Gulf Marine Services (GMS), a leading provider of self-propelled, self-elevating support vessels for the offshore energy sector, is pleased to announce the award of a new contract for one of its small-class vessels in the Gulf Cooperation Council (GCC) Middle East region. The contract spans a total of 18 months, including optional extensions.
Crescent Energy has agreed to acquire assets in Texas’s Eagle Ford shale play from Ridgemar Energy for an upfront consideration of USD 905 million, Crescent announced on Wednesday.
The Jubail CCS hub’s initial phase will see up to 9 million tonnes of CO2 captured and stored each year, with construction completed by the end of 2027. Additional phases are planned in order to further expand the hub’s capacity.
The acquisition from Swiss asset manager Partners Group was announced in tandem with a divestment of 50% of a 2-GW portfolio of solar and battery energy storage systems (BESS) projects in Texas.
ADNOC Gas has awarded Worley Engineering the FEED contract for the new gas processing facilities at the Bab Gas Cap (BGC) project in Abu Dhabi, the companies announced on Wednesday
Saudi Arabian Oil Co. (Aramco) has signed a shareholder agreement with two companies to build a carbon capture and storage (CCS) hub in Saudi Arabia with an initial capacity of nine million metric tons per annum (MMtpa).
Oil fell 2% to settle below $69 a barrel as tepid US economic data undercut OPEC+’s progress on a deal to keep output constrained.
The Kremlin’s oil revenues in November fell from a year earlier for a second consecutive month, spurred by lower prices for the nation’s crude.
Energean plc has reported production of 156,000 barrels of oil equivalent per day (boepd), a 31 percent increase year over year, for the nine-month period ended September 30.
Natural gas prices are drifting lower after failing to break out above a key technical level at $3.40 per million British thermal units (MMBtu) last week.