Saudi Arabia has restarted its East-West oil pipeline, restoring at least some flow through the 4-million-barrel-per-day route that had become the kingdom’s main escape hatch around the Strait of Hormuz.
South Korea will try to cut its reliance on Middle East crude imports to 50% by 2035, Reuters has reported, citing the country’s industry ministry.
Ahmad M. Al-Ajlan, CEO, and Ivan Chikunov, General Manager – Services & Tendering of Action Energy Company (AEC), talk to The Energy Year about expanding the company’s rig fleet and oilfield services capabilities, the role of digitalisation in improving operational performance and its plans for offshore and regional growth.
Laredo Oil Inc. has signed a non-binding letter of intent (LOI) with an unnamed Argentine oil operator to evaluate the potential commercial deployment of its Underground Gravity Drainage (UGD) technology at selected oil fields in Argentina.
Superior Energy Services has entered into a definitive agreement to acquire Welltec International, expanding its well intervention and completions technology portfolio and increasing its international and offshore presence.
Abu Dhabi’s XRG is exploring the acquisition of a stake in the Shell Plc-led LNG Canada export project, as the state-owned group pursues plans to become a major global supplier of natural gas, people familiar with the matter said.
Shell Offshore Inc. has completed the sale of its interests in the Na Kika platform and Coulomb field in the U.S. Gulf to Talos Energy and an affiliate of Ridgewood Energy, receiving approximately $840 million in cash proceeds at closing.
Strohm has completed a joint industry program with Petrobras and Shell to qualify its thermoplastic composite pipe (TCP) flowline technology for ultra-deepwater operations, clearing the way for a planned Petrobras pilot in Brazil’s pre-salt in early 2027.
Britain risks losing thousands more skilled North Sea oil and gas workers before emerging energy industries can absorb them, according to a new report from the North Sea Transition Taskforce.
A group of members of Libya’s Oil Facilities Guard Agency on Tuesday closed the gates of the Zawiya Oil Refinery and Al-Burayqa Oil Marketing Company, preventing workers and technicians from entering and replacing night-shift crews responsible for operations, the National Oil Corporation (NOC) said.