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World Oil News
(WO) — ADNOC Drilling announced a significant increase in third quarter 2024 revenue, driven by the company’s expansion of onshore and offshore fleets, OFS expansion and joint-venture contributions.  Source
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(Bloomberg) — The U.K. government went no further in toughening up the tax regime for North Sea oil and gas producers than measures already announced, keeping capital allowances in the windfall tax following protests from the industry.  Source
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(WO) – Linde Engineering has signed an agreement with NEXTCHEM to provide carbon capture technology to ADNOC’s Hail and Ghasha project. Located in the UAE, the project is one of the world’s largest offshore sour gas developments and aims to operate with net zero emissions.   Source
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(WO) —  Panoro Energy ASA has announced that final terms have been agreed with the government of Gabon, and Panoro has signed Production Sharing Contracts (PSCs) covering two offshore blocks. Source
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(Bloomberg) — Guyana’s oil output dropped 11% in the third quarter as Exxon Mobil Corp. temporarily shut down two of its three production vessels to connect a new gas-to-shore pipeline. Source
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(WO) — EnerMech has completed a milestone pre-commissioning project for a major U.S. energy infrastructure company in the Gulf of Mexico, marking the organization’s largest nitrogen membrane spread to be deployed to date in this geography. Source
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(WO) — TotalEnergies has achieved first oil from the third development phase of the Mero field on the Libra block, located 180 kilometers off the coast of Rio de Janeiro, Brazil, in the pre-salt area of the Santos Basin. Source
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(WO) — Ocean services provider DeepOcean has been awarded an inspection, maintenance and repair (IMR) campaign by Vår Energi for 2025. The scope also includes additional light construction work to be completed within the same year. Source
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(WO) — Drilling waste management specialist TWMA has announced a significant contract win with a leading UAE operator valued at approximately $70 million. Source
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(WO) — MYCELX Technologies Corporation has been awarded a contract to treat produced water during Enhanced Oil Recovery (“EOR”) production, which will represent its second REGEN installation with a Middle East producer. Source
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