Expro has set a world record by deploying the heaviest casing string to date, using its Blackhawk® Gen III Wireless Top Drive Cement Head with SKYHOOK® technology. The record was achieved on a significant project in the Gulf of America/Gulf of Mexico for a super major.
Strathcona, controlled by former investment banker Adam Waterous, is now offering 0.8 of a share for each share of MEG. That would value the Calgary-based target at around C$7.8 billion ($5.7 billion), based on Friday’s close. The new price is about 10% higher than Strathcona’s original takeover bid and tops the price Cenovus agreed last month to pay for MEG.
Renewables, oil and gas, mining, and manufacturing took the lion’s share of Chinese investments in Brazil in 2024, a new report by the Brazil-China Business Council, CEBC, showed this week.
Saudi Arabia is pushing OPEC+ to fast-track the group’s next oil production increase, moving up a supply hike originally scheduled for late 2026. OPEC+ has injected a lot of downside pricing risk into the oil markets this week, fuelling speculation that the second wave of voluntary cuts totalling 1.65 million b/d could be unwound much […]
The signing of the Power of Siberia 2 pipeline deal by the presidents of Russia and China was perhaps the biggest news to come out of the two leaders’ meeting earlier this month. It was also the deal that may very well make the new global natural gas flow order permanent, potentially interfering with President Trump’s energy dominance ambitions.
The project is Thailand’s first CCS initiative and is designed to reach a capture and storage capacity of up to 1 million tonnes per year of carbon dioxide in a phased development process scheduled to start in 2028. PTTEP estimates the project will command investments of around USD 320 million over five years.
Permex Petroleum Corporation said it has entered into an option agreement to purchase producing oil and natural gas wells from an ownership group that includes Navidad Petroleum and TMR Exploration.
OPEC+ leader Saudi Arabia wants the group to consider reviving more oil production ahead of its scheduled return at the end of next year amid a push to reclaim market share, people familiar with the matter said.
Monkey Island LNG CEO Greg Michaels said the selection followed extensive analysis of multiple technologies, adding, “The ConocoPhillips Optimized Cascade Process will enable Monkey Island LNG to provide customers with long-term, secure and competitively priced LNG supply.”
The Republic of the Congo has signed a $23 billion hydrocarbon deal with Chinese oil and gas company Wing Wah for the integrated development of the Banga Kayo, Holmoni and Cayo permits, aiming to raise national oil output to 200,000 bpd by 2030.