Global oil markets may be pricing a faster recovery in war-damaged refining capacity than physical repair timelines support, with significant disruptions potentially extending into late 2027, according to new analysis from Enverus Intelligence Research (EIR). EIR estimates approximately 7 MMbpd of Middle Eastern and Russian refining capacity is currently damaged or constrained as wars in […]
The U.S. House of Representatives has passed bipartisan legislation designed to improve access to Transportation Worker Identification Credential (TWIC) cards, a move the National Ocean Industries Association (NOIA) says could help address workforce needs in the maritime and offshore energy industries. H.R. 5109, known as the TWIC Efficiency (TWICE) Act, passed the House by […]
BKV Corp. has completed its previously announced acquisition of Barnett shale upstream, midstream and carbon capture assets, adding more than 65 MMcfe/d of production and approximately 117,000 net acres to its Texas portfolio. The transaction closed Sept. 15 following the satisfaction of customary closing conditions. Financial terms were not disclosed. BKV funded the acquisition […]
Shape Digital has expanded deployment of its artificial intelligence-powered flare monitoring technology to 10 MODEC FPSOs in Brazil following a successful pilot, targeting reductions in unplanned gas flaring and improved offshore operating efficiency. The company’s Shape Lumen platform analyzes data across an asset’s oil, gas and water production systems to identify the root causes […]
Maritime Developments Ltd. (MDL) has completed a deepwater subsea umbilicals, risers and flowlines (SURF) decommissioning campaign in Brazil’s Campos basin, recovering infrastructure associated with a decommissioned FPSO. The campaign was carried out approximately 250 km east of Rio de Janeiro from a multipurpose vessel already under charter by the field operator. The scope included recovery […]
LEKOIL has outlined a long-term ambition to build production capacity of 100,000 barrels per day across its portfolio, supported by increased production, further exploration, gas commercialisation and strategic partnerships. The company presented its growth strategy at Africa Oil Week (AOW) 2026 in Accra, where it participated as Platinum Sponsor and engaged government officials, investors, operators […]
The Ghana National Petroleum Corporation (GNPC) says it has identified potential stranded resources of more than one billion barrels of oil and 2.5 trillion cubic feet of gas in the Tano Basin. The Corporation says the resources could help boost Ghana’s declining petroleum production if existing infrastructure is leveraged to develop them commercially. Senior Geomatic […]
Texas Railroad Commissioner Wayne Christian voted against ExxonMobil’s Rose carbon capture and storage (CCS) permit on Tuesday, raising concerns about the project’s long-term safety and questioning the economics and purpose of government-supported carbon storage. The Railroad Commission of Texas approved the permit in a 2–1 vote. The Rose project in Jefferson County calls for three […]
Post Oak Energy Capital-backed Ichthys Energy Partners has completed the sale of a portion of its Permian basin assets to multiple buyers while retaining its core position in New Mexico’s Northern Delaware basin. Terms of the transactions and the identities of the buyers were not disclosed. Dallas-based Ichthys focuses on aggregating and developing upstream […]
U.S. Steel has received the final air permit needed to advance construction of a $475 million quench-and-tempering facility in Alabama designed to expand tubular capacity for major U.S. oil and gas basins. The new facility at U.S. Steel’s Fairfield Tubular Operations will add in-house capacity for heat-treated tubular products used in oil and gas […]