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World Oil News
TotalEnergies has entered a new phase of its strategic partnership with Cognite, aimed at scaling industrial artificial intelligence (AI) across all of the company’s operated upstream assets worldwide. Source
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Seatrium has signed an MoU with Cochin Shipyard to strengthen offshore collaboration in India and Asia, targeting MRO projects, technology partnerships and growth in regional energy markets. Source
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Nigeria has approved TotalEnergies’ $510 million sale of its 12.5% stake in OML 118, home to the Bonga deepwater field, to Shell and Nigerian Agip Exploration as part of Total’s global divestment strategy. Source
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TechnipFMC has secured a substantial contract from ExxonMobil Guyana to deliver subsea production systems for the Hammerhead development in the Stabroek Block, marking its seventh greenfield award in the country since 2017. Source
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At the Tomorrow Show in Oslo, Norway, Mun Hon Chow, Flow Assurance Lead at Shell, outlined how real-time dynamic digital twins are redefining field management and unlocking new opportunities for production optimization. Source
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Nabors Industries and Caturus Energy have launched the PACE-X Ultra™ X33 rig, the most powerful onshore drilling system in the U.S. The rig enables complex well designs, including 4-mile laterals and 14,000+ ft depths, setting new benchmarks for efficiency, safety and lower-carbon operations. Source
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GeoPark has acquired operated interests in the Loma Jarillosa Este and Puesto Silva Oeste blocks in Argentina’s Vaca Muerta shale from Pluspetrol, adding 12,300 acres, immediate production and growth to 20,000 boed by 2028. Source
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Nabors Industries and Caturus Energy have launched the PACE-X Ultra™ X33 rig, the most powerful onshore drilling system in the U.S. The rig enables complex well designs, including 4-mile laterals and 14,000+ ft depths, setting new benchmarks for efficiency, safety and lower-carbon operations. Source
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SLB has secured a major Petrobras contract for up to 35 ultra-deepwater wells in Brazil’s Santos Basin Atapu and Sépia fields, deploying advanced electric completions and digital technologies to enhance production and reservoir management. Source
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Aker BP and FourPhase have executed the first-ever remote offshore solids management operation in the North Sea. The two-month project reduced offshore exposure, improved efficiency and safety, and set a new benchmark for future digital and remote well interventions. Source
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