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. SourceContinue Reading
bp no longer expects global oil demand to peak this year, projecting growth through the 2030s instead. In its latest Energy Outlook, the company forecasts demand reaching 103.4 million barrels a day by 2030. SourceContinue Reading
WellSense and FrontRow Energy Technology Group completed their first technology divestment as Halliburton acquires a global license for FiberLine Intervention (FLI) well diagnostics technology, advancing well stimulation monitoring and efficiency in the oilfield sector. SourceContinue Reading
Weatherford has secured an eight-year contract with Romgaz, Romania’s largest natural gas producer, to deploy real-time digital wellsite monitoring and AI-enabled production optimization. The deal marks Romgaz’s first use of such technology, enhancing efficiency across thousands of wells. SourceContinue Reading
Suriname’s government is negotiating with bondholders to delay debt repayments until offshore oil revenues begin in 2028. With TotalEnergies set to tap 760 million barrels of reserves, the $6.8B economy aims to stabilize finances and attract investment while preparing for its first crude output. SourceContinue Reading
KBC has released Maximus® 7.6, the latest version of its modeling and flow assurance platform for upstream oil and gas operations. The software is designed to close the gap between early-stage production planning and day-to-day asset management. SourceContinue Reading
With Africa requiring up to $240 billion annually to meet its energy and climate goals, attracting investment is more crucial than ever. A consistent theme emerging across the continent is the need for stable and transparent regulatory frameworks to foster investor confidence and drive sustainable development. SourceContinue Reading
Enverus has launched its Global Research platform, expanding oil and gas intelligence worldwide. The first report spotlights Argentina’s Vaca Muerta shale, revealing discounted M&A opportunities compared to U.S. shale assets, alongside production trends and inventory insights. SourceContinue Reading
Aggreko and Katoni Engineering have partnered to deliver a tailored temporary power solution for a North Sea offshore platform turnaround, cutting nearly £900,000 in fuel costs and preventing 4.5 tonnes of CO₂ emissions. SourceContinue Reading
