration Company has acquired 41 blocks of offshore acreage encompassing approximately 236,000 acres in the East Breaks and Alaminos Canyon area of the deepwater GOM. SourceContinue Reading

PEL 73 is located onshore northeast Namibia, covering an area of approximately 25,341 km2. Two exploration wells are planned to be drilled in the Damara Fold Belt basin in the second half of 2024. The wells are targeting a combined un-risked resource potential of 489 MMbbl of oil, based on the most recent prospective resource...Continue Reading