Author: intent

AIQ and Weatherford to deploy AI-driven efficiency tools in energy

Oil & Gas‚ Oil and Gas Industry | intent | April 23, 2025 | Comment off

AIQ and Weatherford have signed a strategic collaboration agreement to integrate AIQ’s artificial intelligence systems with Weatherford’s digital oilfield technologies, the companies said on Tuesday.

The partnership aims to enhance efficiency in global energy operations. It will bring together AIQ’s AI platforms with Weatherford’s Modern Edge suite, Unified Data Model and WFRD Software Launchpad. The integration is designed to modernise workflows, reduce downtime and cut operational costs across energy facilities worldwide.

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Halliburton announces tariff impact on drilling, frac operations

Oil & Gas‚ Oil and Gas Industry | intent | April 23, 2025 | Comment off

Halliburton Co., the world’s largest provider of hydraulic fracturing services, fell sharply after warning investors that tariffs will impact a wide swath of the company’s business units.

The dominant North American oil field services provider told investors Tuesday on a conference call that tariffs will have an impact of 2 to 3 cents per share during the second quarter, with 60% of the hit affecting its completions-and-production unit, which houses the fracing business. The rest of the tariffs impact will be to its drilling and evaluation segment.

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Turkey Eyes Oil & Gas Exploration In Bulgaria, Iraq And Libya

Oil & Gas‚ Oil and Gas Industry | intent | April 23, 2025 | Comment off

Turkey is currently in talks to explore for oil and gas in Bulgaria, with similar plans for exploration in Iraq and Libya, Turkish Energy Minister Alparslan Bayraktar has revealed. According to the minister, state-owned energy company Turkiye Petrolleri AO (TPAO) will sign an agreement with an unnamed foreign partner within the next month to conduct exploration in Bulgaria’s section of the Black Sea. 

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BW Energy deems Bourdon oil discovery off Gabon commercial

Oil & Gas‚ Oil and Gas Industry | intent | April 23, 2025 | Comment off

BW Energy has confirmed the commercial viability of the Bourdon oil discovery offshore Gabon, with estimated recoverable reserves of 25 million barrels, the Norwegian company said on Tuesday.

The DBM-1 ST2 appraisal well has verified a significant oil discovery with quality reservoir characteristics and fluid properties in the Bourdon prospect within the Dussafu licence. The company estimates 56 million barrels of oil in place, of which approximately 25 million barrels are considered recoverable.

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Trump Tariffs Reshape MENA Oilfield Services

Oil & Gas‚ Oil and Gas Industry | intent | April 22, 2025 | Comment off

The Trump administration’s tariff regime, intended to boost US manufacturing and inflict punitive damage on Chinese manufacturing, has disrupted multiple industrial supply chains into the US with cascading effects across other regions. For the Middle East and North Africa (MENA) region’s oilfield services (OFS) sector, the effects are indirect but may be significant if unmitigated by national oil companies (NOCs) and OFS suppliers.

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China’s Oil Supertankers Face $5.2-Million Fee per U.S. Port Call

Oil & Gas‚ Oil and Gas Industry | intent | April 22, 2025 | Comment off

The U.S. move to penalize China-built and China-owned vessels calling at U.S. ports could lead to an oil supertanker made in China and operated by a Chinese company facing a fee of up to $5.2 million per call at a U.S. port, shipbrokers have estimated.

The U.S. last week announced fees on vessel owners and operators of China based on net tonnage per U.S. voyage. The previous proposal was a per-port-entry fee of up to $1.5 million on Chinese-built vessels, and up to a $1 million per-port-entry fee on any vessel (Chinese-built or non-Chinese-built) for operators that have any Chinese-built vessels in their fleet or orderbook.

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