Ken Naughton, president of Management Controls, talks to The Energy Year about the company’s expansion beyond refining into contractor-heavy industries and how geofencing and proof-of-presence data improve cost control. Management Controls is a developer of cost and compliance management software for industrial and infrastructure projects. Management Controls helps industrial operators improve cost control by combining […]
Uganda has named its new export crude blend “Pearl Sweet” as the country’s $15 billion Tilenga-Kingfisher-EACOP development moves toward first oil and exports. Pearl Sweet will combine crude produced from the TotalEnergies-operated Tilenga development and CNOOC-operated Kingfisher development. The streams will be commingled at the Kabaale Shared Facilities in Hoima before entering the East African Crude Oil Pipeline (EACOP) […]
Subsea7 has secured a subsea installation contract from LLOG Exploration Company, a Harbour Energy subsidiary, for the Who Dat East development in the U.S. Gulf. Subsea7 classifies the contract as “sizeable,” representing a value between $50 million and $150 million. Who Dat East is located in Mississippi Canyon lease MC 509-1 in approximately 1,300 m of water. The contract covers […]
Eni has expanded its exploration position offshore Uruguay, taking operatorship and a 50% interest in the OFF-5 block while also agreeing to acquire a 40% stake in the adjacent OFF-6 block. Eni formally entered OFF-5 following an agreement with MIWEN, a wholly owned subsidiary of YPF, and Uruguay’s national oil company ANCAP. The transaction has received approval from […]
Nigeria’s Indigenous firms are looking forward towards operational efficiency to drive Nigeria’s production target. Their new business outlook is adding value to Nigeria’s expanding production growth with oil production averaging 1.56 million barrels a day (mbpd) in June 2026. This marked the highest monthly crude output since April 2020 and exceeding Nigeria’s 1.5 mbpd OEC […]
Mahama administration and the Ministry of Energy and Green TransitionUS$3.5 billion in planned upstream investment Energy Ministry Technical Advisor, Dr. Yussif Sulemana, says the government expects crude production to increase by the end of 2026 as investment returns to some of Ghana’s major producing fields. “I can tell you on authority that coming by the end of […]
The Tema Oil Refinery (TOR) and Ghana Oil Company Limited (GOIL) have held a strategic meeting to explore further opportunities for collaboration in the supply and offtake of petroleum products produced by the refinery. The engagement, held on Wednesday, September 02, 2026, builds on the existing business relationship between the two institutions and seeks to […]
Ranger Energy Services has agreed to acquire STEP Energy Services’ U.S. coiled tubing assets for approximately $27.5 million, a transaction that will position Ranger as the second-largest coiled tubing provider in the Lower 48. The acquisition includes 13 full coiled tubing spreads, related equipment and inventory, along with certain property and vehicle lease obligations. STEP’s U.S. coiled […]
Baghdad (IraqiNews.com) – Iraqi Oil Minister Basim Khudair and representatives from British Petroleum (BP) and Texas-based ConocoPhillips discussed on Monday the development of Iraq’s oil and gas industry. The meeting held in Baghdad included BP’s Iraq director Zaid al-Yasiri, Nader Zaki, Ariel Flores, and ConocoPhillips representative William Arnold, as well as senior Iraqi officials in […]
Entering peak hurricane season, offshore operators face the possibility of severe weather disrupting operations. In September 2024, unplanned storm-related outages disrupted 16% of total crude oil production in the federal Gulf of America/Mexico. While operators can’t control the path or severity of a storm, they can gain a clearer understanding of critical equipment health before it arrives, […]