ADNOC has signed a long-term Heads of Agreement with IndianOil for 1 million metric tonnes per annum of liquefied natural gas (LNG) from its Ruwais LNG project in Abu Dhabi. SourceContinue Reading
Tecnimont (MAIRE Group) has entrusted Tenaris with the supply of more than 24,500 tons of seamless pipes for a major gas project located in North Africa, designed to bolster energy security in Europe. SourceContinue Reading
by extending safe operating windows, Akselos can help operators avoid over $100 million in lost production by potentially avoiding unnecessary dry dock. The software also allows FPSO operators to extend the operational life of assets by removing unwanted and overly conservative fatigue estimates, powered by the Akselos RB-FEA technology. SourceContinue Reading
The Crown Prince of Abu Dhabi has endorsed his state-owned energy company, Abu Dhabi National Oil Company (ADNOC), endorsed the company’s innovative Artificial Intelligence and Digital Technology (AIDT) strategy, ENERGYai. SourceContinue Reading
Personnel have been evacuated from a total of 171 production platforms, 46% of the 371 manned platforms in the Gulf of Mexico. Evacuations have also commenced from three non-dynamically positioned rigs, equivalent to 60% of the five rigs of this type currently operating in the Gulf. A total of four DP rigs have moved off...Continue Reading
The 225,000 bpd Almirante Tamandare production vessel is on route and set to arrive in Brazil this year, and a similar unit is near completion at a Chinese shipyard and will arrive in 2025. SBM is also waiting for Petrobras to re-launch a tender for two FPSOs for an offshore project in the Sergipe-Alagoas basin....Continue Reading
Exxon Mobil Corp.’s top executive vowed to sue more activist investors if they continue to “abuse” the proxy voting process, just months after a lawsuit against Arjuna Capital LLC was dismissed by a federal judge. SourceContinue Reading
The properties are located in the Central Basin Platform, Texas and New Mexico Shelf, and Northwest Shelf, and currently represent estimated net production of 21,000 boed, of which approximately 57% is oil. SourceContinue Reading
Harris twice invoked the surge in U.S. crude and natural gas production in the televised proceedings — a striking embrace of the nation’s fossil fuel output for a candidate who more often touts her green credentials and history of attacking the oil and gas industry as California’s top prosecutor. SourceContinue Reading
Based on the report from its Vienna-based research department, the restart ought to be urgently needed. OPEC’s data suggest that world inventories should be depleting rapidly now and — unless the group opens the taps — face a substantial shortfall of more than 3 MMbpd in the fourth quarter. SourceContinue Reading
