The government has identified reversing Ghana’s declining oil production and increasing gas supply for domestic consumption as key priorities for the upstream petroleum sector, Energy and Green Transition Minister Dr John Abdulai Jinapor has said.
Santos Ltd said Tuesday it had loaded the first crude oil cargo from the Pikka development on Alaska’s North Slope, headed to the West Coast for refining.
SAR Gruppen and TWMA have entered into an agreement to expand drilling waste treatment capacity for operators on the Norwegian Continental Shelf (NCS), including the installation of TWMA’s RotoMill technology at SAR Gruppen’s Risavika facility in Tananger.
Petroseismic has begun a large-scale, high-density land seismic survey for Chilean national energy company ENAP, deploying a suite of Sercel seismic acquisition technologies to support subsurface imaging in complex geological environments.
Baker Hughes has secured a multi-year contract with Kuwait Oil Company (KOC) to develop and deploy technologies aimed at improving upstream production performance and efficiency in Kuwait.
Techouse has completed testing of a new compact once-through steam generator (COTSG) designed to enable combined-cycle power systems on offshore oil and gas installations, with the potential to reduce fuel consumption and CO₂ emissions by up to 25%.
A key oil supply valve from the Middle East that involves shuttle transits through the Strait of Hormuz is continuing to function in the face of a recent spate of attacks.
Iran said Tuesday that the Strait of Hormuz will remain closed unless the United States ends the war and meets Tehran’s conditions, raising the bar for a deal that would restore more oil traffic through the key waterway.
Oil prices are up as uncertainty over a U.S.-Iran deal to reopen the Strait of Hormuz revived supply-disruption concerns with both sides demanding compensation, Monte Safieddine, Head of Market Research at Capital.com, said in a market analysis sent to Rigzone on Tuesday.
Joaquim Kiteculo, CEO of Sonangol Refinação e Petroquímica (Sonaref), talks to The Energy Year about progress on the USD 6.2-billion Lobito Refinery and Angola’s long-term prospects as an integrated refining and supply hub.